IMF Bentham Limited Annual Report 2019

Contents Highlights....................................................................... 2 Track Record of Success................................................ 3 Chairman’s and Managing Director’s Report.................. 4 Directors’ Report.......................................................... 53 Auditor’s Independence Declaration............................. 80 Statement of Comprehensive Income........................... 81 Statement of Financial Position..................................... 82 Statement of Cash Flows.............................................. 83 Statement of Changes in Equity................................... 84 Notes to the Financial Statements................................ 85 A. RESULTS FOR THE YEAR 90 Note 1: Segment information. ................................... 90 Note 2: Revenue. ...................................................... 94 Note 3: Net (loss)/gain on derecognition of intangibles assets..................................... 94 Note 4: Other Income ............................................... 95 Note 5: Expenses...................................................... 95 Note 6: Income tax.................................................... 97 Note 7: Earnings per share........................................ 99 Note 8: Dividends paid and proposed..................... 101 Note 9: Statement of cash flows reconciliation........ 102 B. INTANGIBLE ASSETS 103 Note 10: Intangible assets......................................... 103 C. CAPITAL STRUCTURE 105 Note 11: Financial risk management......................... 105 Note 12: Cash and cash equivalents......................... 109 Note 13: Debt securities............................................ 109 Note 14: Contributed equity....................................... 111 Note 15: Retained earnings and reserves................. 112 D. WORKING CAPITAL, OTHER ASSETS AND OTHER LIABILITIES 113 Note 16: Litigation contracts and other receivables .. 113 Note 17: Contract costs............................................ 114 Note 18: Other assets............................................... 114 Note 19: Plant and equipment................................... 114 Note 20: Trade and other payables........................... 116 Note 21: Provisions................................................... 116 Note 22: Commitments and contingencies............... 117 E. THE GROUP, MANAGEMENT AND RELATED PARTIES 119 Note 23: Key management personnel....................... 119 Note 24: Share-based payment plan. ....................... 119 Note 25: Parent entity information ............................ 121 Note 26: Material partly-owned subsidiaries . ........... 123 Note 28: Auditor’s remuneration................................ 126 Note 29: Events after the reporting date.................... 126 Directors’ Declaration................................................. 127 Independent Auditor’s Report. ................................... 128 Shareholder Information............................................. 135 Corporate Information................................................. 138 Glossary of Terms ...................................................... 139 Overview Financial Report Shareholder Information 1 Directors’ Report IMF Bentham Limited Annual Report 2019