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Financial overview

At the end of the 2019–20 financial year ASEA posted a comprehensive loss of $60,000. Removing depreciation ($47,000) and the cash impact of applying AASB 16 ($4,000) meant ASEA had an overspend of $9,000 in a net cash sense (note 3.2A of the financial statements refers).

ASEA did not and does not have any significant changes in the financial results during or after the previous or current reporting period.

ASEA is not aware of any matter or circumstances, which can be reasonably anticipated will have significant impact on the entity’s future operation or financial results.