Annual Report Differences to Appendix 4E
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
30 September 2024
Annual Report Differences to Appendix 4E
Sydney, Australia – 30 September 2024: Pancreatic cancer treatment device company OncoSil
Medical Limited (ASX:OSL) (“OncoSil” or “the Company”) refers to the Company’s Appendix 4E for
the year ended 30 June 2024 announced on 30 August 2024 and lodgement today of the Company’s
Annual Report for the year ended 30 June 2024.
After the Appendix 4E was released, the audit was completed where the following adjustments were
identified in the financial statements, and are set out below pursuant to Listing Rule 4.3D:
1. Increase in accrued revenue and contract assets of $195,742.
2. Foreign exchange differences on intercompany loans of $316,921 recognised as foreign
exchange gain rather than in reserves.
3. $50,687 transferred from share-based payment reserve to accumulated losses.
4. $35,341 adjustment to VAT taxes paid in Germany on purchases reducing receivables and
increasing other administrative expenses.
5. Lease finance costs of $3,381 reallocated from administrative expenses to finance costs.
6. The research and development tax incentive receivable and other income decreased by
$85,721.
7. Work-in-progress costs of $197,060 for the Macquarie Park facility increased plant and
equipment and reduced consulting, finance and legal expense.
8. Additional work-in-progress costs for the Macquarie Park facility increased plant and
equipment by $79,860, increased trade and other payables by $87,846 and increased trade
and other receivables by $7,986.
9. Additional raw material costs of $127,042 increased trade and other payables and raw
materials and consumables expense.
The impact of the above adjustments on the Statement of Financial Position and Statement of Profit
or Loss is set out in the tables below.
Impact on Statement of Financial Position
Adjustment
number
1
2,3
4,6,8
7,8
8,9
Line item on statement of financial
position
Contract assets
Reserves
Trade and other receivables
Plant and equipment
Trade and other payables
Amount per
appendix 4E
$
Amount per
Adjustment annual report
$
$
7,689,853
1,352,934
80,377
1,614,328
195,742
(266,234)
(113,076)
276,920
214,888
Impact of all adjustments to total equity
195,742
7,423,619
1,239,858
357,297
1,829,216
308,240
Impact on Statement of Profit or Loss and Other Comprehensive Income
Adjustmen Line item on statement of profit or loss
t number and other comprehensive income
1
2
4,5
5
6
7
9
Revenue
Net foreign exchange gain/(loss)
Other administrative expenses
Finance costs
Other income
Consulting, finance and legal expenses
Raw materials and consumables used
Impact of all adjustments to profit or loss
Amount per
appendix 4E
$
320,890
(308,965)
(1,647,974)
(563)
1,134,472
(2,616,985)
(1,382,709)
Amount per
Adjustment annual report
$
$
195,742
316,921
(31,960)
(3381)
(85,721)
197,060
(127,042)
516,632
7,956
(1,679,934)
(3944)
1,048,751
(2,419,925)
(1,509,751)
461,619
This announcement has been authorised by the Board.
Authorisation & Additional Information
This announcement was authorised by the Chairman of OncoSil Medical Limited.
For further information, please contact:
Mr. Nigel Lange
CEO & Managing Director
E: nigel.lange@oncosil.com
T: +49 30 300 149 3043
Mr. Christian Dal Cin
CFO & Company Secretary
E: c.dalcin@acclime.com
T: +61 3 9824 5254
ONCOSIL MEDICAL LIMITED ABN 89 113 824 141 ASX | OSL
Suite 1, Level 3, 62 Lygon Street, Carlton South, VIC 3053 AUSTRALIA
TELEPHONE +61 2 9223 3344 FACSIMILE +61 2 9252 3988
WEB www.oncosil.com
Ms. Julia Maguire
The Capital Network
Media and Investor Enquiries
E: julia@thecapitalnetwork.com.au
T: +61 2 8999 3699
About OncoSil Medical
OncoSil Medical Limited (ASX:OSL) has developed a cancer treatment device, the OncoSil™ brachytherapy device, which is a
critical component of a revolutionary brachytherapy treatment for locally advanced unresectable pancreatic cancer. This
type of cancer is the 12th most common cancer in men and the 11th most common cancer in women across the globe, with
some 500,000 new cases of pancreatic cancer detected every year. With pancreatic cancer typically diagnosed at a later stage,
it has a poor prognosis for long-term survival1.
The OncoSil™ device delivers a targeted intratumoural placement of Phosphorous-32 (32P) in the treatment of locally
advanced unresectable pancreatic cancer. This occurs via injection directly into a patient’s pancreatic tumours under
endoscopic ultrasound guidance and takes place in combination with gemcitabine-based chemotherapy.
The OncoSil™ device that has already received breakthrough device designation in the European Union, United Kingdom and
United States for the treatment of locally advanced unresectable pancreatic cancer in combination with chemotherapy. CE
Marking has additionally been granted for the OncoSil™ device, which can be marketed in the European Union, United
Kingdom.
While clinical trials involving the OncoSil™ device continue to occur, the Company is simultaneously moving to commercialise
this unique medical technology. It is currently approved for sale in 30+ countries including European Union, United Kingdom,
Türkiye and Israel, with initial commercial pancreatic cancer treatments using the device already undertaken in Spain, Italy
and Israel.
To learn more, please visit: www.oncosil.com/
References: 1. https://www.wcrf.org/cancer-trends/pancreatic-cancer-statistics/
ONCOSIL MEDICAL LIMITED ABN 89 113 824 141 ASX | OSL
Suite 1, Level 3, 62 Lygon Street, Carlton South, VIC 3053 AUSTRALIA
TELEPHONE +61 2 9223 3344 FACSIMILE +61 2 9252 3988
WEB www.oncosil.com
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