Red Bubble Annual Report 2022

Notes 2022 $’000 2021 $’000 Revenue from contracts with customers Marketplace revenue 482,582 553,285 Artists’ revenue 90,811 104,038 Total revenue from contracts with customers 3 573,393 657,323 Operating expenses Artists’ margin (90,811) (104,038) Fulfiller expenses(1) (299,454) (330,541) Employee and contractor costs 4 (77,177) (64,534) Marketing expenses 5 (80,414) (73,180) Operations, administration and technology expenses 6 (36,068) (28,947) Depreciation and amortisation 12, 13 & 14 (10,676) (13,331) Total operating expenses (594,600) (614,571) Other income(2) 35 43 Other expenses(3) (1,101) (3,692) Profit/(loss) before income tax (22,273) 39,103 Income tax (expense)/benefit(4) 7(a) (2,315) (7,856) Total profit/(loss) for the year attributable to owners (24,588) 31,247 Other comprehensive income/(loss) Items that will be reclassified subsequently to profit or loss Gain/(loss) on foreign currency translation 3,454 (3,073) Total other comprehensive income/(loss) attributable to owners 3,454 (3,073) Total comprehensive income/(loss) for the year attributable to owners (21,134) 28,174 Profit/(loss) per share attributable to the ordinary equity holders of the company Cents Cents Basic profit/(loss) per share 8 (8.96) 11.57 Diluted profit/(loss) per share 8 (8.96) 11.28 (1) Fulfiller expenses comprise product and printing, shipping and transaction costs. (2) Other income includes finance income. (3) O ther expenses include interest expenses on lease liabilities, losses recognised on disposal of assets and net foreign exchange losses. Refer to note 10(a) for further details on foreign exchange losses. (4) A portion of the income tax benefit applicable to the Group is recorded directly in equity. Please see note 7(b) for further details. The above Consolidated Statement of Comprehensive Income should be read in conjunction with accompanying notes. Consolidated Statement of Comprehensive Income For the Year Ended 30 June 2022 Notes 2022 $’000 2021 $’000 Current assets Cash and cash equivalents 9 89,133 98,686 Other receivables 10(b) 5,314 4,602 Prepayments 4,581 4,525 Current tax assets 7(b) 2,226 1,270 Other assets 11 4,770 4,693 Total current assets 106,024 113,776 Non-current assets Property, plant and equipment 12 3,069 1,928 Intangible assets 13 70,746 62,486 Right of use assets 14 8,085 4,466 Prepayments 618 506 Deferred tax assets 7(d) 1,401 2,717 Other assets 11 677 723 Total non-current assets 84,596 72,826 Total assets 190,620 186,602 Current liabilities Trade and other payables 15 59,619 47,473 Unearned revenue(1) 13,023 12,235 Employee benefit liabilities 16 2,443 2,195 Provisions 1,749 2,561 Lease liabilities 14 3,117 2,280 Total current liabilities 79,951 66,744 Non-current liabilities Lease liabilities 14 6,508 3,722 Employee benefit liabilities 16 149 268 Provisions 55 – Total non-current liabilities 6,712 3,990 Total liabilities 86,663 70,734 Net assets 103,957 115,868 Equity Contributed equity 17(a) 162,526 162,552 Treasury reserve 17(b) (4,005) (7,351) Share based payments reserve 17(d) 13,347 11,414 Foreign currency translation reserve 17(d) 46 (3,408) Accumulated losses (67,957) (47,339) Total equity 103,957 115,868 (1) Unearned revenue represents the value of goods paid for by customers that are not yet delivered. The above Consolidated Statement of Financial Position should be read in conjunction with accompanying notes. Consolidated Statement of Financial Position As at 30 June 2022 59 Redbubble – Annual Report 2022 58 Redbubble – Annual Report 2022

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