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INTEGRATEDLEGALHOLDINGSLIMITED

ACN120394194

ASXAppendix4E
RESULTSFORANNOUNCEMENTTOTHEMARKET

Currentreportingperiod:
Previouscorrespondingperiod:

EARNINGS

Revenuefromordinaryactivities

Yearended30June2009
Yearended30June2008

Percentagechange
UP(+)/DOWN()

Amount
$A

59%

16,946,221

Earningsbeforeinterest,tax,depreciation,
amortisationandimpairmentexpense(EBITDA)

32%

1,638,744

Impairmentexpense
(refercommentarybelow)

109%

450,000

Profitfromordinaryactivitiesbeforetax

56%

1,100,685

Profitfromordinaryactivitiesaftertaxattributableto
members

62%

593,875

Netprofitfortheperiodattributabletomembers
(refercommentarybelow)

62%

593,875

DIVIDENDS

Amount
pershare

TheDirectorshavenotproposedadividendfortheyearended30June2009
Previouscorrespondingperiod
2.2cents

NETTANGIBLEASSETBACKING

30Jun2009

Franked
amountper
shareat30%
Australian
taxrate

2.2cents

30Jun2008

Nettangibleassetbackingpersecurity
4.89
11.71

Basicearningspershare
0.89
2.66
Dilutedearningspershare
0.89
2.66

Followingisabriefexplanationofdirectionalandpercentagechangestorevenueandprofit:

Consolidatedoperatingrevenuesof$16,946,221were59%higherthanthepreviousyearwhich
reported $10,688,441 operating revenues. Revenue from ordinary activities increased due to a
combinationoforganicgrowthandacquisitionsofnewmemberfirms.

For the year ended 30 June 2009, the consolidated entity generated a net profit after tax of
$593,875 (4% of operating revenues) compared to the year ended 30 June 2008 of $1,544,303
(14%ofoperatingrevenues).

As previously announced on 20 August 2009, a noncash impairment charge of $450,000 was


recognisedagainstthecarryingvalueoftheLawCentralbusiness.

INTEGRATEDLEGALHOLDINGSLIMITED
ACN120394194

ASXAppendix4E
RESULTSFORANNOUNCEMENTTOTHEMARKET

AfullcommentaryontheresultsforthereportingperiodiscontainedintheASXreleasedated31
August2009.

DIVIDEND

In light of the Companys stated strategy of selectively and incrementally acquiring legal firms,
and as a result of currently available opportunities to grow the Company by acquisition, the
Directorshavedecidedagainstthepaymentofafinaldividend.

Further,inthecurrentchallengingmarketconditions,maintainingourbalancesheetstrengthisa
keypriority.Theretentionofavailablecashatthistimesupportsthispriority.

Whilst the Directors view the continued payment of dividends from the Company as desirable,
theyseetheimmediateprioritiesasinvestinginthebusinessandbalancesheetstrength,andas
suchconsiderthisdividenddecisiontobeinthebestlongterminterestsofshareholders.

AUDITREPORT

Thepreliminaryfinalreportisbasedonaccountswhichareintheprocessofbeingaudited.

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2009
ACN120394194

BalanceSheet

Note

ASSETS
CurrentAssets
Cashandcashequivalents
Tradeandotherreceivables
Workinprogress
TotalCurrentAssets

NonCurrentAssets
Plantandequipment
Goodwill
Intangibleassets
Deferredtaxassets
Prepayments
Otherassets
TotalNonCurrentAssets
TOTALASSETS

LIABILITIES
CurrentLiabilities
Tradeandotherpayables
Interestbearingloansandborrowings
Incometaxpayable
Provisions
Otherliabilities
TotalCurrentLiabilities

NonCurrentLiabilities
Interestbearingloansandborrowings
Provisions
Otherliabilities
TotalNonCurrentLiabilities
TOTALLIABILITIES
NETASSETS

EQUITY
IssuedCapital
AccumulatedLosses
Reserves
TOTALEQUITY

4
5

CONSOLIDATED
30June
30June
2009
2008
$
$

600,694
5,626,766
5,616,233
2,651,518
1,370,212
1,084,352
7,587,139
9,362,636

691,360
192,836
10,372,263
6,330,233
100,980
136,620
464,147
410,647
63,016

2,677
2,524
11,694,443
7,072,860
19,281,582
16,435,496

1,738,222
1,081,009
1,244,330
169,764
157,011
968,272
459,466
173,111
200,000

3,799,029
2,392,156

1,064,105
18,708
177,620
119,986
378,422

1,620,147
138,694
5,419,176
2,530,850
13,862,406
13,904,646

30,504,813
29,729,975
(16,641,034)
(15,823,844)
(1,373)
(1,485)
13,862,406
13,904,646

TheaboveBalanceSheetshouldbereadinconjunctionwiththeaccompanyingnotes
3

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2009
ACN120394194

IncomeStatement

Professionalfees
Interestrevenue
Otherrevenue
Totalrevenue

Occupancyexpenses
Salariesandemployeebenefitsexpenses
Depreciationandamortisationexpenses
Advertisingandmarketingexpenses
Administrativeexpenses
Otherexpenses
Financecosts
Impairmentloss
Sharebasedpaymentsexpense
Totalexpenses
Profitbeforeincometax
Incometaxexpense
Profitafterincometax
NetprofitattributabletomembersoftheParent

Basicearningspershare(cents)
Dilutedearningspershare(cents)

Note

2(a)

2(b)

2(c)
2(d)
2(e)

CONSOLIDATED
2009
2008
$
$
16,388,522
10,175,930
158,585
429,609
399,114
82,902
16,946,221
10,688,441

(1,619,855)
(622,545)
(10,167,466)
(5,031,511)
(189,496)
(122,799)
(209,481)
(122,592)
(2,602,316)
(1,495,523)
(534,936)
(159,092)
(57,148)
(25,029)
(450,000)
(215,826)
(14,838)
(406,530)
(15,845,536)
(8,201,447)
1,100,685
2,486,994
(506,810)
(942,691)
593,875
1,544,303
593,875
1,544,303

0.89
2.66
0.89
2.66

TheaboveIncomeStatementshouldbereadinconjunctionwiththeaccompanyingnotes
4

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2009
ACN120394194

CashFlowStatement

Cashflowsfromoperatingactivities
Receiptsfromcustomers
Interestreceived
Otherrevenue
Paymentstosuppliersandemployees
Interestandothercostsoffinancepaid
Incometaxpaid
Netcashflowsfrom/(usedin)operatingactivities

Cashflowsfrominvestingactivities
Purchaseofplantandequipment
Proceedsfromthedisposalofplantandequipment
Paymentforavailableforsaleinvestments
Paymentfortheacquisitionofbusinessesnetof
cashacquired
Netcashflowsfrom/(usedin)investingactivities

Cashflowsfromfinancingactivities
Proceedsfromloansreceived
Repaymentofborrowings
Dividendspaid
Paymentforsettlementofliabilityassumedon
acquisitionofLawCentralCoPtyLtd
Proceedsfromissueofshares
Paymentsforshareissueexpenses
Netcashflowsfrom/(usedin)financingactivities

Netincrease/(decrease)incashheld
Cashandcashequivalentsatthebeginningofthe
financialyear
Cashandcashequivalentsattheendofthefinancial
year

Note

CONSOLIDATED
2009
2008
$
$

14,744,556
8,002,981
159,533
428,661
399,073
82,902
(15,623,517)
(7,303,805)
(23,832)
(14,937)
(1,308,557)
(76,371)
(1,652,745)
1,119,431

(180,612)
(80,826)
2,326
1,000

(4,009)

(3,731,403)
(3,909,689)

2,199,372
(386,764)
(1,411,065)

(6,652,695)
(6,736,530)




401,543

(5,160,891)

(214,665)
3,628,130
(1,007,703)
2,455,130
(3,161,969)

5,626,766

8,788,735

465,875

5,626,766

232,057
(182,689)

TheaboveCashFlowStatementshouldbereadinconjunctionwiththeaccompanyingnotes
5

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2009
ACN120394194

StatementofChangesinEquity

CONSOLIDATED
Balanceasat1July2007
Netfairvaluelossesonavailableforsale
investments

Issued
Capital

Accumulated
Losses

17,368,352

(17,368,147)

Total
Equity

205

(1,485)

(1,485)

1,544,303

1,544,303

13,045,708

13,045,708

406,530

406,530

Transactioncostsonshareissues
Incometaxonitemstakendirectlytoor
transferredfromequity

(1,514,575)

(1,514,575)

423,960

423,960

Balanceasat30June2008

29,729,975

(1,485)

13,904,646

Profitfortheyear
Issueofshares
Sharebasedpayment

Net
Unrealised
Gains/(Losses)
Reserve

(15,823,844)

CONSOLIDATED
Balanceasat1July2008
Netfairvaluegainsonavailableforsale
investments

Issued
Capital

Accumulated
Losses

29,729,975

(15,823,844)

Total
Equity

(1,485)

13,904,646

112

112

Profitfortheyear

593,875

593,875

Dividendspaid

(1,411,065)

(1,411,065)

774,838

(1,373)

13,862,406

Issueofshares
Balanceasat30June2009

774,838
30,504,813

Net
Unrealised
Gains/(Losses)
Reserve

(16,641,034)

TheaboveStatementofChangesinEquityshouldbereadinconjunctionwiththeaccompanyingnotes
6

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2009
ACN120394194

NotestotheFinancialStatements

1) SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES
ThesepreliminaryconsolidatedfinancialstatementsrelatetoIntegratedLegalHoldingsLimitedand
theentitiesitcontrolledduringtheyearended30June2009.Theaccountingpoliciesadoptedare
consistentwiththosedisclosedinitsmostcurrentfinancialstatements.

2) REVENUEANDEXPENSES

Consolidated

2009
2008
$
$
Revenueandexpensesfromcontinuingoperations

a) Otherrevenue

Rentreceived
251,931
81,157
Compensationreceived
139,000

Dividendsreceived
85

Sundryincome
8,098
1,745

399,114
82,902

b) Depreciationandamortisationexpenses

Depreciationofplantandequipment
151,427
92,951
Amortisationof:
o Equipmentunderfinancelease
2,429
3,214
o Identifiedintangibleassets
35,640
26,634

189,496
122,799

c) Otherexpenses

Authorroyaltyfees
76,816
82,694
Donations
9,220
100
Debtcollectionfees
2,139

Badanddoubtfuldebts
359,678
16,111
Bankfees
65,225
34,033
Otherexpenses
21,858
26,154

534,936
159,092

d) Financecosts

Interestotherentities
48,839
25,029
Interestaccretion
8,309

57,148
25,029

e) Impairmentloss

LawCentral
450,000
96,164
BrettDaviesLawyers

119,662

450,000
215,826

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2009
ACN120394194

NotestotheFinancialStatements

3) DIVIDENDSDECLARED

2009

Dividends declared and not recognised


asaliability
Finaldividend(fullyfranked)

4) ISSUEDCAPITAL
a) Ordinaryshares

Fullypaidshares
Partlypaidshares(1)

Consolidated
2009
Shares

69,014,511
331,667
69,346,178

2008

Cents
pershare

Total
$

Cents
pershare

Total
$

0.00

2.2

1,397,843

Consolidated
2008
Shares

Consolidated
2009
$

63,538,320

63,538,320

30,489,975
14,838
30,504,813

Consolidated
2008
$

29,729,975

29,729,975

(1) DeferredEmployeeSharePlan.

b) Movementsinordinarysharecapital

Openingbalanceasat1July2007

Issueofsharestosubscribersofinitialpublicofferingon17August
2007at50centspershare

Issue of shares to shareholders of Law Central Co Pty Ltd at a


deemedvalueof50centspershareaspartoftheconsiderationfor
theacquisitionofthecompany

Issueofsharesatadeemedvalueof15centspersharetoGFowler
on21April2008onhisappointment asManaging Director/CEOof
theCompanysharebasedpayments

Costsassociatedwiththecapitalraising

Incometaxoncapitalraisingcoststakendirectlytoequity
Balanceasat30June2008

Openingbalanceasat1July2008

Issue of shares at 14 cents per share to vendors of The Argyle


PartnershipLawyerson4November2008

IssueofsharesundertheDeferredEmployeeSharePlan

Shares
34,736,704

$
17,368,352

24,833,320

12,416,660

1,258,096

629,048

2,710,200


63,538,320

406,530

(1,514,575)

423,960
29,729,975

Shares
63,538,320

$
29,729,975

4,142,857

331,667

580,000

14,838

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2009
ACN120394194

NotestotheFinancialStatements

Issueofsharesat13.5centspersharetovendorofmdalawyerson
13March2009

Balanceasat30June2009

5) ACCUMULATEDLOSSES

1,333,334

69,346,178

180,000

30,504,813

Consolidated
2009
2008
$
$

Accumulatedlosses
(16,641,034) (15,823,844)

Balanceatbeginningofyear
(15,823,844) (17,368,147)
Netprofitfortheyear
593,875
1,544,303
Dividendspaid
(1,411,065)

Balanceatendoftheyear
(16,641,034) (15,823,844)

6) ACQUIREDBUSINESSES
Duringtheyear,theGroup,throughitswhollyownedsubsidiaries,gainedcontrolofthefollowing
businesses:

EntityName

Datecontrol
gained

Contributionto
NetProfitbeforeTax
(fromthedateof
acquisition)

01/11/2008
ArgyleLawyersPtyLtd

$35,092
Incorporating:
13/03/2009
mdalawyers

Thegroupdoesnothaveanyinterestsinassociatesoutsidethegroup,nordoesithaveanyinterest
injointventures.

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