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1、Firstwave Cloud Technology LimitedABN 35 144 733 595Financial StatementsFor the Year Ended 30 June 20212021 ANNUAL REPORT2FI RST WAV E C LOU D T EC HN OLO G Y 2021 ANNUAL REPOR TFI RST WAV E C LOU D T EC HN OLO G Y 2021 ANNUAL REPOR TContentsChairmans Letter 3Directors Report and Remuneration Report
2、 5Financial Report 23Auditors Independence Declaration 24Financial Statements 25Directors Declaration 64Independent Auditors Report 65Shareholder Information 69Corporate Directory 723 3FI RST WAV E C LOU D T EC HN OLO G Y 2021 ANNUAL REPOR TC HA IR M A N S L E T T E R DIRECTORS REPOR T FINANCIAL REP
3、OR T SHA REH OL D ER IN F ORM AT ION C OR PO R ATE DI RE C TO RYFI RST WAV E C LOU D T EC HN OLO G Y 2021 ANNUAL REPOR TChairmans Letter2021 was a year in which your Company continued to advance on many fronts,but also was presented with challenges that demanded time and resources.Key aspects of the
4、 year:International sales continuing to be hampered by the ongoing impact of COVID19 International Annualised Recurring Revenue(IARR)up 440%at the end of the financial year to$3,008K from$448K at the end of the prior year(as disclosed in the FY21 Q4 update released to the market on 27 July 2021)Dome
5、stic revenues through Telstra continuing their slow decline over the year under the pressure of continuing churn due to the lack of a web replacement product from Cisco and high costs of Telstras inhouse cloud platform First signs of the opportunity for growth in revenues through Telstra following T
6、elstra CEO Andy Penns public statements on the growing impact of cybersecurity threats as Chair of the Industry Advisory Panel to the Federal Government on Australias 2020 Cyber Security Strategy and appointment of a senior executive in Telstra as Head of Cyber Security Level 1 Partners up from 5 to