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1、Olivers Real Food LimitedAnnual Report 2021/2022For personal use onlyFor personal use only Olivers Real Food Limited ABN 33 166 495 441 Annual Report-30 June 2022 For personal use onlyFor personal use onlyOlivers Real Food Limited Contents 30 June 2022 1 Chairmans letter 2 Chief Executive Officers l
2、etter 3 Directors report 6 Auditors independence declaration 19 Statement of profit or loss and other comprehensive income 20 Statement of financial position 21 Statement of changes in equity 22 Statement of cash flows 23 Notes to the financial statements 24 Directors declaration 61 Independent audi
3、tors report to the members of Olivers Real Food Limited 62 Shareholder information 66 Olivers locations 68 Corporate directory 69 For personal use onlyFor personal use onlyOlivers Real Food Limited Chairmans letter 30 June 2022 2 Trading conditions remained difficult in the 12 months to June 30,2022
4、,as the Company sought to overcome the impact of COVID-19 on the business.Despite the tough environment,the Board and management team are optimistic about the future and our attention has turned to recovery and continual improvement across our current store network.Apart from COVID-19,Olivers has al
5、so grappled with other issues since the Company was listed on the ASX in June 2017.In March 2021,the Companys financial viability was hampered by structural challenges on three fronts:An in-house operating model with high fixed costs from staffing and managing our kitchens and logistics.Underperform
6、ing stores,particularly in Victoria,which were running at a loss.The unsustainable losses incurred servicing the EG Food to Go business.I am pleased to advise that over the last 18 months,the Company has dealt with all three of these challenges.We now have a reconfigured 16-store network and a Food