Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The Group recorded a loss after income tax and non-controlling interest of $7,414,000 (2021: $6,099,000); showed net cash outflow from investing activities of $15,000 (2021: $120,000) and net cash outflows from operating activities of $2,191,000 (2021: $614,000) and, as of that date, the Group's current liabilities exceeded its current assets by $23,789,000 (2021: current assets exceeded current liabilities by $2,846,000). The net liabilities of the Group as of 31 December 2022 were $12,979,000 (2021: $6,664,000).

Mitigation Strategies

• The Group plans to undertake further capital raising or realisation of assets during the next 12 months as needed; The Group holds the ability to reduce operating costs as needed and appropriate; Cash flow forecast, which incorporate expected additional capital injections, for the 12 months from the date of issue of these financial statements project that the Group will be able to operate as usual.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: AASB 134 'Interim Financial Reporting'

Third-party Assurance: Nexia Sydney Audit Pty Ltd

Environmental Metrics

ESG Focus Areas

• Sustainable Technology
• Innovation

Environmental Achievements

• Development of a flat opposed cylinder boxer-type engine adaptable to various fuels including Gasoline, LPG, CNG, and Hydrogen, targeting completion by end of 2023. The engine is designed to meet Euro 6d and China 6b emission standards with minimal add-on technologies.

Social Achievements

• 3DBT (subsidiary of BSFA) produced the UK's first structured cultivated meat fillet, showcasing innovation in sustainable food production.
• BSF Enterprise PLC (BSFA) raised £2.9 million to further develop cultivated meat fillets, expand City-Mix™ production, advance lab-grown leather products, and develop cornea solutions.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Challenging and dynamic financial year with market fluctuations and uncertainties.
• Share of losses of associates.
• Impairment loss of financial assets.
• Impairment of loan due from associate.
• Interest expenses and other finance costs.
• Expenses incurred for bulk sample pit operations.

Mitigation Strategies

• Demonstrated commitment to financial prudence by repaying $1.4 million of loan principal.
• Initiated a share buyback program.
• Principal investments displayed adaptability and perseverance.
• Successful testing of ASFTA's engine by prominent industry leaders.
• BSFA's successful fundraise of £2.9 million.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Flat opposed cylinder boxer-type engine

Awards & Recognition

• 3DBT voted ‘University Spinout of the Year’

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities