1、3P Learning Limited Appendix 4E Preliminary final report 1.Company detailsName of entity:3P Learning Limited ABN:50 103 827 836 Reporting period:For the year ended 30 June 2020 Previous period:For the year ended 30 June 2019 2.Results for announcement to the market$000 Revenues from ordinary activit
2、ies up 1.0%to 54,955 Profit from ordinary activities after tax attributable to the owners of 3P Learning Limited down 73.8%to 1,550 Profit for the year attributable to the owners of 3P Learning Limited down 73.8%to 1,550 The Group has adopted Accounting Standard AASB 16 Leases and AASB Interpretatio
3、n 23 Uncertainty over Income Tax Treatments for the year ended 30 June 2020.The Accounting Standard was adopted using the modified retrospective approach and as such the comparatives have not been restated.Refer note 2 of the financial statements for further details.Dividends There were no dividends
4、 paid,recommended or declared during the current financial year.Comments The profit for the Group after providing for income tax amounted to$1,550,000(30 June 2019:$5,911,000).Refer to Operating and financial review in the Directors Report for detailed commentary in relation to the results for the y
5、ear.3.Net tangible assetsReporting period Previous period Cents Cents Net tangible assets per ordinary security 1.84 3.64 As noted above,the Group has adopted the Accounting Standard AASB 16 Leases for the year ended 30 June 2020 using the modified retrospective approach.In accordance with ASIC guid
6、ance 19-341MR Financial reporting focuses for 31 December 2019,the 30 June 2020 balance of right-of-use assets amounting to$2,841,000 have been excluded from the calculation of net tangible assets,however lease receivables of$1,758,000 and lease liabilities of$4,844,000 arising in a similar way have