Animoca Brands Annual Report 2020

The document is the FY2020 annual report of Animoca Brands Corporation Limited, an Australian-incorporated company with its principal office in Hong Kong, covering the financial year ended 31 December 2020. It contains the consolidated financial statements of the group and its controlled entities, directors' report, auditor's report from DFK Collins, and governance and shareholder information, with the directors' report and subsequent events extending to a 2023 signing date. The group describes its principal activities as developing, marketing and publishing mobile games and Apps, increasingly specialising in blockchain technologies.

For 2020, consolidated net loss after tax rose to $60,431,619 from $33,191,750 in 2019, which the report attributes largely to amortisation and impairment of intellectual property acquired through acquisitions. Consolidated revenue from operating activities was $28,315,385, up from $16,150,893. Deferred revenue increased from $6,946,881 to $27,889,956 over the year.

The auditor included a material uncertainty related to going concern, citing the group's loss, operating cash outflow and dependence on raising new equity funds and support from convertible note holders. Net liabilities at 31 December 2020 were $385,143, compared with net assets of $10,537,339 a year earlier.