Overview of BrainChip Holdings preliminary final report

BrainChip Holdings Ltd (ASX: $BRN) has reported its preliminary final report for the current reporting period ending 31 December 2023. The company's functional currency is in US dollars. The report includes the recognition of a non-cash loss from financial assets measured at fair value through profit and loss of $364,248, resulting from the discount to the market price provided to LDA Capital Limited and LDA Capital LLC. Further details and commentary can be found in the accompanying Annual Report within the Directors Report and the Consolidated Financial Statements. The report has been prepared using Australian Accounting Standards and has been audited by HLB Mann Judd (WA) Partnership with an unqualified audit report.

Executive commentary on the preliminary final report

The preliminary final report reflects the non-cash loss from financial assets and the absence of dividends paid or proposed by BrainChip Holdings Ltd for the year ended 31 December 2023. The report also confirms that there was no control gained or lost over entities by BrainChip Holdings Ltd or its subsidiaries during the financial year. Additionally, the report states that the Group has no interests in associates or joint venture entities. The use of Australian Accounting Standards and the unqualified audit report from HLB Mann Judd (WA) Partnership further underlines the transparency and compliance of the report.

Summary of BrainChip Holdings preliminary final report

BrainChip Holdings Ltd (ASX: $BRN) has released its preliminary final report for the year ended 31 December 2023. The report includes the recognition of a non-cash loss from financial assets measured at fair value through profit and loss of $364,248, as well as the absence of dividends paid or proposed for the year. It also confirms that there was no control gained or lost over entities by BrainChip Holdings Ltd or its subsidiaries, and the Group has no interests in associates or joint venture entities. The report has been prepared using Australian Accounting Standards and has been audited by HLB Mann Judd (WA) Partnership with an unqualified audit report, ensuring transparency and compliance. The company's functional currency is in US dollars, and further details and commentary can be found in the accompanying Annual Report within the Directors Report and the Consolidated Financial Statements.