Australian unlisted public companies Johnson Matthey Holdings Limited and Johnson Matthey (Aust.) Limited have been fined a total of $10,000 for failing to lodge their annual financial reports.

On 30 January 2015 at the Melbourne Magistrates’ Court, the companies pleaded guilty and were convicted in relation to six ASIC charges for failing to lodge their annual financial reports for the years ended 31 March 2008, 31 March 2011, 31 March 2012 and 31 March 2013.

Johnson Matthey Holdings Limited also pleaded guilty and was convicted of one ASIC charge for failing to comply with a court order to lodge its 31 March 2011 financial report.

The companies are primarily concerned with the manufacture of precious metal products and as Australian unlisted public companies, required to lodge financial reports within 4 months after the end of their financial years.

ASIC Commissioner Greg Tanzer said, ‘Entities required to lodge annual reports with ASIC must ensure they comply with their obligations. Annual reports can assist a range of consumers including investors and creditors to make informed decisions. The reports are an important part of ensuring the integrity of our market.’