COSOL : HY22 Appendix 4D and Half Year Financial Report

COSOL Limited

Appendix 4D

Half-year report

1. Company details

	Name of entity:	COSOL Limited
	ACN:	635 371 363
only	For the half-year ended 31 December 2021
	Reporting period:
	Previous period:	For the half-year ended 31 December 2020
	2. Results for announcement to the market
						$
	Revenues from ordinary activities		up	44.2%	to	22,569,124
use
	Profit from ordinary activities after tax attributable to the owners of
	COSOL Limited		up	40.9%	to	2,599,286
	Profit for the half-year attributable to the owners of COSOL Limited	up	40.9%	to	2,599,286
personal
	Dividends

The Directors have declared a $0.0092 interim dividend payable to all ordinary shareholders for the current financial year. The dividend will be fully franked. The record date for the entitlements to this dividend will be 31 March 2022 with the p yment 14 April 2022.

Comments

The profit for the consolidated entity after providing for income tax amounted to $2,599,286 (31 December 2020: $1,845,132).

3. Net tangible assets

			Reporting		Previous
			period		period
			Cents		Cents
	N t tangible assets per ordinary security	(4.91)	(0.47)
	4. Control gained over entities
For	Clarita Solutions Pty Ltd
	Name of entities (or group of entities)
	Date control gained	1 September 2021

5. Dividends

Current period

The Directors have declared a $0.0092 interim dividend payable to all ordinary shareholders for the current financial year. The dividend will be fully franked. The record date for the entitlements to this dividend will be 31 March 2022 with the payment 14 April 2022.

A final dividend for the year ended 30 June 2021 of 1 cent (2020: - cents) per ordinary share was paid on 29 October 2021 (record date 1 October 2021).

Date: 22 February 2022

COSOL Limited

Appendix 4D

Half-year report

Previous period

The Directors declared a 0.5 cent interim dividend payable to all ordinary shareholders for the previous financial half year. The dividend was fully franked. The record date for entitlements to this dividend was 31 March 2021 with payment on 15 April 2021.

only6. Foreign entities

Details of origin of accounting standards used in compiling the report:

The results for AddOns Inc are prepared in accordance with Australian Accounting Standards (AAS).

7. Audit qualification or review

useD tails of audit/review dispute or qualification (if any):

The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.

8. Attachments

personalDetails of attachments (if any):

The Interim Report of COSOL Limited for the half-year ended 31 December 2021 is attached.

9. Signed

_____________________

Signed

Geoffrey Lewis

ForChairman

onlyCOSOL Limited

useInterim Report - 31 December 2021

personalForACN 635 371 363

COSOL Limited Directors' report 31 December 2021

The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of COSOL Limited (referred to hereafter as the 'company' or 'parent entity') and the entities it controlled at the end of, or during, the half-year ended 31 December 2021.

onlyGeoffrey James Lewis (Chairman) Gerald Peter Strautins

Directors

The following persons were directors of COSOL Limited during the whole of the financial half-year and up to the date of this report, unless otherwise stated:

Grant Anthony Pestell

Stephen Edward Oliver Johnston

Benjamin Thomas Buckley (Managing Director)

Dividends

The Directors have declared a $0.0092 interim dividend payable to all ordinary shareholders for the current financial year. The dividend will be fully franked. The record date for entitlements to this dividend will be 31 March 2022 with the payment 14 April 2022.

Dividends paid during the financial half-year were as follows:
use	Consolidated
	For the half		For the half
	year ended		year ended
	31 December 31 December
	2021	2020
	$	$
Fi al dividend for the year ended 30 June 2021 of 1 cent (2020: - cents) per ordinary share	1,329,717	-
personal

Review of operations

The profit for the consolidated entity after providing for income tax amounted to $2,934,338 (31 December 2020: $1,845,132).

Revenue for the consolidated entity for the half year amounted to $22,565,486 (31 December 2020: $15,654,936)

Significant changes in the state of affairs

On 1 September 2021, the Company acquired Clarita Solutions Pty Ltd, a managed IT services, software and professional s rvices business based in Brisbane, Australia.

There were no other significant changes in the state of affairs of the consolidated entity during the financial half-year.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out Forimmediately after this directors' report.

1

COSOL Limited Directors' report 31 December 2021

This report is made in accordance with a resolution of directors, pursuant to section 306(3)(a) of the Corporations Act 2001.

On behalf of the directors

only ___________________________

Geoffrey Lewis useChairman

22 February 2022 personalFor

2