Lark Distilling : Appendix 4D & Half Yearly Report and Accounts

Lark Distilling Co. Ltd

Appendix 4D

Half-year report

1. Company details

	Name of entity:	Lark Distilling Co. Ltd
	ABN:	62 104 600 544
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	77.7%	to	12,962,705
use
	Profit from ordinary activities after tax attributable to the owners of Lark
	Distilling Co. Ltd	down	86.4%	to	73,819
	Profit for the half-year attributable to the owners of Lark Distilling Co. Ltd down	86.4%	to	73,819
			Cents per	Cents per
				share	share
	Basic earnings / (loss) per share			0.11	0.92
personal			0.10	0.86
	Di uted earnings / (loss) per share

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The profit for the group after providing for income tax and amounted to $73,819 (31 December 2020: $542,436).

3.	Net tangible assets
			Reporting		Previous
			period		period
			Cents		Cents
	N	t tangible assets per ordinary security	125.62	56.63
4.	Control gained over entities
	Not applicable.
5.	L ss of control over entities
	Not applicable.
For
6.	Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

Lark Distilling Co. Ltd

Appendix 4D

Half-year report

7. Details of associates and joint venture entities

Not applicable.

only8. Foreign entities

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

Not applicable.

9. 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.

10. Attachments
Details of attachments (if any):
personalFor
The Interim Report of Lark Distilling Co. Ltd for the half-year ended 31 December 2021 is attached.
11. Signed
Signed ___________________________	Date: 28 February 2022
David Dearie
Chairman

onlyLark Distilling Co. Ltd

ABN 62 104 600 544

useInterim Report - 31 December 2021 personalFor

Lark Distilling Co. Ltd Corporate directory 31 December 2021

Directors

onlyCompany secretary Chief Financial Officer Registered office

usePrincipal place of business

Auditor

personalStock exchange listing For

Mr David Dearie (Non-Executive Chairman)

Mr Geoff Bainbridge (Managing Director) - Resigned on 16 February 2022 Mr Warren Randall (Non-Executive Director)

Ms. Laura McBain (Non-Executive Director) - appointed interim Managing Director on 16 February 2022

Melanie Leydin

Alex Aleksic

Level 1

30 Argyle Street

Hobart TAS 7000

Level 1

30 Argyle Street

Hobart TAS 7000

Deloitte

Level 8

22 Elizabeth Street

Hobart TAS 7000

Lark Distilling Co. Ltd shares are listed on the Australian Securities Exchange (ASX code: LRK)

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Lark Distilling Co. Ltd Directors' report

31 December 2021

The directors present their report, together with the interim financial statements, on the consolidated entity (referred to hereafter as the 'group') consisting of Lark Distilling Co. Ltd (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.

onlyDirectors

The following persons were directors of Lark Distilling Co. Ltd during the whole of the financial half-year and up to the date of this report, unless otherwise stated:

Mr David Dearie (Non-Executive Chairman)

Mr Geoff Bainbridge (Managing Director) - Resigned on 16 February 2022

Mr Warren Randall (Non-Executive Director)

Ms. Laura McBain (Non-Executive Director) - appointed interim Managing Director on 16 February 2022

Principal activities

useThe principal activities of the Group during the half year ended 31 December 2021 were in the in the production, marketing, sale and distribution of Australian craft spirits.

Dividends

There were no dividends paid, recommended or declared during the current or previous financial half-year.

Significant changes in the state of affairs

On 18 October Lark Distilling Co. Ltd announced that it has entered into a binding agreement for the acquisition of Kernke

Family Shene Estate Pty Ltd, the owner of the Pontville Distillery and Estate ('the Acquisition'), the construction of a new 1 personalmi ion litre distillery on the acquired land and the acceleration of Lark's export strategy.

On 19 October 2021, Lark Distilling Co. Ltd successfully raised $46.5 million through the issue of approximately 9.3 million new shares via an institutional placement.

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

Matters subsequent to the end of the financial half-year

Mr Geoff Bainbridge, Managing Director and CEO, resigned on 16 February 2022 and Ms Laura McBain, Non-Executive Director, assumed the role of interim Managing Director.

On 2 February 2022 the acquisition of Pontville Distillery and Estate was completed.

No other matter or circumstance has arisen since 31 December 2021 that has significantly affected, or may significantly aff ct the group's operations, the results of those operations, or the group's state of affairs in future financial years.

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 immediately after this directors' report.

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

___________________________

David Dearie Chairman

28 February 2022

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