CropLogic : Half Yearly Report and Accounts

CropLogic Limited

ARBN: 619 330 648 / NEW ZEALAND COPMANY NUMBER 3184550

ASX APPENDIX 4D

RESULTS FOR ANNOUNCEMENT TO THE MARKET FOR THE SIX MONTHS ENDED

30 SEPTEMBER 2021

For personal use only

The following information should be read in conjunction with the Interim Report of CropLogic Limited for the half-year ended 30 September 2021 and the attached auditors' review report.

The Appendix 4D is prepared in accordance with ASX Listing Rule 4.2A.

1. Reporting periods
   Reporting period: Half-year from 1 April 2021 to 30 September 2021.
   Previous corresponding period: Half-year from 1 April 2020 to 30 September 2020.
2. Results for announcement to the market

			%	$A
	Revenue and other income	down	-98%	7,859
	Profit from ordinary activities after tax attributable to members	down	-211%	(273,767)
	Profit for the period attributable to members	down	-211%	(273,767)
	The comprehensive loss for the Group amounts to $273,767.
3 Net tangible asset backing		Reporting period	Previous period
	Net tangible liabilities per ordinary security (cents)		-0.05	-0.21

4 Controlled entities

Details of entities over which control has been gained or lost during the period.

					Proportion of ownership interest and
			Place of incorporation		voting power held by the Group
	Principal activity		& operation		30-Sep-21		30-Sep-20
Parent Entity
CropLogic Limited	Holding company		New Zealand		100%		100%
Name of Controlled Entity
Indigo Systems Limited	Telemetry		New Zealand		100%		100%
CropLogic Australia PTY LTD	Agtech Services		Australia		100%		100%

1. Details of associates and joint venture entities There are no associates or joint venture entities.
2. Dividends or distributions
   No dividends were paid or declared during the period.
3. Independent review report
   Refer to the independent review report within the attached interim financial statements for the half year ended 30 September 2021.
4. Compliance statement
   This report should be read in conjunction with the attached interim financial statements for the half year ended 30 September 2021. On behalf of the directors
   Peter Gray Non-executive Director
   Date: 20 December 2021
   Place: Perth, Western Australia

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For personal use only

DIRECTORS' REPORT

Directors' Report

CropLogic Limited

Half year ending 30 September 2021

The directors submit their report, together with the financial statements for CropLogic Limited (the "Company" or "CropLogic") for the half-year ended 30 September 2021.

Directors

The names of directors who held office during the half year and until the date of this report are set out below.

Mr. Steven Wakefield - Chairman/Non-executive Director (Resigned 2 August 2021)

Mr. Peter Roborgh - Non-executive Director (Resigned 2 August 2021)

Mr. Stephen Silver - Non-executive Director (Resigned 8 November 2021)

Mr Peter Gray - Non-executive Director (Appointed 2 August 2021)

Mr Simon Andrew - Non-executive Director (Appointed 2 August 2021)

Mr Sean Delaney - Non-executive Director (Appointed 9 November 2021)

Principal Activities

Following the cessation of its active conduct of business operations in July 2020, the Company's securities have been suspended from trading on ASX. The suspension will continue until the Company concludes the current negotiations to acquire mining assets and subsequent recapitalisation as announced on 7 December 2021.

Review of Operations

The Board is continuing to actively review new business opportunities for the Company. The Directors have been pleased with the quality of opportunities that have been sourced for review to date, and draw your attention to the ASX Announcement on 7 December 2021 in relation to the binding agreement to acquire 100% of the issued capital of Rocktivity Gold Pty Ltd.

Significant Changes in the State of Affairs

Other than as noted above, there have been no significant changes in the state of affairs of the Company during the six-month financial period ending 30 September 2021.

On behalf of the directors

Peter Gray

Non-executive Director

Date: 20 December 2021

Place: Perth, Australia

Page 2

CropLogic Limited

Consolidated Statement of Profit or Loss and Other Comprehensive Income For the half-year ended 30 September 2021

For personal use only

	Note
Revenue	3
Other income
Total Revenue

Operational expenses

General & administrative expenses

Other gains/(losses)

Finance costs

Profit/(Loss) before tax

Taxation expense

Profit/(Loss) for the period

Items that may be reclassified to profit or loss

Foreign exchange translation differences for foreign operations

Other comprehensive income for the period

Total comprehensive income/(loss) for the period

From continuing operations

• Basic (cents per share)
• Diluted (cents per share)

Unaudited		Unaudited
30-Sep-21		30-Sep-20
$	$
-	2,185
7,859	438,769
7,859		440,954
-	(137,913)
(281,074)	(54,040)
(552)	(1,374)
-	(39)
(273,767)		247,588
-	-
(273,767)	247,588
-	114,805
-		114,805
(273,767)	362,393
(0.034)	0.032
(0.034)	0.032

The above consolidated statement of profit or loss and other comprehensive income should be read in conjuction

with the accompanying notes.

Page 3

For personal use only

CropLogic Limited

Consolidated Statement of Financial Position
As at 30 September 2021		Unaudited		Audited
	Note	30-Sep-21		31-Mar-21
		$	$
Equity	7
Share capital	28,011,844	28,011,844
Accumulated losses		(28,444,993)	(28,171,226)
Reserves		3,571		3,571
Total Equity		(429,578)	(155,811)
Represented by:
Current assets
Cash & cash equivalents		13,092	19,810
Trade & other receivables		-	5,629
Total Current Assets		13,092		25,439
Current liabilities
Trade & other payables	6	86,198	-
Borrowings	159,272	-
Other current liabilities	5	197,200	55,000
Total Current Liabilities		442,670		55,000
Working Capital		(429,578)	(29,561)
Non Current Liabilities	6
Long Term Borrowings	-	126,250
Total Non Current Liabilities		-		126,250
Net Assets
	(429,578)	(155,811)

The above conslidated statement of financial position should be read in conjuction with the accompanying notes. 4

CropLogic Limited

Consolidated Statement of Changes in Equity

For the half-year ended 30 September 2021

only

Issued capital	Accumulated	Share based	Foreign currency	Total equity
losses payment reserve	translation reserve
$	$	$	$	$

use

Balance at 1 April 2020

Loss for the period

Other comprehensive income for the period Total comprehensive loss

Transactions with owners in their capacity as owners: Contributions of equity (net of transaction costs)

Balance at 30 September 2020

21,554,462	(30,047,712)	1,588,876	(1,630,518)	(8,534,892)
-	247,588	-	-	247,588
-	-	-	114,805	114,805
-	247,588	-	114,805	362,393
6,457,382	-	-	-	6,457,382
6,457,382	-	-	-	6,457,382
28,011,844	(29,800,124)	1,588,876	(1,515,713)	(1,715,117)

r personal

Balance at 1 April 2021	28,011,844	(28,171,226)	1,588,876	(1,585,305)	(155,811)
Profit for the period	-	(273,767)	-	-	(273,767)
Other comprehensive income for the period	-	-	-	-	-
Total comprehensive income	-	(273,767)	-	-	(273,767)
Balance at 30 September 2021
28,011,844	(28,444,993)	1,588,876	(1,585,305)	(429,578)

The above consolidated statement of changes in equity should be read in conjuction with the accompanying notes

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