only

Appendix 4D

Half-Year Report for the period ended 31 December 2021

Name of Entity

Wide Open Agriculture Limited

ABN

86 604 913 822

Half Year Ended

31 December 2021

Previous Corresponding Reporting Period

31 December 2020

Results for Announcement to the Market

use

$'000

Percentage

increase/(decrease)

over previous

corresponding

period

Revenue from ordinary activities

3,972

127%

(Loss) from ordinary activities after tax attributable to

(5,317)

46%

members

personal

Net (loss) for the period attributable to members

(5,317)

46%

Dividends (distributions)

Amount per security

Franked amount per security

Final Dividend

It is not proposed to pay Dividends

Interim Dividend

It is not proposed to pay Dividends

Record date for determining entitlements to the dividends (if any)

Not Applicable

Review of Operations

Refer to Directors' Report included in the attached half-year financial report

Earnings Per Share

Current Period

Previous

corresponding

period

(Loss) per share (Basic & Diluted)

(4.49) cents

(3.87) cents

Net Tangible Assets per Security

Current Period

Previous

For

corresponding

period

Net tangible asset backing per ordinary security

20.62 cents

14.21 cents

The 31 December 2021 financial report dated 21 February 2022 forms part of and should be read in conjunction with the Half Year Report (Appendix 4D).

The report is based on financial statements reviewed by the auditor, a copy of which is attached. Signed in accordance with a resolution of Directors. On behalf of the Directors:

Ben Cole

Managing Director

For personal use only

WIDE OPEN AGRICULTURE LIMITED

ABN 86 604 913 822

CONSOLIDATED FINANCIAL REPORT

FOR THE HALF YEAR ENDED 31 DECEMBER 2021

For personal use only

WIDE OPEN AGRICULTURE LIMITED

ABN 86 604 913 822

CONTENTS

Corporate Directory

Director's Report

Consolidated Statement of Profit or Loss and Other Comprehensive Income Consolidated Statement of Financial Position

Consolidated Statement of Changes in Equity

Consolidated Statement of Cash Flows

Condensed Notes to the Consolidated Financial Statements Director's Declaration

Auditor's Independent Declaration

Independent Auditor's Review Report

1

2

6

7

8

10

11

18

19

20

CORPORATE DIRECTORY

For personal use only

DIRECTORS

SOLICITORS

Mr Anthony Maslin (Non-Executive Chairman)

Fairweather Corporate Lawyers

Dr Ben Cole (Managing Director)

595 Stirling Highway

Mr Stuart McAlpine (Non-Executive Director)

Cottesloe, Western Australia, 6011

Ms Elizabeth Brennan (Non-Executive Director)

Mr Ronnie Duncan (Non-Executive Director)

COMPANY SECRETARY

AUDITORS

Mr Sam Wright

RSM Australia Partners

Level 32, 2 The Esplanade

Perth, Western Australia, 6000

PRINCIPAL PLACE OF BUSINESS

1 Winton Street

SHARE REGISTRY

Kewdale, Western Australia, 6105

Link Market Services Limited

Email: info@wideopenagriculture.com.au

QV1 Building

Level 12, 250 St Georges Terrace

Perth, Western Australia, 6000

Telephone: +61 1300 554 474 (within Australia)

REGISTERED OFFICE

Suite 116, 1 Kyle Way

STOCK EXCHANGE

Claremont, Western Australia, 6010

Australian Securities Exchange

Telephone: +61 8 6161 7412

Central Park

152-158 St Georges Terrace

Perth Western Australia 6000

WEBSITE

www.wideopenagriculture.com.au

ASX CODE: WOA

1

For personal use only

WIDE OPEN AGRICULTURE LIMITED

ABN 86 604 913 822

FOR THE 6 MONTHS ENDED 31 DECEMBER 2021

DIRECTOR'S REPORT

Your directors present this report on Wide Open Agriculture Limited (the "Company" or "WOA") and its subsidiaries ("Consolidated Entity" or "Group") for the half year ended 31 December 2021.

DIRECTORS

The name of the directors in office at any time during, or since the end of the half year are: Ben Cole - Managing Director (appointed on 23 March 2015)

Anthony Maslin - Non-Executive Chairman (appointed on 23 March 2015)

Stuart McAlpine - Non-Executive Director (appointed 30 March 2016)

Elizabeth Brennan - Non-Executive Director (appointed 11 November 2019)

Ronnie Duncan - Non-Executive Director (appointed 03 December 2019)

COMPANY SECRETARY

Sam Wright (appointed on 28 September 2016)

2

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Wide Open Agriculture Ltd. published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 07:20:02 UTC.