26 Feb 2021

Appendix 4D and Preliminary Half-Year Report

Authorised Investment Fund Limited Appendix 4D Half - year report 1. Company details Name of entity: Authorised Investment Fund Limited ABN: 51 068 793 322 Reporting period: For the half - year ended 31 December 2020 Previous period: For the half - year ended 31 December 2019 2. Results for announcement to the market $ Revenues from ordinary activities up 7938500.0 % to 79,386 Profit from ordinary activities after tax attributable to the owners of Authorised Investment Fund Limited up 109.2% to 908,837 Profit for the half - year attributable to the owners of Authorised Investment Fund Limited up 109.2% to 908,837 Dividends There were no dividends paid, recommended or declared during the current financial period. Comments The profit for the consolidated entity after providing for income tax amounted to $908,837 (31 December 2019: loss of $9,860,764). 3. Net tangible assets Reporting period Previous period Cents Cents Net tangible assets per ordinary security 1.25 1.04 4. Control gained over entities Not applicable. 5. Loss of control over entities Not applicable. 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. Authorised Investment Fund Limited Appendix 4D Half - year report 7. Dividend reinvestment plans Not applicable. 8. Details of associates and joint venture entities Not applicable. 9. Foreign entities Details of origin of accounting standards used in compiling the report: Not applicable. 10. Audit qualification or review Details of audit/review dispute or qualification (if any): The attached final information is unaudited. 11. Attachments Details of attachments (if any): The Preliminary Half Year Report of Authorised Investment Fund Limited for the half - year ended 31 December 2020 is attached. 12. Signed Signed ___________________________ Date: 26 February 2021 Authorised Investment Fund Limited ABN 51 068 793 322 Preliminary Half Year Report - 31 December 2020 Authorised Investment Fund Limited Statement of profit or loss and other comprehensive income For the half - year ended 31 December 2020 Consolidated Note Dec 20 Dec 19 $ $ The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 1 Revenue 1 77,164 - Other income 2 883,380 - Interest revenue calculated using the effective interest method 2,222 1 Expenses Administration and other expenses (53,929) (447,922) Fair value loss on investments - (9,412,843) Profit/(loss) before income tax expense 908,837 (9,860,764) Income tax expense - - Profit/(loss) after income tax expense for the half - year attributable to the owners of Authorised Investment Fund Limited 908,837 (9,860,764) Other comprehensive income for the half - year, net of tax - - Total comprehensive income for the half - year attributable to the owners of Authorised Investment Fund Limited 908,837 (9,860,764) Cents Cents Basic earnings per share 0.214 (2.337) Diluted earnings per share 0.214 (2.337) Authorised Investment Fund Limited Statement of financial position As at 31 December 2020 Consolidated Note Dec 20 Jun 2020 $ $ The above statement of financial position should be read in conjunction with the accompanying notes 2 Assets Current assets Cash and cash equivalents 10,707 3,192 Trade and other receivables 6,325 825 Total current assets 17,032 4,017 Non - current assets Financial assets at fair value through profit and loss 3 5,437,160 4,553,780 Total non - current assets 5,437,160 4,553,780 Total assets 5,454,192 4,557,797 Liabilities Current liabilities Trade and other payables 129,818 165,721 Borrowings 33,103 9,642 Total current liabilities 162,921 175,363 Total liabilities 162,921 175,363 Net assets 5,291,271 4,382,434 Equity Issued capital 24,154,497 24,154,497 Accumulated losses (18,863,226) (19,772,063) Total equity 5,291,271 4,382,434 Authorised Investment Fund Limited Statement of changes in equity For the half - year ended 31 December 2020 The above statement of changes in equity should be read in conjunction with the accompanying notes 3 Issued Accumulated Total equity capital losses Consolidated $ $ $ Balance at 1 July 2019 24,154,497 (8,817,134) 15,337,363 Loss after income tax expense for the half - year - (9,860,764) (9,860,764) Other comprehensive income for the half - year, net of tax - - - Total comprehensive income for the half - year - (9,860,764) (9,860,764) Balance at 31 December 2019 24,154,497 (18,677,898) 5,476,599 Issued Accumulated Total equity capital losses Consolidated $ $ $ Balance at 1 July 2020 24,154,497 (19,772,063) 4,382,434 Profit after income tax expense for the half - year - 908,837 908,837 Other comprehensive income for the half - year, net of tax - - - Total comprehensive income for the half - year - 908,837 908,837 Balance at 31 December 2020 24,154,497 (18,863,226) 5,291,271 Authorised Investment Fund Limited Statement of cash flows For the half - year ended 31 December 2020 Consolidated Dec 20 Dec 19 $ $ The above statement of cash flows should be read in conjunction with the accompanying notes 4 Cash flows from operating activities Receipts from customers (inclusive of GST) 19,500 - Interest received 1 1 Payments to suppliers and employees (inclusive of GST) (35,447) (156,928) Net cash used in operating activities (15,946) (156,927) Net cash from investing activities - - Cash flows from financing activities Proceeds from related parties 23,461 164,713 Net cash from financing activities 23,461 164,713 Net increase in cash and cash equivalents 7,515 7,786 Cash and cash equivalents at the beginning of the financial half - year 3,192 7,805 Cash and cash equivalents at the end of the financial half - year 10,707 15,591 Authorised Investment Fund Limited Notes to the financial statements 31 December 2020 5 Note 1. Revenue Consolidated Dec 20 Dec 19 $ $ Revenue from contracts with customers Sales - professional fees 25,000 - Other revenue Other revenue 52,164 - Revenue 77,164 - Disaggregation of revenue The disaggregation of revenue from contracts with customers is as follows: Consolidated Dec 20 Dec 19 $ $ Major product lines Professional fees 25,000 - Geographical regions Australia 25,000 - Timing of revenue recognition Services transferred over time 25,000 - Note 2. Other income Consolidated Dec 20 Dec 19 $ $ Net fair value gain on investments 883,380 - Note 3. Non - current assets - financial assets at fair value through profit and loss Consolidated Dec 20 Jun 2020 $ $ Listed investment 386,670 860,722 Unlisted investments 5,050,490 3,693,058 5,437,160 4,553,780

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