31 Aug 2021

Extended Financial Reporting Deadline & Unaudited App 4E

Level 40, 40 William Street, Melbourne Victoria, Australia 3000 www.authorisedinvestment.com.au T: +61 3 9098 8624 31 August 2021 Extension of Reporting Deadline for Full-Year Financial Statements Authorised Investment Fund ( ASX: AIY ) ( the Company ) advises that the Company is relying on the Amended ASIC Relief (Extended Reporting and Lodgment Deadlines – Listed Entities) instrument 2020/451 and the ASX Class Waiver dated 3 May 2021 to extend the lodgment date for its audited full-year accounts required to be lodged with ASIC and ASX under section 320 of the Corporations Act 2001 (Cth) and Listing Rule 4.2B respectively. Under the relief, the deadline for lodgment of full-year year financial reports, including the directors’ reports and auditor’s reports, for entities with balance dates up to and including 7 July 2021 is extended by one month after full-year end. Accordingly, the Company will have an additional month in addition to the normal lodgment period to lodge its audited full-year financial statements for the year ended 30 June 2021. The Company will provide a further update ahead of the extended deadline if there is a material difference between its Appendix 4E (released on 31 August 2021) and its audited full-year financial statements by way of an ASX announcement on the ASX Market Announcements Platform. Authorised for release by the Board of Authorised Investment Fund Limited. Authorised Investment Fund Limited Appendix 4E Preliminary final report 1. Company details Name of entity: Authorised Investment Fund Limited ABN: 51 068 793 322 Reporting period: For the year ended 30 June 2021 Previous period: For the year ended 30 June 2020 2. Results for announcement to the market $ Revenues from ordinary activities up 11594.7% to 2,222 Loss from ordinary activities after tax attributable to the owners of Authorised Investment Fund Limited down 84.8% to (1,662,099) Loss for the year attributable to the owners of Authorised Investment Fund Limited down 84.8% to (1,662,099) Dividends There were no dividends paid, recommended or declared during the current financial period. Comments The loss for the company after providing for income tax amounted to $1,662,099 (30 June 2020: $10,954,929). 3. Net tangible assets Reporting period Previous period Cents Cents Net tangible assets per ordinary security 1.03 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. 7. Dividend reinvestment plans Not applicable. Authorised Investment Fund Limited Appendix 4E Preliminary final report 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 financial statements have not been audited 11. Attachments Details of attachments (if any): The Preliminary Report of Authorised Investment Fund Limited for the year ended 30 June 2021 is attached. 12. Signed Signed ___________________________ Date: 24 August 2021 Authorised Investment Fund Limited ABN 51 068 793 322 Preliminary Report - 30 June 2021 Authorised Investment Fund Limited Statement of profit or loss and other comprehensive income For the year ended 30 June 2021 Note 2021 2020 $ $ The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 7 Revenue Interest revenue calculated using the effective interest method 2,222 19 Other income 52,164 - Professional fees 35,000 - Expenses Administration and other expenses (110,083) (509,095) Fair value loss of investments 2 (1,641,402) (10,445,853) Loss before income tax expense (1,662,099) (10,954,929) Income tax expense - - Loss after income tax expense for the year attributable to the owners of Authorised Investment Fund Limited (1,662,099) (10,954,929) Other comprehensive income for the year, net of tax - - Total comprehensive income for the year attributable to the owners of Authorised Investment Fund Limited (1,662,099) (10,954,929) Cents Cents Basic earnings per share (0.39) (2.60) Diluted earnings per share (0.39) (2.60) Authorised Investment Fund Limited Statement of financial position As at 30 June 2021 Note 2021 2020 $ $ The above statement of financial position should be read in conjunction with the accompanying notes 8 Assets Current assets Cash and cash equivalents 739 3,192 Trade and other receivables 1 11,825 825 Other 3,000 - Total current assets 15,564 4,017 Non-current assets Financial assets at fair value through profit or loss 2 2,912,378 4,553,780 Total non-current assets 2,912,378 4,553,780 Total assets 2,927,942 4,557,797 Liabilities Current liabilities Trade and other payables 3 132,545 165,721 Borrowings 4 75,062 9,642 Total current liabilities 207,607 175,363 Total liabilities 207,607 175,363 Net assets 2,720,335 4,382,434 Equity Issued capital 24,154,497 24,154,497 Accumulated losses (21,434,162) (19,772,063) Total equity 2,720,335 4,382,434 Authorised Investment Fund Limited Statement of changes in equity For the year ended 30 June 2021 The above statement of changes in equity should be read in conjunction with the accompanying notes 9 Issued Accumulated capital losses Total equity $ $ $ Balance at 1 July 2019 24,154,497 (8,817,134) 15,337,363 Loss after income tax expense for the year - (10,954,929) (10,954,929) Other comprehensive income for the year, net of tax - - - Total comprehensive income for the year - (10,954,929) (10,954,929) Balance at 30 June 2020 24,154,497 (19,772,063) 4,382,434 Issued Accumulated capital losses Total equity $ $ $ Balance at 1 July 2020 24,154,497 (19,772,063) 4,382,434 Loss after income tax expense for the year - (1,662,099) (1,662,099) Other comprehensive income for the year, net of tax - - - Total comprehensive income for the year - (1,662,099) (1,662,099) Balance at 30 June 2021 24,154,497 (21,434,162) 2,720,335 Authorised Investment Fund Limited Statement of cash flows For the year ended 30 June 2021 2021 2020 $ $ The above statement of cash flows should be read in conjunction with the accompanying notes 10 Cash flows from operating activities Interest received 2,222 19 Other income 52,164 - Payments to suppliers (inclusive of GST) (143,258) (267,738) Prepayments (3,000) - Professional fees 24,000 - Receipt from refund of security deposits - 39,600 Net cash used in operating activities (67,872) (228,119) Cash flows from investing activities Payments for investments - (28,000) Net cash used in investing activities - (28,000) Cash flows from financing activities Receipts from related parties 34,320 241,864 Receipts from directors loans 31,099 9,642 Net cash from financing activities 65,419 251,506 Net decrease in cash and cash equivalents (2,453) (4,613) Cash and cash equivalents at the beginning of the financial year 3,192 7,805 Cash and cash equivalents at the end of the financial year 739 3,192 Authorised Investment Fund Limited Notes to the financial statements 30 June 2021 11 Note 1. Current assets - trade and other receivables 2021 2020 $ $ Trade receivables 11,000 - Receivable from related party 825 825 11,825 825 Note 2. Non-current assets - financial assets at fair value through profit or loss 2021 2020 $ $ Listed investments 386,670 860,722 Unlisted investments 2,525,708 3,693,058 2,912,378 4,553,780 Reconciliation Reconciliation of the fair values at the beginning and end of the current and previous financial year are set out below: Opening fair value 4,553,780 14,971,633 Additions - 28,000 Revaluation decrements (1,641,402) (10,445,853) Closing fair value 2,912,378 4,553,780 Note 3. Current liabilities - trade and other payables 2021 2020 $ $ Trade payables 11,322 - BAS payable 121,223 165,721 132,545 165,721 Note 4. Current liabilities - borrowings 2021 2020 $ $ Related party loan Endless Solar Corporation 34,320 - Payable to directors 40,742 9,642 75,062 9,642
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