Asset Resolution : Half Yearly Statement December 2021

FORM: Half yearly/preliminary final report

Name of issuer

ASSET RESOLUTION LIMITED

ACN or ARBN

Half yearly

Preliminary

Half

year/financial year

ended

(tick)

final (tick)

('Current period')

159 827 871

√

31 DECEMBER 2021

For announcement to the market

Extracts from this statement for announcement to the market (see note 1).

$A,000

Revenue (item 1.1)

up/down

81%

to

1,113

Profit for the period (item 1.9)

up/down

88%

to

684

Profit for the period attributable to

up/down

88%

to

684

members of the parent (item 1.11)

Dividends

Current period

Previous corresponding

period

Franking rate applicable:

n/a

n/a

Final dividend (preliminary final report only)(item 10.13-

n/a

n/a

10.14)

Amount per security

Franked amount per security

Interim dividend (Half yearly report only) (item 10.11 -

n/a

n/a

10.12)

Amount per security

Franked amount per security

Short details of any bonus or cash issue or other item(s) of importance not previously released to the market:

n/a

Annual meeting

(Preliminary final statement only)

The annual meeting will be held as follows:

Place

Date

Time

Approximate date the annual report will be available

Compliance statement

1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to the Exchange (see note 13).

Identify other standards used	N/A

1. This statement, and the financial statements under the Corporations Act (if separate), use the same accounting policies.
2. This statement does/does not*(delete one) give a true and fair view of the matters disclosed (see note 2).
3. This statement is based on financial statements to which one of the following applies:

√	The financial statements have been		The financial statements have been
	audited.		subject to review by a registered auditor (or
			overseas equivalent).
	The financial statements are in the		The financial statements have not yet been
	process of being audited or subject to		audited or reviewed.
	review.

1. If the accounts have been or are being audited orsubject to review and the audit report is not attached, details of any qualifications are attached/will follow immediately they are available*(delete one). (Half yearly statement only - the audit report must be attached to this statement if the statement is to satisfy the requirements of the Corporations Act.) Auditors Review Report is part of the lodged Interim Report
2. The issuer has/does not have* (delete one) a formally constituted audit committee.

Sign here: ......................................................	Date: 9 March 2022
(Company secretary)
Print name: Victoria Allinson

Notes

1. For announcement to the market The percentage changes referred to in this section are the percentage changes calculated by comparing the current period's figures with those for the previous corresponding period. Do not show percentage changes if the change is from profit to loss or loss to profit, but still show the amount of the change up or down. If changes in accounting policies or procedures have had a material effect on reported figures, do not show either directional or percentage changes in profits. Explain the reason for the omissions in the note at the end of the announcement section. Issuers are encouraged to attach notes or fuller explanations of any significant changes to any of the items in page 1. The area at the end of the announcement section can be used to provide a cross reference to any such attachment.
2. True and fair view If this statement does not give a true and fair view of a matter (for example, because compliance with an Accounting Standard is required) the issuer must attach a note providing additional information and explanations to give a true and fair view.
3. Consolidated statement of financial performance

Item 1.1	The definition of "revenue" is set out in AASB 118: Revenue
Item 1.6	This item refers to the total tax attributable to the amount shown in item 1.5.
	Tax includes income tax and capital gains tax (if any) but excludes taxes
	treated as expenses from ordinary activities (eg. fringe benefits tax).

1. Income tax If the amount provided for income tax in this statement differs (or would differ but for compensatory items) by more than 15% from the amount of income tax prima facie payable on the profit before tax, the issuer must explain in a note the major items responsible for the difference and their amounts. The rate of tax applicable to the franking amount per dividend should be inserted in the heading for the column "Franking rate applicable" for items in section 9.
2. Consolidated statement of financial position
   Format The format of the consolidated statement of financial position should be followed as closely as possible. However, additional items may be added if greater clarity of exposition will be achieved, provided the disclosure still meets the requirements of AASB 134: Interim Financial Reporting, and AASB 101: Presentation of Financial Statements. Banking institutions, trusts and financial institutions may substitute a clear liquidity ranking for the Current/Non-Current classification.
   Basis of revaluation If there has been a material revaluation of non-current assets (including investments) since the last annual report, the issuer must describe the basis of revaluation adopted. The description must meet the requirements of AASB 116: Property, Plant and Equipment. If the issuer has adopted a procedure of regular revaluation, the basis for which has been disclosed and has not changed, no additional disclosure is required.
3. Consolidated statement of cash flows For definitions of "cash" and other terms used in this statement see AASB 107: Cash Flow Statements. Issuers should follow the form as closely as possible, but variations are permitted if the directors (in the case of a trust, the management company) believe that this presentation is inappropriate. However, the presentation adopted must meet the requirements of AASB 107.
4. Net tangible asset backing Net tangible assets are determined by deducting from total tangible assets all claims on those assets ranking ahead of the ordinary securities (i.e. all liabilities, preference shares, outside equity interests, etc). Mining issuers are not required to state a net tangible asset backing per ordinary security.

8. Gain and loss of control over entities The gain or loss must be disclosed if it has a material effect on the consolidated financial statements. Details must include the contribution for each gain or loss that increased or decreased the issuer's consolidated operating profit (loss).