AssetOwl : Appendix 4E 30 June 2017

Appendix 4E Preliminary final report Part 1 - Details of Entity, Reporting Period

Name of Entity	AssetOwl Limited
ABN	12 122 727 342
Financial Year Ended	12 months ended 30 June 2017
Previous Corresponding Reporting Period	12 months ended 30 June 2016

Part 2 - Results for Announcement to the Market

$	Percentage increase/ (decrease) over previous corresponding period
Revenue from ordinary activities	15,700	2,254%
Loss from ordinary activities after tax attributable to members	(1,405,763)	171%
Net loss attributable to members	(1,405,763)	171%

Dividends (distributions)	Amount per security	Franked amount per security
Final Dividend	Nil	Nil
Interim Dividend	Nil	Nil
Record date for determining entitlements to the dividends (if any)	Not Applicable

Brief explanation of any of the figures reported above necessary to enable the figures to be understood:

The increase in quantum of the Company's revenue and loss has arisen from the Company's acquisition of AssetOwl Technologies Pty Ltd on the 23rd of December 2017, from this date, the Company's focus changed from an exploration Company to a technology and software development Company.

Following a change in accounting policy, the carrying value of Exploration and Evaluation assets in the prior year has been transferred to the retained earnings. During the year, Exploration and Evaluation expenditure amount of $41,995 (2016: 92,680) has been recognised in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. The values disclosed for the 2016 Consolidated Statement of Profit or Loss and Other Comprehensive Income and Consolidated Statement of Financial Position reflect this change in accounting policy.

In the prior year the company had $667 interest revenue; the above revenue amount is interest revenue and has arisen due to a higher average bank balance in the year compared to the prior year, as a result of funds raised in a capital raising which was completed on the 23rd of December 2016.

The Company's reported net loss for the period includes R&D incentive of $514,722 and 'change in fair value of contingent consideration payable' of a gain of $387,620. Items of this nature did not exist in the comparative period.

Part 3 - Contents of ASX Appendix 4E
Part 1	Details of entity, reporting period
Part 2	Results for announcement to the market
Part 3	Contents of ASX Appendix 4E
Part 4	Consolidated Statement of Profit or Loss and Other Comprehensive Income
Part 5	Consolidated Statement of Financial Position
Part 6	Consolidated Accumulated Loss
Part 7	Consolidated Statement of Cash Flows
Part 8	Basis of Preparation
Part 9	Commentary on results
Part 10	Notes to the Consolidated Statement of Cash Flows
Part 11	Details relating to Dividends
Part 12	Loss per Share
Part 13	Net Tangible Assets per Security
Part 14	Details of entities over which control has been gained or lost
Part 15	Research and Development
Part 16	Trade and Other Receivables
Part 17	Property, Plant and Equipment
Part 18	Intangible Assets
Part 19	Financial Liabilities Through Profit or Loss
Part 20	Details of associates and joint venture entities
Part 21	Issued Securities
Part 22	Segment Information
Part 23	Change in Accounting Policy
Part 24	Subsequent Events
Part 25	Information on Audit or Review

Part 4 - Consolidated Statement of Profit or Loss and Other Comprehensive Income

Parts	2017 ($)	2016 ($) restated
OTHER INCOME
Interest	15,700	667
R&D tax incentive benefit	15	514,722	-
Change in Fair Value Contingent Consideration payable	19	387,620	-
EXPENSES
Accounting and Audit expenses	(89,751)	(28,602)
Legal expenses	(223,605)	(78,681)
Corporate and administrative expenses	(171,914)	(145,167)
Professional consultant and contractor fees	(230,291)	(26,042)
Employee benefit expenses	(206,638)	(133,536)
Research expenses	(1,253,584)	-
Depreciation and amortisation	(18,699)	-
Exploration expenditure	(41,995)	(92,680)
Tenements administration expenses	(15,995)	(2,420)
Other expenses from ordinary activities	(71,333)	(13,657)
LOSS BEFORE INCOME TAX	(1,405,763)	(520,118)
Income tax benefit	-	-
LOSS FOR THE YEAR	(1,405,763)	(520,118)
Loss is attributable to:
Owners of AssetOwl Limited	(1,405,763)	(520,118)
NET LOSS FOR THE YEAR	(1,405,763)	(520,118)
Other Comprehensive Income	-	-
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR	(1,405,763)	(520,118)
Total comprehensive loss for the year is attributable to
Owners of AssetOwl Limited	(1,405,763)	(520,118)
Basic loss (cents per share)	12	(3.16)	(4.98)

Part 5 - Consolidated Statement of Financial Position

Parts	2017 ($)	2016 ($) Restated*
CURRENT ASSETS
Cash and cash equivalents	1,690,810	1,097,149
Trade and other receivables	16	921,841	11,818
TOTAL CURRENT ASSETS	2,612,651	1,108,967
NON-CURRENT ASSETS
Property, Plant and Equipment	17	44,801	-
Intangible Assets (including goodwill)	18	5,823,188	-
TOTAL NON-CURRENT ASSETS	5,867,989	-
TOTAL ASSETS	8,480,640	1,108,967
CURRENT LIABILITIES
Trade and other payables	93,338	76,703
Employee Benefit Obligations	140,331	1,928
Contingent Consideration Payable	19	800,000	-
TOTAL CURRENT LIABILITIES	1,033,669	78,631
NON-CURRENT LIABILITIES
Contingent Consideration Payable	19	1,022,335	-
TOTAL NON-CURRENT LIABILITIES	1,022,335	-
TOTAL LIABILITIES	2,056,004	78,631
NET ASSETS	6,424,636	1,030,336
EQUITY
Contributed Equity	21	17,045,391	11,704,402
Reserves	1,518,435	59,361
Accumulated Losses	6	(12,139,190)	(10,733,427)
TOTAL EQUITY	6,424,636	1,030,336

*The restatement includes the change in accounting policy (refer Part 23); the carrying value of Exploration and Evaluation assets in the prior year has been transferred to the retained earnings.