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ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED. Interim / Quarterly Report 2006

Mar 15, 2006

64819_rns_2006-03-15_b0a0349a-39d2-4057-91ae-0df5738c288b.pdf

Interim / Quarterly Report

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SOLUTIONS INTERNATIONAL ENVIRONMENTAL LTD

ABN 28 009 120 405

Appendix 4D Half vear report Period ending 31 December 2005

Results for announcement to the market
Half year
$31 - Dec$
2005
Half year
$31 - Dec$
2004
Operating Performance $\frac{0}{2}$ \$ S
Revenue from ordinary activities n/a 126,174 n/a
Profit/(Loss) from ordinary activities after tax attributable to
members
n/a (93, 826) n/a
Net profit/(loss) for the half year attributable to members n/a (93, 826) n/a

Dividends

There are no or distribution reinvestment plans in operation and there has been no dividend payment during the financial half year ended 31 December 2005, nor is any dividend payment proposed.

Net tangible assets per ordinary security 31 December
2005
31 December
2004
Net tangible assets 1,240,376 n/a
Number of shares on issue at reporting date 227,434,974 n/a
Net tangible assets per ordinary security $0.5$ cents n/a

Comparative financial information

On 19 November 2004 the Company was placed into Voluntary Administration. At 31 December 2004 the Company was in voluntary administration. On 15 December 2005, the Deed of Company arrangement was effectuated and terminated with full control being passed onto the current Directors.

Accordingly the administrator applied to the ASX for an exemption to the requirement to lodge and prepare half year financial statements for the half year ended 31 December 2004. No published financial statements exist for the company for the half year ended 31 December 2004. Although published financial statements were prepared for the years ended 30 June 2004 and 30 June 2005, the Company is unable to determine the 31 December 2004 financial information due to a lack of supporting documentation from the period that the Company was under administration and a lack of access to documentation from before that time.

Therefore the Company is unable to provide comparatives to the Income Statement, Statement of changes in equity and Cashflow statement at this time. The Company also believes that due to the reconstruction, the comparatives would lack compatibility with the current period.