EVZ LIMITED

RESULTS FOR ANNOUNCEMENT TO THE MARKET

14 April 2016, Melbourne : EVZ Limited (ASX: EVZ) is pleased to release both its FY 2015 final results and Annual Report as well as its financial results for the half year ending 31 December 2015.

The FY 2015 final results were in line with the preliminary final report and Appendix 4E released to the market on 28 August 2015.

In summary the Groups half year ending 31 December 2015 results were:

RESULTS SUMMARY	FY2016 H1	FY2015H1	Change
	$	$	$
Revenue from continuing activities	36,941,060	38,034,079	(1,093,019)
EBITDA	1,907,888	631,137	1,276,751
EBIT	1,449,053	225,218	1,223,835
Profit (loss) from continuing activities before tax & impairment	345,494	(752,052)	1,097,546
Profit (loss) from continuing activities before tax	345,494	(752,052)	1,097,546
Net profit (loss) for the period	54,165	(442,588)	496,753
Earnings per share	0.03 cents	(0.21) cents

Significant progress has been made since 30 June 2015 which has allowed the EVZ Group to submit its 30 June 2015 Annual Report. Specifically:

The EVZ Group has been able to execute an extension to its maturing banking facilities. The Company’s financier the Commonwealth Bank of Australia continues to support the EVZ Group and has extended the existing banking facilities to 31 March 2017.
Concurrently, the EVZ Group has entered into a commercial agreement with Australia Pacific Airports (Melbourne) Pty Ltd to provide an appropriate commercial and financial framework for the completion of the Melbourne Airport Tri-Generation facility.

These two milestones provide the necessary stability to the EVZ Group going forward and allows the EVZ Board to continue to determine and pursue the appropriate avenues to improve the capital and debt positions of the EVZ Group.

It is also pleasing to advise that the EVZ Group has returned to a positive trading platform post 30 June 2015 as per the results released today in the accompanying Appendix 4D and summarized in the above table.

Page1

EVZ’s tank construction and piping operation, Brockman Engineering, continues to be a lead player in that market and has built a strong reputation over an extended client base. The return to profitability of Brockman started in FY2015 and continues into FY2016.

In FY2016 to date there a has been a re-emergence of the EVZ Group’s Siphonic drainage operation, Syfon Systems. In late FY2015 Syfon Australia undertook a significant internal evaluation of processes which has resulted in a pleasing return to trading profitability in Australia. The Asian operation maintained its profitability and has continued to win significant contracts resulting in record levels of forward work in hand.

The energy operation, TSF, has had varying success since the close of FY2015. The Engineering component has been restrained whilst a commercial agreement to the completion of the Melbourne Airport Tri-Generation project was being negotiated and finalised. However, the Maintenance division continues to be profitable and is focused on expanding its geographic and client base.

Whilst the economy in which the EVZ Group operates remains constrained and extremely competitive, the EVZ Group now sits in a stronger position than it did at the close of FY2015.

With the release today of all outstanding audited financial results the company has now complied with the reporting requirements of the ASX Listing Rules. The Company will now proceed to convene the Annual General Meeting, currently scheduled for 27[th] May 2016 and seek removal of the suspension from trading on the ASX as soon as possible.

Additional financial information is provided in the enclosed Appendix 4D: Half-Year Report

EVZ Limited is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of power generation, bulk storage tank design, engineering and construction and stormwater management through subsidiaries TSF Engineering, Brockman Engineering and Syfon Systems. For further information please visit our website www.evz.com.au

For further information contact Scott Farthing, CEO +613 9545 5288

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(ABN 87 010 550 357)

& CONTROLLED ENTITIES

Consolidated Financial Report for the

Half-Year ended 31 December 2015

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

Page Number

DIRECTORS’ REPORT................................................................................................................. 3 DIRECTORS’ REPORT................................................................................................................. 4 AUDITOR’S INDEPENDENCE DECLARATION ........................................................................... 5 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS ....................................... 6 CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME.......... 7 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ................................ 8 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY................................. 9 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ........................................... 10 NOTES TO THE FINANCIAL STATEMENTS ............................................................................. 11 NOTES TO THE FINANCIAL STATEMENTS ............................................................................. 12 DIRECTORS’ DECLARATION.................................................................................................... 17 INDEPENDENT AUDITOR’S REVIEW REPORT........................................................................ 18

EVZ LIMITED

& Controlled Entities

(ABN 87 010 550 357)

DIRECTORS’ REPORT

Your Directors submit the financial report of EVZ Limited and its controlled entities (the economic entity) for the half-year ended 31 December 2015.

Directors

The names of Directors who held office during or since the end of the half-year are as follows:

Max Findlay (Chairman) Robert Edgley Graham Burns Raelene Murphy (Resigned4 March 2016)

Review of Operations

The operating profit before tax from continuing operations of the economic entity for the six months to 31 December 2015 was $345,494 (31 December 2014 loss: $752,052). The net profit after tax for the six months to 31 December 2015 was $54,165 (31 December 2014 loss: $442,588).

Changes in State of Affairs

There were no changes in the state of affairs during the period.

Dividends

During the half-year to 31 December 2015 there were no dividends declared or paid.

Events Subsequent to Reporting Date

Subsequent to balance date the Group’s financier, the Commonwealth Bank of Australia extended the existing banking facilities to 31 March 2017. In addition the Bank allowed the conversion of the exiting bank overdraft into a market rate loan facility. The covenants associated with this facility remain unchanged being an interest cover covenant (of 3 times EBIT) and a current ratio covenant (of 1.25 times). The security over the extended facility remains unchanged.

Subsequent to balance date the EVZ Group has also successfully reached a commercial agreement which will allow the Melbourne Airport Tri-Generation project to be completed. This commercial agreement appropriately compensates EVZ for the estimated costs of completion of this project and realigns the required completion date of the project to the end of December 2016.

Other than the matters noted above, there have not been any matters or circumstances, other than that referred to in the financial statements or notes thereto, that have arisen since the end of the half-year, that have significantly affected, or may significantly affect, the operations of the economic entity, the results of those operations, or the state of affairs of the economic entity in future financial periods.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

DIRECTORS’ REPORT

Auditor’s Declaration

The auditor’s independence declaration under section 307C of the Corporations Act 2001 is set out on page 5 for the half-year ended 31 December 2015.

This report is signed in accordance with a resolution of the Board of Directors.

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Director

Max Findlay

Dated this 14[th] day of April 2016

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Auditor Independence Declaration Under S307C of the Corporations Act 2001 to the Directors of EVZ Limited

I declare that, to the best of my knowledge and belief, during the half year ended 31 December 2015 there have been no contraventions of:

a) The auditor independence requirements as set out in the Corporations Act 2001 in relation to the review; and
b) Any applicable code of professional conduct in relation to the review.

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CROWE HORWATH MELBOURNE

==> picture [145 x 77] intentionally omitted <==

DAVID MUNDAY Partner

Melbourne, Australia 14 April 2016

Crowe Horwath Melbourne is a member of Crowe Horwath International, a Swiss verein. Each member of Crowe Horwath is a separate and independent legal entity. Liability limited by a scheme approved under Professional Standards Legislation other than for the acts or omission of financial services licensees.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

Note Continuing Operations Revenue Cost of Sales Gross Profit Other Income Administration and corporate costs Results from operating activities Net finance costs 2 Profit/(Loss) before income tax from continuing operations Income tax (expense)/benefit Profit/(Loss) for the period from continuing operations Earnings Per Share Continuing Operations: 4 Basic earnings per share Diluted earnings per share Overall Operations: 4 Basic earnings per share Diluted earnings per share	Consolidated 31 December 2015 $ 31 December 2014 $ 36,941,060 38,034,079 (29,963,065) (31,994,810)
	6,977,995 6,039,269 17,211 18,927 (5,916,764) (5,984,075)
	1,078,442 74,121 (732,948) (826,173)
	345,494 (752,052) (291,329) 309,464
	54,165 (442,588)
	Cents Cents 0.03 (0.21) 0.03 (0.21) 0.03 (0.21) 0.03 (0.21)

The accompanying notes form part of these financial statements.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

Profit/(Loss) for the period Other comprehensive income: Items that may be reclassified subsequently to profit or loss Exchange differences arising on translation of foreign operations Total comprehensive income/(loss) for the period attributable to owners of the company	Consolidated 31 December 2015 $ 31 December 2014 $ 54,165 (442,588) (123,814) 109,856
	(69,649) (332,732)

The accompanying notes form part of these financial statements.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2015

Note CURRENT ASSETS Cash and cash equivalents Trade and other receivables Inventories Financial assets TOTAL CURRENT ASSETS NON-CURRENT ASSETS Trade and other receivables Plant and equipment Deferred tax assets Intangibles 5 TOTAL NON-CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and other payables Tax liabilities Provisions Short-term borrowings 3 TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Long-term borrowings 3 Deferred tax liabilities Other long-term provisions TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Issued capital Reserves Accumulated losses TOTAL EQUITY	Consolidated 31 December 2015 $ 30 June 2015 $ 3,798,517 1,013,866 12,421,735 14,782,087 1,766,272 1,825,064 - 63,729
	17,986,524 17,684,746
	1,156,114 978,754 4,732,173 5,082,502 4,313,415 4,313,415 12,072,010 12,072,010
	22,273,712 22,446,681
	40,260,236 40,131,427
	15,539,281 14,871,425 249,420 - 2,828,438 3,127,660 13,180,364 13,454,208
	31,797,503 31,453,293
	174,197 241,268 40,955 23,469 53,571 149,738
	268,723 414,475
	32,066,226 31,867,768
	8,194,010 8,263,659
	46,088,909 46,088,909 (173,136) (49,322) (37,721,763) (37,775,928)
	8,194,010 8,263,659

The accompanying notes form part of these financial statements.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

Consolidated

FOR THE HALF-YEAR ENDED 31 DECEMBER 2015 Balance at 1 July 2015 Total comprehensive loss for period Profit/(loss) for period Foreign currency translation reserve Total comprehensive income for period Shares issued Dividends Balance at 31 December 2015	Share Capital Accumulated Losses Capital Reserves Foreign Currency Translation Reserve Total $ $ $ $ $ 46,088,909 (37,775,928) - (49,322) 8,263,659
	- 54,165 - - 54,165 - - - (123,814) (123,814)
	- 54,165 - (123,814) (69,649)
	- - - - - - - - - -
	46,088,909 (37,721,763) - (173,136) 8,194,010

FOR THE HALF-YEAR ENDED 31 DECEMBER 2014 Balance at 1 July 2014 Total comprehensive loss for period Profit/(loss) for period Foreign currency translation reserve Total comprehensive income for period Shares issued Dividends Balance at 31 December 2014	Share Capital Accumulated Losses Capital Reserves Foreign Currency Translation Reserve Total $ $ $ $ $ 46,055,159 (27,349,137) - (105,920) 18,600,102
	- (442,588) - - (442,588) - - - 109,856 109,856
	- (442,588) - 109,856 (332,732)
	- - - - - - - - - -
	46,055,159 (27,791,725) - 3,936 18,267,370

The accompanying notes form part of these financial statements.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers and employees Interest received Finance costs Income tax (paid)/refund Net cash provided by / (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of plant and equipment Purchase of plant and equipment Net cash provided by / (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES Repayment of bank loans Proceeds from finance leases Repayment of finance leases Net cash provided/(used) by financing activities Net increase/(decrease) in cash held Cash at beginning of the period Cash at end of the period	Consolidated 31 December 2015 $ 31 December 2014 $ 43,078,539 43,708,536 (38,954,804) (42,770,622) 5,309 10,577 (738,257) (836,750) (24,423) (12,227)
	3,366,364 99,514
	24,592 61,904 (265,390) (373,693)
	(240,798) (311,789)
	(250,000) (500,000) - 217,731 (77,133) (77,674)
	(327,133) (359,943)
	2,798,433 (572,218) (4,063,930) (527,579)
	(1,265,497) (1,099,797)

The accompanying notes form part of these financial statements.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

NOTES TO THE FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

1. Basis of preparation of half-year financial statements

The half-year consolidated financial statements are a general purpose financial report prepared in accordance with the requirements of the Corporations Act 2001 and Accounting Standard AASB 134: Interim Financial Reporting. Compliance with AASB134 ensures compliance with International Financial Reporting Standards IAS34 “Interim Financial Reporting”. The half-year report does not include full disclosures of the type normally included in an annual financial report.

Accordingly, it is recommended that this financial report be read in conjunction with the annual financial report for the year ended 30 June 2015 and any public announcements made by EVZ Limited and its controlled entities during the half-year in accordance with continuous disclosure requirements arising under the Corporations Act 2001 .

The Group has adopted all of the new and revised Standards and Interpretations issued by the Australian Accounting Standards Board (the AASB) that are relevant to their operations and effective for the current half-year. New and revised Standards and amendments thereof and Interpretations effective for the current half-year that are relevant to the Group include:

AASB 2013-9 ‘Amendments to Australian Accounting Standards – Conceptual Framework, Materiality and Financial Instruments (Part C: Financial Instruments)
AASB 2014-1 ‘Amendments to Australian Accounting Standards (Part E: Financial Instruments)
AASB 2015-3 ‘Amendments to Australian Accounting Standards arising from the Withdrawal of AASB 1031 Materiality.

The adoption of these amending standards do not have any material impact on the disclosures or the amounts recognised in the Group's condensed consolidated financial statements.

This financial report has been prepared on an accruals basis and is based on historical costs. The accounting policies applied in this financial report are consistent with those applied in the 30 June 2015 Annual Report.

All amounts are presented in Australian dollars, unless otherwise noted.

Going concern

The financial report for the half-year ended 31 December 2015 has been prepared on a going concern basis, which assumes continuity of normal business activities and realisation of assets and the settlement of liabilities in the ordinary course of business.

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

The Group’s ability to continue as a going concern continues to be dependent on the Commonwealth Bank continuing to support the Group as it determines and executes its structured debt reduction program and the Group’s ability to continually meet its profit forecasts. Should either of these matters not occur, the Group may not be able to realise its assets and settle its liabilities in the ordinary course of business.

The directors have concluded that these circumstances represent a material uncertainty that may cast significant doubt about the group’s ability to continue as a going concern. Nevertheless, after making enquiries and considering uncertainties described above the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. For these reasons they continue to adopt the going concern basis in preparing the financial report of EVZ and its controlled entities at 31 December 2015.

2. Profit and Loss

Net finance costs

Finance costs Loan establishment fees Interest income Net finance costs from continuing operations	31 December 2015 $ 31 December 2014 $ (738,257) (636,750) - (200,000) 5,309 10,577
	(732,948) (826,173)

3.Borrowings

(a) Borrowings Current Liabilities Short term borrowings: Bank loans Bank overdraft Leases Non-Current Liabilities Long term borrowings: Leases	31 December 2015 $ 30 June 2015 $ 8,000,000 8,250,000 5,064,014 5,077,796 116,350 126,412
	13,180,364 13,454,208
	174,197 241,268
	174,197 241,268

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

4. Earnings per share

Earnings per share
Weighted average number of ordinary shares outstanding during the period used in calculation of basic earnings per share Weighted average number of ordinary shares outstanding during the period used in calculation of diluted earnings per share Intangible assets Goodwill at cost Accumulated impaired losses Net Carrying Value Goodwill on acquisition at cost Impairment – TSF Engineering Net Carrying Value	Consolidated 31 December 2015 No. 31 December 2014 No. 210,548,789 208,439,414
	210,548,789 208,439,414
	Consolidated 31 December 2015 $ 30 June 2015 $ 3,282,532 3,282,532 - -
		3,282,532 3,282,532
		24,606,758 24,606,758 (15,817,280) (15,817,280)
		8,789,478 8,789,478
		12,072,010 12,072,010

5.Intangible assets

6.Segment information

Identification of reportable segments

The Group has identified its operating segments based on the internal reports that are reviewed and used by the Board of Directors (chief operating decision-makers) in assessing performance and determining the allocation of resources. Operating segments are managed primarily on the basis of product category and service offerings. Executive management monitors segment performance based on EBIT.

Basis of accounting for purposes of reporting by operating segments

Accounting policies adopted

Unless stated otherwise, all amounts reported to the Board of Directors as the chief decision-makers with respect to operating segments are determined in accordance with accounting policies that are consistent with those adopted in the annual financial statements of the Group.

Inter-segment transactions

All such transactions are eliminated on consolidation for the Group’s financial statements.

(ABN 87 010 550 357)

& Controlled Entities

EVZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

6.Segment information (continued)

Six months ended 31 December 2015

Engineering Energy $ $ 22,330,130 3,533,923 - -	Water Corporate $ $ 11,077,007 - - -	Total $ 36,941,060 - 36,941,060 - 36,941,060 1,078,442 - (732,948) 345,494 458,835 (197,994)
22,330,130 3,533,923	11,077,007 -
	- -
22,330,130 3,533,923	11,077,007 -
1,169,267 (435,023)	984,156 (639,958)
225,255 80,859 - -	147,844 4,877 (197,994) -
25,079,652 (1,973,673)	14,643,897 25,756,044	63,505,920 (23,245,684)
189,030 4,700	71,660 -
		40,260,236
		265,390

(ABN 87 010 550 357)

EVZ LIMITED

& Controlled Entities

Engineering Energy $ $ 27,148,088 18,520,129	Water Corporate $ $ 4,881,667 8,977,728	Total $ 59,527,612 (27,461,386)
Engineering Energy $ $ 15,619,353 9,820,935 701,437 -	Water Corporate $ $ 12,593,791 - - -
		32,066,226
		Total $ 38,034,079 701,437
16,320,790 9,820,935	12,593,791 -	38,735,516
	- -	(701,437)
15,619,353 9,820,935	12,593,791 -	38,034,079
690,211 (531,603)	829,426 (780,817)	207,217
205,725 66,848 (83,813) -	128,469 4,877 (17,569) -	(133,096) (826,173)
		(752,052)
		405,919 (101,382)
19,938,013 6,108,123	15,394,542 28,275,557	69,716,235 (25,096,957)
101,623 336	271,734 -
		44,619,278
		373,693

(ABN 87 010 550 357)

EVZ LIMITED

& Controlled Entities

*Segment Liabilities* Segment liabilities Inter-segment elimination Total Group Liabilities	Engineering Energy Water Corporate $ $ $ $ 24,152,297 17,175,470 4,982,918 9,484,835	Total $ 55,795,520 (29,443,612)

		26,351,908

7. Contingent liabilities

There has been no change in contingent liabilities since the last annual reporting date.

8. Events subsequent to reporting date

EVZ LIMITED

(ABN 87 010 550 357)

& Controlled Entities

DIRECTORS’ DECLARATION

The Directors of the Company declare that:

The financial statements and notes, as set out on 6 to 16:
(a) comply with Accounting Standard AASB 134: Interim Financial Reporting and the Corporations Act 2001; and
(b) give a true and fair view of the economic entity’s financial position as at 31 December 2015 and of its performance for the half-year ended on that date.
In the Directors’ opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.

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Director Max Findlay

Dated this 14[th] day of April 2016.

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Independent Auditor’s Review Report to the Members of EVZ Limited

Report on the half year financial report

We have reviewed the accompanying half-year financial report of EVZ Limited (“Company”), which comprises the condensed consolidated statement of financial position as at 31 December 2015, the condensed consolidated statement of profit or loss, the condensed consolidated statement of other comprehensive income, condensed consolidated statement of changes in equity and the condensed consolidated statement of cash flows for the half-year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information and the directors’ declaration of the consolidated entity comprising both the Company and the entities it controlled at half years end or from time to time during the half year.

Directors’ responsibility for the half year financial report

The directors of EVZ Limited are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards (including Australian Accounting Interpretations) and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Auditor’s responsibility

Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410: Review of a Financial Report Performed by the Independent Auditor of the Entity, in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half-year financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of EVZ Limited’s financial position as at 31 December 2015 and its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134: Interim Financial Reporting and the Corporations Regulations 2001 . As the auditor of EVZ Limited, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001 .

Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of EVZ Limited is not in accordance with the Corporations Act 2001 , including:

I. giving a true and fair view of the consolidated entity’s financial position as at 31 December 2015 and of its performance for the half-year ended on that date; and
II. complying with AASB 134: Interim Financial Reporting and the Corporations Regulations 2001

Emphasis of Matter

Without modification to our conclusion, we draw attention to Note 1 in the financial report, which indicates that subsequent to 31 December 2015, the Commonwealth Bank of Australia (the “Bank”) extended the Company and its controlled entities’ (collectively the “Group”) existing banking facilities to 31 March 2017 to allow sufficient time for EVZ Limited to pursue a structured debt reduction.

The Group is currently determining the optimum strategy for its structured debt reduction which may include a change in capital structure and/or the orderly divestment of some of the Group’s operations and assets.

The Group’s ability to continue as a going concern is dependent on the Commonwealth Bank continuing to support the Group as it determines and executes its structured debt reduction program and the Group’s ability to continue to meet its profit forecasts. At this stage there is nothing to suggest that the Company would not be able to roll its existing banking facilities past 31 March 2017 or that it won’t meet its profit forecasts. Should existing banking facilities not be extended or if the Group does not meet its profit forecasts, the Group may not be able to realise its assets and settle its liabilities in the ordinary course of business.

These conditions, along with other matters as set forth in Note 1, indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern .

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CROWE HORWATH MELBOURNE

==> picture [126 x 67] intentionally omitted <==

DAVID MUNDAY Partner

Melbourne, Victoria 14 April 2016

EVZ Limited

Appendix 4D Six Months Ending on 31 December 2015

	Additional Information: 31 December 2015 cents 31 December 2014 cents Net tangible assets per ordinary share (1.8) 1.1 Details of entities over which control has been gained or lost during the period Name of entity Nil Control lost Date of gain/loss of control Where material, contribution of entity to the reporting entity’s profit from ordinary activities during the period profit/(loss) of entity during the whole of the previous corresponding period	Additional Information: 31 December 2015 cents 31 December 2014 cents Net tangible assets per ordinary share (1.8) 1.1 Details of entities over which control has been gained or lost during the period Name of entity Nil Control lost Date of gain/loss of control Where material, contribution of entity to the reporting entity’s profit from ordinary activities during the period profit/(loss) of entity during the whole of the previous corresponding period
	Dividends and Distributions
	Date on which each dividend or distribution is payable	Not Applicable
	Amount per security of foreign sourced dividend or distribution	Not Applicable
	Details of dividend or distribution reinvestment plans (DRP)	Not Applicable

EVZ Limited

Appendix 4D Six Months Ending on 31 December 2015

Additional Information:

Material interests in entities which are not controlled entities

*Name of entity*	Percentage of ownership interest held at end of period or date of disposal	Percentage of ownership interest held at end of period or date of disposal	Contribution to net profit (loss)	Contribution to net profit (loss)
Equity accounted associates and joint venture entities	Current period	Previous correspon ding period	Current period $A	Previous correspon ding period - $A

Total
Other material interests
Total	Nil	Nil	Nil	Nil

AI assistant

EVZ LIMITED — Interim / Quarterly Report 2016

64889_rns_2016-04-13_6cee3f59-248d-4016-afec-182392ba3031.pdf

RESULTS FOR ANNOUNCEMENT TO THE MARKET

EVZ LIMITED

& CONTROLLED ENTITIES

Consolidated Financial Report for the

TABLE OF CONTENTS

Page Number

DIRECTORS’ REPORT

Directors

Review of Operations

Changes in State of Affairs

Dividends

Events Subsequent to Reporting Date

& Controlled Entities

DIRECTORS’ REPORT

Auditor’s Declaration

Max Findlay

Auditor Independence Declaration Under S307C of the Corporations Act 2001 to the Directors of EVZ Limited

CROWE HORWATH MELBOURNE

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2015

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

Consolidated

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

NOTES TO THE FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

1. Basis of preparation of half-year financial statements

Going concern

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

2. Profit and Loss

Net finance costs

3.Borrowings

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

4. Earnings per share

5.Intangible assets

6.Segment information

Identification of reportable segments

Basis of accounting for purposes of reporting by operating segments

Accounting policies adopted

Inter-segment transactions

EVZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015

6.Segment information (continued)

Six months ended 31 December 2015

EVZ LIMITED

& Controlled Entities

EVZ LIMITED

& Controlled Entities

7. Contingent liabilities

8. Events subsequent to reporting date

DIRECTORS’ DECLARATION

Independent Auditor’s Review Report to the Members of EVZ Limited

Report on the half year financial report

Directors’ responsibility for the half year financial report

Auditor’s responsibility

Independence

Conclusion

Emphasis of Matter

CROWE HORWATH MELBOURNE

EVZ Limited

Appendix 4D Six Months Ending on 31 December 2015

EVZ Limited

Appendix 4D Six Months Ending on 31 December 2015

Additional Information:

Material interests in entities which are not controlled entities

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