SIMBLE SOLUTIONS LIMITED — Annual Report 2017

Feb 27, 2018

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ASX ANNOUNCEMENT

28 February 2018

APPENDIX 4E & PRELIMINARY FINANCIAL REPORT

Simble Solutions Limited (ASX: SIS) ( Simble or the Company ), an Australian software company focused on energy management and mobility SaaS solutions in the SME market, is pleased to announce activity highlights following today’s release of its preliminary unaudited results for the full year ended 31 December 2017.

Revenue for the period was $2,850,106, with an underlying EBITDA loss for the year of $2,047,421. The statutory loss after income tax benefit was $7,828,878 which included a number of one-off accounting adjustments relating to the fair value adjustment on convertible notes, share based payment expenses and costs in relation to the Company’s recent IPO which raised $7.5 million.

FY 2017 Highlights

• Successfully completed a heavily oversubscribed IPO and listing on the ASX in February 2018.

• Restructured the business with strategic focus on energy management solutions, in particular a real time energy visualisation and analytics platform to monitor energy usage and identify energy saving opportunities (“Simble Energy Platform”).

• Established a presence in the UK to take advantage of favourable industry dynamics, including legislation changes, to create a first mover advantage.

• Significant progress in negotiations to establish a scalable “channel partner” network to roll-out our SaaS solutions in 2018 over a number of jurisdictions.

• Built an opportunity pipeline with the potential to add up to 200 SME customer sites per month on a recurring revenue SaaS business model.

• Significant R&D investments to align our solution suite with the volume based infrastructure of our channel partners.

• Major upgrade to the Simble Energy Platform that saw ‘Internet of Things” (IOT) capability introduced.

• Appointed highly experienced personnel to the executive team to strengthen Simble’s leadership capabilities ahead of a transformational year.

Simble Solutions Limited Level 12, 6 O’Connell Street Sydney 2000

P +61 2 8208 3366 E hello@simble.io

Simble Solutions Limited ABN: 17 608 419 656

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FY 2018 – Outlook

The past year has seen the Company pivot its business to take advantage of the significant opportunity emerging in the energy management sector. Simble has made substantial investments in its R&D capabilities to develop leading software solutions such as the Simble Energy Platform, which has been launched and is now generating revenue. With a strong balance sheet following the successful $7.5 million IPO capital raising, the focus in 2018 will be on executing on our business plan and converting our large opportunity pipeline into revenue generating contracts in the growing energy management sector.

Our engagement with channel partners hosting a volume-based sales and marketing infrastructure represents a major growth opportunity for Simble. This strategy aims to establish new partnerships with distributors and service providers to sell Simble’s products through a co-branded relationship. Our initial focus is on our two key markets being Australia and the UK and we are currently undergoing and negotiating a number of Proof of Concepts (POC) trials, including with a major Australian telco, where we see excellent potential to convert into longer term relationships.

In the UK, the Government has mandated deployment of 52 million smart electricity maters across residential households and we have established a sales presence to take advantage of the rising demand for energy management solutions.

ENDS

For more information please contact:

Tharun Kuppanda Company Secretary cosec@simble.io

Simble Solutions Limited Level 12, 6 O’Connell Street Sydney 2000

P +61 2 8208 3366 E hello@simble.io

Simble Solutions Limited ABN: 17 608 419 656

Simble Solutions Limited and its controlled entities Appendix 4E Preliminary final report

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1. Company details

Name of entity: Simble Solutions Limited ABN: 17 608 419 656 Reporting period: For the year ended 31 December 2017 Previous period: For the period ended 31 December 2016

2. Results for announcement to the market

2. Results for announcement to the market
			$
Revenues from ordinary activities	up	278.1% to	2,850,106
Loss from ordinary activities after tax attributable to the owners of Simble
Solutions Limited	up	371.5% to	(7,828,878)
Loss for the year attributable to the owners of Simble Solutions Limited	up	371.5% to	(7,828,878)

The comparative financial result is for the six-month period 1 July 2016 to 31 December 2016.

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The loss for the Group after providing for income tax amounted to $7,828,878 (31 December 2016: $1,660,422).

Simble Solutions Limited was admitted to the official list of the Australian Securities Exchange ('ASX') on 22 February 2018, under the ASX code SIS. Under the Initial Public Offering ('IPO') the Company issued 37,500,00 ordinary shares, raising $7.5 million before costs.

During the 2017 financial year, significant capital investments have been made upgrading our solution suites to more closely align them with the volume-based sales infrastructure of our existing and prospective channel partners. A material focus on these resources was the Simble Energy Platform - an Internet of Things ('IOT') enabled control and visualisation tool, designed for businesses to reduce and manage their energy consumption.

The results for the year ended 31 December 2017 were impacted by several non-recurring items attributable to the IPO. Underlying EBITDA is a key measurement used by management and the board to assess and review business performance, and accordingly the table below provides a reconciliation between statutory net loss and underlying EBITDA.

Loss after income tax benefit Add-back: Interest Tax Depreciation Amortisation Statutory EBITDA Add non-recurring items: Share-based payment expense IPO expenses Fair value adjustment on convertible notes ** Underlying EBITDA	Unaudited $ (7,828,878) 475,427 (31,180) 22,400 1,045,288
	(6,316,943) 2,751,000 447,281 1,071,241
	(2,047,421)

• The share-based payment expense relates to the issue of the performance shares to the management team.

• ** IPO expenses represent costs associated with the listing of Simble Solutions Limited on the ASX.

• *** Fair value adjustment on convertible notes represent the adjustment to the fair value of the convertible notes in line with their conversion to ordinary shares.

Simble Solutions Limited and its controlled entities Appendix 4E Preliminary final report

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3. Net tangible assets

Net tangible assets per ordinary security	Reporting period Cents (34.29)	Previous period Cents (14.00)

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.

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 are in the process of being audited and an unqualified opinion is expected to be issued.

Simble Solutions Limited and its controlled entities Appendix 4E Preliminary final report

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11. Attachments

Details of attachments (if any):

The Preliminary Financial Report of Simble Solutions Limited for the year ended 31 December 2017 is attached.

12. Signed

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Signed _________

Date: 28 February 2018

Fadi Geha Director Sydney

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Simble Solutions Limited and its controlled entities ABN 17 608 419 656

Preliminary Financial Report - 31 December 2017

Simble Solutions Limited and its controlled entities Contents 31 December 2017

2 3 4 5 6

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Statement of profit or loss and other comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to the financial statements

1

Simble Solutions Limited and its controlled entities Statement of profit or loss and other comprehensive income For the year ended 31 December 2017

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Note Revenue Revenue 3 Other income 4 Cost of sales Gross margin Expenses Marketing Administration 5 Other expenses 5 Finance costs 5 Loss before income tax benefit Income tax benefit Loss after income tax benefit for the year/period attributable to the owners of Simble Solutions Limited Other comprehensive income Items that may be reclassified subsequently to profit or loss Foreign currency translation Other comprehensive income for the year, net of tax Total comprehensive income for the year/period attributable to the owners of Simble Solutions Limited Basic earnings per share 27 Diluted earnings per share 27	Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ 2,273,646 595,132 576,460 158,622	Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ 2,273,646 595,132 576,460 158,622
	2,850,106 (656,092)	753,754 (205,954)
	2,194,014	547,800
	(132,745) (5,169,543) (4,269,522) (482,262)	(162,550) (1,496,816) (493,211) (69,450)
	(7,860,058) 31,180	(1,674,227) 13,805
	(7,828,878) (21,511)	(1,660,422) (14,990)
	(21,511)	(14,990)
	(7,850,389)	(1,675,412)
	Cents (32.08) (32.08)	Cents (7.72) (7.72)

The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes

2

Simble Solutions Limited and its controlled entities Statement of financial position As at 31 December 2017

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Note Assets Current assets Cash and cash equivalents 6 Trade and other receivables 7 Loans receivable from related parties 8 Other 9 Total current assets Non-current assets Available-for-sale financial assets 10 Property, plant and equipment 11 Intangibles 12 Deferred tax Other 13 Total non-current assets Total assets Liabilities Current liabilities Trade and other payables 14 Borrowings 15 Income tax Provisions 17 Other financial liabilities 16 Deferred revenue 18 Accrued expenses 19 Total current liabilities Non-current liabilities Deferred tax Provisions 20 Total non-current liabilities Total liabilities Net assets/(liabilities) Equity Issued capital 21 Shares to be issued 22 Reserves Accumulated losses Total equity/(deficiency)	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 45,303 275,064 576,978 721,858 - 19,691 476,482 693,854 1,098,763 1,710,467 30,415 38,059 58,237 73,075 5,535,332 4,711,483 - 19,220 143,162 - 5,767,146 4,841,837 6,865,909 6,552,304 3,001,664 1,181,951 80,000 - 88,367 146,849 200,818 174,738 4,750,332 1,880,729 795,934 942,438 701,817 210,039 9,618,932 4,536,744 184,800 235,200 81,180 74,024 265,980 309,224 9,884,912 4,845,968 (3,019,003) 1,706,336 4,200,100 100 - 4,200,000 3,339,357 235,818 (10,558,460) (2,729,582) (3,019,003) 1,706,336
	1,098,763
	30,415 58,237 5,535,332 - 143,162
	5,767,146
	6,865,909
	3,001,664 80,000 88,367 200,818 4,750,332 795,934 701,817
	9,618,932
	184,800 81,180
	265,980
	9,884,912
	(3,019,003)
	4,200,100 - 3,339,357 (10,558,460)
	(3,019,003)

The above statement of financial position should be read in conjunction with the accompanying notes

3

Simble Solutions Limited and its controlled entities Statement of changes in equity For the year ended 31 December 2017

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Consolidated Balance at 1 July 2016 Loss after income tax benefit for the period Other comprehensive income for the period, net of tax Total comprehensive income for the period Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs (note 21) Shares to be issued (note 24) Common control transaction (note 25) Balance at 31 December 2016 Consolidated Balance at 1 January 2017 Loss after income tax benefit for the year Other comprehensive income for the year, net of tax Total comprehensive income for the year Transactions with owners in their capacity as owners: Issue of shares Share-based payments Balance at 31 December 2017 - Unaudited	Issued capital $ 1 - -	Shares to be issued $ - - -		Reserves		Accumu- lated losses $ (1,069,160) (1,660,422) -	Total equity $ (1,069,187) (1,660,422) (14,990) (1,675,412) 99 4,200,000 250,836 1,706,336 Total deficiency in equity $ 1,706,336 (7,828,878) (21,511) (7,850,389) - 3,125,050 (3,019,003)
			Common control reserve $ - - -	Foreign currency translation reserve $ (28) - (14,990)	Share- based payments reserve $ - - -
	- 99 - -	- - 4,200,000 -	- - - 250,836	(14,990) - - -	- - - -	(1,660,422) - - -
	100	4,200,000	250,836	(15,018)	-	(2,729,582)
	Issued capital $ 100 - -	Shares to be issued $ 4,200,000 - -		Reserves		Accumu- lated losses $ (2,729,582) (7,828,878) -
			Common control reserve $ 250,836 - -	Foreign currency translation reserve $ (15,018) - (21,511)	Share- based payments reserve $ - - -
	- 4,200,000 -	- (4,200,000) -	- - -	(21,511) - -	- - 3,125,050	(7,828,878) - -
	4,200,100	-	250,836	(36,529)	3,125,050	(10,558,460)

The above statement of changes in equity should be read in conjunction with the accompanying notes

4

Simble Solutions Limited and its controlled entities Statement of cash flows For the year ended 31 December 2017

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Note Cash flows from operating activities Receipts from customers (inclusive of GST) Payments to suppliers and employees (inclusive of GST) Interest received Research and development tax offset recovered Interest and other finance costs paid Income taxes paid Net cash used in operating activities 26 Cash flows from investing activities Cash acquired on acquisition of businesses Payments for investments 10 Payments for property, plant and equipment 11 Payments for software development 12 Payments for security deposits Proceeds from disposal of investments Proceeds from release of security deposits Net cash used in investing activities Cash flows from financing activities Proceeds from issue of shares 21 Proceeds from borrowings Proceeds from issue of convertible notes Director loans Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year/period Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the end of the financial year/period 6	Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ 2,118,132 374,846 (2,572,367) (1,486,012) (454,235) (1,111,166) 6,835 7 665,324 158,622 (482,262) (69,450) (58,482) (5,810) (322,820) (1,027,797) - 220,447 - (55,875) (7,562) (134,043) (1,869,251) (542,472) - (70,750) 65,835 8,284 48,877 - (1,762,101) (574,409) - 99 80,000 - 1,798,362 1,880,729 (1,691) - 1,876,671 1,880,828 (208,250) 278,622 275,064 11,432 (21,511) (14,990) 45,303 275,064
	(454,235) 6,835 665,324 (482,262) (58,482)
	(322,820)
	- - (7,562) (1,869,251) - 65,835 48,877
	(1,762,101)
	- 80,000 1,798,362 (1,691)
	1,876,671
	(208,250) 275,064 (21,511)
	45,303

The above statement of cash flows should be read in conjunction with the accompanying notes

5

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 1. General information

The financial statements cover Simble Solutions Limited as a Group consisting of Simble Solutions Limited and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Simble Solutions Limited's functional and presentation currency.

Simble Solutions Limited was admitted to the official list of the Australian Securities Exchange (ASX) on 22 February 2018 under ASX code SIS.

Simble Solutions Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is:

Level 12 6-10 O'Connell Street Sydney NSW 2000

A description of the nature of the Group's operations and its principal activities are included in the directors' report, which is not part of the financial statements.

Simble Solutions Limited changed its year end to 31 December. Accordingly, comparative information is for the six month period 1 July 2016 to 31 December 2016.

The financial statements were authorised for issue, in accordance with a resolution of directors, on 28 February 2018. The directors have the power to amend and reissue the financial statements.

Note 2. Operating segments

Identification of reportable operating segments

The Group operates in one segment, based on the internal reports that are reviewed and used by the Board of Directors (who are identified as the Chief Operating Decision Makers ('CODM')) in assessing performance and in determining the allocation of resources.

As a result, the operating segment information is disclosed in the statement and notes to the financial statements.

Note 3. Revenue

Rendering of services Interest Rent Other revenue	Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ 2,250,357 517,213 6,835 7 - 3,525 16,454 42,387	Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ 2,250,357 517,213 6,835 7 - 3,525 16,454 42,387
	2,273,646	563,132

6

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 4. Other income

Net gain on disposal of investments Research and development tax offset Note 5. Expenses Loss before income tax includes the following specific expenses: Administration Minimum lease payments Employee benefits expense Employee benefits expense - share-based payment Superannuation Depreciation Amortisation General administration and other Total administration Other expenses Share-based payment expense Initial Public Offering expenses Fair value adjustment on convertible notes Loss on disposal of investments Other expenses Total other expenses Finance costs Interest and finance charges paid/payable Note 6. Current assets - cash and cash equivalents Cash at bank

Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ 58,191 - 518,269 158,622 576,460 158,622 Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ 403,738 159,348 1,029,018 683,385 374,050 - 179,617 78,009 22,400 72,498 1,045,288 360,559 2,115,432 143,017 5,169,543 1,496,816 2,751,000 - 447,281 403,355 1,071,241 - - 17,817 - 72,039 4,269,522 493,211 482,262 69,450 Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 45,303 275,064

7

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 7. Current assets - trade and other receivables

Trade receivables Other receivables Receivable from employees Goods and services tax recoverable Research and development tax offset recoverable Note 8. Current assets - loans receivable from related parties Directors Note 9. Current assets - other Prepayments Security deposits Other deposits Note 10. Non-current assets - available-for-sale financial assets Listed investments Reconciliation Reconciliation of the fair values at the beginning and end of the current and previous financial period are set out below: Opening fair value Additions Disposals Impairment of assets Closing fair value	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 365,472 402,017 4,331 4,455 10,014 - 43,927 15,097 153,234 300,289 576,978 721,858 Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ - 19,691 Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 454,609 449,674 21,873 70,750 - 173,430 476,482 693,854 Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 30,415 38,059 38,059 - - 55,875 (7,644) (8,284) - (9,532) 30,415 38,059
	38,059 - (7,644) -
	30,415

8

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 11. Non-current assets - property, plant and equipment

Leasehold improvements - at cost Less: Accumulated depreciation Motor vehicles - at cost Less: Accumulated depreciation Computer equipment - at cost Less: Accumulated depreciation Office equipment - at cost Less: Accumulated depreciation	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 48,087 48,087 (10,743) (1,119)	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 48,087 48,087 (10,743) (1,119)
	37,344	46,968
	- -	56,957 (56,957)
	-	-
	14,957 (12,431)	12,513 (9,435)
	2,526	3,078
	33,134 (14,767)	28,016 (4,987)
	18,367	23,029
	58,237	73,075

Reconciliations

Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out below:

Consolidated Balance at 1 July 2016 Additions Additions through business combinations Depreciation expense Balance at 31 December 2016 Additions Depreciation expense Balance at 31 December 2017 - Unaudited	Leasehold improvements $ - 48,087 - (1,119)	Motor vehicles $ - 56,957 - (56,957)	Computer equipment $ 772 983 10,758 (9,435)	Office equipment $ - 28,016 - (4,987)	Total $ 772 134,043 10,758 (72,498)
	46,968 - (9,624)	- - -	3,078 2,444 (2,996)	23,029 5,118 (9,780)	73,075 7,562 (22,400)
	37,344	-	2,526	18,367	58,237

9

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 12. Non-current assets - intangibles

Goodwill - at cost Trademarks - at cost Customer relationships - at cost Less: Accumulated amortisation Software development - at cost Less: Accumulated amortisation	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 1,671,578 1,671,578	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 1,671,578 1,671,578
	8,552	8,666
	840,000 (224,000)	840,000 (56,000)
	616,000	784,000
	4,421,049 (1,181,847)	2,551,798 (304,559)
	3,239,202	2,247,239
	5,535,332	4,711,483

Reconciliations

Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out below:

Consolidated Balance at 1 July 2016 Additions Additions through business combinations Amortisation expense Balance at 31 December 2016 Additions Write off of assets Amortisation expense Balance at 31 December 2017 - Unaudited	Goodwill $ - - 1,671,578 -	Trademarks $ - 8,666 - -	Customer relationships $ - - 840,000 (56,000)	Software development $ - 533,806 2,017,992 (304,559)	Total $ - 542,472 4,529,570 (360,559)
	1,671,578 - - -	8,666 - (114) -	784,000 - - (168,000)	2,247,239 1,869,251 - (877,288)	4,711,483 1,869,251 (114) (1,045,288)
	1,671,578	8,552	616,000	3,239,202	5,535,332

Note 13. Non-current assets - other

Other deposits

Consolidated	Consolidated
Unaudited
31 Dec 2017	31 Dec	2016
$	$
143,162		-

10

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 14. Current liabilities - trade and other payables

Trade payables Amounts payable to related parties Other payables Note 15. Current liabilities - borrowings Loan payable Note 16. Current liabilities - other financial liabilities Convertible notes - at fair value	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 1,039,434 765,957 - 21,382 1,962,230 394,612	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 1,039,434 765,957 - 21,382 1,962,230 394,612
	3,001,664	1,181,951
	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 80,000 -
	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 4,750,332 1,880,729

The convertible notes carry an interest rate of 14% per annum and were converted into 23,751,656 ordinary shares in February 2018.

Note 17. Current liabilities - provisions

Employee benefits Deferred lease incentives Note 18. Current liabilities - deferred revenue Deferred revenue	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 117,736 125,126 83,082 49,612	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 117,736 125,126 83,082 49,612
	200,818	174,738
	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 795,934 942,438

Note 18. Current liabilities - deferred revenue

11

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 19. Current liabilities - accrued expenses

Accrued expenses Note 20. Non-current liabilities - provisions Employee benefits Note 21. Equity - issued capital Unaudited 31 Dec 2017 Shares Ordinary shares - fully paid 24,406,718 Movements in ordinary share capital Details Date Balance 1 January 2016 Issue of shares July 2016 Balance 31 December 2016 Issue of shares December 2017 Share split December 2017 Balance - Unaudited 31 December 2017 Note 22. Equity - shares to be issued Shares to be issued to vendors of Acresta Sub-Group Note 23. Equity - dividends	Unaudited 31 Dec 2017 Shares 24,406,718		Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 701,817 210,039 Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 81,180 74,024 Consolidated 31 Dec 2016 Unaudited 31 Dec 2017 31 Dec 2016 Shares $ $ 100 4,200,100 100	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 701,817 210,039	Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 701,817 210,039
				Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ 81,180 74,024
					31 Dec 2016 $ 100
			Shares 1 99	Issue price $ 1 $1.00 99 100 $1.00 4,200,000 - 4,200,100 Consolidated Unaudited 31 Dec 2017 31 Dec 2016 $ $ - 4,200,000	$ 1 99 100 4,200,000 - 4,200,100
			100 4,200,000 20,206,618
			24,406,718

There were no dividends paid, recommended or declared during the current or previous financial year/period.

12

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 24. Parent entity information

Set out below is the supplementary information about the parent entity.

Statement of profit or loss and other comprehensive income

Loss after income tax Total comprehensive income Statement of financial position Total current assets Total assets Total current liabilities Total liabilities Equity Issued capital Shares to be issued Foreign currency translation reserve Share-based payments reserve Accumulated losses Total equity	Parent Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ (4,912,795) (532,982) (4,912,795) (536,535) Parent Unaudited 31 Dec 2017 31 Dec 2016 $ $ 5,578,996 2,101,468 9,838,311 6,366,331 7,976,332 3,220,569 8,057,512 3,294,593 4,200,100 100 - 4,200,000 (3,553) (3,553) 3,125,050 - (5,540,798) (1,124,809) 1,780,799 3,071,738
	9,838,311
	7,976,332
	8,057,512
	4,200,100 - (3,553) 3,125,050 (5,540,798)
	1,780,799

13

Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 25. Interests in subsidiaries

The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries in accordance with the accounting policy described in note :

		Ownership interest	Ownership interest
		Unaudited
	Principal place of business /	31 Dec 2017	31 Dec 2016
Name	Country of incorporation	%	%
Acresta Digital Pty Limited	Australia	100.00%	100.00%
Acresta Innovations Pty Limited	Australia	100.00%	100.00%
Simble Energy Pty Limited	Australia	100.00%	100.00%
Simble Holdings (Hong Kong) Limited	Hong Kong	100.00%	100.00%
Simble Holdings Pty Limited	Australia	100.00%	100.00%
Simble International Electronics LLC	Dubai	100.00%	100.00%
Simble Mobility Pty Limited	Australia	100.00%	100.00%
Simble Solutions (Hong Kong) Limited	Hong Kong	100.00%	100.00%
Simble Solutions (NZ) Limited	New Zealand	100.00%	100.00%
Simble Solutions (UK) Limited	United Kingdom	100.00%	100.00%
Simble Solutions (Vietnam) Ltd	Vietnam	100.00%	100.00%
Simble Solutions IP Pty Limited	Australia	100.00%	100.00%
Wise-Owl Holdings Pty Limited	Australia	100.00%	100.00%

Note 26. Reconciliation of loss after income tax to net cash used in operating activities

Loss after income tax benefit for the year/period Adjustments for: Depreciation and amortisation Impairment of investments Write off of intangibles Net fair value gain on available-for-sale financial assets Share-based payments Forgiveness of loans payable Fair value adjustment on convertible notes Change in operating assets and liabilities: Decrease/(increase) in trade and other receivables Decrease in deferred tax assets Decrease/(increase) in prepayments Decrease in other operating assets Increase in trade and other payables Decrease in provision for income tax Decrease in deferred tax liabilities Increase/(decrease) in employee benefits Increase in other provisions Increase/(decrease) in other operating liabilities Net cash used in operating activities

Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ (7,828,878) (1,660,422) 1,067,688 433,057 - 9,532 114 - (58,191) - 3,125,050 - - (783,958) 1,071,241 - 144,880 (143,392) 19,220 - (4,935) 114,241 30,268 353,235 1,841,095 551,561 (58,482) (2,815) (50,400) (16,800) (234) 83,784 33,470 49,612 345,274 (15,432) (322,820) (1,027,797)

(322,820)

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Simble Solutions Limited and its controlled entities Notes to the financial statements 31 December 2017

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Note 27. Earnings per share

Loss after income tax attributable to the owners of Simble Solutions Limited Weighted average number of ordinary shares used in calculating basic earnings per share Weighted average number of ordinary shares used in calculating diluted earnings per share Basic earnings per share Diluted earnings per share	Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ (7,828,878) (1,660,422)	Consolidated Unaudited Year to 31 Dec 2017 Period from 1 Jul 2016 to 31 Dec 2016 $ $ (7,828,878) (1,660,422)
	Number 24,406,618	Number 21,503,752
	24,406,618	21,503,752
	Cents (32.08) (32.08)	Cents (7.72) (7.72)

Basic and diluted earnings per share for the periods ended 31 December 2017 and 31 December 2016 have taken into account the issue of completion shares and the share split that occurred in accordance with AASB 133 'Earnings per share'.

No dilution has been included as losses were incurred in the current and previous period.

Note 28. Events after the reporting period

On 22 February 2018, after a successful Initial Public Offering ('IPO'), the Company was admitted to the official list of the Australian Securities Exchange (ASX: SIS). Under the IPO, the Company issued 37,500,000 ordinary shares, raising $7,500,000 before costs.

No other matter or circumstance has arisen since 31 December 2017 that has significantly affected, or may significantly affect the Group's operations, the results of those operations, or the Group's state of affairs in future financial years.

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