Happy Valley Nutrition : Appendix 4D & Interim Financial Report

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Happy Valley Nutrition Limited

Results for announcement to the market

Appendix 4D

Half-year report for the six months ended 31 December 2021.

Previous corresponding reporting period six months ended 31 December 2020.

	% change	NZD 000's
Revenue from ordinary activities	N/A	N/A	Nil
Loss from ordinary activities after tax attributable	down	6%	(2,611)
to owners of Happy Valley Nutrition Limited
Loss for the period attributable	down	6%	(2,611)
to owners of Happy Valley Nutrition Limited
	31 December		31 December
	2021 (cents)		2020 (cents)
Basic earnings per share	(0.01)		(0.01)
Diluted earnings per share	(0.01)		(0.01)
Net tangible asset backing per ordinary share	0.05		0.07

Dividend information

Happy Valley Nutrition Limited do not pay dividends.

Independent review report

The periods for the six-month ended 31 December 2020 and year ended 30 June 2021 were reviewed and audited by KPMG who expressed an unmodified review and audit opinion, respectively. The auditor's review report contains a material uncertainty with respect to going concern paragraph. This draws attention to note 1.1 to the Condensed Interim Consolidated Financial Statements. The review report was not modified in respect of this matter.

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Further information

Commentary on the results for the period and additional ASX Appendix 4D (listing Rule 4.2A.2) disclosures can be found in the Condensed Interim Consolidated Financial Statements of Happy Valley Nutrition Limited are for the six months ended 31 December 2021 attached. This document should be read in conjunction with the annual report for the year ended 30 June 2021 and any public announcements made in the period by the Company in accordance with continuous disclosure requirements.

Happy Valley Nutrition Limited is an ASX listed public company limited by shares, incorporated and domiciled in New Zealand. The Company is a for profit entity, registered in New Zealand under the Companies Act 1993.

For and on behalf of the board

Leanne Ralph

Company Secretary

23 February 2022

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Happy Valley Nutrition Limited

NZCN 5952532 (ARBN 636 597 101)

ASX Code: HVM

ASX Release

Condensed Interim Consolidated Financial Statements For the six months ended 31 December 2021

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Happy Valley Nutrition Limited

Contents

Directors' Report

Condensed Interim Consolidated Statement of Comprehensive Income

Condensed Interim Consolidated Statement of Changes in Equity

Condensed Interim Consolidated Statement of Financial Position

Condensed Interim Consolidated Cash Flows

Notes to the Condensed Interim Consolidated Financial Statements

Directors' declaration

Independent review report

General information

The Condensed Interim Consolidated Financial Statements of Happy Valley Nutrition Limited and its subsidiary are for the six months ended 31 December 2021.

The Condensed Interim Consolidated Financial Statements are presented in New Zealand dollars, which is Happy Valley Nutrition Limited's functional currency.

Happy Valley Nutrition Limited is an ASX listed public company limited by shares, incorporated and domiciled in New Zealand. It's registered office and principal place of business are:

96 St Georges Bay Road

Parnell

Auckland 1052

New Zealand

Happy Valley Nutrition Limited is in the process of constructing a vertically integrated, formulaic milk processing, blending and packaging facility (Facility) that produces infant milk formula (IMF) and other nutritional products for sale in the global export markets.

The Condensed Interim Consolidated Financial Statements for the six months ended at 31 December 2021 and 31 December 2020 have been reviewed but not audited.

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