ADSLOT LIMITED Appendix 4C -‐ Quarterly report for entities
admitted on the basis of commitments
Appendix 4C - Quarterly report Commentary for the quarter ending 30 June 2015Cash receipts from customers for the June quarter were $2.54 million, an increase of 15.1% or
$0.334 million versus the March quarter, and a third consecutive quarter of growth in cash receipts.
Net operating cash showed an outflow of $1.64 million for the June quarter compared to an inflow of $0.39 million for the March quarter. The March quarter included receipt of the annual R&D Tax Incentive payment for the FY2014 year of $2.07 million. Excluding this receipt, cash outflow for the March quarter would have been $1.68 million.
The Company expects cash outflows will decrease in coming quarters, as Trading Technology
revenues continue to grow and operating costs remain flat.
Cash at the end of the June quarter was $4.44 million.
+ See chapter 19 for defined terms.
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Appendix 4C -‐ Quarterly report for entities admitted on the basis of commitments
Appendix 4C Quarterly report for entities admitted on the basis of commitmentsName of entity
ADSLOT LTD
ABN Quarter ended ("current quarter")
70 001 287 510 30 June 2015
Consolidated statement of cash flowsCash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for: (a) staff costs (b) advertising and marketing (c) research and development (Note 4) (d) leased assets (e) website publisher payments (f) other cost of sales (g) other working capital/overheads 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income and Other taxes paid 1.7 Other - R&D Tax Incentive - Government grant Net operating cash flows | Current quarter $A'000 | Year to date (12 months) $A'000 |
Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for: (a) staff costs (b) advertising and marketing (c) research and development (Note 4) (d) leased assets (e) website publisher payments (f) other cost of sales (g) other working capital/overheads 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income and Other taxes paid 1.7 Other - R&D Tax Incentive - Government grant Net operating cash flows | 2,540 (1,737) (36) (907) (1) (725) (163) (768) - 46 - (4) - 112 | 8,279 (6,556) (202) (3,639) (2) (1,530) (638) (3,128) - 184 - (20) 2,065 112 |
Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for: (a) staff costs (b) advertising and marketing (c) research and development (Note 4) (d) leased assets (e) website publisher payments (f) other cost of sales (g) other working capital/overheads 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income and Other taxes paid 1.7 Other - R&D Tax Incentive - Government grant Net operating cash flows | (1,643) | (5,075) |
+ See chapter 19 for defined terms.
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+ See chapter 19 for defined terms.
Appendix 4C -‐ Quarterly report for entities admitted on the basis of commitments
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Appendix 4C -‐ Quarterly report for entities admitted on the basis of commitments
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entitiesCurrent quarter $A'000 | ||
1.24 | Aggregate amount of payments to the parties included in item 1.2 | 71 |
1.25 | Aggregate amount of loans to the parties included in item 1.11 | - |
1.26 | Explanation necessary for an understanding of the transactions Directors Fees of $71k. In addition, item 1.1 includes receipts from trading with entities associated with Directors of $2k. |
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
N/A
2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest
N/A
Financing facilities availableAdd notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).
Amount available $A'000 | Amount used $A'000 | ||
3.1 | Loan facilities | - | - |
3.2 | Credit standby arrangements | - | - |
+ See chapter 19 for defined terms.
Appendix 4C Page 4 24/10/2005
Reconciliation of cashAppendix 4C -‐ Quarterly report for entities admitted on the basis of commitments
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. | Current quarter $A'000 | Previous quarter $A'000 |
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other | 1,048 | 1,300 |
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other | 3,393 | 4,778 |
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other | - | - |
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other | - | - |
Total: cash at end of quarter (item 1.23) | 4,441 | 6,078 |
5.1 Name of entity
5.2 Place of incorporation or registration
5.3 Consideration for acquisition or disposal
5.4 Total net assets
5.5 Nature of business
Compliance statement
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 30 July 2015
Company Secretary
Print name: Brendan Maher
+ See chapter 19 for defined terms.
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Appendix 4C -‐ Quarterly report for entities admitted on the basis of commitments
Notes1. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.
• 6.2 -‐ reconciliation of cash flows arising from operating activities to operating profit or loss
• 9.2 -‐ itemised disclosure relating to acquisitions
• 9.4 -‐ itemised disclosure relating to disposals
• 12.1(a) -‐ policy for classification of cash items
• 12.3 -‐ disclosure of restrictions on use of cash
• 13.1 -‐ comparative information
2. Exchange Rate Adjustment (1.22): Represents accounting adjustment related to conversion of US dollar, NZ dollar, GB pound and Euro bank account balances to local currency.
3. Proceeds from issue of shares (1.2a & 1.15): Includes $6.5m funds raised from a share placement and $23k received from options exercised by an employee.
4. Research & Development (1.2c): Represents direct payroll and on-‐costs related to on-‐going technology development work compliant with R&D Grant regulations.
+ See chapter 19 for defined terms.
Appendix 4C Page 6 24/10/2005
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