27 July 2016

ASX ANNOUNCEMENT

Appendix 4C - Quarterly Cash Flow to 30 June 2016 - Commentary

  1. Cash Balance 30 June 2016

    The cash balance at 30 June 2016 was impacted by;

    • Delayed receipts of $270k from one of our overseas customers, and

    • Ramp up in R&D and costs associated with the testing, development and launch of the new Polymer brake.

  2. Quarter 1 FY17

The next quarter to 30 September 2016 will benefit from the receipt of the R&D Rebate of approximately $800k.

Yours faithfully

Neville Walker Company Secretary

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.

Rule 4.7B

Name of entity

ADVANCED BRAKING TECHNOLOGY LTD

ABN

Quarter ended ("current quarter")

66 099 107 623

30 JUNE 2016

Consolidated statement of cash flows

Cash flows related to operating activities

Current quarter

$A'000

Year to date (12 months)

$A'000

1.1

Receipts from customers

1,410

4,593

1.2

Payments for (a) staff costs

  1. advertising and marketing

  2. research and development

  3. leased assets

  4. other working capital

(626)

- (170)

(25)

(1,245)

(2,445)

(12)

(760)

(127)

(4,020)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received

3

14

1.5

Interest and other costs of finance paid

(82)

(270)

1.6

Income taxes paid

-

-

1.7

Other - Grants and R&D tax incentive

7

776

Net operating cash flows

(728)

(2,251)

Current quarter

$A'000

Year to date (12 months)

$A'000

1.8

Net operating cash flows (carried forward)

(728)

(2,251)

Cash flows related to investing activities

-

-

- (36)

-

-

-

- (163)

-

1.9

Payment for acquisition of:

  1. businesses (item 5)

  2. equity investments

  3. intellectual property

  4. physical non-current assets

  5. other non-current assets

1.10

Proceeds from disposal of:

  1. businesses (item 5)

  2. equity investments

  3. intellectual property

  4. physical non-current assets

  5. other non-current assets

-

-

- 18

-

-

-

- 49

-

1.11

Loans to other entities

-

-

1.12

Loans repaid by other entities

-

-

1.13

Other (provide details if material)

-

-

Net investing cash flows

(18)

(114)

1.14

Total operating and investing cash flows

(746)

(2,365)

Cash flows related to financing activities

-

1,881

1.15

Proceeds from issues of shares, options, etc.

1.16

Proceeds from sale of forfeited shares

-

-

1.17

Proceeds from borrowings

-

-

1.18

Repayment of borrowings

-

-

1.19

Dividends paid

-

-

1.20

Other - Payment for Cost of share issue

-

(138)

Net financing cash flows

-

1,743

Net increase (decrease) in cash held

(746)

(622)

1.21

Cash at beginning of quarter/year to date

1,633

1,509

1.22

Exchange rate adjustments

-

-

1.23

Cash at end of quarter

887

887

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 entities

Current quarter

$A'000

1.24

Aggregate amount of payments to the parties included in item 1.2(a)

54

1.25

Aggregate amount of loans to the parties included in item 1.11

-

1.26 Explanation necessary for an understanding of the transactions

-

Non-cash financing and investing activities

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

-

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

-

Financing facilities available

Add 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

434

-

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