27 July 2016
ASX ANNOUNCEMENT
Appendix 4C - Quarterly Cash Flow to 30 June 2016 - Commentary
-
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.
- 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 commitmentsIntroduced 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 |
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
| (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:
| ||
1.10 | Proceeds from disposal of:
| - - - 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 entitiesCurrent 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 activities2.1 | 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 |
- |
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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