QRXPHARMA LTD. Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.
Name of entity
QRxPharma Limited
Rule 4.7B
ABN Quarter ended ("current quarter")
16 102 254 151 31 March 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
(d) leased assets
(e) other working capital
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 taxes refund / (paid)
1.7 Other - Escrow account (deposit) / receipts(i)
Other - Cost recoveries
Net operating cash flows
(i) On 4 July 2014 the Company entered into an Escrow Deed arrangement with its current employees, consultants and the former CEO, covering potential liabilities arising from i) Notice entitlements, ii) Termination payments and where applicable, iii) Retention payments, for an aggregate amount of A$3.6 million. The Company deposited these funds into a bank account under the administration of an escrow agent in accordance with the terms of the Escrow Deed. The escrow cash was principally held in US dollars which has appreciated against the Australian dollar over the last 9 months, with a foreign exchange gain of A$0.6 million. Year to date A$3.7 million has been received from the escrow agent in settlement of a significant portion of these liabilities.
+ See chapter 19 for defined terms.
24/10/2005 Appendix 4C Page 1
Appendix 4C Quarterly report for entities admitted on the basis of commitmentsCurrent quarter $A'000 | Year to date (9 months) $A'000 | |
1.8 Net operating cash flows (carried forward) | (235) | (7,536) |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other (Bank Accepted Commercial bills and Term Deposit with maturity greater than 3 months) Net investing cash flows 1.14 Total operating and investing cash flows | - - - - - - - - - - - - - | - - - (7) - - - - - - - - - |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other (Bank Accepted Commercial bills and Term Deposit with maturity greater than 3 months) Net investing cash flows 1.14 Total operating and investing cash flows | - | (7) |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other (Bank Accepted Commercial bills and Term Deposit with maturity greater than 3 months) Net investing cash flows 1.14 Total operating and investing cash flows | (235) | (7,543) |
Cash flows related to financing activities 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 Net financing cash flows | - - - - - - | - - - - - - |
Cash flows related to financing activities 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 Net financing cash flows | - | - |
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter | (235) 3,452 163 | (7,543) 10,525 398 |
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter | 3,380 | 3,380 |
+ See chapter 19 for defined terms.
Appendix 4C Page 2 24/10/2005
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 36
1.25 Aggregate amount of loans to the parties included in item 1.11 -
1.26 Explanation necessary for an understanding of the transactions
Payments represent directors' fees.
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
Nil
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
Nil
Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).
3.1 Loan facilities
3.2 Credit standby arrangements
+ See chapter 19 for defined terms.
24/10/2005 Appendix 4C Page 3
Appendix 4C Quarterly report for entities admitted on the basis of commitments Reconciliation of cashReconciliation 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.
Acquisitions and disposals of business entities
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
+ See chapter 19 for defined terms.
Appendix 4C Page 4 24/10/2005
Compliance statement Appendix 4C Quarterly report for entities admitted on the basis of commitments1 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: 22 April 2015 (Company Secretary)
Print name: Chris J Campbell
Notes1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2. 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
3. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
+ See chapter 19 for defined terms.
24/10/2005 Appendix 4C Page 5
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