ASX ANNOUNCEMENT | 28 April 2017

Smart Parking Limited (ASX: SPZ) Appendix 4C | Q3 FY17

Smart Parking Limited (ASX: SPZ) (Company) is a global car parking technology business providing effective parking management solutions around the world. Our world leading technology for parking design, development and management is deployed across two core divisions:

  • Management Services operates exclusively in the United Kingdom, specialises in managing car parks on behalf of retail customers, land owners and managing agents and currently generates 90% of Smart Parking's revenue.

  • Technology has a global presence and designs, develops and specialises in on-street and off-street bay sensor technology and data communication software, enabling clients to manage parking efficiently and cost effectively.

    Appendix 4C - March 2017

    Friday 28 April, 2017 - Global parking technology business Smart Parking Limited (ASX:SPZ) 'Smart Parking' or 'the Company') is pleased to release its Appendix 4C for the third quarter, ending 31 March 2017.

    The Company notes the following:

  • Operating cash flows of $0.15m were down $0.2m from the prior quarter with the impact of seasonality in the Management Services division.

  • The Management Services Division incurred $0.2m of capital expenditure during the quarter.

  • Management anticipate that operating cash flow will improve in Q4 with the ongoing deployment of technology solutions and the impact of seasonality in the UK Management Services division along with increased receipts in the Technology division.

  • The Company had cash on hand (excluding client funds) of $13.7m at 31 March.

CONTACT SMART PARKING

Smart Parking

Paul Gillespie

Chief Executive Officer paul.gillespie@smartparking.com

Richard Ludbrook Chief Financial Officer

richard.ludbrook@smartparking.com

Media & Investor Enquiries

Julia Maguire

T: +61 419 815 386

investorinfo@smartparking.com

www.smartparking.com

Smart Parking Limited (ASX:SPZ) | A Global Parking Technology Business Smart Parking Limited (ASX:SPZ) is a global car parking technology business providing effective parking management solutions around the world. Our world leading technology for parking design, development and management is deployed across two core divisions.

Management Services operates exclusively in the United Kingdom, specialises in managing car parks on behalf of retail customers, land owners and managing agents and currently generates 90% of Smart Parking's revenue. Technology has a global presence and designs, develops and specialises in on-street and off-street bay sensor technology and data communication software, enabling clients to manage parking efficiently and cost effectively.

Smart Parking is a global company with offices in the UK, New Zealand and Australia and listed on the Australian Securities Exchange. To learn more please visit: www.smartparking.com

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

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

Rule 4.7B

Name of entity

Smart Parking Limited

ABN

Quarter ended ("current quarter")

45 119 327 169

31 March 2017

Consolidated statement of cash flows

Cash flows related to operating activities

Current quarter

$A'000

Year to date

$A'000

1.1(a)

Receipts from customers

5,988

18,225

1.2

Payments for (a) staff costs

  1. advertising and marketing

  2. support and development

  3. inventory

  4. other working capital

  5. costs of acquisition

  6. restructuring costs

  7. non-recurring professional fees

(2,386)

(50)

- (105)

(3,320)

-

-

-

(7,370)

(173)

- (638)

(10,166)

-

-

-

1.3

Dividends received

-

-

1.4

Interest received

34

40

1.5

Interest and other costs of finance paid

(16)

(20)

1.6

Income taxes paid

-

-

1.7

Other income

-

-

Net operating cash flows before movement in client funds

145

(102)

1.1(b)

Movement in Client cash balances *

(251)

(121)

Net operating cash flows

(106)

(223)

* Cash in any quarter may be impacted by the timing of distributions of client cash.

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

Current quarter

$A'000

Year to date

$A'000

1.8

Net operating cash flows (carried forward)

(106)

(223)

Cash flows related to investing activities

-

-

- (176)

-

-

-

- (527)

-

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

-

-

-

-

-

-

-

-

-

-

1.11

Loans to other entities

-

-

1.12

Loans repayments made

-

-

1.13

Other (Other Income)

-

-

Net investing cash flows

(176)

(527)

1.14

Total operating and investing cash flows

(282)

(750)

Cash flows related to financing activities

-

11,608

1.15

Proceeds from issue of shares

1.16

Share issue costs

(223)

(472)

1.17

Proceeds from borrowings

-

81

1.18

Repayment of borrowings

(40)

(69)

1.19

Dividends paid

-

-

1.20

Other- exercise of options

-

-

Net financing cash flows

(263)

11,148

Net increase (decrease) in cash held

(545)

10,398

1.21

Cash at beginning of quarter/year to date

14,987

4,141

1.22

Exchange rate adjustments

(64)

(161)

1.23

Cash at end of quarter

14,378

14,378

Smart Parking Limited published this content on 27 April 2017 and is solely responsible for the information contained herein.
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