ASX ANNOUNCEMENT | 28 April 2017
Smart Parking Limited (ASX: SPZ) Appendix 4C | Q3 FY17Smart 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 commitmentsRule 4.7B
Name of entity |
Smart Parking Limited |
ABN | Quarter ended ("current quarter") |
45 119 327 169 | 31 March 2017 |
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
| (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:
| ||
1.10 | Proceeds from disposal of:
| - - - - - | - - - - - |
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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