28 April 2022
ASX Release
Appendix 4C - Quarterly cash flow report
Aquis Entertainment Limited ACN 147 411 881 (Aquis or the Company) (ASX: AQS) attaches the Appendix 4C
Quarterly cash flow report for the quarter 1 January 2022 to 31 March 2022.
Business activities
Aquis' ordinary business activities are the operation of Casino Canberra, incorporating Natural Nine restaurant.
During the quarter, the business was impacted by the acceleration in the number of Covid-19 cases in the ACT and its surrounding region with approximately 25% of the Casino workforce being affected early in the January.
In February, the ACT Government relaxed the Covid-19 trading capacity restrictions, and Casino trading returned to pre-Covid normality, including staffing levels returning to normal.
Business revenues were strong for the quarter ended 31 March 2022 and trading results exceeded the budgeted EBITDA.
There were no other substantive business activities during the quarter.
Expenditure
Total expenditure during the quarter on business activities totalled $9.607m which includes $3.976m in payroll expenses and $5.631m in other operating expenses.
Related party transactions
Total payments made to related parties included in the above expenditure, during the quarter was $403,000.
This expenditure represents non-executive directors' fees to Mr Alex Chow, Mr Russell Shields and Mr Mark Purtill, as well as the CEO/executive director's remuneration to Ms Allison Gallaugher.
Repayments of principal on the finance facility totalling $2.5m were made to the group's financier Aquis Canberra Holdings Pty Limited, which is also the group's major shareholder.
No other related party transactions occurred during the quarter.
Authorised for release by:
The Board of Directors
Enquiries please contact:
Allison Gallaugher
Chief Executive Officer Aquis Entertainment Limited 21 Binara Street
Canberra ACT 2601
M: +61 403 014 882
T: +61 262 433 700
E:allison.gallaugher@casinocanberra.com.au
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
AQUIS ENTERTAINMENT LIMITED
ABN
48 147 411 881
Quarter ended ("current quarter")
March 2022
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (3 months) $A'000 |
| 9,880 - (4,559) (599) - (3,976) (473) - 5 - - 25 - | 9,880 - (4,559) (599) - (3,976) (473) - 5 - - 25 - |
303 | 303 |
2.
Cash flows from investing activities
2.1
Payments to acquire or for:
(a) | entities | - | - |
(b) | businesses | - | - |
(c) | property, plant and equipment | (29) | (29) |
(d) | investments | - | - |
(e) | intellectual property | - | - |
(f) | other non-current assets | - | - |
Page 1 |
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (3 months) $A'000 |
| - - - - - - - - - | - - - - - - - - - |
(29) | (29) |
| - - - - - (2,500) - - - | - - - - - (2,500) - - - |
(2,500) | (2,500) |
4.
Net increase / (decrease) in cash and cash equivalents for the period
4.1
Cash and cash equivalents at beginning of period
4.2
Net cash from / (used in) operating activities (item 1.9 above)
4.3
Net cash from / (used in) investing activities (item 2.6 above)
9,379 303
9,379 303
(29)
(29)
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (3 months) $A'000 | |
4.4 4.5 4.6 | Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held Cash and cash equivalents at end of period | (2,500) - | (2,500) - |
7,153 | 7,153 |
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts | Current quarter $A'000 | Previous quarter $A'000 |
| 7,153 - - - | 9,379 - - - |
7,153 | 9,379 |
6. Payments to related parties of the entity and their associates | Current quarter $A'000 |
nil Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. |
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Aquis Entertainment Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 04:13:07 UTC.