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

  • 1. Cash flows from operating activities

  • 1.1 Receipts from customers

  • 1.2 Payments for

    • (a) research and development

    • (b) product manufacturing and operating costs

    • (c) advertising and marketing

    • (d) leased assets

    • (e) staff costs

    • (f) administration and corporate costs

  • 1.3 Dividends received (see note 3)

  • 1.4 Interest received

  • 1.5 Interest and other costs of finance paid

  • 1.6 Income taxes paid

  • 1.7 Government grants and tax incentives

  • 1.8 Other (provide details if material)

  • 1.9 Net cash from / (used in) operating activities

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

  • 2.2 Proceeds from disposal of:

    • (a) entities

    • (b) businesses

    • (c) property, plant and equipment

    • (d) investments

    • (e) intellectual property

    • (f) other non-current assets

  • 2.3 Cash flows from loans to other entities

  • 2.4 Dividends received (see note 3)

  • 2.5 Other (provide details if material)

  • 2.6 Net cash from / (used in) investing activities

- - - - - - - - -

- - - - - - - - -

(29)

(29)

  • 3. Cash flows from financing activities

  • 3.1 Proceeds from issues of equity securities (excluding convertible debt securities)

  • 3.2 Proceeds from issue of convertible debt securities

  • 3.3 Proceeds from exercise of options

  • 3.4 Transaction costs related to issues of equity securities or convertible debt securities

  • 3.5 Proceeds from borrowings

  • 3.6 Repayment of borrowings

  • 3.7 Transaction costs related to loans and borrowings

  • 3.8 Dividends paid

  • 3.9 Other (repayment of lease liabilities)

  • 3.10 Net cash from / (used in) financing activities

- -

- -

- (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

  • 5.1 Bank balances

  • 5.2 Call deposits

  • 5.3 Bank overdrafts

  • 5.4 Other (provide details)

  • 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)

7,153 - - -

9,379 - - -

7,153

9,379

6.

Payments to related parties of the entity and their associates

Current quarter

$A'000

  • 6.1 Aggregate amount of payments to related parties and their associates included in item 1

    403

  • 6.2 Aggregate amount of payments to related parties and their associates included in item 2

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.