DTI GROUP LIMITED For personal use only
29th July 2022
DTI GROUP LTD (ASX:DTI) QUARTERLY BUSINESS ACTIVITY REPORT & APPENDIX 4C
Australian technology provider DTI Group Ltd ("DTI") (ASX: DTI), releases its Quarterly Business Activity Report and Appendix 4C Cash Flow Report for the quarter ending 30th June 2022.
Net operating cash outflow was $0.58M for the quarter and $1.3M for the year-to-date. A cash equivalent balance of $1.55M is reported as of 30th June 2022.
Business Activity
DTI is focused on the delivery of the products and services to customers which include:
- Alstom Transport India Ltd
- Metro Trains Melbourne
- Brisbane City Council
- Siemens Mobility, Inc
Orders have been received for the new digital recorder systems targeting the bus segment.
The global shortage of semi-conductors and electronic components continues to impact the delivery times for some hardware products.
Forward Outlook
DTI is focused on successfully delivering the pipeline of contracted opportunities, improving the engagement with existing customers and potential customers, and continuing the development of products which are attractive to target market segments.
Appendix 4C:
The quarterly cashflow report (4C) for the quarter details expenditure on the abovementioned operations. During the quarter, $2.1M was expended on product manufacturing and operations, $0.85M on staff costs and $0.35M on administration.
A cash equivalent balance of $1.55M is reported as of 30th June 2022. Net operating cash outflow was $0.58M for the quarter, and $1.3M for the year-to-date.
In accordance with Listing Rule 4.7C, payments made to related parties and their associates are included in Appendix 4C section 6.1 and these payments are entirely for Directors' fees.
This ASX communication has been approved for release by Mr. Greg Purdy, Chairman.
About DTI Limited
DTI develops and provides world-leading surveillance, video analytics, and passenger information systems technology and services to the worldwide mobile transit industry. Our customers include transit agencies, vehicle operators, vehicle manufacturers, and law enforcement agencies. Products and services include on-board recording equipment, passenger information equipment, fleet management systems, back-end mass storage and retrieval facilities, and end-to-end managed services.
Core technology development and systems design activities are undertaken from the company's headquarters in Perth, Australia.
D T I G R O U P L T D | Page | 1 |
For personal use only
For further information, please contact:
Mr. Matt Strack
Chief Executive Officer +61 447 007 505
Mr. Ian Hobson Company Secretary +61 (8) 9388 8290
D T I G R O U P L T D | Page | 2 |
Appendix 4C - Quarterly cash flow report for entities subject to Listing Rule 4.7B
For personal use only
D T I G R O U P L T D | Page | 3 |
Appendix 4C | +Rule 4.7B |
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
For personal use only
DTI Group Limited | ||
ABN | Quarter ended ("current quarter") | |
15 069 791 091 | 30/06/2022 | |
Year to date | ||||||
Consolidated statement of cash flows | Current quarter $A'000 | (12 months) | ||||
$A'000 | ||||||
1.0 | Cash flows from operating activities | |||||
1.1 | Receipts from customers | 2,891 | 17,733 | |||
Receipt of Government Grant revenue* | 0 | 0 | ||||
1.2 | Payments for | |||||
(a) research and development | -78 | -392 | ||||
(b) product manufacturing and operating costs | -2,078 | -10,920 | ||||
(c) advertising and marketing | -29 | -34 | ||||
(d) leased assets | -53 | -139 | ||||
(e) staff costs | -853 | -4,675 | ||||
(f) administration and corporate costs | -335 | -2,710 | ||||
1.3 | Dividends received (see note 3) | 0 | 0 | |||
1.4 | Interest received | 0 | 1 | |||
1.5 | Interest and other costs of finance paid | -13 | -43 | |||
1.6 | Income taxes paid | 0 | 0 | |||
1.7 | Government grants and tax incentives | 0 | 0 | |||
1.8 | Other (GST) | -41 | -121 | |||
Net cash from / (used in) operating activities | ||||||
1.9 | -588 | -1,300 | ||||
Current quarter | Year to date | |||||
2.0 | Cash flows from investing activities | (12 months) | ||||
$A '000 | ||||||
$A'000 | ||||||
2.1 Payments to acquire:
- entities
- businesses
(c) property, plant and equipment | -2 | -4 |
- investments
- intellectual property
- other non-current assets
2.2 Proceeds from disposal of:
- entities
- businesses
(c) property, plant and equipment | 0 | 16 |
- investments
- intellectual property
- other non-current assets
- Cash flows from loans to other entities
- Dividends received (see note 3)
2.5 | Other (provide details if material) | 0 | 0 |
2.6 | |||
Net cash from / (used in) investing activities | -2 | 13 |
For personal use only
Current quarter | Year to date | ||
3.0 | Cash flows from financing activities | (12 months) | |
$A '000 | |||
$A'000 | |||
3.1 | Proceeds from issues of equity securities | 0 | 2,010 |
(excluding convertible debt securities) | |||
- Proceeds from issue of convertible debt securities
- Proceeds from exercise of options
- Transaction costs related to issues of equity securities or convertible debt securities
3.5 | Proceeds from borrowings | 0 | 1,000 |
3.6 | Repayment of borrowings | 0 | -1,000 |
- Transaction costs related to loans and borrowings
- Dividends paid
3.9 | Other (provide details if material) | 0 | 0 | |||
3.10 | ||||||
Net cash from / (used in) financing activities | 0 | 2,010 | ||||
Net increase / (decrease) in cash and | Current quarter | Year to date | ||||
4.0 | (12 months) | |||||
cash equivalents for the period | $A '000 | |||||
$A'000 | ||||||
4.1 | Cash and cash equivalents at beginning of | 2,075 | 766 | |||
quarter/year to date | ||||||
4.2 | Net cash from / (used in) operating activities | -588 | -1,300 | |||
(item 1.9 above) | ||||||
4.3 | Net cash from / (used in) investing activities | -2 | 13 | |||
(item 2.6 above) | ||||||
4.4 | Net cash from / (used in) financing activities | 0 | 2,010 | |||
(item 3.10 above) | ||||||
4.5 | Effect of movement in exchange rates on cash | 73 | 70 | |||
held | ||||||
4.6 | Cash and cash equivalents at end of quarter | 1,558 | 1,558 | |||
Reconciliation of cash and cash | Current quarter | Previous quarter | ||||
equivalents | ||||||
5.0 at the end of the quarter (as shown in the
consolidated statement of cash flows) to the | $A'000 | $A'000 | |
related items in the accounts | |||
5.1 | Bank balances | 1,558 | 2,075 |
- Call deposits
- Bank overdrafts
- Other (provide details)
5.5 | Cash and cash equivalents at end of quarter | 1,558 | 2,075 | ||
(should equal item 4.6 above) | |||||
6.0 | Payments to related entities 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 - Director/Secretary payments | -37 | ||||
6.2 | Aggregate amount of payments to related parties and their associates | ||||
included in item 2 | 0 | ||||
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
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
DTI Group Ltd. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 22:03:09 UTC.
