For personal use only
HUDSON INVESTMENT GROUP LIMITED
ASX Announcement
31 January 2022
QUARTERLY REPORT AND ACTIVITY STATEMENT FOR THREE MONTHS TO 31 DECEMBER 2021
Hudson Investment Group Limited (HGL or the Company) (ASX:HGL) releases its Activities Report and Appendix 4C - Quarterly report for entities subject to Listing Rule 4.7B.
CORPORATE HIGHLIGHTS
- The sale of Unit 1, 171-175 Sparks Road, Halloran had been completed on 17th December 2021 for $4,700,000 (Nett)
- Exploring potential Residential Development Application (DA) for 41-47 Brookes Street, Bowen Hills QLD properties in addition to the approved mix use DA to provide the Company with additional options with regards to the development of the property
- The Put and Call Option to purchase the remaining 70% of the Regent Street Property located at 43 Regent Street, Woolloongabba QLD 4102 has been extended to 30th June 2022.
- New tenant for Warnervale land, signing lease for 7 years for 2 hectares of Industrial land on southside of the Bunnings tenancy
- All financial facilities have been rolled over to 2023/2024
ABOUT HUDSON INVESTMENT GROUP LTD
HGL is an ASX-listed Company focusing on industrial, residential and commercial property development, and currently owns the following properties:
- Unit 2, 171-175 Sparks Road, Halloran, New South Wales
- 59 Mountain Road, Halloran, New South Wales (both collectively the Warnervale Properties);
- 47 Brookes Street, Bowen Hills, Queensland
- 41-43Brookes Street, Bowen Hills Queensland (both collectively the Bowen Hills Properties); and
- 30% interest in 43 Regent Street, Woolloongabba, Queensland (the Regent Street Property)
Hudson Investment Group remains focused on developing its current property portfolio to strengthen its strategic positioning for future growth.
PAYMENTS TO RELATED PARTIES AND THEIR ASSOCIATES
Directors and services fees in the amounts of $96,000 were paid during the quarter ended 31 December 2021.
Approved and authorised for release by the Board of Directors.
For further information, please contact:
Alan Beasley - Managing Director
Telephone: + 61 2 9251 7177
Email:abeasley@higl.com.au
HUDSON INVESTMENT GROUP LIMITED
ACN 004 683 729
Level 5, 52 Phillip Sydney NSW 2000 Australia
T: +61 2 9251 7177 | F: +61 2 9251 7500 | www.higl.com.au | corporate@higl.com.au
For personal use only
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
Hudson Investment Group Limited
ABN | Quarter ended ("current quarter") |
25 004 683 729 | 31 December 2021 |
Consolidated statement of cash flows | Current quarter | Year to date ( 12 | ||
$A'000 | months) | |||
$A'000 | ||||
1. | Cash flows from operating activities | |||
1.1 | Receipts from customers | 377 | 1,522 | |
1.2 | Payments for | |||
(a) | research and development | - | - | |
(b) product manufacturing and operating | - | - | ||
costs | ||||
(c) | advertising and marketing | - | (25) | |
(d) | leased assets | - | - | |
(e) | staff costs | (23) | (317) | |
(f) administration and corporate costs | (461) | (1,187) | ||
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | 7 | 10 | |
1.5 | Interest and other costs of finance paid | (76) | (295) | |
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 | (176) | (292) | |
activities | ||||
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire or for: | |||
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) property, plant and equipment | (10) | (126) | ||
(d) | investments | (1,190) | (1,319) | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | - | - |
ASX Listing Rules Appendix 4C (17/07/20) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows | Current quarter | Year to date ( 12 | ||
$A'000 | months) | |||
$A'000 | ||||
2.2 | Proceeds from disposal of: | |||
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) | property, plant and equipment | 4,800 | 4,800 | |
(d) | investments | - | - | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | (408) | (408) | |
2.4 | Dividends received (see note 3) | - | - | |
2.5 | Other (provide details if material) | - | - | |
2.6 | Net cash from / (used in) investing | 3,192 | 2,947 | |
activities |
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 | 100 | 4,200 |
3.6 | Repayment of borrowings | (3,026) | (6,740) |
3.7 | Transaction costs related to loans and | - | - |
borrowings | |||
3.8 | Dividends paid | - | - |
3.9 | Other (provide details if material) | - | - |
3.10 | Net cash from / (used in) financing | (2,926) | (2,540) |
activities |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 | Cash and cash equivalents at beginning of | 211 | 186 |
period | |||
4.2 | Net cash from / (used in) operating | (176) | (292) |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | 3,192 | 2,947 |
(item 2.6 above) |
ASX Listing Rules Appendix 4C (17/07/20) | Page 2 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B
For personal use only
Consolidated statement of cash flows | Current quarter | Year to date ( 12 | |
$A'000 | months) | ||
$A'000 | |||
4.4 | Net cash from / (used in) financing activities | (2,926) | (2,540) |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | - | - |
cash held | |||
4.6 | Cash and cash equivalents at end of | 301 | 301 |
period | |||
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $A'000 | $A'000 | |
at the end of the quarter (as shown in the | |||
consolidated statement of cash flows) to the | |||
related items in the accounts | |||
5.1 | Bank balances | 188 | 158 |
5.2 | Call deposits | 113 | 53 |
5.3 | Bank overdrafts | - | - |
5.4 | Other (legal deposit held on trust) | - | - |
5.5 | Cash and cash equivalents at end of | 301 | 211 |
quarter (should equal item 4.6 above) | |||
6. | Payments to related parties of the entity and their | Current quarter | |
associates | $A'000 | ||
6.1 | Aggregate amount of payments to related parties and their | 96 | |
associates included in item 1 | |||
6.2 | Aggregate amount of payments to related parties and their | - | |
associates included in item 2 |
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.
Director fee $81,000 were paid to Alan Beasley, John Farey and Wei Huang for their services rendered. Services fee $15,000 were paid to an entity related to Wei Huang for the property services rendered.
ASX Listing Rules Appendix 4C (17/07/20) | Page 3 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B
only
7. Financing facilities
Note: the term "facility' includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity.
7.1 Loan facilities
7.2 Credit standby arrangements
7.3 Other (please specify)
7.4 Total financing facilities
Total facility | Amount drawn at |
amount at quarter | quarter end |
end | $A'000 |
$A'000 | |
11,125 | 8,984 |
- | - |
- | - |
11,125 | 8,984 |
For personal use
7.5 | Unused financing facilities available at quarter end | 2,141 |
7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.
Facility: $6.925M
Lender: CBA
Interest rate: 2.5% p.a
Secured: Secured over investment properties in NSW
Maturity: 31 August, 2023
Facility: $4.2M
Lender: St George Bank
Interest Rate: 2.08%
Secured: Secured over investment properties in Queensland
Maturity: 19 July 2024
8. | Estimated cash available for future operating activities | $A'000 |
8.1 | Net cash from / (used in) operating activities (item 1.9) | (176) |
8.2 | Cash and cash equivalents at quarter end (item 4.6) | 301 |
8.3 | Unused finance facilities available at quarter end (item 7.5) | 2,141 |
8.4 | Total available funding (item 8.2 + item 8.3) | 2,442 |
8.5 | Estimated quarters of funding available (item 8.4 divided by | 13 |
item 8.1) | ||
Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a | ||
figure for the estimated quarters of funding available must be included in item 8.5. |
ASX Listing Rules Appendix 4C (17/07/20) | Page 4 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Hudson Investment Group Limited published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 02:40:02 UTC.