HUDSON INVESTMENT GROUP LIMITED

ASX Announcement

21 April 2022

QUARTERLY REPORT AND ACTIVITY STATEMENT FOR THREE MONTHS TO 31 MARCH 2022

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

  • • Exploring potential Residential Development Application (DA) for the Bowen Hills QLD properties in addition to the mix use DA, approved in 2021, to provide the Company with additional options with regard to the best use development of the property.

  • • HGL now owns 100% of the Regent Street Property after HGL exercised the Option to purchase the remaining 70% of the Regent Street Property, in February 2022.

  • • All financial facilities have been rolled over and extended 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

  • • 41-43 Brookes Street, Bowen Hills Queensland (both collectively the Bowen Hills Properties); and

  • • 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 $90,000 were paid during the quarter ended 31 March 2022.

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

Rule 4.7B

Appendix 4C

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

(114)

(114)

(d)

investments

(2,800)

(2,800)

(e)

intellectual property

-

-

(f)

other non-current assets

-

-

Name of entity

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Hudson Investment Group Limited

ABN

25 004 683 729

Quarter ended ("current quarter")

31 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

390

- -

- -

(106)

(179)

- 3

(67)

-

- -

390

- -

- -

(106)

(179)

- 3

(67)

-

- -

41

41

2.

Cash flows from investing activities

2.1

Payments to acquire or for:

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

- - - 1,019 - - 408 - -

- - - 1,019 - - 408 - -

(1,487)

(1,487)

  • 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 (provide details if material)

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

- -

- -

1,400 - - - -

- -

- -

1,400 - - - -

1,400

1,400

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)

301

301

41

41

(1,487)

(1,487)

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

1,400

-

1,400

-

255

255

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 (legal deposit held on trust)

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

170 85 - -

188 113 - -

255

301

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

    90

  • 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 $75,000 were paid to Alan Beasley 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.

  • 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.

    Total facility amount at quarter end $A'000

    Amount drawn at quarter end

    $A'000

  • 7.1 Loan facilities

    11,125

  • 7.2 Credit standby arrangements

    -

  • 7.3 Other (please specify)

  • 7.4 Total financing facilities

    - 11,125

    10,384 - - 10,384

  • 7.5 Unused financing facilities available at quarter end

    741

  • 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

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

  • 8.2 Cash and cash equivalents at quarter end (item 4.6)

  • 8.3 Unused finance facilities available at quarter end (item 7.5)

  • 8.4 Total available funding (item 8.2 + item 8.3)

    $A'000 41 255 741 1,037

  • 8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1)

N/A

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.

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Hudson Investment Group Limited published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 05:34:02 UTC.