NSX Quarterly Report

Quarterly Report

Name of entity

K2 Energy Limited

ABN

Quarter ended ("current quarter")

99 106 609 143

31st December 2021

Consolidated statement of cash flows

Current quarter

Year to date

Cash flows related to operating activities

$A'000

(6 months)

$A'000

1.1

Receipts from customers

-

-

1.2

Payments for

(a)

staff costs

-

-

(b)

advertising and marketing

-

-

(c)

research and development

-

-

(d)

leased assets

-

-

(e)

other working capital

-

-

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature

-

-

received

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Other (provide details if material)

(19)

(61)

Net operating cash flows

(19)

(61)

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NSX Quarterly Report

Current quarter

Year to date

$A'000

(3 months)

$A'000

1.8

Net operating cash flows (carried forward)

(19)

(61)

Cash flows related to investing activities

1.9

Payment for acquisition of:

(a) businesses (item 5)

-

-

(b) equity investments

-

-

(c) intellectual property

-

-

(d) physical non-current assets

-

-

(e) other non-current assets

-

-

1.10

Proceeds from disposal of:

(a) businesses (item 5)

-

-

(b) equity investments

-

-

(c) intellectual property

-

-

(d) physical non-current assets

-

-

(e) other non-current assets

-

-

1.11

Loans to other entities

-

-

1.12

Loans repaid by other entities

-

-

1.13

Other (provide details if material)

-

-

Net investing cash flows

-

-

1.14

Total operating and investing cash flows

(19)

(61)

Cash flows related to financing activities

1.15

Proceeds from issues of shares, options,

-

-

etc.

1.16

Proceeds from sale of forfeited shares

-

-

1.17

Proceeds from borrowings

-

-

1.18

Repayment of borrowings

-

-

1.19

Dividends paid

-

-

1.20

Other (provide details if material)

-

-

Net financing cash flows

-

-

Net increase (decrease) in cash held

1.21

Cash at beginning of quarter/year to date

491

533

1.22

Exchange rate adjustments to item 1.20

-

-

1.23

Cash at end of quarter

472

472

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NSX Quarterly Report

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

Current quarter

$A'000

1.24

Aggregate amount of payments to the parties included in item 1.2

3

1.25

Aggregate amount of loans to the parties included in item 1.11

-

1.26 Explanation necessary for an understanding of the transactions

-

Non-cash financing and investing activities

  1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
    -
  2. Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest
    -

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

  1. Loan facilities
  2. Credit standby arrangements

Amount available

Amount used

$A'000

$A'000

-

-

-

-

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NSX Quarterly Report

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as

Current quarter

Previous quarter

shown in the consolidated statement of cash flows)

$A'000

$A'000

to the related items in the accounts is as follows.

4.1

Cash on hand and at bank

38

57

4.2

Deposits at call

434

434

4.3

Bank overdraft

-

-

4.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

472

491

Acquisitions and disposals of business entities

Acquisitions

Disposals

(Item 1.9(a))

(Item 1.10(a))

5.1

Name of entity

-

-

5.2

Place of

-

incorporation or

-

registration

5.3

Consideration for

-

acquisition or

-

disposal

5.4

Total net assets

-

-

5.5 Nature of business

-

-

Compliance statement

  1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to NSX.
  2. This statement does give a true and fair view of the matters disclosed.

Sign here:

............................................................ Date: 25th January 2022

Company secretary

Print name:

Terence Flitcroft

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NSX Quarterly Report

Notes

  1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
  2. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.
  • 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss
  • 9.2 - itemised disclosure relating to acquisitions
  • 9.4 - itemised disclosure relating to disposals
  • 12.1(a) - policy for classification of cash items
  • 12.3 - disclosure of restrictions on use of cash
  • 13.1 - comparative information

3. Accounting Standards. NSX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

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K2 Energy Limited published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 05:16:02 UTC.