MEDIVAC LTD 
By MediVac Limited ASX Announcement Code: MDV
ABN 64 055 747 941
Wednesday 18 April, 2012
Company Announcements Office, Australian Securities Exchange
Limited
20 Bridge Street, Sydney NSW 2000
DIRECTORS COMMENTARY TO APPENDIX 4C REPORT FOR THE QUARTER ENDED MARCH 31, 2012
Cash continued to be invested during the quarter on inventory
build for the new MetaMizer 240 SSS clinical waste
remediation devices, ahead of anticipated sales, and key
activities behind the development of the SunnyWipes
professional range, including the new Antimicrobial Surgical
Hand Rub and associated costs for intellectual property
protection.
These activities were funded by drawdowns of $600,000 from
the La Jolla Convertible Note facility. Debt was reduced by
$453,600 through conversions of debt into equity under the La
Jolla facility.
Paul McPherson
Executive Chairman
About MediVac Limited: "MDV"
MediVac delivers cleaner, safer healthcare solutions.
MediVac Technology offers a best practice solution to the
handling and remediation of clinical waste. The MetaMizer is
an environmentally friendly alternative waste management
system for hospitals and quarantine facilities, providing
sterile, safe waste disposal on site and reducing waste to
landfill by up to 90%.
SunnyWipes are a range of powerful hard surface wipes and
hand sanitising gels produced with ingredients derived from
natural sources. Using green chemistry, SunnyWipes provides a
more natural solution for infection control and disinfection
on topical skin and non-porous hard surfaces. SunnyWipes
decrease human and environmental health risks.
3 Binney Road, Kings Park, NSW 2148 Australia Phone: +61 (0)2 9630 0633
P O Box 656 Baulkham
Hills NSW 1755 Fax: +61 (0)2 9630 0533
www.medivac.com.au
Appendix 4C Quarterly report for entities
admitted on the basis of commitments
Appendix 4C
Quarterly report for entities admitted
on the basis of commitments
Rule 4.7B
.
Name of entity
Medivac Limited
ABN Quarter ended ("current quarter")
64 055 747 941 31st March 2012
Consolidated statement of cash flows
Cash flows related to operating activities
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 (R&D Grants)
Net operating cash flows
Appendix 4C Page 1
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Current quarter $A | Year to date (9 months) $A | |
1.8 Net operating cash flows (carried forward) | (838,565) | (1,559,202) |
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 Cash acquired on acquisition of subsidiary Net investing cash flows 1.14 Total operating and investing cash flows | 0 0 0 (6,242) 0 0 0 0 0 0 0 0 0 | 0 0 0 (9,222) 0 0 0 0 0 0 0 0 0 |
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 Cash acquired on acquisition of subsidiary Net investing cash flows 1.14 Total operating and investing cash flows | (6,242) | (9,222) |
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 Cash acquired on acquisition of subsidiary Net investing cash flows 1.14 Total operating and investing cash flows | (844,807) | (1,568,424) |
Cash flows related to financing activities 1.15 Net 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 | 453,600 0 600,000 (653,600) 0 0 | 1,164,070 0 1,994,880 (1,502,202) 0 0 |
Cash flows related to financing activities 1.15 Net 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 | 400,000 | 1,656,748 |
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter | (444,807) 761,094 0 | 88,324 227,963 0 |
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter | 316,287 | 316,287 |
Appendix 4C Page 2
Appendix 4C Quarterly report for entities
admitted on the basis of commitments
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
1.24 Aggregate amount of payments to the parties included in item 1.2 96,960
1.25 Aggregate amount of loans to the parties included in item 1.18 0
1.26 Explanation necessary for an understanding of the transactions
Item 1.24 includes payments made to executive and non-executive directors as either contract management fees or wages.
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
N/A
2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest
N/A
Financing facilities available
Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).
3.1 Loan facilities
3.2 Credit standby arrangements
Appendix 4C Page 3
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.
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 ASX.
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 18/4/2012 (Executive Chairman)
Print name: Paul McPherson
Appendix 4C Page 4
Appendix 4C Quarterly report for entities
admitted on the basis of commitments
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. ASX 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.
Appendix 4C Page 5
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