QUESTUS LIMITED Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity | ||
Questus Limited | ||
ABN | Quarter ended ("current quarter") | |
26 100 460 035 | 31 December 2020 | |
Consolidated statement of cash flows | Current quarter | Year to date |
$A'000 | (.......months) | |
$A'000 |
1. Cash flows from operating activities
1.1 Receipts from customers | 470 | 1,727 |
1.2 Payments for
- research and development
- product manufacturing and operating costs
- advertising and marketing
- leased assets
(e) | staff costs | (344) | (857) |
(f) | administration and corporate costs | (90) | (330) |
- Dividends received (see note 3)
- Interest received
1.5 | Interest and other costs of finance paid | (107) | (440) |
- Income taxes paid
- Government grants and tax incentives
- Other (provide details if material)
1.9 Net cash from / (used in) operating | (71) | 100 |
activities |
2. Cash flows from investing activities
2.1 Payments to acquire:
- entities
- businesses
(c) | property, plant and equipment | - | (1) |
(d) | investments | ||
(e) | intellectual property | ||
(f) | other non-current assets |
ASX Listing Rules Appendix 4C (01/12/19) | Page 1 |
+ 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
Consolidated statement of cash flows | Current quarter | Year to date |
$A'000 | (.......months) | |
$A'000 |
2.2 Proceeds from disposal of:
- entities
- businesses
- property, plant and equipment
- investments
- intellectual property
- other non-current assets
2.3 | Cash flows from loans to other entities | 8 |
- Dividends received (see note 3)
- Other (provide details if material)
2.6 | Net cash from / (used in) investing | 0 | 7 |
activities |
3. Cash flows from financing activities
- Proceeds from issues of equity securities (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
- Proceeds from borrowings
3.6 | Repayment of borrowings | (23) | (44) |
- Transaction costs related to loans and borrowings
- Dividends paid
- Other (provide details if material)
3.10 Net cash from / (used in) financing | (23) | (44) |
activities |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period | 666 | 509 | |
4.2 | Net cash from / (used in) operating | (74) | 100 |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | 0 | 7 |
(item 2.6 above) |
ASX Listing Rules Appendix 4C (01/12/19) | 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
Consolidated statement of cash flows | Current quarter | Year to date | |
$A'000 | (.......months) | ||
$A'000 | |||
4.4 | Net cash from / (used in) financing activities | (21) | (44) |
(item 3.10 above) |
4.5 Effect of movement in exchange rates on cash held
4.6 | Cash and cash equivalents at end of | 572 | 572 |
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 | 475 | 569 |
5.2 | Call deposits | 97 | 97 |
- Bank overdrafts
- Other (provide details)
5.5 | Cash and cash equivalents at end of | 572 | 666 |
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 | 385 |
associates included in item 1 | ||
6.2 | Aggregate amount of payments to related parties and their | 0 |
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
The Company has engaged the services of Questus Securities Pty Ltd, a Director Related Entity to provide employee related services, and premises to the Company. The services include the provision of office premises, administration staff, compliance staff and directors.
ASX Listing Rules Appendix 4C (01/12/19) | 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
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.
- Loan facilities
- Credit standby arrangements
-
Other (please specify) - Equipment Lease Finance
IQumulate - Insurance Funding - Total financing facilities
Total facility | Amount drawn at |
amount at quarter | quarter end |
end | $A'000 |
$A'000 | |
5,815 | 5,515 |
12 | 12 |
14 | 14 |
5,841 | 5,241 |
7.5 | Unused financing facilities available at quarter end | 300 |
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.
The Company has a Loan Facility with the Australia Property Mortgage Fund. The facility is secured over real property assets with a general security charge over Questus Limited, Questus Funds Management Ltd, Questus Capital Solutions Ltd and Questus Property Management Ltd. The facility expires on 31 December 2021. Interest is charged at 8% per annum
Lease finance facility is provided by Fuji Xerox and is secured over the assets provided. Interest is charged at 8% per annum and the lease expires in June 2023.
Insurance funding is provided by IQumulate Premium Funding. The funding is unsecured and interest is charged at 7.5%
8. | Estimated cash available for future operating activities | $A'000 |
8.1 | Net cash from / (used in) operating activities (Item 1.9) | (71) |
8.2 | Cash and cash equivalents at quarter end (Item 4.6) | 572 |
8.3 | Unused finance facilities available at quarter end (Item 7.5) | 500 |
8.4 | Total available funding (Item 8.2 + Item 8.3) | 1,072 |
8.5 | Estimated quarters of funding available (Item 8.4 divided by | 15 |
Item 8.1) |
8.6 If Item 8.5 is less than 2 quarters, please provide answers to the following questions:
1. Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
Answer:
2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
Answer:
ASX Listing Rules Appendix 4C (01/12/19) | Page 4 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Questus Limited published this content on 29 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2021 06:25:06 UTC.