ADSLOT LTD. — Interim / Quarterly Report 2016

Oct 21, 2015

Appendix
4C
-­‐
Quarterly
report
for
entities admitted
on
the
basis
of
commitments

Appendix 4C - Quarterly report

Commentary for the quarter ending 30 September 2015

Cash
receipts
from
customers
for
the
September
quarter
were
$2.60
million,
an
increase
of
2.5%
or $0.064
million
versus
the
June
quarter,
and
a
fourth
consecutive
quarter
of
growth
in
cash
receipts.

Cash
receipts
growth
trails
Trading
Technology
revenue
growth,
with
larger
agency
clients
billed
only when
the
campaign
activity
they
purchase
commences,
and
monthly
in
arrears.
Cash
receipts
are therefore
geared
to
the
timing
of
payments
from
larger
agency
customers.
As
outlined
in
the Trading
Update
released
to
ASX
today,
the
Company’s
Trading
Technology
segment
is
delivering revenue
growth
in
excess
of
cash
receipts
growth
for
the
September
quarter.

Net
operating
cash
showed
an inflow of
$0.21
million
for
the
September
quarter
compared
to
an outflow of
$1.64
million
for
the
June
quarter.
The
September
quarter
included
receipt
of
the
annual R&D
Tax
Incentive
payment
for
the
FY2015
year
of
$2.18
million.
Excluding
this
receipt,
cash outflow
for
the
September
quarter
would
have
been
$1.98
million.
An
increase
in
staff
costs including
recruitment
fees,
and
increased
payments
to
Publishers
drove
an
increase
in
the underlying
quarterly
cash
burn.

The
Company
expects
cash
outflows
will
decrease
in
coming
quarters,
as
Trading
Technology revenues
continue
to
grow
and
operating
costs
remain
flat.

Cash
at
the
end
of
the
September
quarter
was
$4.65
million.

• See
  chapter
  19
  for
  defined
  terms.

Appendix
4C
Page
1

Appendix
4C
-­‐
Quarterly
report
for
entities admitted
on
the
basis
of
commitments

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Name of entity
ADSLOT LTD
ABN 70 001 287 510	Quarter ended (“current quarter”)
70 001 287 510	30 September 2015

**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 (Note 3) (d) leased assets (e) website publisher payments (f) other cost of sales (g) other working capital/overheads 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 and Other taxes received / (paid) 1.7 Other – R&D Tax Incentive	Current quarter $A’000	Year to date (3 months) $A’000
	2,604 (1,885) (5) (944) (1) (822) (227) (740) - 33 - 8 2,185	2,604 (1,885) (5) (944) (1) (822) (227) (740) - 33 - 8 2,185
Net operating cash flows	206	206

• See
  chapter
  19
  for
  defined
  terms. Appendix
  4C
  Page
  2

24/10/2005

Appendix
4C
-­‐
Quarterly
report
for
entities admitted
on
the
basis
of
commitments

	Current quarter $A’000	Year to date (3 months) $A’000
1.8 Net operating cash flows (carried forward)	206	206
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (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	- - - - (24) - - - - - - - -	- - - - (24) - - - - - - - -
	(24)	(24)
	182	182
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 – Costs relating to issues of shares Net financing cash flows	- - - - - -	- - - - - -
	-	-
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments – Note 2	182 4,441 27	182 4,441 27
1.23 Cash at end of quarter	4,650	4,650

• See
  chapter
  19
  for
  defined
  terms.

Appendix
4C
Page
3

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'000
1.24	Aggregate amount of payments to the parties included in item 1.2	72
1.25	Aggregate amount of loans to the parties included in item 1.11	-
1.26	Explanation necessary for an understanding of the transactions Directors Fees of $72k.

**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).

		Amount available $A’000	Amount used $A’000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

• See
  chapter
  19
  for
  defined
  terms. Appendix
  4C
  Page
  4

24/10/2005

Appendix
4C
-­‐
Quarterly
report
for
entities admitted
on
the
basis
of
commitments

**Reconciliation

of
cash**

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 inthe accountsis asfollows.	Current quarter $A’000	Previous quarter $A’000
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other	1,096	1,048
	3,554	3,393
	-	-
	-	-
Total: cash at end of quarter(item 1.23)	4,650	4,441

**Acquisitions

and
disposals
of
business
entities**

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	Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
	N/A	N/A
	-	-
	-	-
	-	-
	-	-

**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.

==> picture [74 x 47] intentionally omitted <==

Sign
here: ............................................................
Date:
22
October
2015 Company
Secretary

Print
name: Brendan
Maher

• See
  chapter
  19
  for
  defined
  terms.

Appendix
4C
Page
5

Appendix
4C
-­‐
Quarterly
report
for
entities admitted
on
the
basis
of
commitments

Notes

1. 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.

4. • 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

5. 12.1(a)
   -­‐
   policy
   for
   classification
   of
   cash
   items

6. 12.3 -­‐
   disclosure
   of
   restrictions
   on
   use
   of
   cash

7. • 13.1 -­‐
   comparative
   information

8. Exchange
   Rate
   Adjustment
   (1.22): Represents
   accounting
   adjustment
   related
   to conversion
   of
   US
   dollar,
   NZ
   dollar,
   GB
   pound
   and
   Euro
   bank
   account
   balances
   to
   local currency.

9. Research
   &
   Development
   (1.2c): Represents
   direct
   payroll
   and
   on-­‐costs
   related
   to on-­‐going
   technology
   development
   work
   compliant
   with
   R&D
   Grant
   regulations.

10. See
    chapter
    19
    for
    defined
    terms. Appendix
    4C
    Page
    6

24/10/2005