ADSLOT LTD. — Interim / Quarterly Report 2015

Jul 29, 2015

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

Appendix 4C - Quarterly report

Commentary for the quarter ending 30 June 2015

Cash receipts from customers for the June quarter were $2.54 million, an increase of 15.1% or $0.334 million versus the March quarter, and a third consecutive quarter of growth in cash receipts.

Net operating cash showed an outflow of $1.64 million for the June quarter compared to an inflow of $0.39 million for the March quarter. The March quarter included receipt of the annual R&D Tax Incentive payment for the FY2014 year of $2.07 million. Excluding this receipt, cash outflow for the March quarter would have been $1.68 million.

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 June quarter was $4.44 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
ABN70 001 287 510	Quarter ended (“current quarter”)
70 001 287 510	30 June 2015

**Consolidated

statement of cash flows**

	Cash flows related to operating activities1.1Receipts from customers1.2Payments for:(a) staff costs(b) advertising and marketing(c) research and development (Note 4)(d) leased assets(e) website publisher payments(f) other cost of sales	Cash flows related to operating activities1.1Receipts from customers1.2Payments for:(a) staff costs(b) advertising and marketing(c) research and development (Note 4)(d) leased assets(e) website publisher payments(f) other cost of sales	Cash flows related to operating activities1.1Receipts from customers1.2Payments for:(a) staff costs(b) advertising and marketing(c) research and development (Note 4)(d) leased assets(e) website publisher payments(f) other cost of sales	Cash flows related to operating activities1.1Receipts from customers1.2Payments for:(a) staff costs(b) advertising and marketing(c) research and development (Note 4)(d) leased assets(e) website publisher payments(f) other cost of sales	Current quarter$A’000	Current quarter$A’000	Current quarter$A’000	Year to date(12 months)$A’000	Year to date(12 months)$A’000	Year to date(12 months)$A’000	Year to date(12 months)$A’000
					2,540(1,737)(36)(907)(1)(725)(163)			8,279(6,556)(202)(3,639)(2)(1,530)(638)
	1.31.4	(g) otheDividends receiveInterest and other	r working capital/overhditems of a similar natu	eadsre received		(764	8)-6		(3,128)-184
	1.51.61.7	Interest and otherIncome and OtherOther – R&D Tax– Governm	costs of finance paidtaxes paidIncentivent rant			1	-(4)-2		-(20)2,065112
	g
	Net operating cash flows				(1,643)			(5,075)

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

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

	Current quarter$A’000	Year to date(12 months)$A’000
1.8Net operating cash flows (carried forward)	(1,643)	(5,075)
Cash flows related to investing activities1.9Payment for acquisition of:(a) businesses(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets1.10Proceeds from disposal of:(a) businesses(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets1.11Loans to other entities1.12Loans repaid by other entities1.13Other (provide details if material)Net investing cash flows1.14Total operating and investing cash flows	----(6)--------	----(40)--------
	(6)	(40)
	(1,649)	(5,115)
Cash flows related to financing activities1.15Proceeds from issues of shares, options, etc.**–**Note 31.16Proceeds from sale of forfeited shares1.17Proceeds from borrowings1.18Repayment of borrowings1.19Dividends paid1.20Other – Costs relating to issues of sharesNet financing cash flows	-----(6)	6,523----(370)
	(6)	6,153
Net increase (decrease) in cash held1.21Cash at beginning of quarter/year to date1.22Exchange rate adjustments – Note 2	(1,655)6,07818	1,0383,35449
1.23Cash at end of quarter	4,441	4,441

• 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	71
1.25	Aggregate amount of loans to the parties included in item 1.11	-
1.26	Explanation necessary for an understanding of the transactionsDirectors Fees of $71k.In addition, item 1.1 includes receipts from trading with entities associated with Directors of $2k.

**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

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

**Reconciliation

of cash**

Reconciliation of cash at the end ofthe consolidated statement of cash finthe accountsis asfollows.	the quarter (as shown inlows) to the related items	Current quarter$A’000	Previous quarter$A’000
4.1Cash on hand and at bank4.2Deposits at call4.3Bank overdraft4.4Other		1,048	1,300
		3,393	4,778
		-	-
		-	-
Total: cash at end of quart	er(item 1.23)	4,441	6,078

**Acquisitions

and disposals of business entities**

5.1Name of entity5.2Place of incorporation orregistration5.3Consideration foracquisition or disposal5.4Total net assets5.5Nature 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.

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Sign here: ............................................................ Date: 30 July 2015 Company Secretary

Print name: Brendan Maher

See chapter 19 for defined terms.

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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.

   • 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

2. 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.

3. Proceeds from issue of shares (1.2a & 1.15) : Includes $6.5m funds raised from a share placement and $23k received from options exercised by an employee.

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

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

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