ADSLOT LTD. — Interim / Quarterly Report 2016

Jul 28, 2016

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

Appendix 4C - Quarterly report

Commentary for the quarter ending 30 June 2016

Cash
receipts
from
customers
for
the
June
quarter
were
$2.77
million,
an increase of
6%
or
$0.16 million
versus
the
March
quarter,
despite
the
impact
of
the
seasonal
softening
of
the
global advertising
market
in
the
March
quarter.
Cash
receipts
from
customers
for
the
June
quarter represented
an increase of
9%
or
$0.23m
versus
the
same
period
in
the
year
prior.
Cash
receipts
for the
12
months
to
June
30
were
$11.33
million,
an increase of
37%
or
$3.05
million
from
the
prior year.

Net
operating
cash
flows
showed
an outflow of
$1.71
million
for
the
June
quarter
compared
to
an outflow of
$1.68
million
for
the
March
quarter.

The
operating
cash outflow for
the
12
months
to
June
30
of
$3.93
million
is
a
23%
or
$1.14
million improvement
from the
year
prior,
which
was
an outflow of
$5.07
million.

During
the
quarter
the
Company
raised
a
net
$4.36
million
via
a
Placement
of
shares.
Cash
at
the end
of
the
June
2016
quarter
was
$4.75
million.

Additionally,
the
Company
also
expects
a
cash
receipt
in
the
current
(September)
quarter
of approximately
$2.30
million
from
the
R&D
Tax
incentive
Scheme
arising
from
its
R&D
activities
for the
year
ended
June
2016.

Trading
Technology
revenues
continued
to
grow
in
the
June
quarter,
an
analysis
of
which
will
be reported
in
the
Company’s
full
year
audited
results.

Further
to
the
market
update
provided
on
11[th] July,
the
Company
can
also
confirm
that
negotiations with
a
major
international
media-­‐buying
organisation
to
enter
in
to
a
multi-­‐year
agreement
covering several
foreign
markets
continues
to
progress.

• 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 June 2016

**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 – including R&D Tax Incentives	Current quarter $A’000	Year to date (12 months) $A’000
	2,768 (1,765) (27) (841) (1) (659) (326) (876) - 9 0 8 3	11,328 (7,127) (98) (3,453) (4) (2,923) (1,060) (2,913) - 76 0 17 2,228
Net operating cash flows	(1,707)	(3,929)

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

07/07/2016

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

	Current quarter $A’000	Year to date (12 months) $A’000
1.8 Net operating cash flows (carried forward)	(1,679)	(2,223)
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	- - - - (14) - - - - - - - -	- - - - (76) - - - - - - - -
	(14)	(76)
	(1,721)	(4,005)
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	4,600 - - - - (238)	4,600 - - - - (238)
	4,362	4,362
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments – Note 2	2,641 2,093 12	357 4,441 (52)
1.23 Cash at end of quarter	4,746	4,746

• 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	86
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 $86k.

**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

07/07/2016

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	3,276	1,716
	1,470	377
	-	-
	-	-
Total: cash at end of quarter(item 1.23)	4,746	2,093

**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:
29
July
2016 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

07/07/2016