ASF GROUP LIMITED — Interim / Quarterly Report 2015

Jan 29, 2015

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

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.

Name of entity
ASF Group Limited
ABN50 008 924 570	Quarter ended (“current quarter”)
50 008 924 570	31 December 2014

Consolidated statement of cash flows

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(d) leased assets(e) other working capital1.3Dividends received1.4Interest and other items of a similar nature received1.5Interest and other costs of finance paid1.6Income taxes refunded/(paid)1.7OtherNet operating cash flows	Current quarter$	Year to date(6 months)$
	14,713(421,337)(10,901)--(1,092,145)-23,610--270,373	146,113(835,842)(19,716)--(2,777,383)-37,002--1,659,773
	(1,215,687)	(1,790,053)

• See chapter 19 for defined terms.

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

	Current quarter$	Year to date(6 months)$
1.8Net operating cash flows (carried forward)	(1,215,687)	(1,790,053)
Cash flows related to investing activities1.9Payment for acquisition of:(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets1.10Proceeds from disposal of:(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets1.11Loans to other entities1.12Loans repaid by other entities1.13OtherNet investing cash flows1.14Total operating and investing cash flows	-(800,000)-(3,858)(5,256,583)--------	-(2,965,867)-(3,858)(7,891,313)--------
	(6,060,441)	(10,861,038)
	(7,276,128)	(12,651,091)
Cash flows related to financing activities1.15Proceeds from issues of shares, options, etc.1.16Proceeds from sale of forfeited shares1.17Proceeds from borrowings1.18Repayment of borrowings1.19Dividends paid1.20Other - security term deposit- shares buy-backNet financing cash flows	6,093,434--(2,121,890)--(9,730)	16,150,063-100,000(2,121,890)--(43,984)
	3,961,814	14,084,189
Net increase (decrease) in cash held1.21Cash at beginning of quarter/year to date1.22Adjustments - Exchange rate adjustments1.23Cash at end ofquarter	(3,314,314)7,250,110-	1,433,0982,502,698-
	3,935,796	3,935,796

• See chapter 19 for defined terms.

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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

1.241.25	Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to the parties included in item 1.11	Current quarter$
		(160,127)
		-
1.26	Explanation necessaryfor an understandingof the transactions
	Consulting fees, directors fees and salary ($101,213), Office lease ($58,914)

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	Amount used
		$	$
3.1	Loan facilities	-	-
3.2	Credit standby arrangements
		-	-

• See chapter 19 for defined terms.

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

Reconciliation of cash

Reconciliation of cash	Reconciliation of cash
Reconciliation of cash at the end of the quarter (as		Current quarter	Previous quarter
shown in the consolidated statement of cash flows) to		$	$
the related items in the accounts is as follows.
4.1	Cash on hand and at bank	3,935,796	7,250,110
4.2	Deposits at call
		-	-
4.3	Bank overdraft
		-	-
4.4	Other (provide details)
		-	-
	Total: cash at end of quarter(item 1.23)	3,935,796	7,250,110

Acquisitions and disposals of business entities

		Acquisitions	Disposals
		(Item 1.9(a))	(Item 1.10(a))
5.1	Name of entity	n/a	n/a
5.2	Place of incorporation	n/a	n/a
	or registration
5.3	Consideration for	n/a	n/a
	acquisition or disposal
5.4	Total net assets	n/a	n/a
5.5	Nature of business	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 [128 x 48] intentionally omitted <==

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

Print name: William Kuan

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

• See chapter 19 for defined terms.

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

report. Refer to Explanatory Note B for information concerning a proposed capital raising event.

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. 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.

• See chapter 19 for defined terms.

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