AXTEC LIMITED — Interim / Quarterly Report 2015

Jul 15, 2015

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ASX CODE
AXI
ISSUED CAPITAL
Ordinary Shares
411.3 M
CONTACT
South Australia
Level 3, Stafford House
25 Leigh Street
Adelaide SA 5000
Phone: (08) 8120 2400
Email: paul@axiompl.com.au
New South Wales
Suite 2001, Lvl 20 Australia
Square 264-278 George Street
Sydney NSW 2000
Phone: (02) 8243 2800
Fax: (02) 9251 1838
Email: ben@axiompl.com.au
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16 July 2015

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APPENDIX 4C – QUARTERLY CASH FLOW REPORT – JUNE 2015

Adelaide, Australia, Thursday 16 July 2015: Axiom Properties Limited (ASX:AXI) lodges the attached Appendix 4C Quarterly report for entities admitted on the basis of commitments for the quarter ended 30 June 2015.

Commentary is provided as follows:

• The Company held cash reserves of $5.82 million at 30 June 2015.

• The Company’s cash reserves for the June quarter decreased by $640,000 as follows:

• Net operating cash outflows for the June quarter were $822,000.

• Net investing cash outflows for the June quarter were $36,000.

• Net financing cash inflows for the June quarter were $218,000.

The majority of the operating cash outflows for the quarter related to development ($347,000) and interest costs ($200,000) on Churchill Centre South and North Stage 3.

About Axiom Properties Ltd

Axiom Properties Ltd is a property development and investment business focused on developing and delivering quality property solutions. Axiom’s principal objective is to create long term value for shareholders through creating a well-respected property development and investment company that consistently delivers above industry returns on capital.

For more information, please contact: Paul Santinon Company Secretary +61 8 8120 2400

Appendix 4C Quarterly report for entities admitted on the basis of commitments Rule 4.7B

Introduced 31/3/2000. Amended 30/12/2008

Name of entity

AXIOM PROPERTIES LIMITED

ABN 40 009 063 834	Quarter ended (“current quarter”)
40 009 063 834	30 JUNE 2015

Consolidated statement of cash flows

Cash	flows related to operating activities	Current quarter $A’000	Year to date (12 MONTHS) $A’000
1.1	Receipts from customers	860	4,379
1.2	Payments for (a) staff costs	(299)	(1,431)
	(b) advertising and marketing	-	-
	(c) research and development	-	-
	(d) leased assets	-	-
	(e) other working capital	(816)	(3,615)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature received	(20)	183
1.5	Interest and other costs of finance paid	(200)	(911)
1.6	Income taxes received/(paid)	-	-
1.7	Development costs	(347)	(10,163)
1.8	Receipts from sale of development projects	-	-
	Net operating cash flows	(822)	(11,558)

	Current quarter $A’000	Year to date (12 MONTHS) $A’000
1.9 Net operating cash flows (carried forward)	(822)	(11,558)
Cash flows related to investing activities 1.10 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.12 Loans to other entities 1.13 Loans repaid by other entities 1.14 Other (Cash acquired in Joint Venture arrangement) Net investing cash flows 1.15 Total operating and investing cash flows	- (35) - (1) - - - - - - - - -	- (35) - (4) - - - - - - - - -
	(36)	(39)
	(858)	(11,597)
Cash flows related to financing activities 1.16 Proceeds from issues of shares, options, etc. 1.17 Proceeds from sale of forfeited shares 1.18 Proceeds from borrowings 1.19 Repayment of borrowings 1.20 Dividends paid 1.21 Other (Purchase of shares per Share Buy-back scheme) Net financing cash flows	- - 345 - - (127)	- - 9,324 - - (1,786)
	218	7,538
Net increase (decrease) in cash held 1.22 Cash at beginning of quarter/year to date 1.23 Exchange rate adjustments to item 1.20 1.24 Cash at end ofquarter	(640) 6,470 -	(4,059) 9,889 -
	5,830	5,830

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

1.25 Aggregate amount of payments to the parties included in item 1.2 1.26 Aggregate amount of loans to the parties included in item 1.11	Current quarter $A'000
	156
	-

• 1.27 Explanation necessary for an understanding of the transactions -

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

• 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

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	52,100	49,342
	-	-

This report should be read in conjunction with Axiom Properties Limited’s most recent interim financial report.

Reconciliation of cash

econciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	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 (provide details if material)	2,330	2,970
	3,500	3,500
	-	-
	-	-
Total: cash at end of quarter(item 1.23)	5,830	6,470

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))
	-	-
	-	-
	-	-
	-	-
	-	-

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.

Sign here: ............................................................ Date: 16 July 2015 ( ~~Director/~~ Company secretary) Print name: Paul Santinon

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 report.

2. 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.

3. 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss

4. • 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

5. 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.