BIOTRON LIMITED — Interim / Quarterly Report 2019

Jan 17, 2019

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

+Rule 4.7B

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity

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BIOTRON LIMITED
ABN Quarter ended (“current quarter”)
60 086 399 144 31 December 2018
Consolidated statement of cash flows Current quarter Year to date (6
$A’000 months)
$A’000
1. Cash flows from operating activities
1.1 Receipts from customers - -
1.2 Payments for
(a) research and development (229) (511)
(b) product manufacturing and operating
costs - -
(c) advertising and marketing
(d) leased assets - -
(e) staff costs (182) (357)
(f) administration and corporate costs (296) (449)
1.3 Dividends received (see note 3) - -
1.4 Interest received 14 18
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Government grants and tax incentives 1,073 1,073
1.8 Other - -
1.9 Net cash from / (used in) operating
380 (226)
activities
2. Cash flows from investing activities
2.1 Payments to acquire:
(a) property, plant and equipment (17) (17)
(b) businesses (see item 10) - -
(c) investments - -
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• See chapter 19 for defined terms 1 September 2016

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

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Consolidated statement of cash flows Current quarter Year to date (6
$A’000 months)
$A’000
(d) intellectual property - -
(e) other non-current assets - -
2.2 Proceeds from disposal of:
(a) property, plant and equipment - -
(b) businesses (see item 10) - -
(c) investments - -
(d) intellectual property - -
(e) other non-current assets - -
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other – Rental Bond - (19)
2.6 Net cash from / (used in) investing
(17) (36)
activities
3. Cash flows from financing activities
3.1 Proceeds from issues of shares 5,989 5,989
3.2 Proceeds from issue of convertible notes - -
3.3 Proceeds from exercise of share options - -
3.4 Transaction costs related to issues of
shares, convertible notes or options (265) (287)
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings - -
3.7 Transaction costs related to loans and
borrowings - -
3.8 Dividends paid - -
3.9 Other – Consideration received for exercise
of Options. 13 13
3.10 Net cash from / (used in) financing
5,737 5,715
activities
4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
quarter/year to date 896 1,543
4.2 Net cash from / (used in) operating
activities (item 1.9 above) 380 (226)
4.3 Net cash from / (used in) investing activities
(item 2.6 above) (17) (36)
4.4 Net cash from / (used in) financing activities
(item 3.10 above) 5,737 5,715
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• See chapter 19 for defined terms 1 September 2016

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

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Consolidated statement of cash flows Current quarter Year to date (6
$A’000 months)
$A’000
4.5 Effect of movement in exchange rates on
cash held - -
4.6 Cash and cash equivalents at end of
6,996 6,996
quarter
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5. Reconciliation of cash and cash Current quarter Previous quarter
equivalents $A’000 $A’000
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts
5.1 Bank balances 1,996 896
5.2 Call deposits 5,000 -
5.3 Bank overdrafts - -
5.4 Other (provide details) - -
5.5 Cash and cash equivalents at end of
6,996 896
quarter (should equal item 4.6 above)
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6.	Payments to directors of the entity and their associates		Current quarter $A'000
6.1	Aggregate amount of payments to these parties included in item 1.2		129
6.2	Aggregate amount of cash flow from loans to these parties included in item 2.3		-
6.3	Include below any explanation necessary to understand the transactions		included in
	items 6.1 and 6.2

Payments in 6.1 are payments to the Directors of the Company. Professor Stephen Locarnini was appointed as a Director of the Company since 23 October 2018. Increase in payment in Item 6.1 compared to the previous quarter relate to director fee paid to Professor Locarnini from the date of his appointment.

7. Payments to related entities of the entity and their Current quarter associates $A'000

7.1 Aggregate amount of payments to these parties included in item 1.2 55 7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 -

7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

Payments in 7.1 are to Rosignol Consultants Pty Limited (‘Rosignol’) ($18,750) and MIS Corporate Pty Limited (‘MIS’) ($36,000), entities in which Peter Nightingale holds a controlling interest. Rosignol provides company secretarial services and MIS provides administrative and accounting services, as well as rental accommodation to Biotron Limited.

• See chapter 19 for defined terms 1 September 2016

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

8.	Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000
8.1	Loan facilities - -
8.2	Credit standby arrangements - -
8.3	Other (please specify) - -
8.4	Include below a description of each facility above, including the lender, interest rate and
	whether it is secured or unsecured. If any additional facilities have been entered into or are
	proposed to be entered into after quarter end, include details of those facilities as well.

N/A

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9. Estimated cash outflows for next quarter $A’000
9.1 Research and development 149
9.2 Product manufacturing and operating costs -
9.3 Advertising and marketing -
9.4 Leased assets -
9.5 Staff costs 185
9.6 Administration and corporate costs 201
9.7 Other -
9.8 Total estimated cash outflows 535
10. Acquisitions and disposals of Acquisitions Disposals
business entities
(items 2.1(b) and 2.2(b) above)
10.1 Name of entity - -
10.2 Place of incorporation or
registration - -
10.3 Consideration for acquisition or
disposal - -
10.4 Total net assets - -
10.5 Nature of business - -
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• See chapter 19 for defined terms 1 September 2016

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

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Sign here: ............................................................ Company Secretary Print name: Peter J. Nightingale

Date: 18 January 2019

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. See chapter 19 for defined terms 1 September 2016

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