BLUGLASS LIMITED — Interim / Quarterly Report 2017

Jul 25, 2017

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

Bluglass Limited

ABN 20 116 825 793

Quarter ended (“current quarter”)

30 June 2017

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Current quarter	Year to date (12
		$A’000		months)
				$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers		168	550
1.2	Payments for
	(a) research and development		(397)	(1,502)
	(b) product manufacturing and operating		-	-
	costs
	(c) advertising and marketing		-	-
	(d) leased assets		(84)	(322)
	(e) staff costs		(802)	(3,060)
	(f)administration and corporate costs		14	(504)
1.3	Dividends received (see note 3)		-	-
1.4	Interest received		37	135
1.5	Interest and other costs of finance paid		-	-
1.6	Income taxes paid		-	-
1.7	Government grants and tax incentives		-	2,116
1.8	Other (provide details if material)		-	-
1.9	Net cash from / (used in) operating	(1,064)		**(**2,587)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment		(2)	(37)
	(b) businesses (see item 10)		-	-
	(c) investments		-	-

• See chapter 19 for defined terms I July 2017

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

Consolidated statement of cash flows	Current quarter$A’000	Year to date (12months)$A’000
(d) intellectual property(e) other non-current assets2.2Proceeds from disposal of:(a) property, plant and equipment(b) businesses (see item 10)(c) investments(d) intellectual property(e) other non-current assets2.3Cash flows from loans to other entities2.4Dividends received (see note 3)2.5Other (provide details if material)2.6Net cash from / (used in) investingactivities	----------	----------
	(2)	(37)
3.Cash flows from financing activities3.1Proceeds from issues of shares3.2Proceeds from issue of convertible notes3.3Proceeds from exercise of share options3.4Transaction costs related to issues ofshares, convertible notes or options3.5Proceeds from borrowings3.6Repayment of borrowings3.7Transaction costs related to loans andborrowings3.8Dividends paid3.9Other (provide details if material)3.10Net cash from / (used in) financingactivities	---------	8,126-28(429)-----
	-	7,725
4.Net increase / (decrease) in cash andcash equivalents for the period4.1Cash and cash equivalents at beginning ofquarter/year to date4.2Net cash from / (used in) operatingactivities (item 1.9 above)4.3Net cash from / (used in) investing activities(item 2.6 above)4.4Net cash from / (used in) financing activities(item 3.10 above)	9,577(1,064)(2)-	3,410(2,587)(37)7,725

• See chapter 19 for defined terms I July 2017

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

Consolidated statement of cash flows	Current quarter$A’000	Year to date (12months)$A’000
4.5Effect of movement in exchange rates oncash held4.6Cash and cash equivalents at end ofquarter	-	-
	8,511	8,511
5.Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts	Current quarter$A’000	Previous quarter$A’000
5.1Bank balances5.2Call deposits5.3Bank overdrafts5.4Other (provide details)5.5Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	5877,924	3029,275
	8,511	9,577
6.Payments to directors of the entity and their associatesCurrent quarter$A'0006.1Aggregate amount of payments to these parties included in item 1.2426.2Aggregate amount of cash flow from loans to these parties includedin item 2.3-6.3Include below any explanation necessary to understand the transactions included initems 6.1 and 6.2
		Current quarter$A'000
		42
		-
7.Payments to related entities of the entity and theirassociatesCurrent quarter$A'0007.1Aggregate amount of payments to these parties included in item 1.2-7.2Aggregate amount of cash flow from loans to these parties includedin item 2.3-7.3Include below any explanation necessary to understand the transactions included initems 7.1 and 7.2
		Current quarter$A'000
		-
		-

• See chapter 19 for defined terms I July 2017

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

		8.Financing facilities availableAdd notes as necessary for anunderstanding of the positionTotal facility amountat quarter end$A’000Amount drawn atquarter end$A’0008.1Loan facilities--8.2Credit standby arrangements--8.3Other (please specify)--8.4Include below a description of each facility above, including the lender, interest rate andwhether it is secured or unsecured. If any additional facilities have been entered into or areproposed to be entered into after quarter end, include details of those facilities as well.	8.Financing facilities availableAdd notes as necessary for anunderstanding of the positionTotal facility amountat quarter end$A’000Amount drawn atquarter end$A’0008.1Loan facilities--8.2Credit standby arrangements--8.3Other (please specify)--8.4Include below a description of each facility above, including the lender, interest rate andwhether it is secured or unsecured. If any additional facilities have been entered into or areproposed to be entered into after quarter end, include details of those facilities as well.	8.Financing facilities availableAdd notes as necessary for anunderstanding of the positionTotal facility amountat quarter end$A’000Amount drawn atquarter end$A’0008.1Loan facilities--8.2Credit standby arrangements--8.3Other (please specify)--8.4Include below a description of each facility above, including the lender, interest rate andwhether it is secured or unsecured. If any additional facilities have been entered into or areproposed to be entered into after quarter end, include details of those facilities as well.	Total facility amountat quarter end$A’000	Total facility amountat quarter end$A’000	Amount drawn atquarter end$A’000	Amount drawn atquarter end$A’000	Amount drawn atquarter end$A’000
					-		-
					-		-
					-		-

	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	$A’000	$A’000	$A’000	$A’000	$A’000	$A’000	$A’000	$A’000
	9.1Research and development9.2Product manufacturing and operating costs												(420)-
	9.3	Adve		rtising a	nd marketing														-
	9.4
		LeasStff		ed asset	s														84)00
	9.5
		aAdmi		cossnistratio	n and co	orate		osts									((		)40)
	96
	.9.7		Othe	r (provid	e details	pif materi		al)											-
	9.8		Total	estima	ted cash outflow			s
																		(1,3	44)
	10.Acquisitions and disposals ofbusiness entities(items 2.1(b) and 2.2(b) above)								Acquisitions						Disposals
	10.1Name of entity								-						-
	10.2Place of incorporation orregistration								-						-
	10.3Consideration for acquisition ordisposal								-						-
	10.4Total net assets								-						-
	10.5Nature of business								-						-

• See chapter 19 for defined terms I July 2017

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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.

Sign here: Emmanuel Correia Date: 26 July 2017 Company secretary

Print name: Emmanuel Correia

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.

• See chapter 19 for defined terms I July 2017

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