BPH ENERGY LTD — Interim / Quarterly Report 2011

Jan 12, 2011

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

BPH Energy Limited (formerly BPH Corporate Ltd)

ABN41 095 912 002	Quarter ended (“current quarter”)
41 095 912 002	31 December 2010

Consolidated statement of cash flows

Cash flows related to operating activities1.1Receipts from customers1.2Payments for(a) staff costs(b) consulting and legal(c)research and development(d) service fee(e) travel costs(f) equipment rental(g) other1.3Dividends received1.4Interest received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other – R & D claim receivedOther – Export Market Development GrantOther – R & D recoverables receivedOtherNet operatingcash flows	Current quarter$A’000	Year to date$A’000
	‐(18)(987)(32)(33)‐‐(501)‐67‐‐‐‐‐	‐(36)(1,045)(92)(66)‐‐(644)‐96‐‐14‐‐
	(1,504)	(1,773)

• See chapter 19 for defined terms.

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

Appendix 4CQuarterly report for entitiesadmitted on the basis of commitments	Appendix 4CQuarterly report for entitiesadmitted on the basis of commitments	Appendix 4CQuarterly report for entitiesadmitted on the basis of commitments
			Current quarter$A’000		Year to date$A’000
1.8Net operating cash flows (carried forward)			(1,504)		(1,773)
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 assets – prepayments1.10Proceeds 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 entities1.13Other (provide details if material)Net investing cash flows1.14Total operating and investing cash flows
	(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non‐current assets(e) other non‐current assets – prepayments		‐(12,000)‐(2)‐		‐(12,000)‐(2)‐
			‐‐‐‐‐(103)‐‐		‐‐‐‐‐(4,228)‐‐
			(12,105)		(16,230)
			(13,609)		(18,003)
11		Cash flows related to financing activitiesProceeds from issues of shares otions etc		12801	1668
.51.161.171.181.191.20		, p, .Proceeds from sale of forfeited sharesProceeds from borrowingsRepayment of borrowingsDividends paidOther (provide details if material)Net financing cash flows		,‐‐‐‐‐	9,‐‐‐‐‐
				12,801	19,668
1.211.221.23		Net increase (decrease) in cash heldCash at beginning of quarter/year to dateExchange rate adjustments to item 1.20Cash at end ofquarter		(808)4,328‐	1,6651,855‐
				3,520	3,520

• 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	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$A'000	Current quarter$A'000
			98
			‐
1.26	Explanation necessaryfor an understandingof the transactions
	Payments to Trandcorp Pty Ltd under Service Agreement with BPH Energy Ltd.	d d d h d

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).

		Amount available	Amount used
		$A’000	$A’000
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

admitted on the basis of commitmentsReconciliation of cash
Reconciliation of cash at the end of the quarter (asshown 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
4.1Cash on hand and at bank4.2Deposits at call4.3Bank overdraft4.4Other (provide details)	3,513	4,321
	7	7
		‐
		‐
Total: cash at end of quarter(item 1.23)	3,520	4,328

Acquisitions and disposals of business entities

5.1Name of entity5.2Placeofincorporationorregistration5.3Consideration foracquisitionordisposal5.4Total net assets5.5Nature 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.

==> picture [136 x 53] intentionally omitted <==

Sign here: ............................................................ Date: 13 January 2011 Director

Print name: Deborah Ambrosini

• See chapter 19 for defined terms.

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

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.

   • 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

3. 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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