BPH ENERGY LTD — Interim / Quarterly Report 2018

Apr 30, 2018

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

Name of entity

BPH Energy Ltd

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ABN

Quarter ended (“current quarter”)

41 095 912 002

31 March 2018

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(9 months)
			$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers	‐	‐
1.2	Payments for
	(a) research and development	‐	‐
	(b) product manufacturing and operating
	costs	‐	‐
	(c) advertising and marketing	‐	‐
	(d) leased assets	‐	‐
	(e) staff costs	(19)	(57)
	(f) administration and corporate costs	(46)	(325)
1.3	Dividends received (see note 3)	‐	‐
1.4	Interest received	1	2
1.5	Interest and other costs of finance paid	‐	‐
1.6	Income taxes paid	‐	‐
1.7	Government grants and tax incentives	‐	‐
1.8	Other (provide details if material)	‐	‐
1.9	Net cash from / (used in) operating	(64)	(380)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment	‐	‐
	(b) businesses (see item 10)	‐	‐
	(c) investments	‐	‐

• See chapter 19 for defined terms. 01/09/2016

Appendix 4C Page 1

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(9 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	(16)	(25)
2.4	Dividends received (see note 3)	‐	‐
2.5	Other (provide details if material)	‐	‐
2.6	Net cash from / (used in) investing	(16)	(25)
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	567	567
3.2	Proceeds from issue of convertible notes	‐	‐
3.3	Proceeds from exercise of share options	‐	‐
3.4	Transaction costs related to issues of	(69)	(69)
	shares, convertible notes or options
3.5	Proceeds from borrowings	‐	‐
3.6	Repayment of borrowings	(20)	(103)
3.7	Transaction costs related to loans and	‐	‐
	borrowings
3.8	Dividends paid	‐	‐
3.9	Other (reversal of December 2017 quarter	(19)	‐
	proceeds received in respect of shares to
	be issued)
3.10	Net cash from / (used in) financing	459	395
	activities

Line 3.4 includes a $37,000 reclassification of costs recorded under line 1.2(f) in the December 2017 quarter

• See chapter 19 for defined terms. Appendix 4C Page 2

01/09/2016

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(9 months)
			$A’000
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	225	614
4.2	Net cash from / (used in) operating	(64)	(380)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing	(16)	(25)
	activities (item 2.6 above)
4.4	Net cash from / (used in) financing	459	395
	activities (item 3.10 above)
4.5	Effect of movement in exchange rates on	‐	‐
	cash held
4.6	Cash and cash equivalents at end of	604	604
	quarter
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	604	225
5.2	Call deposits	‐	‐
5.3	Bank overdrafts	‐	‐
5.4	Other (provide details)	‐	‐
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	604	225
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		(19)
	item 1.2
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
Fee	payments to Managing Director

• See chapter 19 for defined terms. 01/09/2016

Appendix 4C Page 3

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

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 (35) item 1.2

7.2 Aggregate amount of cash flow from loans to these parties (16) included in item 2.3

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

The amounts under 7.1 were paid to Grandbridge Limited

The loan under 7.2 is to a 20% associate company

8.	Financing facilities available	Total facility	Amount drawn at
	Add notes as necessary for an	amount at quarter	quarter end
	understanding of the position	end	$A’000
		$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.

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9.	Estimated cash outflows for next quarter	$A’000
9.1	Research and development	‐
9.2	Product manufacturing and operating costs	‐
9.3	Advertising and marketing	‐
9.4	Leased assets	‐
9.5	Staff costs	(20)
9.6	Administration and corporate costs	(45)
9.7	Other (provide details if material)	‐
9.8	Total estimated cash outflows	(65)

• See chapter 19 for defined terms. Appendix 4C Page 4

01/09/2016

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

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	‐	‐

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: Date: 30 April 2018 (Director)

Print name: David Breeze

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. 01/09/2016

Appendix 4C Page 5