BPH ENERGY LTD — Interim / Quarterly Report 2021

Apr 25, 2021

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

BPH ENERGY LIMITED

BPH ENERGY LIMITED
ABN		Quarter ended (“current quarter”)
41 095 912 002		MARCH 2021

	Appendi			x 4C
	Quarterly cash flow r			eport for entitie			s
	subject to Lis			ting Rule 4.7B
	ame of entity
B
	PH ENERGY LIMITED
							quarter”)
A	BN			Quarter ended (“current			quarter”)
4
	1 095 912 002			MARCH 2021
C
	onsolidated statement of cash flows		Current quarter			Year to date (9
				$A’000			months)
							$A’000
1.Cash flows from operating activities1.1Receipts from customers1.2Payments for(a) research and development(b) product manufacturing and operatingcosts(c) advertising and marketing(d) leased assets(e) staff costs(f)administration and corporate costs1.3Dividends received (see note 3)1.4Interest received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Government grants and tax incentives1.8Other (provide details if material)1.9Net cash from / (used in) operatingactivities	.Cash flows from operating activities
	.1Receipts from customers
	.2Payments for
	(a) research and development
	(b) product manufacturing and operating
	costs
	(c) advertising and marketing			-			(20)
	(d) leased assets
	(e) staff costs			(19)			(57)
	(f)administration and corporate costs			(266)			(572)
	.3Dividends received (see note 3)
	4Interest received
	. 5Interest and other costs of finance aid
			(285)			(649)
2.Cash flows from investing activities2.1Payments to acquire:(a) entities(b) businesses(c) property, plant and equipment(d) investments(e) intellectual property
	.1Payments to acquire:
	(a) entities
	(b) businesses
	t lt d it
	(c) propery, pan an equpmen
	(d) investments				(80)			(80)
	(e) intellectual property

ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 1

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter$A’000	Year to date (9months)$A’000
(f)other non-current assets2.2Proceeds from disposal of:(a) entities(b) businesses(c) property, plant and equipment(d) investments(e) intellectual property(f)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		(285)	(306)
		(365)	(386)
3.Cash flows from financing activities3.1Proceeds from issues of equity securities(excluding convertible debt securities)3.2Proceeds from issue of convertible debtsecurities3.3Proceeds from exercise of options3.4Transaction costs related to issues ofequity securities or convertible debtsecurities3.5Proceeds 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		9,578(641)	12,203(788)
		8,937	11,415
4.4.14.2	Net increase / (decrease) in cash andcash equivalents for the periodCash and cash equivalents at beginning ofperiodNet cash from / (used in) operatingactivities (item 1.9 above)	2,351(285)	258(649)

ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 2

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter$A’000	Year to date (9months)$A’000
4.34.44.54.6	Net cash from / (used in) investing activities(item 2.6 above)Net cash from / (used in) financing activities(item 3.10 above)Effect of movement in exchange rates oncash heldCash and cash equivalents at end ofperiod	(365)8,937-	(386)11,415-
		10,638	10,638
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)		10,638	2,351
		10,638	2,351
6.Payments to related parties of the entity and theirassociates6.1Aggregate amount of receipts from / (payments to) related partiesand their associates included in item 16.2Aggregate amount of receipts from / (payments to) related partiesand their associates included in item 2
			Current quarter$A'000
			(55)
			(285)

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments

ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 3

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

7.Financing facilitiesNote: the term “facility’ includes all forms of financingarrangements available to the entity.Add notes as necessary for an understanding of thesources of finance available to the entity.Total facilityamount at quarterend$A’0007.1Loan facilities1057.2Credit standby arrangements7.3Other (please specify)7.4Total financing facilities1057.5Unused financing facilities available at quarter end	Total facilityamount at quarterend$A’000	Amount drawn atquarter end$A’000
	105	105
	105	105
		-

• 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

The facilities shown above are owing to Grandbridge Limited (including $88,000 owing by a subsidiary). The balance is unsecured and interest free.

8.Estimated cash available for future operating activities	$A’000
8.1Net cash from / (used in) operating activities (Item 1.9)8.2Cash and cash equivalents at quarter end (Item 4.6)8.3Unused finance facilities available at quarter end (Item 7.5)8.4Total available funding (Item 8.2 + Item 8.3)8.5Estimated quarters of funding available (Item 8.4 divided byItem 8.1)	(285)10,638-10,638
	37.33

• 8.6 If Item 8.5 is less than 2 quarters, please provide answers to the following questions:

  1. Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

  2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

1. Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 4

Appendix 4C Quarterly cash flow 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.

Date: 26 April 2021

==> picture [127 x 46] intentionally omitted <==

Authorised by: David Breeze (Director)

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow 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 cash flow 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. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 5