CYCLIQ GROUP LTD — Interim / Quarterly Report 2018

Jul 30, 2018

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Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Name of entity

Cycliq Group Limited - CYQ.AX

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ABN Quarter ended ("current quarter")
47 119 749 647 30 June 2018
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1. 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Consolidate	Cash flows related to operating activities Receipts from customers Payments for (a) research and development (b) product manufacturing and operating costs (c) advertising and marketing (d) leased assets (e) staff costs (f) administration and corporate costs Dividends received (see note 3) Interest received Interest and other costs of finance paid Income taxes paid Government grants and tax incentives Other (provide details if material) Material components of other operating activities d Statement of Cash Flows	Current quarter 30-Jun-18 $A’000 $A’000 1,381 4,638 (20) (41) (859) (3,477) (147) (930) (10) (50) (422) (2,087) (86) (445) - - 3 3 (1) (2) - - 20 63 (189) (548) Year to date
1.8a 1.8b	Travel and accommodation expenses Other (multiple immaterial items)	(43) (173) (146) (376)
1.9 2. 2.1 2.2 2.3 2.4 2.5 2.6	Net Operating Cash Flows Cash flows related to investing activities Payments to acquire: (a) property, plant and equipment	(330) (2,876) (7) (20) - - - - (68) (545) - - - - - - - - - - - - - - - - - - (75) (565)
	(b) businesses (see item 10)
	(c) investments (d) intellectual property (e) other non-current assets Proceeds from disposal of: (a) property, plant and equipment (b) businesses (see item 10) (c) investments (d) intellectual property (e) other non-current assets Cash flows from loans to other entities Dividends received (see note 3) Other (provide details if material) Net Investing Cash Flows

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Consolidated Statement of Cash Flows Current quarter Year to date
30-Jun-18
$A’000 $A’000
3. Cash flows related to financing activities
3.1 Proceeds from issues of shares - -
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 - -
3.5 Proceeds from borrowings 536 536
3.6 Repayment of borrowings - (18)
3.7 Transaction costs related to loans and borrowings - -
3.8 Dividends paid - -
3.9 Other (provide details if material) - -
3.10 Net Financing Cash Flows 536 518
4. Net increase / (decrease) in cash and cash equivalents
for the period
4.1 Cash and cash equivalents at beginning of quarter/year 226 3,254
to date
4.2 Net cash from / (used in) operating activities (item 1.9 (330) (2,876)
above)
4.3 Net cash from / (used in) investing activities (item 2.6 (75) (565)
above)
4.4 Net cash from / (used in) financing activities (item 3.10 536 518
above)
4.5 Effect of movement in exchange rates on cash held (42) (16)
4.6 Cash and cash equivalents at end of quarter 315 315
5. Reconciliation of cash and cash equivalents Current quarter Previous quarter
at the end of the quarter (as shown in the consolidated $A’000 $A’000
statement of cash flows) to the related items in the accounts
5.1 Bank Balances 315 226
5.2 Call Deposits - -
5.3 Bank Overdrafts - -
5.4 Other (provide details) - -
5.5 Cash and cash equivalents at end of quarter (should
315 226
equal item 4.6 above)
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 1.2 173
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 were made to Chris Singleton for directors fees.
- Payments were made to Piers Lewis for directors fees .
- Payments were made to Cyril Daoud for directors fees.
- Payments were made to Mike Young for directors fees.
- Payments were made to SmallCap Corporate for accounting and corporate secretarial services of which Piers Lewis (Director / Company
Secretary) is a part owner.
- Payments were made to Clear Corporate Solutions for subcontracted labour of which Chris Singleton (Executive Chairman) is part
owner.
All transactions are made on an arms length basis on commercial terms.
7. Payments to related entities of the entity and their associates Current quarter
$A’000
7.1 Aggregate amount of payments to these parties included in item 1.2 -
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
N/A - None
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8.	Financing facilities available		Total facility amount at	Total facility amount at	Total facility amount at		Amount drawn at quarter	end	end
	Add notes as necessary for an understanding of the position			quarter end
				$A’000			$A’000
8.1	Loan facilities
					1,500			509
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.

At at 30 June 2018 the Company holds a $1.5m revolving credit facility sourced from a private consortium of shareholders to provide 120 day credit terms at an annualised interest rate of 16%. The funds are secured by the assets of the business. $1m of the available facility has been extended by a related entity of Chris Singleton.

Further details of the facility were disclosed to the market in our announcement of the 29th of March 2018.

9.	Estimated cash outflows for next quarter		$A’000
9.1	Research and development (expensed)		(4)
9.1a	Research and development (capital)		(231)
9.2	Product manufacturing and operating costs		(1,113)
9.3	Advertising and marketing		(361)
9.4	Leased assets		(18)
9.5	Staff costs		(651)
9.6	Administration and corporate costs		(72)
9.7	Other (provide details if material)		(84)
9.8	Total estimated cash outflows		(2,534)
Note:	Please note per the ASX listing rules section 9 discloses only cash outflows forecast for the		following quarter. These figures
	do not incorporate forecast cash inflows from sales, or any investing or financing activities

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10. Acquisition and disposals of business entities (items Acquisitions Disposals
2.1(b) and 2.2(b) above
10.1 Name of entity N/A - none N/A - none
10.2 Place of incorporation or registration N/A - none N/A - none
10.3 Consideration for acquisition or disposal N/A - none N/A - none
10.4 Total net assets / (liabilities) N/A - none N/A - none
10.5 Nature of business N/A - none N/A - none
Note: There were no acquisitions / disposals in the quarter.
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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: .................................................................... (Director/Company secretary) PIERS LEWIS Print name: ....................................................................

31/07/2018 Date: .............................................