CYCLIQ GROUP LTD — Interim / Quarterly Report 2018

Apr 23, 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

ABN	ABN	Quarter ended("currentquarter")
47 119749 647		31 March 2018

Consolidated Statement of Cash Flows	Consolidated Statement of Cash Flows	Current quarter 31-Mar-18 $A’000	$A’000 Year to date (9 months)
1. 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8	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	1,486 (7) (1,162) (209) (16) (582) (25) - - - - 40 (176)	3,257 (21) (2,618) (783) (40) (1,665) (359) - - (1) - 43 (359)
1.8a 1.8b	Travel and accommodation expenses Other (multiple immaterial items)	(25) (151)	(130) (230)
1.9	Net Operating Cash Flows	(651)	(2,546)
2. 2.1 2.2 2.3 2.4 2.5 2.6	Cash flows related to investing activities Payments to acquire: (a) property, plant and equipment	- - - (41) - - - - - - - - -	(13) - - (477) - - - - - - - - -
	(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
		(41)	(490)

Consolidated Statement of Cash Flows	Current quarter 31-Mar-18 $A’000	$A’000 Year to date (9 months)
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 3.6 Repayment of borrowings 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	- - - - - - - - -	- - - - - (18) - - -
	0	(18)
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 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end ofquarter	910 (651) (41) - 8	3,254 (2,546) (490) (18) 26
	226	226
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A’000	Previous quarter $A’000
5.1 Bank Balances 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)	224 - - -	910 - - -
	224	910
6. Current quarter $A’000 6.1 138 6.2 - 6.3 Payments to directors of the entity and their associates Aggregate amount of payments to these parties included in item 1.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 Include below anyexplanation necessaryto understand the transactions included in items 6.1 and 6.2
		Current quarter $A’000
		138
		-
- Payments were made to Chris Singleton expense reimbursement and directors fees. - Payments were made to Piers Lewis for directors fees . - Payments were made to Cyril Daoud 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. - Payments were made to Bunk Marketing & Communications for marketing services performed by Eve-Anne O'Regan, an associate of Chris Singleton (Executive Chairman). All transactions are made on an arms length basis on commercial terms.

• Payments were made to Chris Singleton expense reimbursement and directors fees.

• Payments were made to Piers Lewis for directors fees .

• Payments were made to Cyril Daoud 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.

• Payments were made to Bunk Marketing & Communications for marketing services performed by Eve-Anne O'Regan, an associate of Chris Singleton (Executive Chairman).

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 anyexplanation necessaryto understand the transactions included in items 7.1 and 7.2
N/A - None

8. Total facility amount at quarter end Amount drawn at quarter end $A’000 $A’000 8.1 - - 8.2 Credit standby arrangements - - 8.3 Other (please specify) - - 8.4 Payments to related entities of the entity and their associates Loan facilities 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.	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
	-	-
	-	-
	-	-
N/A - None. Please note however, as announced to the market on the 29th of March 2018, Cycliq completed the establishment of a Shareholder Loan to provide trade finance, of which one of the parties providing funds was Cycliq Executive Chairman, Chris Singleton. The first drawdown of this facility to fund the purchase of stock was subsequent to quarter end, on the 10th of April 2018.

N/A - None. Please note however, as announced to the market on the 29th of March 2018, Cycliq completed the establishment of a Shareholder Loan to provide trade finance, of which one of the parties providing funds was Cycliq Executive Chairman, Chris Singleton. The first drawdown of this facility to fund the purchase of stock was subsequent to quarter end, on the 10th of April 2018.

9. Estimated cash outflows for nextquarter	$A’000
9.1 Research and development (expensed) 9.1a Research and development (capital) 9.2 Product manufacturing and operating costs 9.3 Advertising and marketing 9.4 Leased assets 9.5 Staff costs 9.6 Administration and corporate costs 9.7 Other (provide details if material) 9.8 Total estimated cash outflows	(249) (18) (293) (330) (80) (872) (12) (40)
	(1,894)
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

10. Acquisition and disposals of business entities (items 2.1(b) and 2.2(b) above	Acquisitions	Disposals
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.

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.

		24 April 2018
Sign here:	....................................................................	Date: .............................................
	(Director/Company secretary)
	Piers Lewis

Print name: ....................................................................