ENECO REFRESH LTD — Interim / Quarterly Report 2017

Apr 26, 2017

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

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Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Name of entity

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Refresh Group Limited
ABN Quarter ended (“current quarter”)
28 079 681 244 31 March 2017
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 1,519 4,421
1.2 Payments for
(a) research and development
(b) product manufacturing and operating (568) (2,048)
costs
(c) advertising and marketing (142) (434)
(d) leased assets (99) (295)
(e) staff costs (572) (1,587)
(f) administration and corporate costs
1.3 Dividends received (see note 3)
1.4 Interest received 6 21
1.5 Interest and other costs of finance paid (3) (8)
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 141 70
activities
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• 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

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Consolidated statement of cash flows Current quarter Year to date
$A’000 (9 months)
$A’000
2. Cash flows from investing activities
2.1 Payments to acquire:
(a) property, plant and equipment (113) (220)
(b) businesses (see item 10)
(c) investments 0 (300)
(d) intellectual property
(e) other non-current assets (145) (145)
2.2 Proceeds from disposal of:
(a) property, plant and equipment 0 7
(b) businesses (see item 10)
(c) investments
(d) intellectual property
(e) other non-current assets
2.3 Cash flows from loans to other entities
2.4 Dividends received (see note 3)
2.5 Other (provide details if material)
2.6 Net cash from / (used in) investing (258) (658)
activities
3. Cash flows from financing activities
3.1 Proceeds from issues of shares 0 1,168
3.2 Proceeds from issue of convertible notes
3.3 Proceeds from exercise of share options
3.4 Transaction costs related to issues of 0 (40)
shares, convertible notes or options
3.5 Proceeds from borrowings
3.6 Repayment of borrowings (14) (42)
3.7 Transaction costs related to loans and
borrowings
3.8 Dividends paid
3.9 Other (provide details if material)
3.10 Net cash from / (used in) financing (14) 1,086
activities
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• 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

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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 1,592 963
4.2 Net cash from / (used in) operating 141 70
activities (item 1.9 above)
4.3 Net cash from / (used in) investing (258) (658)
activities (item 2.6 above)
4.4 Net cash from / (used in) financing (14) 1,086
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 1,461 1,461
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 559 942
5.2 Call deposits 902 650
5.3 Bank overdrafts
5.4 Other (provide details)
5.5 Cash and cash equivalents at end of 1,461 1,592
quarter (should equal item 4.6 above)
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• 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

6. Payments to directors of the entity and their associates 6.1 Aggregate amount of payments to these parties included in item 1.2 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3	Current quarter $A'000 175 -

• 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

Director fees and salaries

7. Payments to related entities of the entity and their associates

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 - 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

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8. Financing facilities available Add notes as necessary for an understanding of the position 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify)	Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000
	215 215 - - - -

• 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.

Secured hire purchase loan from Commonwealth Bank @ 4.69% pa

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01/09/2016

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

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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 (682)
9.3 Advertising and marketing (145)
9.4 Leased assets (98)
9.5 Staff costs (529)
9.6 Administration and corporate costs -
9.7 Other (provide details if material) -
9.8 Total estimated cash outflows (1,455)
10. Acquisitions and disposals of Acquisitions Disposals
business entities
(items 2.1(b) and 2.2(b) above)
10.1 Name of entity Aquazuro Australia N/A
10.2 Place of incorporation or registration Sydney, Australia
10.3 Consideration for acquisition or disposal $200,000
10.4 Total net assets $55,000
10.5 Nature of business Home and office delivery
of bottled water
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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.

27 April 2017 Sign here: ............................................................ Date: ............................................. Executive Chairman Henry Heng Print name: .........................................................

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