FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Interim / Quarterly Report 2016

Jul 28, 2016

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10

________	compared to the compared property of the control of the control of the control of the control of the control of
FirstWave Cloud Technology Limited

ABN

35 144 733 595

Quarter ended ("current quarter") 30 June 2016

Consolidated statement of cash flows

		Current quarter	Year to date $\mathfrak{g}_2$
Cash flows related to operating activities		\$A'000	months)
			\$A'000
1,1	Receipts from customers	1,317.75	1,317.75
1.2	Payments for (a) staff costs	(720.76)	(720.76)
	(b) advertising and marketing
	(c) research and development
	(d) leased assets	(231.74)	(231.74)
	(e) other working capital	(1, 817.43)	(2,685.98)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	0.70	1.08
1.5	Interest and other costs of finance paid	(32.45)	(32.45)
1.6	Income taxes paid
1.7	R&D Refund	209	209
	Net operating cash flows	(1, 274.93)	(2,143.09)

⁺ See chapter 19 for defined terms.

		Current quarter	Year to date $(6)$
		\$A'000	months) \$A'000
1.8	Net operating cash flows (carried forward)	(1, 274.93)	(2,143.09)
1.9	Cash flows related to investing activities Payment for acquisition of: (a) businesses (item 5) (b) equity investments
1.10	(c) intellectual property (d) physical non-current assets (e) other non-current assets Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets	(266.38) (264.55)	(266.38) (264.55)
1.11 1.12 1,13	Loans to other entities Loans repaid by other entities Other (provide details if material)
	Net investing cash flows	(530.93)	(530.93)
1.14	Total operating and investing cash flows
	Cash flows related to financing activities
1.15 1.16 1.17 I.18 1.19	Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid	8,000.00 196.05	8,000.00 196.05
1.20	Other (provide details if material)	(1,197.63)	(1, 197.63)
	Net financing cash flows	6,998.43	8,320.10
	Net increase (decrease) in cash held
1.21 1.22	Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20	702.02	190.60
1.23	Cash at end of quarter	5,894.59	5836.59

⁺ See chapter 19 for defined terms.

$\overline{a}$

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter \$A'000
1.24	Aggregate amount of payments to the parties included in item 1.2	110
1.25	Aggregate amount of loans to the parties included in item 1.11
1.26	Explanation necessary for an understanding of the transactions
	1.20 Above represents payments made towards share issue costs

Non-cash financing and investing activities

$2.1$ Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

None

$2.2$ Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

None

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available \$A'000	Amount used \$A'000
3.1	ARENA Convertible Note facilities
3.2	Credit standby arrangements

⁺ See chapter 19 for defined terms.

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter \$A'000	Previous quarter \$A'000
4.1	Cash on hand and at bank	5,714.59	691.02
4.2	Deposits at call	180	46
4.3	Bank overdraft
4.4	Other (provide details)
	Total: cash at end of quarter (item 1.23)	5,894.59	737.02

Acquisitions and disposals of business entities

		Acquisitions (Item $1.9(a)$ )	Disposals (Item $1.10(a)$ )
5.1	Name of entity
5.2	Place of incorporation or registration
5.3	Consideration for acquisition or disposal
5.4	Total net assets
5.5	Nature of business

Compliance statement

• $\mathbf{1}$ This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

Sign here:	$\langle . \rangle$ (Director)	٠ Date: 29 July 2016
Print name:	Steve O'Brien

⁺ See chapter 19 for defined terms.

Notes

• $\mathbf{I}$ . 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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• $2.$ The definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report except for any additional disclosure requirements requested by AASB 107 that are not already itemised in this report.
• $\mathbf{3}$ . Accounting Standards. ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

^<sup>i YTD Numbers include cash flows of the acquired entity for the current quarter (i.e. 01 Apr 2016 – 30 June 2016) only, which has been consolidated into the annual cash flows reported above.

⁺ See chapter 19 for defined terms.