FREELANCER LIMITED — Interim / Quarterly Report 2015

Oct 14, 2015

Appendix
4C Quarterly
report
for
entities admitted
on
the
basis
of
commitments

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Rule
4.7B

**Appendix

4C**

**Quarterly

report for
entities
admitted on
the
basis
of
commitments**

Name
of
entity

**Freelancer

Limited**

Freelancer Limited	Freelancer Limited	Freelancer Limited
ABN 66 141 959 042 Unaudited consolidated statement of cash flows	Quarter ended (“current quarter”)
	30 September 2015
Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) staff costs (b) advertising and marketing (c) research and development (d) leased assets (e) other working capital 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes refunded/ (paid) 1.7 Other: (a) Government grant revenue Net operating cash flows	Current quarter $A’000	Year to date (9 months) $A’000
	9,727 (4,621) (1,977) - - (3,282) - 83 - 36 -	26,465 (12,745) (4,419) - - (8,460) - 106 - 3 119
	(33)	1,068

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1

Appendix
4C Quarterly
report
for
entities admitted
on
the
basis
of
commitments

==> picture [122 x 31] intentionally omitted <==

	Current quarter $A’000	Year to date (9 months) $A’000
1.8 Net operating cash flows (carried forward)	(33)	1,068
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other Net investing cash flows 1.14 Total operating and investing cash flows	- - (2) (279) - - - - - - - - -	- - (8) (612) (648) - - - - - - - -
	(281)	(1,268)
	(314)	(200)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc.1 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings 1.19 Dividends paid 1.20 Other: (a) Capitalised IPO costs Net financing cash flows	9,773 - - - - - -	19,635 - - - - - -
	9,773	19,635
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments 1.23 Cash at end of quarter	9,459 31,134 2,033	19,435 20,210 2,981
	42,627	42,627

1
As
the
ESP
is
considered
in
substance
a
share
option,
ESP
shares
issued
and
corresponding
loans
receivable are
not
recognised
by
the
Company
in
its
financial
statements.
The
loan
receivable
does
not
satisfy
the “probable
future
benefits
following
to
the
entity”
criteria
of
SAC
2 Framework
for
the
Preparation
and Presentation
of
Financial
Statements on
the
basis
that
the
loan
is
non-­‐recourse.
ESP
shares
are
therefore
not considered
issued
to
participants
until
the
corresponding
loans
are
repaid,
at
which
time
the
Company recognises
an
increase
in
the
issued
capital
and
increase
in
cash.

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2

Appendix
4C Quarterly
report
for
entities admitted
on
the
basis
of
commitments

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**Payments

to
directors
of
the
entity
and
associates
of
the
directors**

**Payments

to
related
entities
of
the
entity
and
associates
of
the
related
entities**

1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.11	Current quarter $A’000
		240
		-
1.26	Explanation necessaryfor an understandingof the transactions
	1.24 includes directors’ fees and salaries paid in the quarter.

**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

N/A

• 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 N/A

**Financing

facilities
available**

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	-	-
	-	-

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3

Appendix
4C Quarterly
report
for
entities admitted
on
the
basis
of
commitments

==> picture [122 x 31] intentionally omitted <==

**Reconciliation

of
cash**

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 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other (provide details)	35,315	23,329
	7,312	7,805
	-	-
	-	-
Total: cash at end of quarter(item 1.23)	42,627	31,134

**Acquisitions

and
disposals
of
business
entities**

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	Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
	-	-
	-	-
	-	-
	-	-
	-	-

**Compliance

statement**

• 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.

• 2 This
  statement
  does
  give
  a
  true
  and
  fair
  view
  of
  the
  matters
  disclosed.

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---

Dated
15
October
2015

Neil
Katz Company
Secretary

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4

Appendix
4C Quarterly
report
for
entities admitted
on
the
basis
of
commitments

==> picture [122 x 31] intentionally omitted <==

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 wanting
to
disclose
additional
information
is
encouraged
to
do
so,
in
a
note
or
notes attached
to
this
report.

1. 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.

2. 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.

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