FREELANCER LIMITED — Interim / Quarterly Report 2017

Jan 30, 2017

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

+Rule 4.7B

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity

Name of entity	Name of entity
Freelancer Limited
Freelancer Limited
ABN Quarter ended (“current quarter”) 66 141 959 042 31 December 2016
66 141 959 042	31 December 2016

Consolidated statement of cash flows	Consolidated statement of cash flows		Current quarter	Year to date (12
			$A’000	months)
				$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers		13,048	51,872
1.2	Payments for
	(a) research and development
	(b) product manufacturing and operating		(1,335)	(6,340)
	costs
	(c) advertising and marketing		(2,134)	(9,499)
	(d) leased assets
	(e) staff costs		(5,063)	(21,337)
	(f) administration and corporate costs*		(4,055)	(12,071)
1.3	Dividends received (see note 3)
1.4	Interest received		24	140
1.5	Interest and other costs of finance paid
1.6	Income taxes paid		(9)	(195)
1.7	Government grants and tax incentives		-	80
1.8	Other (provide details if material)		(169)	1,826
1.9	Net cash from / (used in) operating		306	4,476
	activities
* includes Startcon conference costs held in November
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment
	(b)		(105)	(428)
	(b) businesses (see item 10)
	(c) investments

• See chapter 19 for defined terms

1 September 2016

Page 1

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date (12
		$A’000	months)
			$A’000
	(d) intellectual property	(798)	(1,851)
	(e) other non-current assets
2.2	Proceeds from disposal of:
	(a) property, plant and equipment
	(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	(902)	(2,279)
	activities
3.	Cash flows from 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	19	440
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 cash from / (used in) financing	19	440
	activities
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	34,295	32,246
4.2	Net cash from / (used in) operating	306	4,476
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(902)	(2,279)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	19	440
	(item 3.10 above)

• See chapter 19 for defined terms

1 September 2016

Page 2

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

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date (12
		$A’000	months)
			$A’000
4.5	Effect of movement in exchange rates on	1,062	(104)
	cash held
4.6	Cash and cash equivalents at end of	34,779	34,779
	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	31,323	29,885
5.2	Call deposits	3,456	4,410
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of	34,779	34,295
	quarter (should 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	170
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

Remuneration to directors

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

Current quarter $A'000

	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

• See chapter 19 for defined terms 1 September 2016

Page 3

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

8.	Financing facilities available	Total facility amount	Amount drawn at
	Add notes as necessary for an	at quarter end	quarter end
	understanding of the position	$A’000	$A’000
8.1	Loan facilities
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.

9.	Estimated cash outflows for next quarter	$A’000
9.1	Research and development
9.2	Product manufacturing and operating costs		(2,035)
9.3	Advertising and marketing		(1,418)
9.4	Leased assets
9.5	Staff costs		(5,953)
9.6	Administration and corporate costs		(3,720)
9.7	Other (provide details if material)		(370)
9.8	Total estimated cash outflows		(13,496)

10.	Acquisitions and disposals of	Acquisitions	Disposals
	business entities
	(items 2.1(b) and 2.2(b) above)
10.1	Name of entity
10.2	Place of incorporation or
	registration
10.3	Consideration for acquisition or
	disposal
10.4	Total net assets
10.5	Nature of business

• See chapter 19 for defined terms 1 September 2016

Page 4

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

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.

==> picture [47 x 40] intentionally omitted <==

Sign here: ............................................................ Date: 31 January 2017 Company secretary

Print name: Neil Katz

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 1 September 2016

Page 5