HUBIFY LIMITED — Interim / Quarterly Report 2018

Jul 30, 2018

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

United Networks Limited

ABN

Quarter ended (“current quarter”)

60 607 921 246

30 June 2018

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(12 months)
			$A’000
1	Cash flows from operating activities
1.1	Receipts from customers	1,137	3,506
1.2	Payments for
	(a) research and development	-
	(b) product manufacturing and operating costs	(164)	(973)
	(c) advertising and marketing	(13)	(53)
	(d) leased assets	-
	(e) staff costs	(221)	(1,315)
	(f) administration and corporate costs	(751)	(2,933)
1.3	Dividends received (see note 3)	-
1.4	Interest received	4	42
1.5	Interest and other costs of finance paid	(21)	(71)
1.6	Income taxes paid	-
1.7	Government grants and tax incentives	519	519
1.8	Other (provide details if material)	-
1.9	Net cash from / (used in) operating activities	490	(1,278)
2	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment	(2)	(10)
	(b) businesses (see item 10)	-
	(c) investments	-

• See chapter 19 for defined terms 1 September 2016

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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
		$A’000	(12 months)
			$A’000
	(d) intellectual property	-
	(e) other non-current assets	(138)	(893)
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
2.4	Dividends received (see note 3)	-
2.5	Other (provide details if material)	-
2.6	Net cash from / (used in) investing activities	(140)	(901)
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	-
3.4	Transaction costs related to issues of shares,	-
	convertible notes or options
3.5	Proceeds from borrowings	-
3.6	Repayment of borrowings	(228)	(680)
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 activities	(228)	(680)
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	1,234	4,215
4.2	Net cash from / (used in) operating activities (item 1.9 above)	490	(1,278)
4.3	Net cash from / (used in) investing activities (item 2.6 above)	(140)	(901)
4.4	Net cash from / (used in) financing activities (item 3.10 above)	(228)	(680)

• See chapter 19 for defined terms 1 September 2016

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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	Year to date
		$A’000	(12 months)
			$A’000
4.5	Effect of movement in exchange rates on cash		-
	held
4.6	Cash and cash equivalents at end of quarter	1,356		1,356
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	1,356		1,234
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)	1,356		1,234
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			98
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

Includes gross executive director salaries and superannuation paid, gross non-executive director fees and superannuation paid.

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		51
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

Includes payments to related entities for rent and other operating expenses.

• See chapter 19 for defined terms 1 September 2016

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

8	Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end	Amount drawn quarter end	at
	$A’000	$A’000
8.1	Loan facilities 315		315
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.

The loan facility is with related party ULG Holdings Limited and secured by a general security agreement. Interest is charged as the base rate equal to the bid rate for bills plus a margin of 3%.

9	Estimated cash outflows for next quarter			$A’000
9.1	Research and development				60
9.2	Product manufacturing and operating costs				596
9.3	Advertising and marketing				15
9.4	Leased assets
9.5	Staff costs				287
9.6	Administration and corporate costs				81
9.7	Other (provide details if material)
9.8	Total estimated cash outflows				1,039
10	Acquisitions and disposals of business entities	Acquisitions		Disposals
	(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

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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.

Sign here:

==> picture [110 x 42] intentionally omitted <==

(Company secretary)

Date: 31 July 2018

Print name: Michael Potts

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.

• See chapter 19 for defined terms 1 September 2016

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