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MAGONTEC LIMITED — Interim / Quarterly Report 2014
Jan 26, 2015
65327_rns_2015-01-26_1ef710b2-a7e3-44d6-9125-9bd8dd71ca01.pdf
Interim / Quarterly Report
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Limited
Suite 1.03, Level 1 46 Macleay St Potts Point NSW 2000 Australia Ph +61 2 80054109 FAX: +61 2 9252 8960
27 January 2015
Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney, NSW, 2000
Dear Sirs,
Appendix 4C – Quarter Ended 31 December 2014
Appendix 4C for the quarter ended 31 December 2014 is attached. The cash flow data contained therein is unaudited.
Given that the Company’s annual report for 2014 will be released prior to 28 February 2015, no supplementary accounting data and Executive Chairman’s report are included.
Please refer to Appendix 5 of the 30 September 2014 Appendix 4C lodged with the ASX on 30 October 2014. Appendix 5 incorrectly deducted a cash flow of $3,000,000 from the category “Net capital raised from issue of securities” and added it to the category “Net cash (used)/generated in other operating activities”. The error has been corrected in this report - refer Note 1 in the table of Operating Cash Flows and Note 2 in the table of Financing Cash Flows.
Yours Sincerely
==> picture [146 x 61] intentionally omitted <==
Nicholas Andrews Executive Chairman Magontec Limited
Appendix 4C Magontec Limited 31 December 2014 Quarterly Report Rule 4.7B
Limited
QUARTERLY CASHFLOW - APPENDIX 4C
for the Period Ended 31 December 2014
Page 1
Appendix 4C Magontec Limited 31 December 2014 Quarterly Report Rule 4.7B
Magontec Limited
ABN: 51 010 441 666 Registered & Principal Office: Office 10, Level 8, 139 Macquarie Street, Sydney, NSW 2000 Australia
Issued Capital (as at 31 December 2014)
Ordinary Shares (ASX Code MGL) 1,115,725,813 fully paid Ordinary shares on issue
Options: Nil
Substantial Shareholders
Tel: +61 2 8231 7085 Fax: +61 2 9252 8960 Website: www.magontec.com Email: [email protected]
Non-Executive Directors (as at 31 December 2014)
Zhongjun Li Kangmin Xie Andre Labuschagne
Independent Directors (as at 31 December 2014)
Robert Shaw Robert Kaye
| Major Shareholders | No. of shares |
Percent |
|---|---|---|
| Qinghai Salt Lake Magnesium Industry Limited |
330,535,784 | 29.63 |
| Straits Mine Management Pty Limited |
169,139,195 | 15.16 |
| J P Morgan Nominees Australia Limited |
111,366,417 | 9.98 |
| CiticorpNomineesPtyLimited | 89,481,923 | 8.02 |
| KWE(HK)Investment Development CoLimited |
55,797,298 | 5.00 |
Share Registry Services
Boardroom Pty Limited Level 7, 207 Kent St Sydney NSW 2000
Management Team
Nicholas Andrews Executive Chairman
John Talbot Chief Financial Officer
Company Secretary John Talbot
Postal:
GPO Box 3993 Sydney NSW 2001
Tel: 1300 737 760 or International: +61 2 9290 9600 Fax: 1300 653 459 Website: http://www.boardroomlimited.com.au
The current share price can be obtained from the ASX Website
Page 2
Appendix 4C Magontec Limited 31 December 2014 Quarterly Report Rule 4.7B
Appendix 4C
Quarterly Report
Introduced 31/3/2000. Amended 30/9/2001.
Name of entity Magontec Limited ABN Quarter ended (“current quarter”) 51 010 441 666 31 December 2014
| OPERATING CASH FLOWS (a) Operating Activities - other than net working capital assets Revenues excluding investment income Operating Expenses excluding depreciation Interest received Interest expense Taxation Operating profit/(loss) before working capital movement (b) Operating Activities - net working capital assets Cash flow on working capital assets - Inventory - Trade and Other Receivables - Other - Adjustment for non-cash items Cash flow on working capital liabilities - Creditors and accruals Note 1 - Provisions - Other - Adjustment for non-cash items Operating profit/(loss) from working capital movement Net cash (used)/generated inoperating activities (a) +(b) |
Quarter Ended 31-Dec-14 (3 months) + = Cash In ( ) = Cash Out |
Year To Date 31-Dec-14 (12 months) + = Cash In ( ) = Cash Out |
Year To Date 30-Sep-14 (9 months) + = Cash In ( ) = Cash Out |
|---|---|---|---|
| AUD | AUD | AUD | |
| 39,623,079 | 148,785,425 | 109,162,346 | |
| (39,477,053) | (148,209,892) | (108,732,839) | |
| 15,584 | 97,593 | 82,009 | |
| (863,329) | (1,087,672) | (224,344) | |
| 434 | (252,975) | (253,410) | |
| (701,284) | (667,521) | 33,763 | |
| (4,700,854) | (5,626,590) | (925,736) | |
| 2,654,015 | 2,402,953 | (251,061) | |
| (573,929) | (1,416,540) | (842,611) | |
| (295,814) | (26,376) | 269,437 | |
| 4,815,055 | 945,584 | (3,869,471) | |
| (248,114) | (1,213,654) | (965,540) | |
| (1,240,813) | (905,781) | 335,031 | |
| (48,116) | 895,545 | 943,661 | |
| 361,430 | (4,944,859) | (5,306,290) | |
| (339,854) | (5,612,381) | (5,272,527) |
Note 1. The cash outflow to 9 months ended 30 September 2014 has been increased by $3,000,000 compared to the figure appearing in the Appendix 4C for quarter ended 30 September 2041.
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Appendix 4C Magontec Limited 31 December 2014 Quarterly Report Rule 4.7B
| INVESTING CASH FLOWS Net cash out on purchase/disposal of PP & E(1) Group Information Technology software Other Net cash provided by/(used in) investing activities (1) P P& E = Property, Plant and Equipment |
Quarter Ended 31-Dec-14 (3 months) + = Cash In ( ) = Cash Out |
Year To Date 31-Dec-14 (12 months) + = Cash In ( ) = Cash Out |
Year To Date 30-Sep-14 (9 months) + = Cash In ( ) = Cash Out |
|---|---|---|---|
| AUD | AUD | AUD | |
| (1,338,647) | (2,408,233) | (1,069,585) | |
| (4,841) | (39,915) | (35,074) | |
| (28,738) | (28,738) | 0 | |
| (1,372,227) | (2,476,886) | (1,104,659) | |
| FINANCING CASH FLOWS Principal reduction on debt owing to SMM(2) Bank Debt Net capital raised from issue of securities Note 2 Net cash provided by financing activities (2) SMM =Straits Mine Management Pty Limited |
Quarter Ended 31-Dec-14 (3 months) + = Cash In ( ) = Cash Out |
Year To Date 31-Dec-14 (12 months) + = Cash In ( ) = Cash Out |
Year To Date 30-Sep-14 (9 months) + = Cash In ( ) = Cash Out |
|---|---|---|---|
| AUD | AUD | AUD | |
| (0) | (2,100,046) | (2,100,046) | |
| 5,269,833 | 5,333,656 | 63,823 | |
| 31,644 | 5,070,305 | 5,038,661 | |
| 5,301,477 | 8,303,915 | 3,002,438 | |
Note 2. The cash inflow to 9 months ended 30 September 2014 has been increased by $3,000,000 compared to the figure appearing in the Appendix 4C for quarter ended 30 September 2041.
| Net increase/(decrease) in cash and cash equivalents excluding foreign exchange effects Foreign exchange effects on total cash flow movement Cash and cash equivalents at the beginning of quarter/year to date Cash and cash equivalents at the end of the reporting period |
Quarter Ended 31-Dec-14 (3 months) + = Cash In ( ) = Cash Out |
Year To Date 31-Dec-14 (12 months) + = Cash In ( ) = Cash Out |
Year To Date 30-Sep-14 (9 months) + = Cash In ( ) = Cash Out |
|---|---|---|---|
| AUD | AUD | AUD | |
| 3,589,397 | 214,648 | (3,374,749) | |
| 592,045 | 622,517 | 30,472 | |
| 4,031,077 | 7,375,354 | 7,375,354 | |
| 8,212,519 | 8,212,519 | 4,031,077 |
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Appendix 4C Magontec Limited 31 December 2014 Quarterly Report Rule 4.7B
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
| 1.6 (a) (b) |
Aggregate amount of payments to the relevant parties (aggregate fees paid to directors) |
Quarter Ended 31 December 2014 $A |
|---|---|---|
| $35,000 | ||
| 1.7 | Aggregate amount of loans to the relevantparties | Nil |
| 1.8 | Explanation necessary for an understanding of the transactions |
Compliance statement
1
This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act 2001 (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.
Sign here:
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Date: 27 January 2015 Executive Chairman Magontec Limited
name: Mr Nicholas Andrews
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Appendix 4C Magontec Limited 31 December 2014 Quarterly Report Rule 4.7B
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.
2 The definitions in, and provisions of, AASB 107: Cash Flow Statements apply to this report except for the paragraphs of the Standard set out below.
-
Aus20.1 - reconciliation of cash flows arising from operating activities to operating profit or loss
-
• 39 - 42 - itemised disclosure relating to acquisitions and disposals • 48 - 52 - disclosure of restrictions on use of cash
3 Accounting Standards. ASX will accept, for example, the use of International Accounting 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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