QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2009

Apr 13, 2009

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

NName of entityftit
	QUESTE COMMUNICATIONS LTD and controlled entities
ACN or ARBN				Quarter Ended
	081 688 164			31 March 2009
		Company
Consolidated statement of cash flows				Consolidated
		CCurrent QuartertQt	YYear to DatetDt9 months	CCurrent QuartertQt	YYear to DatetDt9 months
		Mar 2009$' 000	$' 000	Mar 2009$' 000	$' 000
	Cash flows related to operating activities
1.1	Receipts from customers	-	-	-	280
1 2.	Payments fortf
	(a) staff costs	(146)	(431)	(276)	(843)
	(b) advertising and marketing	-	-	-	-
	(c) research and development	-	-	-	-
	(d) leased assets	-	-	-	-
	(e) other working capital	159	75	(37)	(852)
1.3	Dividends received	-	49	6	40
1.4	Interest and other items of a similar nature received	56	143	67	164
1.5	Interest and other costs of finance paid	-	-	-	-
1.6	Income taxes paid	-	-	-	-
1.7	Other (provide details if material)
	Net operating cash flows	69	(164)	(240)	(1,211)

Note:

The Company currently has a 48% interest in ASX listed investment company, Orion Equities Limited ("OEQ").

OEQ is a controlled entity of the Company under the Accounting Standards.

Therefore, the Consolidated columns in this Monthly Cash Flow Report takes into account the cash flows of the Company and its controlled entities, including OEQ

		Company		Consolidated
		Current Quarter	Year to Date	Current Quarter	Year to Date
		Mar 2009	9 months	Mar 2009	9 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	69	(164)	(240)	(1,211)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a)businesses (item 5)	-	-	-	-
	(b)equity investments	-	(516)	(2)	(781)
	(c)intellectual property	-	-	-	-
	(d)physical non-current assets	-	-	-	-
	(e)other non other non current -current assets	-	(2)	-	(2)
1.10	Proceeds from disposal of:
	(a)businesses (item 5)	-	-	-	-
	(b)equity investments	9	611	9	1,748
	(c)intellectual property	-	-	-	-
	(d)physical non-current assets	-	-	-	-
	( ) eother non-current assets	-	-	-	-
1.11	Loans to other entities	-	-	-	-
1.12	Loans repaid by other entities	-	-	-	-
1.13	Other (provide details if material)	-	-	-	-
	Net investing cash flows	993		7	965
1.14	Total operating and investing cash flows	78	(71)	(233)	(246)
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.	-	-	-	-
1.16	Proceeds from sale of forfeited shares	-	-	-	-
1.17	Proceeds from borrowings	-	-	-	-
1.18	Repayment of borrowings	-	-	-	-
1.19	Dividends paid	-	(75)		(121)
1.20	Other (provide details if material)	-	-	-	-
	Calls made and paid on partly paid shares	-	105	-	105
	Net financing cash flows	-	30	-	(16)
	Net increase (decrease) in cash held	78	(41)	(233)	(262)
1.21	Cash at beginning of month/year to date	3,210	3,329	3,895	3,924
1.22	Exchange rate adjustments to item 1.20	-	-		-
1.23	Cash at end of month	3,288	3,288	3,662	3,662

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
		Mar 2009
		$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(174)
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) $47,070 Salaries and fees paid by the Company to Directors; (2) $126,999 - Salaries and fees paid by controlled entity, Orion Equities Limited, to its Directors.

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. (See AASB 1026 paragraph 12.2).

		Amt available$' 000	Amount used$' 000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Reconciliation of cashReconciliation of cash at the end of the month (as shownin the consolidated statement of cash flows) to the relateditems in the accounts is as follows		Company		Consolidated
		CurrentQuarter$' 000	PreviousQuarter$' 000	CurrentQuarter$' 000	PreviousQuarter$' 000
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.22)	3,288	3,210	3,662	3,895
		-	-	-	-

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 -

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law (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.

Victor Ho Company Secretary

A i iti Di l

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

Date: 14 April 2009

Notes:

The Company currently holds the following listed share investments:		14-Apr-09
	No Shares	% Interest	Last Closing Price	Market Value
Shares in Orion Equities Limited (OEQ)	8,558,127	48.04%	$0.420	$3,594,413
Shares (Other)Shares				$54 571$54,571
				$3,648,984

The above investments are regarded as liquid assets to supplement the Company's cash reserves.