QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2012

Dec 12, 2011

Name of entity

November 2011 Monthly p Cash Flow Report

QUESTE COMMUNICATIONS LTD and controlled entity
ACN or ARBN		Month Ended
081 688 164		30 November 2011
Consolidated statement of cash flows		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		Nov 2011	5 months	Nov 2011	5 months
		$' 000	$' 000	$' 000	$' 000
Cash flows related to operating activities
1.1	Receipts from customers	-	-	41	177
1.2	Payments for
	(a) staff costs	(50)	(263)	(88)	(484)
	(b) advertising and marketing	-	-	-	-
	(c) research and development	-	-	-	-
	(d) leased assetsleased	-	-	-	-
	(e) other working capital	(19)	(155)	(48)	(603)
1.3	Dividends received	-	59	-	757
1.4	Interest and other items of a similar nature received	1	55	2	23
1.5	Interest and other costs of finance paid	-	-	-	-
1.6	Income taxes (paid)/refund	-	-	-	-
1 7.	Other (provide details if material)Other (provide details if
	Net operating cash flows	(68)	(304)	(93)	(130)

Notes:

The Company currently has a 50.88% 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 tak Therefore, the Consolidated columns in this Monthly Cash Flow Report takes into account the cash flows of the Company and its controlled entity into account the cash flows of the Company and its controlled entity, including OEQ

		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		Nov 2011	5 months	Nov 2011	5 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(68)	(304)	(93)	(130)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a)businesses (item 5)	-	-	-	-
	(b)equity investments	-	-	-	-
	( ) ci t llintellectual propertytlt	-	-	-	-
	(d)physical non-current assets	-	-	-	(122)
	(e)other non-current assets	-	-	-	-
1.10	Proceeds from disposal of:
	(a)businesses (item 5)	-	-	-	-
	(b)equity investments		-		-
	(c)intellectual propertyintellectual	-	-	-	-
	(d)physical non-current assets	-	-	-	-
	(e)other non-current assets	-	-	-	-
1.11	Loans to other entities	-	(150)	-	-
1.12	Loans repaid by other entities	-	650	-	-
1.13	Other (provide details if material)	-	-	-	-
	Capital return from equity investmentCapital return from equity	-	87	-	1,113
	Net investing cash flows	-	587	-	991
1.14	Total operating and investing cash flows	(68)	283	(93)	861
	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	-	-	-	-
1.20	Other (provide details if material)	-	-	-	-
			-
	Net financing cash flows	-	-	-	-
	Net increase (decrease) in cash held	(68)	283	(93)	861
1.21	Cash at beginning of month/year to date	1,751	1,400	2,649	1,695
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	1,683	1,683	2,556	2,556

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 Month
		Nov 2011
		$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(39)
1.25	Aggregate amount of loans to the parties included in item 1.11	-

1.26 Explanation necessary for an understanding of the transactions

Payments for Staff costs (in Item 1.2) includes: (1) $10,769 - Salaries and fees paid by the Company to Directors; (2) $28,462 - Salaries and fees paid by controlled entity, Orion Equities Limited (OEQ), 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 shown inthe consolidated statement of cash flows) to the relateditems in the accounts is as follows			Company	Consolidated
		Current	Previous	Current	Previous
		Month	Month	Month	Month
		$' 000	$' 000	$' 000	$' 000
4.1	Cash on hand and at bank	51	1,719	931	2,617
4.2	Deposits at call	1,632	32	1,625	32
4.3	Bank overdraft	-	-		-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	1,683	1,751	2,556	2,649

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 - 5.3 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

Date: 13 December 2011

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

Notes:

The Company currently holds the following listed share investments: 30 November 2011

	No Shares	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,063,153	50.88%	$0.230	$2,084,525
Shares (Other)				$283,147
				$2,367,672

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