QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2012

Apr 3, 2012

Queste Communications Ltd and Controlled Entity

Quarterly Cash Flow Report

March 2012

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

Name of entity QUESTE COMMUNICATIONS LTD and controlled entity

ACN or ARBN 081 688 164	Quarter Ended	Quarter Ended	Quarter Ended	Quarter Ended
	31 March 2012
Consolidated statement of cash flows Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) staff costs (b) advertising and marketing (c) research and development (d) leased assets (e) other working capital 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes (paid)/refund 1.7 Other (provide details if material) Net operating cash flows	Company		Consolidated
	Current Quarter Mar 2012 $' 000	Year to Date 9 months $' 000	Current Quarter Mar 2012 $' 000	Year to Date 9 months $' 000
	- (148) - - - (55) - 29 (1) - -	- (495) - - - (235) 59 87 (1) - -	104 (271) - - - (303) - 42 (1) - -	305 (900) - - - (978) 757 69 (1) - -
	(175)	(585)	(429)	(748)

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 takes into account the cash flows of the Company and its controlled entity, including OEQ

Queste Communications Ltd (ABN 58 081 688 164)

Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9322 1515

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Quarterly Cash Flow Report

March 2012

Queste Communications Ltd and Controlled Entity

	Company	Company	Consolidated	Consolidated
	Current Quarter Mar 2012 $' 000	Year to Date 9 months $' 000	Current Quarter Mar 2012 $' 000	Year to Date 9 months $' 000
1.8 Net operatingcash flows(carried forward)	(175)	(585)	(429)	(748)
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other (provide details if material) Capital return from equity investment Net investing cash flows 1.14Total operating and investing cash flows	- - - - - - - - - - - - - -	- - - - - - - - - - (150) 650 - 87	- - - (1) - - - - - - - - - -	- - - (123) - - - - - - - - - 1,113
	-	587	(1)	990
	(175)	2	(430)	242
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 1.21 Cash at beginning of month/year to date 1.22 Exchange rate adjustments to item 1.20 1.23Cash at end of month	(175) 1,577 -	2 1,400 -	(430) 2,367 -	242 1,695 -
	1,402	1,402	1,937	1,937

Queste Communications Ltd (ABN 58 081 688 164) Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9322 1515

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Queste Communications Ltd March 2012 and Controlled Entity

Quarterly Cash Flow Report

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
1.24 Aggregate amount of payments to the parties included in item 1.2 1.25 Aggregate amount of loans to theparties included in item 1.11	Current Quarter Mar 2012 $' 000
	(128)
	-

• 1.26 Explanation necessary for an understanding of the transactions

• Payments for Staff costs (in Item 1.2) includes: (1) $36,809 - Salaries, fees and superannuation paid by the Company to Directors;

• (2) $91,472 - Salaries, fees and superannuation 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).

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

Queste Communications Ltd (ABN 58 081 688 164) Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9322 1515

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Queste Communications Ltd and Controlled Entity

Quarterly Cash Flow Report

March 2012

Reconciliation of cash	Company	Company	Consolidated	Consolidated
Reconciliation of cash at the end of the month (as shown in the consolidated statement of cash flows) to the related	Current Quarter $' 000	Previous Quarter $' 000	Current Quarter $' 000	Previous Quarter $' 000
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other(Bank Bills)	82	57	217	197
	1,320	1,520	1,720	2,170
	-	-	-	-
	-	-	-	-
Total: cash at end of month(item 1.23)	1,402	1,577	1,937	2,367

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

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.

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Date: 4 April 2012

Victor Ho Company Secretary

Notes:

TheCompany	currently holds the following listed share investments:	currently holds the following listed share investments:		31-Mar-12
		No Shares	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)		9,063,153	50.88%	$0.300	$2,718,946
Shares (Other)					$370,913
					$3,089,859

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

Queste Communications Ltd (ABN 58 081 688 164)

Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9322 1515

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