QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2012

Jan 12, 2012

Queste Communications Ltd December 2011 and Controlled Entity

Quarterly Cash Flow Report

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 December 2011
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 receiv 1.5 Interest and other costs of finance paid 1 6 I t ( id)/ f d . ncome axes pa re un 1.7 Other (provide details if material) Net operating cash flows	Company		Consolidated
	Current Quarter Dec 2011 $' 000	Year to Date 6 months $' 000	Current Quarter Dec 2011 $' 000	Year to Date 6 months $' 000
	- (200) - - - (55) - 45 - -	- (346) - - - (181) 59 58 - -	129 (351) - - - (180) - 12 - -	202 (628) - - - (676) 757 26 - -
	(210)	(410)	(390)	(319)

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

Queste Communications Ltd and Controlled Entity

December 2011

	Company	Company	Consolidated	Consolidated
	Current Quarter Dec 2011 $' 000	Year to Date 6 months $' 000	Current Quarter Dec 2011 $' 000	Year to Date 6 months $' 000
1.8 Net operatingcash flows(carried forward)	(210)	(410)	(390)	(319)
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 equityinvestment Net investing cash flows 1.14Total operating and investing cash flows	- - - - - - - - - - - 650 - 87	- - - - - - - - - - (150) 650 - 87	- - - - - - - - - - - - - 1,113	- - - (122) - - - - - - - - - 1,113
	737	587	1,113	991
	527	177	723	672
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	527 1,050 -	177 1,400 -	723 1,644 -	672 1,695 -
	1,577	1,577	2,367	2,367

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 December 2011 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

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 Dec 2011 $' 000
	(170)
	-

• 1.26 Explanation necessary for an understanding of the transactions

Payments for Staff costs (in Item 1.2) includes:

• (1) $51,624 - Salaries, fees and superannuation paid by the Company to Directors;

• (2) $118,513 - 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 standbyarrangements	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

December 2011

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 items in the accounts is as follows	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)	57	1,018	197	1,612
	1,520	32	2,170	32
	-	-	-	-
	-	-	-	-
Total:cash at end of month (item 1.23)	1,577	1,050	2,367	1,644
	- - - -

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 C orpora ti ons L aw ( excep t t o th e ex en t t th a t i n orma f ti on i s no t requ re i d b ecause o f no e t 2) or o th er s an t d ar d s accep a t bl e t o ASX.

• 2 This statement does give a true and fair view of the matters disclosed.

Date : 13 January 2012

Victor Ho Company Secretary

Notes:

The Company	currently holds the following listed share investments:	currently holds the following listed share investments:	currently holds the following listed share investments:	31 December 2011
		% Interest	No Shares	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)		50.88%	9,063,153	$0.205	$1,857,946
Shares (Other)					$282,747
					$2,140,693

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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