QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2013

Jan 10, 2013

December 2012 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

	ACN or ARBNMonth Ended
	081 688 164	31 December 2012
	Consolidated statement of cash flows	Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		Dec 2012	6 months	Dec 2012	6 months
		$' 000	$' 000	$' 000	$' 000
Cash flows related to operating activities
1.1	Receipts from customers	-	-	38	316
1.2	Payments for
	staff costs(a)	(25)	(151)	(69)	(416)
	advertising and marketing(b)	-	-	-	-
	research and development(c)	-	-	-	-
	leased assets(d)	-	-	-	-
	other working capital(e)	(20)	(220)	(87)	(606)
1.3	Dividends received	-	-	-	-
1.4	Interest and other items of a similar nature received	1	42	18	65
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	(44)	(329)	(100)	(641)

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.

		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		Dec 2012	6 months	Dec 2012	6 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(44)	(329)	(100)	(641)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	-	-	-	-
	intellectual property(c)	-	-	-	-
	physical non-current assets(d)	-	-	-	(6)
	other non-current assets(e)	-	-	-	-
1.10	Proceeds from disposal of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	-	2	-	1,582
	intellectual property(c)	-	-	-	-
	physical non-current assets(d)	-	-	-	-
	other non-current assets(e)	-	-	-	-
1.11	Loans to other entities	-	-	-	-
1.12	Loans repaid by other entities	-	-	-	-
1.13	Other (provide details if material)	-	-	-	-
	- Distribution of capital return from equity investment	-	17	-	223
	Net investing cash flows	-	19	-	1,799
1.14	Total operating and investing cash flows	(44)	(310)	(100)	1,158
	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)	-	-	-	-
	- Disbursement to Department of Treasury (WA)
	pursuant to Unclaimed Money Act 1990	-	(3)	-	(15)
	Net financing cash flows	-	(3)	-	(15)
	Net increase (decrease) in cash held	(44)	(313)	(100)	1,143
1.21	Cash at beginning of month/year to date	1,379	1,648	3,254	2,011
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	1,335	1,335	3,154	3,154

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

		Current Month
		Dec 2012
		$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(54)
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) $16,930 - Salaries, fees and superannuation paid by the Company to Directors; Payments for Staff costs (in Item 1.24) includes: (2) $37,224 - 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).

		Amt available	Amount used
		$' 000	$' 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
		CurrentMonth	PreviousMonth	CurrentMonth	PreviousMonth
4.1	Cash on hand and at bank	115	259	334	784
4.2	Deposits at call	1,220	1,120	2,820	2,470
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	1,335	1,379	3,154	3,254

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

Date: 11 January 2013

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

The Company currently holds the following listed share investments:
	No Shares	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,063,153	50.88%	$0.245	$2,220,472
Shares (Other)				$281,963
				$2,502,436

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