QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2015

Nov 12, 2014

October 2014 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

	ACN or ARBNMonth Ended
	081 688 164	31 October 2014
Consolidated statement of cash flows		Company		Consolidated
		Current MonthOct 14$' 000	Year to Date4 months$' 000	Current MonthOct 14$' 000	Year to Date4 months$' 000
	Cash flows related to operating activities
1.1	Receipts from customers	-	-	-	38
1.2	Payments forstaff costs(a)advertising and marketing(b)research and development(c)leased assets(d)other working capital(e)	(51)---(17)	(170)---(22)	(80)---(80)	(283)---(183)
1.31.41.51 61.61.7	Dividends receivedInterest and other items of a similar nature receivedInterest and other costs of finance paidIncome taxes (paid)/refundIncome taxesOther (provide details if material)- Security deposit	2-----	192---(18)	32----	2156---(37)
	Net operating cash flows	(66)	(189)	(155)	(244)

Notes:

The Company currently has a 58.93% (30 September 2014: 58.90%) 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.

The Company's interest in OEQ increased during the month as a consequence of OEQ cancelling 10,000 shares bought-back pursuant to an on-market share buy-back.

		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		Oct 14	4 months	Oct 14	4 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(66)	(189)	(155)	(244)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	(2)	(101)	(6)	(204)
	intellectual property(c)	-	-	-	-
	physical non-current assets(d)	-	-	-	-
	other non-current assets(e)	-	-	-	-
1.10	Proceeds from disposal of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	8	12	17	23
	intellectual property(c)	-	-	-	9
	(d)physical non-current assets	-	-	-	93
	(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)
	Net investing cash flows	6	(89)	11	(79)
1.14	Total operating and investing cash flows	(60)	(278)	(144)	(323)
	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)
	- OEQ On-Market Share Buy Back	-	-	(3)	(18)
	Net financing cash flows	-	-	(3)	(18)
	Net increase (decrease) in cash held	(60)	(278)	(147)	(341)
1.21	Cash at beginning of month/year to date	369	587	995	1,189
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	309	309	848	848

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
		Oct 14
		$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(41)
1.25	Aggregate amount of loans to the parties included in item 1.11	-

1.26 Explanation necessary for an understanding of the transactions

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 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting 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	-	-

Disposals

Reconciliation of cashReconciliation of cash at the end of the month (as shown inthe consolidated statement of cash flows) to the related		Company		Consolidated
		CurrentMonth	Previous	CurrentMonth	PreviousMonth
			Month
items in the accounts is as follows:		$' 000	$' 000	$' 000	$' 000
4.1	Cash on hand and at bank	88	223	178	749
4.2	Deposits at call	221	146	670	246
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	309	369	848	995

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 Act 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 November 2014

(Item 1.9(a)) (Item 1.10(a))

Acquisitions

The Company currently holds the following listed share investments and investments in unlisted managed funds:

		31-Oct-14
	No Shares/Units	% Interest	Last Bid Price		Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	58.90 %	$	0.235	$	2,201,398
Shares in Bentley Capital Limited (BEL)	1,740,625	2.38 %	$	0.145	$	252,391
Other listed shares	various	various		various	$	94,050
Units in unlisted managed fund	154,902	n/a	$	1.630	$	252,448
					$	2,800,287

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