QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2015

Oct 22, 2014

Appendix 4C

Quarterly Report

for entities admitted

on the basis of commitments

	Name of entity:
	QUESTE COMMUNICATIONS LTD and controlled entity
ACN or ARBN		Quarter Ended
	081 688 164	30 September 2014
Consolidated statement of cash flows		Company		Consolidated
		Current QuarterSep 2014$' 000	Year to Date3 months$' 000	Current QuarterSep 2014$' 000	Year to Date3 months$' 000
Cash flows related to operating activities
1.1	Receipts from customers	-	-	38	38
1.2	Payments forstaff costs(a)advertising and marketing(b)research and development(c)leased assets(d)other working capital(e)	(118)---(5)	(119)---(4)	(203)---(103)	(203)---(103)
1.31.41.51.61.7	Dividends receivedInterest and other items of a similar nature receivedInterest and other costs of finance paidIncome taxes (paid)/refundOther (provide details if material)- Security Deposit	172--(18)	172--(18)	2124--(37)	2124--(37)
	Net operating cash flows	(122)	(122)	(89)	(89)

Notes:

The Company currently has a 58.90% interest (30 June 2014: 58.90%) 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 Quarterly Cash Flow Report takes into account the cash flows of the Company and its controlled entity, OEQ.

		Company			Consolidated
		Current Quarter	Year to Date	Current Quarter	Year to Date
		Sep 2014	3 months	Sep 2014	3 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(122)	(122)	(89)	(89)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	(99)	(99)	(199)	(199)
	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)	3	3	7	7
	intellectual property(c)	-	-	9	9
	physical non-current assets(d)	-	-	93	93
	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)	-	-	-	-
	Net investing cash flows	(96)	(96)	(90)	(90)
1.14	Total operating and investing cash flows	(218)	(218)	(179)	(179)
	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	-	-	(15)	(15)
	Net financing cash flows	-	-	(15)	(15)
	Net increase (decrease) in cash held	(218)	(218)	(194)	(194)
			-	-	-
1.21	Cash at beginning of quarter/year to date	587	587	1,189	1,189
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	369	369	995	995

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 Quarter
		Sep 2014
		$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(117)
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) $31,666 Attributable to the Company: and Payments for Item 1.24 includes: (2) $102,520 - Attributable to Controlled Entity, OEQ.

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

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 in		Company		Consolidated
		Current	Previous	Current	Previous
the consolidated statement of cash flows) to the related items		Quarter	Quarter	Quarter	Quarter
in the accounts is as follows:		$' 000	$' 000	$' 000	$' 000
4.1	Cash on hand and at bank	223	566	749	1,118
4.2	Deposits at call	146	21	246	71
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	369	587	995	1,189

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.

Date:

23 October 2014

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

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

Victor Ho Company Secretary

The Company currently holds the following listed share investments:

The Company currently holds the following listed share investments:			30-Sep-14
	No Shares/Units	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	58.90%	$0.255	$2,388,752
Shares in Bentley Capital Limited (BEL)	1,740,625	2.38%	$0.145	$252,391
Other listed shares	various	various	various	$91,595
Units in unlisted managed fund	154,902	n/a	$1.568	$242,925
				$2,975,663

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