QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2014

Apr 10, 2014

QUESTE COMMUNICATIONS LTD and controlled entity

Appendix 4C

on the basis of commitments Quarterly Report for entities admitted

Name of entity:

ACN or ARBN		Quarter Ended
	081 688 164	31 March 2013
	Consolidated statement of cash flows	CompanyConsolidated
		Current QuarterMar 14$' 000	Year to Date9 months$' 000	Current QuarterMar 14$' 000	Year to Date9 months$' 000
Cash flows related to operating activities1.1Receipts from customers		-	-	66	172
1.2	Payments for(a)staff costsadvertising and marketing(b)research and development(c)(d)leased assetsother working capital(e)	(90)---16	(173)---(175)	(189)---(104)	(480)---(587)
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)	183--	1816--	2236--	22357--
	Net operating cash flows	(53)	(314)	2	(615)

Notes:

The Company currently has a 58.51% (31 December 2013: 55.18%) 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 Quarterly Cash Flow Report takes into account the cash flows of the Company and its controlled entity, OEQ.

The Company's interest in OEQ increased during the quarter as a consequence of OEQ cancelling 966,692 shares bought-back pursuant to the on-market share buy-backs announced on 5 August 2013 and 24 February 2014.

		Company		Consolidated
		Current QuarterMar 14$' 000	Year to Date9 months$' 000	Current QuarterMar 14$' 000	Year to Date9 months$' 000
1.8	Net operating cash flows (carried forward)	(53)	(314)	2	(615)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	-	-	-	-
	(c)intellectual property	-	-	-	-
	physical non-current assets(d)	-	(10)	-	(28)
	other non-current assets(e)	-	-	-	-
1.10	Proceeds from disposal of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	-	-	-	-
	(c)intellectual property	-	-	-	-
	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	-	7	-	195
1.14	Total operating and investing cash flows	(53)	(307)	2	(420)
	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)	-	-	-	-
	- QUE Off-Market Share Buy Back	(107)	(105)	-	-
	- OEQ On-Market Share Buy Back	-	-	(400)	(587)
	Net financing cash flows	(107)	(105)	(400)	(587)
	Net increase (decrease) in cash held	(160)	(412)	(398)	(1,007)
1.211.22	Cash at beginning of quarter/year to dateExchange rate adjustments to item 1.20	822-	1,0731	2,163(3)	2,7663
1.23	Cash at end of month	662	662	1,762	1,762

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

		Current QuarterMar 14$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(111)
1.25	Aggregate amount of loans to the parties included in item 1.11	-

1.26 Explanation necessary for an understanding of the transactions

Payments for Staff costs (in Item 1.24) includes: (1) $29,361 - Salaries, fees and superannuation paid by the Company to Directors;

(2) $81,909 - 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 an

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	-	-

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

Date:

11 April 2014

Reconciliation of cash			Company	Consolidated
Reconciliation of cash at the end of the month (as shown in		Current	Previous	Current	Previous
the consolidated statement of cash flows) to the related		Quarter	Quarter	Quarter	Quarter
items in the accounts is as follows:		$' 000	$' 000	$' 000	$' 000
4.1	Cash on hand and at bank	142	801	442	2,142
4.2	Deposits at call	520	21	1,320	21
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	662	822	1,762	2,163

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

The Company currently holds the following listed share investments:	31 March 2013
	No Shares	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	58.51%	$0.250	$2,341,913
Shares (Other)				$247,751
				$2,589,664

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