QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2014

Mar 12, 2014

Queste Communications Ltd February 2014 and Controlled Entity

Monthly Cash Flow Report

February 2014 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

ACN or ARBN 081 688 164	Month Ended	Month Ended	Month Ended	Month Ended
	28 February 2014
1.1 1.2 (a) (b) (c) (d) (e) 1.3 1 4 staff costs Cash flows related to operating activities Consolidated statement of cash flows Payments for Receipts from customers other working capital leased assets research and development Interest and other items of a similar nature received Dividends received advertising and marketing . 1.5 1.6 1.7 Other (provide details if material) Income taxes (paid)/refund Interest and other costs of finance paid Net operating cash flows	Company		Consolidated
	Current Month Feb 14 $' 000	Year to Date 8 months $' 000	Current Month Feb 14 $' 000	Year to Date 8 months $' 000
	- (47) - - - (47) - 1 - - -	- (106) - - - (116) - 16 - - -	15 (81) - - - (75) - 1 - - -	145 (368) - - - (482) - 55 - - -
	(93)	(206)	(140)	(650)

Notes:

The Company currently has a 58.47% (31 January: 55.86%) 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 750,000 shares bought-back pursuant to an on-market share buy-back.

Queste Communications Ltd (ABN 58 081 688 164)

Suite 1, 346 Barker Road, Subiaco, Western Australia 6008 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9214 9701

Page 1

Monthly Cash Flow Report

Queste Communications Ltd and Controlled Entity

February 2014

	Company	Company	Consolidated	Consolidated
	Current Month Feb 14 $' 000	Year to Date 8 months $' 000	Current Month Feb 14 $' 000	Year to Date 8 months $' 000
1.8 Net operatingcash flows(carried forward)	(93)	(206)	(140)	(650)
1.9 (a) (b) (c) (d) (e) 1.10 (a) (b) (c) (d) (e) 1.11 1.12 1.13 1 14 equity investments businesses (item 5) Payment for acquisition of: Cash flows related to investing activities physical non-current assets intellectual property other non-current assets physical non-current assets intellectual property equity investments businesses (item 5) Proceeds from disposal of: Other (provide details if material) Loans repaid by other entities Loans to other entities - Distribution of capital return from equity investment T t l ti d i ti h fl Net investing cash flows other non-current assets . o a opera ng an nves ng cas ows	- - - - - - - - - - - - -	- - - (10) - - - - - - - - 17	- - - - - - - - - - - - -	- - - (28) - - - - - - - - 223
	-	7	-	195
	(93)	(199)	(140)	(455)
1.15 1.16 1.17 1.18 1.19 1.20 Proceeds from sale of forfeited shares Proceeds from issues of shares, options, etc. Cash flows related to financing activities Net financing cash flows Other (provide details if material) Dividends paid Repayment of borrowings Proceeds from borrowings - OEQ On-Market Share Buy Back - QUE On-Market Share Buy Back	- - - - - (105) -	- - - - - (105) -	- - - - - (105) (48)	- - - - - (105) (273)
	(105)	(105)	(153)	(378)
1.21 1.22 1.23 Cash at end of month Exchange rate adjustments to item 1.20 Cash at beginning of month/year to date Net increase (decrease) in cash held	(198) 968 -	(304) 1,073 1	(293) 2,230 (1)	(833) 2,766 3
	770	770	1,936	1,936

Queste Communications Ltd (ABN 58 081 688 164) Suite 1, 346 Barker Road, Subiaco, Western Australia 6008 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9214 9701

Page 2

Queste Communications Ltd February 2014 and Controlled Entity

Monthly 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

related entities Payments to related entities of the entity and associates of the Payments to directors of the entity and associates of the directors
1.24 1.25 Aggregate amount of loans to theparties included in item 1.11 Aggregate amount of payments to the parties included in item 1.2	Current Month Feb 14 $' 000
	(40)
	-
1.26 Explanation necessary for an understanding of the transactions

Payments for Staff costs (in Item 1.24) includes: (1) $9,787 Attributable to the Company; and (2) $30,026 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

None.

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

3.1 3.2 Credit standbyarrangements Loan facilities	Amt available $' 000	Amount used $' 000
	-	-
	-	-

Queste Communications Ltd (ABN 58 081 688 164) Suite 1, 346 Barker Road, Subiaco, Western Australia 6008 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9214 9701

Page 3

Queste Communications Ltd and Controlled Entity

Monthly Cash Flow Report

February 2014

Reconciliation of cash 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:	Company	Company	Consolidated	Consolidated
	Current Month $' 000	Previous Month $' 000	Current Month $' 000	Previous Month $' 000
4.1 4.2 4.3 4.4 Other(Bank Bills) Bank overdraft Deposits at call Cash on hand and at bank	449	647	615	909
	321	321	1,321	1,321
	-	-	-	-
	-	-	-	-
Total:cash at end of month (item 1.23)	770	968	1,936	2,230

Acquisitions and disposals of business entities

5.1 5.2 5.3 5.4 5.5 Nature of business Total net assets Consideration for acquisition or disposal Place of incorporation or registration Name of entity	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 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.

==> picture [85 x 5] intentionally omitted <==

==> picture [85 x 50] intentionally omitted <==

Date: 13 March 2014

Victor Ho Company Secretary

28-Feb-14 No Shares % Interest Last Bid Price 9,367,653 58.47 % 0.270 $ The Company currently holds the following listed share investments: Shares (Other) Shares in Orion Equities Limited (OEQ)	28-Feb-14 No Shares % Interest Last Bid Price 9,367,653 58.47 % 0.270 $ The Company currently holds the following listed share investments: Shares (Other) Shares in Orion Equities Limited (OEQ)	Market Value
	9,367,653 58.47 % 0.270 $	2,529,266 $ 273,836 $
		2,803,102 $

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

Queste Communications Ltd (ABN 58 081 688 164) Suite 1, 346 Barker Road, Subiaco, Western Australia 6008 Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9214 9701

Page 4