QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2016

Nov 12, 2015

October 2015 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

	ACN or ARBN	Month Ended
	081 688 164	31 October 2015
Consolidated statement of cash flows		Company		Consolidated
		Current MonthOctober 15$' 000	Year to Date4 months$' 000	Current MonthOctober 15$' 000	Year to Date4 months$' 000
	Cash flows related to operating activities
1.1	Receipts from customers	-	-	-	-
1.2	Payments for(a)staff costs(b)advertising and marketingresearch and development(c)leased assets(d)other working capital(e)	(47)---41-	(186)---55-	(78)---(52)-	(291)---(89)-
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)	1----	12----	1----	115----
	Net operating cash flows	(5)	(119)	(129)	(265)

Notes:

The Company currently has a 59.86% (30 September 2015: 59.86%) 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.

		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		October 15	4 months	October 15	4 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(5)	(119)	(129)	(265)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	(17)	(43)	(34)	(87)
	intellectual property(c)	-	-	-	-
	physical non-current assets(d)	-	-	-	-
	other non-current assets(e)	-	-	-	-
1.10	Proceeds from disposal of:
	(a)businesses (item 5)	-	-	-	-
	equity investments(b)	14	41	29	450
	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)
	Net investing cash flows	(3)	(2)	(5)	363
1.14	Total operating and investing cash flows	(8)	(121)	(134)	98
	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)	-	-	-	-
	- Unclaimed Moneys transferred to WA Treasury	-	-	-	(13)
	- OEQ On-Market Share Buy Back	-	-	-	(49)
	Net financing cash flows	-	-	-	(62)
	Net increase (decrease) in cash held	(8)	(121)	(134)	36
1.21	Cash at beginning of month/year to date	35	148	459	289
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	27	27	325	325

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 MonthOctober 15$' 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

Payments for Item 1.24 includes:
(1) $9,552 Attributable to the Company; and
(2) $31,914 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).

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

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		Month	Month	Month	Month
items in the accounts is as follows:		$' 000	$' 000	$' 000	$' 000
4.1	Cash on hand and at bank	6	14	304	438
4.2	Deposits at call	21	21	21	21
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	27	35	325	459

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 2015

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

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

	31-Oct-15
	No Shares/Units	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	59.86 %	$0.200	$1,873,531
Shares in Bentley Capital Limited (BEL)	1,740,625	2.38 %	$0.135	$234,984
Other listed shares	various	various	various	$93,876
Units in unlisted managed fund	161,767	n/a	$1.678	$271,375
				$2,473,766

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