QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2015

Jul 14, 2015

Queste Communications Ltd and Controlled Entity

Quarterly Cash Flow Report

June 2015

Appendix 4C

Quarterly Report

for entities admitted

on the basis of commitments

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

Name ofentity: QUESTECOMMUNICATIONS LTDand controlled entity	Name ofentity: QUESTECOMMUNICATIONS LTDand controlled entity
ACN or ARBN		Quarter Ended
081 688 164		30 June 2015
1.1 1.2 (a) (b) (c) (d) (e) 1.3 1.4 1.5 1.6 1.7 Cash flows related to operating activities Consolidated statement of cash flows Payments for Receipts from customers other working capital leased assets research and development Net operating cash flows Interest and other items of a similar nature received Dividends received advertising and marketing staff costs Other (provide details if material) Income taxes (paid)/refund Interest and other costs of finance paid - Security Deposit		Company		Consolidated
		Current Quarter June 15 $'000	Year to Date 12 months $'000	Current Quarter June 15 $'000	Year to Date 12 months $'000
		- (152) - - - 126 - - - - - -	- - (571) - - - 210 30 3 - - - (18)	- (230) - - - 34 - - - - - -	38 (909) - - - (224) 341 13 - - - (37)
		(26)	(346)	(196)	(778)

Notes:

The Company currently has a 59.06% interest (31 March 2015: 58.93%) 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 35,000 shares bought-back pursuant to an onmarket share buy-back.

Queste Communications Ltd (ABN 58 081 688 164) Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701

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Quarterly Cash Flow Report

Queste Communications Ltd and Controlled Entity

June 2015

	Company	Company	Consolidated	Consolidated
	Current Quarter June 15 $'000	Year to Date 12 months $'000	Current Quarter June 15 $'000	Year to Date 12 months $'000
1.8 Net operating cash flows (carriedforward)	(26)	(346)	(196)	(778)
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 Other (provide details if material) Loans repaid by other entities Loans to other entities Capital return from equity investment Total operating and investing cash flows Net investing cash flows other non-current assets 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:	- (40) - - - - 34 - - - - - - -	- (327) - - - - 234 - - - - - - -	- (81) - - - - 69 - - - - - - -	- (658) - - - - 467 9 93 - - - - -
	(6)	(93)	(12)	(89)
	(32)	(439)	(208)	(867)
1.15 1.16 1.17 1.18 1.19 1.20 Cash flows related to financing activities Proceeds from sale of forfeited shares Proceeds from issues of shares, options, etc. Net financing cash flows Other (provide details if material) Dividends paid Repayment of borrowings - OEQ On-Market Share Buy Back Proceeds from borrowings	- - - - - - -	- - - - - - -	- - - - - - (6)	- - - - - - (24)
	-	-	(6)	(24)
1.21 1.22 1.23 Cash at end of month Exchange rate adjustments to item 1.20 Cash at beginning of quarter/year to date Net increase (decrease) in cash held	(32) 180 -	(439) 587 -	(214) 512 -	(891) 1,189 -
	148	148	298	298

Queste Communications Ltd (ABN 58 081 688 164) Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701

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Queste Communications Ltd June 2015 and Controlled Entity

Quarterly 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 directors of the entity and associates of the directors Payments to related entities of the entity and associates of the
1.24 1.25 Aggregate amount of loans to the partiesincludedin item 1.11 Aggregate amount of payments to the parties included in item 1.2	Current Quarter June 15 $'000
	(117)
	-

• 1.26 Explanation necessary for an understanding of the transactions

• Payments for Item 1.24 includes: (1) $36,965 Attributable to the Company: and (2) $79,959 - 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).

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2). Financing facilities available
3.1 3.2 Credit standby arrangements Loan facilities	Amt available $'000	Amount used $'000
	-	-
	-	-

Queste Communications Ltd (ABN 58 081 688 164) Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701

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Queste Communications Ltd and Controlled Entity

Quarterly Cash Flow Report

June 2015

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: Reconciliation of cash	Company	Company	Consolidated	Consolidated
	Current Quarter $'000	Previous Quarter $'000	Current Quarter $'000	Previous Quarter $'000
4.1 4.2 4.3 4.4 Other(Bank Bills) Bank overdraft Deposits at call Cash on hand and at bank	127	159	277	491
	21	21	21	21
	-	-	-	-
	-	-	-	-
Total: cash at end of month(item 1.23)	148	180	298	512

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 Act or other standards acceptable to ASX.

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

Date: 14 July 2015

Victor Ho Company Secretary

TheCompany currently holds the following listed share investments:	TheCompany currently holds the following listed share investments:		30-Jun-15
	No Shares/Units	% Interest	Last Bid Price		Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	58.93%	$0.165		$1,545,663
Shares in Bentley Capital Limited (BEL)	1,740,625	2.38%	$0.130		$226,281
Other listed shares	various	various	various	$	100,149
Units in unlisted managed fund	158,237	n/a	$1.650	$	261,080
					$2,133,173

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

Queste Communications Ltd (ABN 58 081 688 164) Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701

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