QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2016

Jun 13, 2016

May 2016 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

	ACN or ARBN	Month Ended
	081 688 164	31 May 2016
Consolidated statement of cash flows		Company		Consolidated
		Current MonthYear to DateMay 1611 months$' 000$' 000		Current MonthMay 16$' 000	Year to Date11 months$' 000
1.1	Cash flows related to operating activitiesReceipts from customers	-	-	-	-
1.2	Payments forstaff costs(a)advertising and marketing(b)research and development(c)leased assets(d)other working capital(e)	(46)---23	(535)---182	(68)---(4)	(782)---(148)
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)	-----	202---	-----	2295---
	Net operating cash flows	(23)	(331)	(72)	(696)

Notes:

The Company currently has a 59.86% (30 April 2016: 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.

			Consolidated
				Year to Date
				11 months
				$' 000
Net operating cash flows (carried forward)	(23)	(331)	(72)	(696)
Cash flows related to investing activities
Payment for acquisition of:
businesses (item 5)(a)	-	-	-	-
equity investments(b)	-	(53)	(2)	(149)
intellectual property(c)	-	-	-	-
physical non-current assets(d)	-	-	-	-
other non-current assets(e)	-	-	-	-
Proceeds from disposal of:
(a)businesses (item 5)	-	-	-	-
(b)equity investments	267	407	279	900
(c)intellectual property	-	-	-	-
physical non-current assets(d)	-	-	-	-
other non-current assets(e)	-	-	-	-
Loans to other entities	-	-	-	-
Loans repaid by other entities	-	-	-	-
Other (provide details if material)
Net investing cash flows	267	354	277	751
Total operating and investing cash flows	244	23	205	55
Cash flows related to financing activities
Proceeds from issues of shares, options, etc.	-	-	-	-
Proceeds from sale of forfeited shares	-	-	-	-
Proceeds from borrowings	-	-	-	-
Repayment of borrowings	-	-	-	-
Dividends paid	-	-	-	-
Other (provide details if material)	-	-	-	-
				166
				(13)
				(49)
	-	166	-	104
Net increase (decrease) in cash held	244	189	205	159
				289
Exchange rate adjustments to item 1.20	-	-	-	-
				448
	- Proceeds from call on QUE Partly Paid shares- Unclaimed Moneys transferred to WA Treasury- OEQ On-Market Share Buy BackNet financing cash flowsCash at beginning of month/year to dateCash at end of month	Current MonthMay 16$' 000---93337	CompanyYear to Date11 months$' 000166--148337	Current MonthMay 16$' 000---243448

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 MonthMay 16$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(29)
1.25	Aggregate amount of loans to the parties included in item 1.11	-

1.26 Explanation necessary for an understanding of the transactions

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	315	71	426	221
4.2	Deposits at call	22	22	22	22
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	337	93	448	243

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: 14 June 2016

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-May-16
	No Shares/Units	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	59.86 %	$0.150	$1,405,148
Shares in Bentley Capital Limited (BEL)	1,740,625	2.38 %	$0.135	$234,984
Other listed shares	various	various	various	$6,571
				$1,646,703

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