QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2016

Mar 13, 2016

February 2016 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

	ACN or ARBN	Month Ended
	081 688 164	29 February 2016
	Consolidated statement of cash flows	Company		Consolidated
		Current MonthFebruary 16$' 000	Year to Date8 months$' 000	Current MonthFebruary 16$' 000	Year to Date8 months$' 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)	(66)---15	(393)---122	(97)---2	(577)---(127)
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)	-----	112---	-----	1174---
	Net operating cash flows	(51)	(258)	(95)	(583)

Notes:

The Company currently has a 59.86% (31 January 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.

		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		February 16	8 months	February 16	8 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(51)	(258)	(95)	(583)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a)businesses (item 5)	-	-	-	-
	(b)equity investments	-	(53)	(1)	(137)
	intellectual property(c)	-	-	-	-
	physical non-current assets(d)	-	-	-	-
	other non-current assets(e)	-	-	-	-
1.10	Proceeds from disposal of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	-	140	6	612
	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
		-	87	5	475
1.14	Total operating and investing cash flows	(51)	(171)	(90)	(108)
	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)	-	-	-	-
	- Proceeds from call on QUE Partly Paid shares	-	166	-	166
	- Unclaimed Moneys transferred to WA Treasury	-	-	-	(13)
	- OEQ On-Market Share Buy Back	-	-	-	(49)
	Net financing cash flows	-	166	-	104
	Net increase (decrease) in cash held	(51)	(5)	(90)	(4)
1.21	Cash at beginning of month/year to date	194	148	375	289
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	143	143	285	285

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 Month
		February 16$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(47)
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) $15,738 Attributable to the Company; and
(2) $31,152 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	121	172	263	353
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)	143	194	285	375

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 March 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:

	29-Feb-16
	No Shares/Units	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	59.86 %	$0.130	$1,217,795
Shares in Bentley Capital Limited (BEL)	1,740,625	2.38 %	$0.130	$226,281
Other listed shares	various	various	various	$6,402
Units in unlisted managed fund	161,767	n/a	$1.593	$257,675
				$1,708,154

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