QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2017

Oct 12, 2017

September 2017 Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

+Rule 4.7B

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity

QUESTE COMMUNICATIONS LTD and controlled entity

ABN 58 081 688 164 Current Quarter Year to Date Current Quarter Year to Date Consolidated statement of cash flows September 2017 3 months September 2017 3 months $A' 000 $A' 000 $A' 000 $A' 000 1. Cash flows from operating activities 1.1 Receipts from customers - - - - 1.2 Payments for (a) research and development - - - - (b) product manufacturing and operating costs - - - - (c) advertising and marketing - - - - (d) leased assets - - - - (e) staff costs (7) (6) (90) (89) (f) administration and corporate costs (22) (23) (83) (83) 1.3 Dividends received (see note 3) 91 91 109 109 1.4 Interest received - - - - 1.5 Interest and other costs of finance paid - - - - 1.6 Income taxes paid - - - - 1.7 Government grants and tax incentives - - - - 1.8 Other (provide details if material) - - - - 1.9 Net cash from / (used in) operating activities 62 62 (64) (63) 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment - - - - (b) businesses (see item 10) - - - - (c) investments (2) (2) (4) (4) (d) intellectual property - - - - (e) other non-current assets - - - - 30 September 2017 Company Consolidated Quarter Ended (current quarter)

Notes:

The Company currently has a 59.86% (30 June 2017: 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 Quarter	Year to Date	Current Quarter	Year to Date
	Consolidated statement of cash flows	September 2017	3 months	September 2017	3 months
		$A' 000	$A' 000	$A' 000	$A' 000
2.	Cash flows from investing activities (continued)
2.2	Proceeds from the disposal of:
	(a)property, plant and equipment	-	-	-	-
	(b)businesses (see item 10)	-	-	-	-
	(c)investments	2	2	7	6
	(d)intellectual property	-	-	-	-
	(e)other non-current assets	-	-	-	-
2.3	Cash flows from loans to other entities	-	-	-	-
2.4	Dividends received (see note 3)	-	-	-	-
2.5	Other (provide details if material)	-	-	-	-
2.6	Net cash from / (used in) investing activities	-	-	3	2
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	-	-	-
3.2	Proceeds from issue of convertible notes	-	-	-	-
3.3	Proceeds from exercise of share options	-	-	-	-
3.4	Transaction costs related to issues of shares,	-	-	-	-
	convertible notes or options
3.5	Proceeds from borrowings	-	-	-	-
3.6	Repayment of borrowings	-	-	-	-
3.7	Transaction costs related to loans and borrowings	-	-	-	-
3.8	Dividends paid	-	-	(40)	(40)
3.9	Other (provide details if material)	-	-	-	-
3.10	Net cash from / (used in) financing activities	-	-	(40)	(40)
4.	Net increase / (decrease) in cash and cashequivalents for the period
4.1	Cash and cash equivalents at beginning of	50	50	234	234
	quarter/year to date
4.2	Net cash from/(used in) operating	62	62	(64)	(63)
	activities (item 1.9 above)
4.3	Net cash from/(used in) investing	-	-	3	2
	activities (item 2.6 above)
4.4	Net cash from/(used in) financing	-	-	(40)	(40)
	activities (item 3.10 above)
4.5	Effect of movement in exchange rates on cash held	-	-	-	-
4.6	Cash and cash equivalents at end of quarter	112	112	133	133

Nil

September 2017 Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

5.	Reconciliation of cash and cash equivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to the relateditems in the accounts	Company		Consolidated
		Current Quarter	Year to Date	Current Quarter	Year to Date
		September 2017	3 months	September 2017	3 months
		$A' 000	$A' 000	$A' 000	$A' 000
5.1	Bank balances	89	27	110	211
5.2	Call deposits	23	23	23	23
5.3	Bank overdrafts	-	-	-	-
5.4	Other (provide details)	-	-	-	-
5.5	Cash and cash equivalents at end of quarter(should equal item 4.6 above)	112	50	133	234

6.	Payments to directors of the entity and their associates	Current Quarter
		$A' 000
6.1	Aggregate amount of payments to these parties included in item 1.2	(100)
6.2	Aggregate amount of cash flow from loans to these parties included in item 2.3	-

6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

Payments for Item 6.1 includes: (1) $17,505 ($15,005 being PAYG witholding tax remittances to the ATO) Attributable to the Company: and (2) $82,710 ($78,543 being PAYG withholding tax remittances to the ATO) Attributable to Controlled Entity, OEQ.

7.	Payments to related entities of the entity and their associates	Current Quarter
		$A' 000
7.1	Aggregate amount of payments to these parties included in item 1.2	-
7.2	Aggregate amount of cash flow from loans to these parties included in item 2.3	-

7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

Nil

September 2017 Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

8.	Financing facilities availableAdd notes as necessary for an understanding ofthe position	Total facility amountat quarter end$A' 000	Amount drawnat quarter end$A' 000
8.1	Loan facilities	-	-
8.2	Credit standby arrangements	-	-
8.3	Other (please specify)	-	-

8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after month end, include details of those facilities as well.

9.	Estimated cash outflows for next quarter	Company	Consolidated
		$A' 000	$A' 000
9.1	Research and development	-	-
9.2	Product manufacturing and operating costs	-	-
9.3	Advertising and marketing	-	-
9.4	Leased assets	-	-
9.5	Staff costs	15	41
9.6	Administration and corporate costs	13	31
9.7	Other (provide details if material)	-	-
9.8	Total estimated cash outflows	28	72

10.	Acquisitions and disposals of businessentities(items 2.1(b) and 2.2(b) above)	Acquisitions	Disposals
10.1	Name of entity	-	-
10.2	Place of incorporation or registration	-	-
10.3	Consideration for acquisition or disposal	-	-
10.4	Total net assets	-	-
10.5	Nature of business	-	-

Compliance statement

• 1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
• 1. This statement gives a true and fair view of the matters disclosed.

13 October 2017

Victor Ho Company Secretary

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

			30-Sep-17
	No Shares/Units	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	59.86 %	$0.17	$1,592,501
Shares in Bentley Capital Limited (BEL)	1,300,000	2.38 %	$0.11	$143,000
Other listed shares	various	various	various	$2
				$1,735,503

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

See Chapter 19 of ASX Listing Rules for defined terms

Notes

• 1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
• 1. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.
• 1. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.