QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2017

Sep 12, 2017

August 2017 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

	ACN or ARBNMonth Ended
081 688 164		31 August 2017
Consolidated statement of cash flows		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		August 17	2 months	August 17	2 months
		$' 000	$' 000	$' 000	$' 000
	Cash flows related to operating activities
1.1	Receipts from customers	-	-	-	-
1.2	Payments for
	staff costs(a)	8	11	(75)	(71)
	advertising and marketing(b)	-	-	-	-
	research and development(c)	-	-	-	-
	leased assets(d)	-	-	-	-
	other working capital(e)	2	(18)	(2)	(48)
1.3	Dividends received	7	7	109	109
1.4	Interest and other items of a similar nature received	-	-	-	-
1.5	Interest and other costs of finance paid	-	-	-	-
1.6	Income taxes (paid)/refund	-	-	-	-
1.7	Other (provide details if material)	-	-	-	-
	Net operating cash flows	17	-	32	(10)

Notes:

The Company currently has a 59.86% (31 July 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 Month	Year to Date	Current Month	Year to Date
		August 17	2 months	August 17	2 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	17	-	32	(10)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	(2)	(2)	(4)	(4)
	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)	-	-	3	3
	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	(2)	(2)	(1)	(1)
1.14	Total operating and investing cash flows	15	(2)	31	(11)
	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)	-	-	-	-
	Net financing cash flows	-	-	-	-
	Net increase (decrease) in cash held	15	(2)	31	(11)
1.21	Cash at beginning of month/year to date	33	50	192	234
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	48	48	223	223

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 MonthAugust 17$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	(85)
1.25	Aggregate amount of loans to the parties included in item 1.11	-

1.26 Explanation necessary for an understanding of the transactions

(2) $82,710 (being PAYG withholding tax remittances to the ATO) Attributable to Controlled Entity, OEQ. (1) $2,500 Attributable to the Company; and Payments for Item 1.24 includes:

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

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$' 000	Amount used$' 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 items		Month	Month	Month	Month
in the accounts is as follows:		$' 000	$' 000	$' 000	$' 000
4.1	Cash on hand and at bank	25	10	200	169
4.2	Deposits at call	23	23	23	23
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	48	33	223	192

Acquisitions and disposals of business entities

		Acquisitions(Item 1.9(a))		Disposals(Item 1.10(a))
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 September 2017

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

	31-Aug-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	$2,002
				$1,737,503

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