QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2017

Apr 12, 2017

Queste Communications Ltd and Controlled Entity

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

March 2017

+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			Quarter Ended (current quarter)	Quarter Ended (current quarter)
			31 March 2017
Consolidated statement of cash flows	Company		Consolidated
	Current Quarter March 2017 $A' 000	Year to Date 9 months $A' 000	Current Quarter March 2017 $A' 000	Year to Date 9 months $A' 000
1. Cash flows from operating activities 1.1Receipts from customers 1.2Payments for (a) research and development (b) product manufacturing and operating costs (c) advertising and marketing (d) leased assets (e) staff costs (f) administration and corporate costs 1.3Dividends received (see note 3) 1.4Interest received 1.5Interest and other costs of finance paid 1.6Income taxes paid 1.7Government grants and tax incentives 1.8Other (provide details if material)	- - - - - (6) (1) 7 - - - - -	4 - - - - (41) (60) 17 1 - - - -	12 - - - - (13) (57) 109 - - - - -	23 - - - - (166) (257) 219 2 - - - -
1.9 Net cash from / (used in) operating activities	-	(79)	51	(179)
2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) businesses (see item 10) (c) investments (d) intellectual property (e) other non-current assets	- - - - -	- - - - -	- - - - -	- - (1) - -

Notes:

The Company currently has a 59.86% (31 December 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.

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

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Queste Communications Ltd and Controlled Entity

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

March 2017

Consolidated statement of cash flows	Company	Company	Consolidated	Consolidated
	Current Quarter March 2017 $A' 000	Year to Date 9 months $A' 000	Current Quarter March 2017 $A' 000	Year to Date 9 months $A' 000
2. Cash flows from investing activities (continued) 2.2Proceeds from the disposal of: (a) property, plant and equipment (b) businesses (see item 10) (c) investments (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)	- - - - - - - -	- - - - - - - -	- - 100 - - - - -	- - 256 - - - - -
2.6 Net cash from / (used in) investing activities	-	-	100	255
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 3.9 Other (provide details if material) - QUE Equal Access Scheme Share Buy Back	- - - - - - - - -	- - - - - - - - (1)	- - - - - - - - -	- - - - - - - - (1)
3.10 Net cash from / (used in) financing activities	-	(1)	-	(1)
4. 4.1 Cash and cash equivalents at beginning of quarter/year to date 4.2 Net cash from/(used in) operating activities (item 1.9 above) 4.3 Net cash from/(used in) investing activities (item 2.6 above) 4.4 Net cash from/(used in) financing activities (item 3.10 above) 4.5 Effect of movement in exchange rates on cash held Net increase / (decrease) in cash and cash equivalents for the period	56 - - - -	136 (79) - (1) -	132 51 100 - -	208 (179) 255 (1) -
4.6 Cash and cash equivalents at end of quarter	56	56	283	283

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

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Queste Communications Ltd and Controlled Entity

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

March 2017

5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Company	Company	Consolidated	Consolidated
	Current Quarter March 2017 $A' 000	Year to Date 9 months $A' 000	Current Quarter March 2017 $A' 000	Year to Date 9 months $A' 000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details)	34 22 - -	34 22 - -	261 22 - -	110 22 - -
5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	56	56	283	132

6.	Payments to directors of the entity and their associates	Current Quarter $A' 000
6.1 6.2	Aggregate amount of payments to these parties included in item 1.2 Aggregate amount of cash flow from loans to these parties included in item 2.3	(13)
		-
6.3	Include below anyexplanation necessaryto understand the transactions included in items 6.1 and 6.2
	Payments for Item 6.1 includes: (1) $5,000 Attributable to the Company: and (2) $8,333 Attributable to Controlled Entity, OEQ.

7.	Payments to related entities of the entity and their associates	Current Quarter $A' 000
7.1 7.2	Aggregate amount of payments to these parties included in item 1.2 Aggregate amount of cash flow from loans to these parties included in item 2.3	-
		-
7.3	Include below anyexplanation necessaryto understand the transactions included in items 7.1 and 7.2
	Nil

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

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Queste Communications Ltd and Controlled Entity

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

March 2017

8.	Financing facilities available Add notes as necessary for an understanding of the position	Total facility amount at quarter end $A' 000	Amount drawn at quarter end $A' 000	Amount drawn at quarter end $A' 000
8.1 8.2 8.3 8.4	Loan facilities Credit standby arrangements Other (please specify) 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. - - - - - -	- - -	- - -
	Nil
9.	Estimated cash outflows for next quarter		Company	Consolidated
			$A' 000	$A' 000
9.1 9.2 9.3 9.4 9.5 9.6 9.7	Research and development Product manufacturing and operating costs Advertising and marketing Leased assets Staff costs Administration and corporate costs Other(provide details if material)		- - - - 102 32 -	- - - - 111 69 -
9.8	Total estimated cash outflows		134	180
10.	Acquisitions and disposals of business entities (items 2.1(b) and 2.2(b) above)	Acquisitions	Disposals
10.1 10.2 10.3 10.4 10.5	Name of entity Place of incorporation or registration Consideration for acquisition or disposal Total net assets Nature of business	- - - - -	- - - - -

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

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Queste Communications Ltd and Controlled Entity

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

March 2017

Compliance statement

1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

2. This statement gives a true and fair view of the matters disclosed.

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13 April 2017

Victor Ho

Company Secretary

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

Shares in Orion Equities Limited (OEQ) Shares in Bentley Capital Limited (BEL) Other listed shares	31-Mar-17 No Shares/Units % Interest Last Bid Price Market Value	31-Mar-17 No Shares/Units % Interest Last Bid Price Market Value
	9,367,653 59.86 % $0.17 $1,592,501 1,300,000 2.38 % $0.14 $182,000 various various various $2,244 $1,776,745
		$1,776,745

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.

2. 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.

3. 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.

Queste Communications Ltd (A.B.N. 58 081 688 164) Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005

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Tel: (08) 9214 9777 Email: info@queste.com.au Fax: (08) 9214 9701