QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2019

Oct 11, 2018

Queste Communications Ltd and Controlled Entity

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

September 2018

+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)
			30 September 2018
Consolidated statement of cash flows	Company		Consolidated
	Current Quarter Sept 2018 $A' 000	Year to Date 3 months $A' 000	Current Quarter Sept 2018 $A' 000	Year to Date 3 months $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 (f) administration and corporate costs 1.3 Dividends received (see note 3) 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)	- - - - - (64) (57) 6 - - - - -	- - - - - (64) (57) 6 - - - - -	6 - - - - (219) (110) 109 - - - - -	6 - - - - (219) (110) 109 - - - - -
1.9 Net cash from / (used in) operating activities	(115)	(115)	(214)	(214)
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	- - - - -	- - - - -	- - - - -	- - - - -

Notes:

The Company currently has a 59.86% (30 June 2018: 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

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

Queste Communications Ltd and Controlled Entity

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

September 2018

Consolidated statement of cash flows	Company	Company	Consolidated	Consolidated
	Current Quarter Sept 2018 $A' 000	Year to Date 3 months $A' 000	Current Quarter Sept 2018 $A' 000	Year to Date 3 months $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 (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)	- - 15 - - - - -	- - 15 - - - - -	- - 83 - - - - -	- - 83 - - - - -
2.6 Net cash from / (used in) investing activities	15	15	83	83
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) - Proceeds from call onQUE Partly Paid shares - QUE Equal Access Scheme Share Buy Back	- - - - - - - - - - -	- - - - - - - - - - -	- - - - - - - - - - -	- - - - - - - - - - -
3.10 Net cash from / (used in) financing activities	-	-	-	-
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	145 (115) 15 - -	145 (115) 15 - -	184 (214) 83 - -	184 (214) 83 - -
4.6 Cash and cash equivalents at end of quarter	45	45	53	53

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

Queste Communications Ltd and Controlled Entity

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

September 2018

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 Sept 2018 $A' 000	Previous Quarter June 2018 $A' 000	Current Quarter Sept 2018 $A' 000	Previous Quarter June 2018 $A' 000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details)	22 23 - -	122 23 - -	30 23 - -	161 23 - -
5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	45	145	53	184

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	185
		-
6.3	Include below anyexplanation necessaryto understand the transactions included in items 6.1 and 6.2
	Payments for Item 6.1 includes: (1) $30,118 Attributable to the Company: and (2) $155,005 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

September 2018

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
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.

	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)	- - - - 40 32 -	- - - - 381 60 -
9.8	Total estimated cash outflows	72	441

10. Acquisitions and disposals of business entities (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	- - - - -	- - - - -

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

September 2018

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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12 October 2018

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)	30-Sep-18 No Shares/Units % Interest Last Bid Price Market Value	30-Sep-18 No Shares/Units % Interest Last Bid Price Market Value
	9,367,653 59.86 % $0.12 $1,124,118 1,225,752 1.61 % $0.11 $134,833 $1,258,951
		$1,258,951

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

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