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QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2020
Dec 12, 2019
65653_rns_2019-12-12_19c6624c-ebd5-4a5a-a7d3-b450faf6c41a.pdf
Interim / Quarterly Report
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Queste Communications Ltd November 2019 and Controlled Entity
Monthly Cash Flow Report
November 2019 Monthly Cash Flow Report
Name of entity:
QUESTE COMMUNICATIONS LTD and controlled entity
| 081 688 164 ACN or ARBN |
Month Ended | Month Ended | Month Ended | Month Ended |
|---|---|---|---|---|
| 30 November 2019 | ||||
| 1.1 1.2 (a) (b) (c) (d) (e) 1.3 1.4 1.5 1.6 1.7 Net operating cash flows other working capital Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes (paid)/refund Other (provide details if material) advertising and marketing research and development leased assets Consolidated statement of cash flows Cash flows related to operating activities Receipts from customers Payments for staff costs |
Company | Consolidated | ||
| Current Month Nov-19 $'000 |
Year to Date 5 months $'000 |
Current Month Nov-19 $'000 |
Year to Date 5 months $'000 |
|
| - 2 - - - (4) - - - - - |
- (33) - - - (33) - 1 - - 28 |
7 (39) - - - (22) - - - - - |
7 (314) - - - (132) - 3 - - 28 |
|
| (2) | (37) | (54) | (408) |
Notes:
The Company currently has a 59.86% (31 October 2019: 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 (ABN 58 081 688 164) Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: [email protected] Facsimile: (08) 9214 9701
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Monthly Cash Flow Report
November 2019
Queste Communications Ltd and Controlled Entity
| Company | Company | Consolidated | Consolidated | |
|---|---|---|---|---|
| Current Month Nov-19 $'000 |
Year to Date 5 months $'000 |
Current Month Nov-19 $'000 |
Year to Date 5 months $'000 |
|
| 1.8 Net operatingcash flows(carried forward) |
(2) | (37) | (54) | (408) |
| 1.9 (a) (b) (c) (d) (e) 1.10 (a) (b) (c) (d) (e) 1.11 1.12 1.13 1.14 other non-current assets Loans to other entities Loans repaid by other entities Other (provide details if material) Net investing cash flows Total operating and investing cash flows other non-current assets Proceeds from disposal of: businesses (item 5) equity investments intellectual property physical non-current assets Cash flows related to investing activities Payment for acquisition of: businesses (item 5) equity investments intellectual property physical non-current assets |
- - - - - - - - - - - - |
- - - - - - - - - - - - |
- - - - - - - - - - - - |
- - - - - - - - - - - - |
| - | - | - | - | |
| (2) | (37) | (54) | (408) | |
| 1.15 1.16 1.17 1.18 1.19 1.20 Other (provide details if material) Net financing cash flows Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid |
- - 50 - - - |
- - 50 - - - |
- - - - - - |
- - - - - - |
| 50 | 50 | - | - | |
| 1.21 1.22 1.23 Cash at beginning of month/year to date Exchange rate adjustments to item 1.20 Cash at end of month Net increase (decrease) in cash held |
48 24 - |
13 59 - |
(54) 518 - |
(408) 872 - |
| 72 | 72 | 464 | 464 |
Queste Communications Ltd (ABN 58 081 688 164)
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: [email protected] Facsimile: (08) 9214 9701
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Queste Communications Ltd November 2019 and Controlled Entity
Monthly Cash Flow Report
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
| Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities |
|
|---|---|
| 1.24 1.25 Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to theparties included in item 1.11 |
Current Month Nov-19 $'000 |
| 41 | |
| - |
| 1.26 | Explanation necessary for an understanding of the transactions |
|---|---|
| Payments for Item 1.24 includes: (1) 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).
| Financing facilities available Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2). |
||
|---|---|---|
| 3.1 3.2 Credit standbyarrangements Loan facilities |
Amt available $'000 |
Amount used $'000 |
| 150 | 50 | |
| - | - |
Note: OEQ and QUE have entered into a Loan Agreement for OEQ to advance up to $150,000 to QUE. The loan is unsecured and matures on 30 June 2020 and accrues interest at 10% pa.
Queste Communications Ltd (ABN 58 081 688 164)
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: [email protected] Facsimile: (08) 9214 9701
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Queste Communications Ltd and Controlled Entity
Monthly Cash Flow Report
November 2019
| Reconciliation of cash Reconciliation of cash at the end of the month (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows: |
Company | Company | Consolidated | Consolidated |
|---|---|---|---|---|
| Current Month $'000 |
Previous Month $'000 |
Current Month $'000 |
Previous Month $'000 |
|
| 4.1 4.2 4.3 4.4 Cash on hand and at bank Deposits at call Bank overdraft Other(Bank Bills) |
48 | - | 440 | 494 |
| 24 | 24 | 24 | 24 | |
| - | - | - | - | |
| - | - | - | - | |
| Total: cash at end of month(item 1.23) | 72 | 24 | 464 | 518 |
Acquisitions and disposals of business entities
| 5.1 5.2 5.3 5.4 5.5 Consideration for acquisition or disposal Total net assets Nature of business Name of entity Place of incorporation or registration |
Acquisitions (Item 1.9(a)) |
Disposals (Item 1.10(a)) |
|---|---|---|
| - - |
- - |
|
| - - |
- - |
|
| - - |
- - |
|
| - - |
- - |
|
| - - |
- - |
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.
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Date: 12 December 2019
Victor Ho Company Secretary
The Company currently holds the following listed share investments.
| 30-Nov-19 | ||||
|---|---|---|---|---|
| No Shares/Units | % Interest | Last Bid Price | Market Value | |
| Shares in Orion Equities Limited (OEQ) | 9,367,653 | 59.86 % | $0.075 | $702,574 |
| Shares in Bentley Capital Limited (BEL) | 1,225,752 | 1.61 % | $0.036 | $44,127 |
| $746,701 |
The above investments are regarded as liquid assets to supplement the Company's cash reserves.
FOR FURTHER INFORMATION
Victor Ho Company Secretary T| (08) 9214 9777 E| [email protected]
Queste Communications Ltd (ABN 58 081 688 164)
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: [email protected] Facsimile: (08) 9214 9701
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