QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2019

Mar 11, 2019

Queste Communications Ltd February 2019 and Controlled Entity

Monthly Cash Flow Report

February 2019 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

ACN or ARBN 081 688 164	Month Ended	Month Ended	Month Ended	Month Ended
	28 February 2019
1.1 1.2 (a) (b) (c) (d) (e) 1.3 1.4 1.5 1.6 1.7 Receipts from customers Payments for staff costs advertising and marketing research and development leased assets Consolidated statement of cash flows Cash flows related to operating activities 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)	Company		Consolidated
	Current Month February 2019 $'000	Year to Date 8 months $'000	Current Month February 2019 $'000	Year to Date 8 months $'000
	- 5 - - - (11) - - - - -	- (41) - - - (51) 6 - - - -	- - - - - (24) - 4 - - -	19 (493) - - - (230) 109 7 - - -
	(6)	(86)	(20)	(588)

Notes:

The Company currently has a 59.86% (31 January 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: info@queste.com.au Facsimile: (08) 9214 9701

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Monthly Cash Flow Report

Queste Communications Ltd and Controlled Entity

February 2019

	Company	Company	Consolidated	Consolidated
	Current Month February 2019 $'000	Year to Date 8 months $'000	Current Month February 2019 $'000	Year to Date 8 months $'000
1.8 Net operatingcash flows(carried forward)	(6)	(86)	(20)	(588)
1.9 (a) (b) (c) (d) (e) 1.10 (a) (b) (c) (d) (e) 1.11 1.12 1.13 1.14 physical non-current assets other non-current assets Proceeds from disposal of: businesses (item 5) equity investments intellectual property Cash flows related to investing activities Payment for acquisition of: businesses (item 5) equity investments intellectual property Net investing cash flows Total operating and investing cash flows physical non-current assets other non-current assets Loans to other entities Loans repaid by other entities Other (provide details if material) - sale commission	- - - - - - - - - - - - -	- - - - - - 15 - - - - - -	- - - - - - - - - - - - -	- - - - - - 83 - 1,457 - - - (44)
	-	15	-	1,496
	(6)	(71)	(20)	908
1.15 1.16 1.17 1.18 1.19 1.20 Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Net financing cash flows Repayment of borrowings Dividends paid Other (provide details if material)	- - - - - -	- - - - - -	- - - - - -	- - - - - -
	-	-	-	-
1.21 1.22 1.23 Net increase (decrease) in cash held Cash at beginning of month/year to date Exchange rate adjustments to item 1.20 Cash at end of month	(6) 80 -	(71) 145 -	(20) 1,112 -	908 184 -
	74	74	1,092	1,092

Queste Communications Ltd (ABN 58 081 688 164)

Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701

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Queste Communications Ltd February 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

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 February 2019 $'000
		10
		-
1.26	Explanation necessary for an understanding of the transactions
	(2) Attributable to Controlled Entity, OEQ. (1) 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

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).

3.1 3.2 Loan facilities Credit standbyarrangements	Amt available $'000	Amount used $'000
	-	-
	-	-

Queste Communications Ltd (ABN 58 081 688 164)

Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701

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Queste Communications Ltd and Controlled Entity

Monthly Cash Flow Report

February 2019

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: Reconciliation of cash	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)	51	57	1,069	339
	23	23	23	773
	-	-	-	-
	-	-	-	-
Total: cash at end of month(item 1.23)	74	80	1,092	1,112

Acquisitions and disposals of business entities

5.1 5.2 5.3 5.4 5.5 Place of incorporation or registration Consideration for acquisition or disposal Total net assets Nature of business Name of entity	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 March 2019

Victor Ho Company Secretary

The Company currently holds the following listed share investments.

			28-Feb-19
	No Shares/Units	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	59.86 %	$0.125	$1,170,957
Shares in Bentley Capital Limited (BEL)	1,225,752	1.61 %	$0.085	$104,189
				$1,275,146

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

Queste Communications Ltd (ABN 58 081 688 164)

Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701

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