QUESTE COMMUNICATIONS LIMITED — Interim / Quarterly Report 2019

Feb 4, 2019

January 2019 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

ACN or ARBN		Month Ended
	081 688 164	31 January 2019
	Consolidated statement of cash flows	Company		Consolidated
		Current MonthJanuary 2019$' 000	Year to Date7 months$' 000	Current MonthJanuary 2019$' 000	Year to Date7 months$' 000
	Cash flows related to operating activities
1.1	Receipts from customers	-	-	-	19
1.2	Payments forstaff costs(a)advertising and marketing(b)research and development(c)leased assets(d)other working capital(e)	1---(4)	(46)---(40)	1---(27)	(493)---(207)
1.31.41.51.61.7	Dividends receivedInterest and other items of a similar nature receivedInterest and other costs of finance paidIncome taxes (paid)/refundOther (provide details if material)	-----	6----	-1---	1094---
	Net operating cash flows	(3)	(80)	(25)	(568)

Notes:

The Company currently has a 59.86% (31 December 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.

		Company		Consolidated
		Current Month	Year to Date	Current Month	Year to Date
		January 2019	7 months	January 2019	7 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(3)	(80)	(25)	(568)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	-	-	-	-
	intellectual property(c)	-	-	-	-
	(d)physical non-current assets	-	-	-	-
	(e)other non-current assets	-	-	-	-
1.10	Proceeds from disposal of:
	businesses (item 5)(a)	-	-	-	-
	equity investments(b)	-	15	-	83
	intellectual property(c)	-	-	-	-
	physical non-current assets(d)	-	-	-	1,457
	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)
	- sale commission	-	-	-	(44)
	Net investing cash flows	-	15	-	1,496
1.14	Total operating and investing cash flows	(3)	(65)	(25)	928
	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	(3)	(65)	(25)	928
1.21	Cash at beginning of month/year to date	83	145	1,137	184
1.22	Exchange rate adjustments to item 1.20	-	-	-	-
1.23	Cash at end of month	80	80	1,112	1,112

Payments to related entities of the entity and associates of the related entities Payments to directors of the entity and associates of the directors

		Current MonthJanuary 2019
		$' 000
1.24	Aggregate amount of payments to the parties included in item 1.2	-
1.25	Aggregate amount of loans to the parties included in item 1.11	-

1.26 Explanation necessary for an understanding of the transactions

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).

		Amt available	Amount used
		$' 000	$' 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		Month	Month	Month	Month
items in the accounts is as follows:		$' 000	$' 000	$' 000	$' 000
4.1	Cash on hand and at bank	57	60	339	114
4.2	Deposits at call	23	23	773	1,023
4.3	Bank overdraft	-	-	-	-
4.4	Other (Bank Bills)	-	-	-	-
	Total: cash at end of month (item 1.23)	80	83	1,112	1,137

Acquisitions and disposals of business entities

			Name of entity
--	--	--	----------------

• Place of incorporation or registration
• Consideration for acquisition or disposal
• Total net assets
• 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

The Company currently holds the following listed share investments.

	31-Jan-19
	No Shares/Units	% Interest	Last Bid Price	Market Value
Shares in Orion Equities Limited (OEQ)	9,367,653	59.86 %	$0.170	$1,592,501
Shares in Bentley Capital Limited (BEL)	1,225,752	1.61 %	$0.094	$115,221
				$1,707,722

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

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	-	-	-	-

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

Date: 5 February 2019