SCIDEV LTD — Interim / Quarterly Report 2023

Feb 18, 2024

ASX Announcement

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19 February 2024

Re-issue of December 2023 Appendix 4C

ASX has requested that SciDev Ltd (ASX: SDV) (' SciDev ' or ' the Company ') provide additional granular detail in relation to SciDev’s leased motor vehicle financing. In accordance with that request SciDev hereby re-releases its December 2023 Appendix 4C, with additional detail provided in Section 7.6 and Schedule 1 pertaining to its leased motor vehicles.

SciDev notes that the additional information provided does not impact any of the cashflow information and cash balance disclosure in the original Appendix 4C.

This release has been approved by the Board of Directors of SciDev Limited.

For Further Information:

Corporate

Investors

Seán Halpin –Chief Executive Officer Craig Sainsbury – Automic Markets Heath Roberts – Company Secretary craig.sainsbury@automicgroup.com.au (+61) 2 9622 5185 (+61) 428 550 499

About SciDev

SciDev is a leader in the environmental solutions market focused on water-intensive industries. Our solutions allow clients to reuse water, improve operational efficiencies and reduce their environmental footprints. We deliver world-leading chemistry and water treatment technology with end-to-end support from our specialist scientists and engineers.

SciDev works with clients across a range of industries, including Mining, Oil & Gas, Construction & Infrastructure and Water Treatment.

SciDev Limited

SciDev Limited Unit 1, 8 Turbo Rd ABN: 25 001 150 849 Kings Park e: info@scidevltd.com NSW 2418 AUSTRALIA w: scidevltd.com p: +61 2 9622 5185

Page 1 of 1 SciDev 2023 AGM and Nomination of Directors

Rule 4.7B

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Re-release 16 February 2024

Name of entity

SciDev	Limited
ABN			Quarter ended (“current				quarter”)
25 001	150 849		31 December 2023
Consolidated statement of cash flows			Current quarter				Year to date
			$A’000				(6 months)
							$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers			25,935					45,241
1.2	Payments for
	(a) research and development				-						-
	(b) product manufacturing and operating costs		(22,047)					(36,608)
	(c) advertising and marketing				-						-
	(d) leased assets				-						-
	(e) staff costs			(4,145)					(7,564)
	(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			(106)						(199)
1.6	Income taxes paid			(411)						(411)
1.7	Government grants and tax incentives				-						-
1.8	Other (provide details if material)				-						-
1.9	Net cash from / (used in) operating activities
				(774)							459
2	Cash flows from investing activities
2.1	Payments to acquire:
	(a) entities				-						-
	(b) businesses			(402)						(402)
	(c) property, plant and equipment			(358)					(1,144)
	(d) investments				-						-
	(e) intellectual property			(15)							(30)
	(f) other assets			(282)						(336)

ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 1

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

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Consolidated statement of cash flows Current quarter Year to date
$A’000 (6 months)
$A’000
2.2 Proceeds from disposal of:
- -
(a) entities
- -
(b) businesses
- -
(c) property, plant and equipment
- -
(d) investments
- -
(e) intellectual property
(f) other assets 123 123
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other (provide details if material) - -
2.6 Net cash from / (used in) investing activities (934) (1,789)
3 Cash flows from financing activities
3.1 Proceeds from issues of equity securities (excluding - -
convertible debt securities)
3.2 Proceeds from issue of convertible debt securities - -
3.3 Proceeds from exercise of share options - -
3.4 Transaction costs related to issues of equity securities or - -
convertible debt securities
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings (244) (506)
3.7 Transaction costs related to loans and borrowings - -
3.8 Dividends paid - -
3.9 Other (provide details if material) - -
3.10
Net cash from / (used in) financing activities (244) (506)
4 Net increase / (decrease) in cash and cash
equivalents for the period
4.1
Cash and cash equivalents at beginning of period 7,971 7,732
4.2 Net cash from / (used in) operating activities (item 1.9
(774) 459
above)
4.3 Net cash from / (used in) investing activities (item 2.6
(934) (1,789)
above)
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ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

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

Consolidated statement of cash flows	Consolidated statement of cash flows		Current quarter	Current quarter	Current quarter		Year to date	Year to date	Year to date
				$A’000			(6 months)
							$A’000
4.4	Net cash from / (used in) financing activities (item 3.10 above)				(244)				(506)
4.5	Effect of movement in exchange rates on cash held				(213)					(90)
4.6	Cash and cash equivalents at end of quarter				5,806			5,806
5	Reconciliation of cash and cash		Current quarter				Previous quarter
	equivalents			$A’000			$A’000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances				5,806			7,971
5.2	Call deposits					-						-
5.3	Bank overdrafts					-						-
5.4	Other (provide details)					-						-
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)				5,806			7,971
6	Payments to directors of the entity and their associates						Current quarter
							$A'000
6.1	Aggregate amount of payments to related parties and their in item 1		associates included								76
6.2	Aggregate amount of payments to related parties and their		associates included
	in item 2											-

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments

Amount included in 6.1 comprises fees paid to Non-executive Directors and remuneration for the Managing Director and rent paid to a company associated with a Director.

ASX Listing Rules Appendix 4C (01/12/19) + See chapter 19 of the ASX Listing Rules for defined terms.

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

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7 Financing facilities
Note: the term “facility’ includes all forms of financing Total facility amount Amount drawn at
arrangements available to the entity. at quarter end quarter end
Add notes as necessary for an understanding of the sources of $A’000 $A’000
finance available to the entity.
7.1 Loan facilities 814 814
7.2 - -
Credit standby arrangements
7.3 Other - -
7.4 Total financing facilities 814 814
7.5 Unused financing facilities available at quarter end -
7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity
date and whether it is secured or unsecured. If any additional financing facilities have been entered into
or are proposed to be entered into after quarter end, include a note providing details of those facilities
as well.
Facility amount
% Maturity date
Secured $A’000
Finance leases (motor vehicles) Refer Schedule 1 814
814
Unsecured
814
8 Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (Item 1.9) (774)
8.2
Cash and cash equivalents at quarter end (Item 4.6) 5,806
8.3 -
Unused finance facilities available at quarter end (Item 7.5)
8.4
Total available funding (Item 8.2 + Item 8.3) 5,806
8.5
Estimated quarters of funding available (Item 8.4 divided by Item 8.1) 7.5
8.6 If Item 8.5 is less than 2 quarters, please provide answers to the following questions:
1. Does the entity expect that it will continue to have the current level of net operating cash flows for the
time being and, if not, why not?
Answer:
2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its
operations and, if so, what are those steps and how likely does it believe that they will be successful?
Answer:
3. Does the entity expect to be able to continue its operations and to meet its business objectives and, if
so, on what basis?
Answer:
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ASX Listing Rules Appendix 4C (01/12/19)

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• See chapter 19 of the ASX Listing Rules for defined terms.

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

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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.
Date: ……………………………………………………..
Anna Hooper - Chief Financial Officer
Authorised by: …………………………………………………….
(Name of body or officer authorising release – see note 4)
Notes
1 This quarterly cash flow report and the accompanying activity report provide a basis for informing the
market about the entity’s activities for the past quarter, how they have been financed and the effect this
has had on its cash position. An entity that wishes to disclose additional information over and above the
minimum required under the Listing Rules is encouraged to do so.
2 If this quarterly cash flow 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 cash flow 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.
4 If this report has been authorised for release to the market by your board of directors, you can insert
here: “By the board”. If it has been authorised for release to the market by a committee of your board of
directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it
has been authorised for release to the market by a disclosure committee, you can insert here: “By the
Disclosure Committee”.
5 If this report has been authorised for release to the market by your board of directors and you wish to
hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s
Corporate Governance Principles and Recommendations, the board should have received a declaration
from its CEO and CFO that, in their opinion, the financial records of the entity have been properly
maintained, that this report complies with the appropriate accounting standards and gives a true and fair
view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound
system of risk management and internal control which is operating effectively.
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ASX Listing Rules Appendix 4C (01/12/19)

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• See chapter 19 of the ASX Listing Rules for defined terms.

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

Schedule 1

All vehicle loans are secured against the vehicle.

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The list of vehicle financings above includes a number of different arrangements, the weighted average interest rate is currently 9.87%

ASX Listing Rules Appendix 4C (01/12/19)

Page 6

• See chapter 19 of the ASX Listing Rules for defined terms.