SMART PARKING LIMITED — Interim / Quarterly Report 2011

Jan 30, 2012

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Name of entity

Car Parking Technologies Limited

ABN Quarter ended ("current quarter")

45 119 327 169 31 December 2011

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter$A'000	Year to date$A'000
1.1	Receipts from customers	650	1,457
1.2	Payments for (a) staff costs	(457)	(828)
	(b) advertising and marketing	-	-
	(c) support and development	(168)	(255)
	(d) inventory	(277)	(879)
	(e) other working capital	(390)	(769)
	(f) costs of acquisition	-	-
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature	53	100
	received
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	(98)
1.7Other income		75	192
	Net operating cash flows	(514)	(1,080)

		Current quarter$A'000	Year to date$A'000
1.8	Net operating cash flows (carried forward)	(514)	(1,080)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a) businesses (item 5)	-	-
	(b) equity investments	-	-
	(c) intellectual property	-	-
	(d) physical non-current assets	(23)	(57)
	(e) other non-current assets	-	(5)
1.10	Proceeds from disposal of:
	(a) businesses (item 5)	-	-
	(b) equity investments	-	-
	(c) intellectual property	-	-
	(d) physical non-current assets	-	-
	(e) other non-current assets	-	-
1.11	Loans to other entities	(935)	(935)
1.12	Loans repayments made	-	-
1.13	Other (Other Income)	-	-
	Net investing cash flows	(958)	(997)
1.14	Total operating and investing cash flows	(1,472)	(2,077)
1.15	Cash flows related to financing activitiesProceeds from issue of shares	14,485	14,485
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- exercise of options	-	-
	Net financing cash flows	14,485	14,485
	Net increase (decrease) in cash held	13,013	12,408
1.21	Cash at beginning of quarter/year to date	3,645	4,236
1.22	Exchange rate adjustments to item 1.20	(14)	-
1.23	Cash at end of quarter	16,644	16,644

Payments to directors of the entity and associates of the directors

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

		Current quarter$A'000
1.24	Aggregate amount of payments to the parties included in item 1.2	(202)
1.25	Aggregate amount of loans to the parties included in item 1.11	(935)
1.26	Explanation necessary for an understanding of the transactions
	Director Fees $15,000Share Registry Fees $18,619Support & Software Development Costs including Rent and other Payments $167,944Loan made to Town and City Parking Ltd which was acquired in January 2012 $935,486

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
• 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

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.	Current quarter$A'000	Previous quarter$A'000
4.1	Cash on hand and at bank	309	58
4.2	Deposits at call	16,335	3,587
4.3	Bank overdraft	-	-
4.4	Other	-	-
	Total: cash at end of quarter (item 1.23)	16,644	3,645

Acquisitions and disposals of business entities

		Acquisitions(Item 1.9(a))	Disposals(Item 1.10(a))
5.1	Name of entity	-	-
5.2	Place of incorporationor registration	-	-
5.3	Consideration foracquisition or disposal	-	-
5.4	Total net assets	-	-
5.5	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 (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

Print name: Jeremy King – Company Secretary Date: 31 January 2012

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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• 1. The definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.
  • 6.2 reconciliation of cash flows arising from operating activities to operating profit or loss
  • 9.2 itemised disclosure relating to acquisitions
  • 9.4 itemised disclosure relating to disposals
  • 12.1(a) policy for classification of cash items
  • 12.3 disclosure of restrictions on use of cash
  • 13.1 comparative information
• 1. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.