SPECTUR LIMITED — Interim / Quarterly Report 2021

Jan 24, 2021

Appendix 4C

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

Name of entity
SPECTUR LIMITED
ABNQuarter ended ("current quarter")
79140151579	31 DECEMBER 2020

	Consolidated statement of cash flows	Current quarter$A'000	Year to date (6months)$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	1,116	2,148
1.2	Payments for
	Note a(a)research and development	(42)	(98)
	(b)product manufacturing and operatingcosts Note a	(535)	(920)
	(c)advertising and marketing	(135)	(186)
	(d)leased assets	-	-
	(e)staff costs	(833)	(1,687)
	(f)administration and corporate costs	(144)	(439)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	-	1
1.5	Interest and other costs of finance paid	(1)	(2)
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	345	668
1.8	Other (GST)	(21)	(60)
1.9	Net cash from / (used in) operatingactivities	(250)	(575)

2. Cash flows from investing activities

2.1	Payments to acquire:
	(a)entities	-	-
	(b)businesses	-	-
	(c)property, plant and equipment Note b	(185)	(193)
	investments Note c(d)	(10)	(10)
	(e)intellectual property	-	-

	Consolidated statement of cash flows	Current quarter$A'000	Year to date (6months)$A'000
	(f)other non-current assets	-	-
2.2	Proceeds from disposal of:
	(a)entities	-	-
	(b)businesses	-	-
	(c)property, plant and equipment	-	-
	(d)investments	-	-
	(e)intellectual property	-	-
	(f)other non-current assets	-	-
2.3	Cash flows from loans to other entities Note d	(7)	(7)
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investingactivities	(202)	(210)
	Note b: Spectur Ltd increased its rental fleet by $170k.
	Note c: Spectur Ltd acquired 51% of the issued share capital in Spectur NZ.
	Note d: Spectur Ltd advanced a loan to Spectur NZ.

3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities(excluding convertible debt securities)	-	1,513
3.2	Proceeds from issue of convertible debtsecurities	-	-
3.3	Proceeds from exercise of options	-	-
3.4	Transaction costs related to issues ofequity securities or convertible debtsecurities	(14)	(68)
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	(8)	(16)
3.7	Transaction costs related to loans andborrowings	-	-
3.8	Dividends paid	-	-
3.9	Repayment of Lease liabilities	(28)	(55)
3.10	Net cash from financing activities	(50)	1,374

4.	Net increase / (decrease) in cash andcash equivalents for the period
4.1	Cash and cash equivalents at beginning ofperiod	2,726	1,635
4.2	Net cash (used in) operating activities(item 1.9 above)	(250)	(575)

	Consolidated statement of cash flows	Current quarter$A'000	Year to date (6months)$A'000
4.3	Net cash (used in) investing activities(item 2.6 above)	(202)	(210)
4.4	Net cash from financing activities (item 3.10above)	(50)	1,374
4.5	Effect of movement in exchange rates oncash held	-	-
4.6	Cash and cash equivalents at end ofperiod	2,224	2,224

5.	Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts	Current quarter$A'000	Previous quarter$A'000
5.1	Bank balances	1,208	1,711
5.2	Call deposits	1,016	1,015
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	2,224	2,726

6. Payments to related parties of the entity and their associates 6.1 Aggregate amount of payments to related parties and their associates included in item 1

Current quarter$A'000
	88
	-

6.2 Aggregate amount of payments to related parties and their associates included in item 2

The payments to directors or their associates in 6.1 include gross salaries, superannuation for executive directors and fees to non-executive directors.

7. Financing facilities

7.	FinancingfacilitiesNote: the term "facility' includes all forms of financingarrangements available to the entity.Add notes as necessary for an understanding of thesources of finance available to the entity.	Total facilityamount at quarterend$A'000	Amount drawn atquarter end$A'000
7.1	Loan facilities	-	-
7.2	Credit standby arrangements	-	-
7.3	Other (chattel mortgage)	77	77
7.4	Total financing facilities	77	77

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.

We have the following financing arrangements in place:

• ANZ Bank at interest rates varying between 5% and 6% and secured by motor vehicles.
• DLL Financial solutions at an interest rate of 7.54% and secured by plant and equipment.

8.	Estimated cash available for future operating activities	$A'000
8.1	Net cash from / (used in) operating activities (Item 1.9) Note e	(595)
8.2	Cash and cash equivalents at quarter end (Item 4.6)	2,224
8.3	Unused finance facilities available at quarter end (Item 7.5)	-
8.4	Total available funding (Item 8.2 + Item 8.3)	2,224
8.5	Estimated quarters of funding available (Item 8.4 divided byItem 8.1)	4

• 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: N/A

1. 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: N/A

• 1. Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: N/A

Note e: Government support of $345,000 was excluded in calculation 8.1 as this is not considered a recurring item.

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: ....25 January 2021...............................................................................

Authorised by: ..The Board of Directors.................................................................................

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.
• 1. 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.
• 1. 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.
• 1. 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".
• 1. 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.