SPRINTEX LIMITED — Interim / Quarterly Report 2011

Apr 26, 2012

Rule $4.7B$

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.

Name of entity

Sprintex Ltd

ABN

38 106 337 599

Quarter ended ("current quarter")

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۳

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31 March 2011

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Consolidated statement of cash flows

		Current quarter	rear to date (nine
	Cash flows related to operating activities	$A'ooo	months)
			$A'ooo
1.1	Receipts from customers	96	257
1.2	Payments for(a) staff costs(b) advertising and marketing(c) research and development(d) leased assets	(649)(47)(92)	(1,755)(193)(646)
	(e) other working capital	(529)	(1,364)
1.31.4	Dividends receivedInterest and other items of a similar nature
	received	7	21
1.5	Interest and other costs of finance paid	$\left( 1\right)$	(19)
1.6	Income tax received	715	715
1.7	Other (provide details if material)
	Net operating cash flows	(500)	(2, 984)

+ See chapter 19 for defined terms.

		Current quartersA'ooo	Year to date(nine months)$A'ooo
1.8	Net operating cash flows (carried forward)	(500)	(2,984)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a) businesses (item 5)
	(b) equity investments		(321)
	(c) intellectual property
	(d) physical non-current assets	(163)	(244)
	(e) other non-current assets
1.10	Proceeds from disposal of:
	(a) businesses (item 5)
	(b) equity investments
	(c) intellectual property
	(d) physical non-current assets	3	15
	(e) other non-current assets
1.11	Loans to other entities
1.12	Loans repaid by other entities
1.13	Other (provide details if material)
	Release of secured term deposit
	Net investing cash flows	(160)	(550)
1.14	Total operating and investing cash flows	(660)	(3,534)
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.		3,462
1.16	Proceeds from rights issue received in	1,193
	advance
1.17	Proceeds from borrowings
1.18	Repayment of borrowings	54	74
	Dividends paid	(32)	(121)
1.191.20	Other (provide details if material)
	Proceeds from borrowings - related
		151	202
	parties
	Repayment of borrowings - related	(100)	(356)
	parties
	Other
	Net financing cash flows	1,266	3,261
	Net increase (decrease) in cash held	606	(273)
1.21	Cash at beginning of quarter/year to date	(201)	678
1.22	Exchange rate adjustments
1.23	Cash at end of quarter (Notes 1 and 2)	405	405
Note 1:	The Company has contracted to sell its property at 73 Resource Way, Malaga, WA 6090 for $1,450,000

plus GST. Settlement is due at the end of May 2012.

In April 2012, the Company took delivery of a Mori Seiki NT4200DCG and paid the balance due of Note 2: $650,000 plus GST.

+ See chapter 19 for defined terms.

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

		Current quarter$$A'$ ooo
1,24	Aggregate amount of payments to the parties included in item 1.2	72
1.25	Aggregate amount of loans to the parties included in item 1.11

Explanation necessary for an understanding of the transactions $1.26$

Directors' fees and remuneration

Non-cash financing and investing activities

Details of financing and investing transactions which have had a material effect on $2.1$ consolidated assets and liabilities but did not involve cash flows

$N/A$

entities

Details of outlays made by other entities to establish or increase their share in businesses in $2.2$ which the reporting entity has an interest

$N/A$

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

		Amount available	Amount used
		$A'ooo	$A'ooo
3.1	Loan facilities (Note 3)	750
3.2	Credit standby arrangements (Note 4)	5,000

Note 3: This represents a bank overdraft facility.

Note 4: This represents an equity draw down facility to the extent of $5 million that is available to the Company at the Company's discretion by way of the issue of the Company's shares for a period of three years. Please refer to the Company's announcement dated 15 December 2009 for further details.

+ See chapter 19 for defined terms.

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows)to the related items in the accounts is as follows.	Current quartersA'ooo	Previous quartersA'ooo
4.1	Cash on hand and at bank	405	90
4.2	Deposits at call
4.3	Bank overdraft	$\hat{\phantom{a}}$	(291)
4.4	Other (provide details) - credit card	-
	Total: cash at end of quarter (item 1.23)	405	201

Acquisitions and disposals of business entities

			Acquisitions$($ Item 1.9 $(a)$ )	Disposals(Item 1.10(a))
5.1	Name of entity		N/A	N/A
5.2	Placeincorporationregistration	ofOГ
$5-3$	Consideration foracquisitiondisposal	$O\Gamma$
5.4	Total net assets
5.5	Nature of business

Compliance statement

• This statement has been prepared under accounting policies which comply with $\mathbf 1$ 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.
• This statement does give a true and fair view of the matters disclosed. $\mathbf{2}$

Date: 27 April 2012 Sign here: (Managing Director)

Steven Apedaile Print name:

+ See chapter 19 for defined terms.

Notes

• The quarterly report provides a basis for informing the market how the entity's $\mathbf{1}$ . 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.
• The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this $2.$ 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
  • itemised disclosure relating to acquisitions $Q.2$
  • itemised disclosure relating to disposals $9.4$
  • 12.1(a) policy for classification of cash items
  • disclosure of restrictions on use of cash $\bullet$ $12.3$
  • comparative information 13.1 $\bullet$
• Accounting Standards. ASX will accept, for example, the use of International $3.$ 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.

+ See chapter 19 for defined terms.