SPRINTEX LIMITED — Interim / Quarterly Report 2011

Jan 29, 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")

December 2011

Consolidated statement of cash flows

	Cash flows related to operating activities	Current quarter$A'ooo	Year to date (sixmonths)$A'ooo
1.1	Receipts from customers	82	161
1.2	Payments for(a) staff costs(b) advertising and marketing(c) research and development(d) leased assets(e) other working capital	(625)$(u_3)$(220)(4 u )	(1,106)(146)(554)(835)
1.31.4	Dividends receivedInterest and other items of a similar nature
1.51,6	receivedInterest and other costs of finance paidIncome tax received	7	14
1.7	Other (provide details if material)
	Net operating cash flows	(1,280)	2,484

+ See chapter 19 for defined terms.

		Current quarter$A'ooo	Year to date(six months)$A'ooo
1.8	Net operating cash flows (carried forward)	(1,280)	(2,484)
1.9	Cash flows related to investing activitiesPayment for acquisition of:(a) businesses (item $5$ )
	(b) equity investments(c) intellectual property	(321)	(321)
1.10	(d) physical non-current assets(e) other non-current assetsProceeds from disposal of:	(32)	(8 1 )
	(a) businesses (item $5$ )(b) equity investments(c) intellectual property
	(d) physical non-current assets(e) other non-current assets	12	12
1,11	Loans to other entities
1.121.13	Loans repaid by other entitiesOther (provide details if material)
	Release of secured term deposit
	Net investing cash flows	(341)	(390)
1.14	Total operating and investing cash flows	(1,621)	(2,874)
1.151.16	Cash flows related to financing activitiesProceeds from issues of shares, options, etc.Proceeds from rights issue received inadvance	558	2,269
1.171.181.19	Proceeds from borrowingsRepayment of borrowingsDividends paid	(45)	20(89)
1.20	Other (provide details if material)Proceeds from borrowings - relatedparties	51	51
	Repayment of borrowings - relatedpartiesOther	(52)	(256)
	Net financing cash flows	512	1,995
	Net increase (decrease) in cash held	(1,109)	(879)
1.211.22	Cash at beginning of quarter/year to dateExchange rate adjustments	908	678
1.23	Cash at end of quarter (Note 1)	(201)	(201)

Note 1: The Company received a tax refund of $715k under the R&D Tax Concession scheme in January 2012.

+ 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 entities

	Current quarter$$A'$ 000
Aggregate amount of payments to the parties included in item 1.21.24	72
Aggregate amount of loans to the parties included in item 1.111.25

$1.26$ Explanation necessary for an understanding of the transactions

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

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
		$sA'$ 000	$A'$ ooo
7.1	Loan facilities (Note 2)	750	201
7.2	Credit standby arrangements (Note 3)	5,000

• Note 2: This represents a bank overdraft facility.
• Note 3: 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 quarter$A'ooo	Previous quarter$A'ooo
4.1	Cash on hand and at bank	90	177
4.2	Deposits at call	-	733
4.3	Bank overdraft	(291)
4.4	Other (provide details) - credit card		$\mathsf{z})$
	Total: cash at end of quarter (item 1.23)	(201)	908

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	ofOT
5.3	Consideration foracquisitiondisposal	OT
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. $\overline{z}$

Sign here:

Date: 30 January 2012 (Director/Company secretary)

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 $\overline{2}$ . 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 $9.2$
  • 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
• Accounting Standards. ASX will accept, for example, the use of International $\overline{3}$ 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.