SYNTARA LIMITED — Interim / Quarterly Report 2012

Jan 23, 2012

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10

Name of entity

Pharmaxis Ltd

ABN Quarter ended ("current quarter")

75 082 811 630 31 December 2011

Consolidated statement of cash flows

			Current quarter	Year to date
Cash flows related to operating activities			$A'000	(Six months)
				$A'000
1.1	Receipts from customers		511	863
1.2	Payments for	(a) staff costs	(4,524)	(8,575)
		(b)advertising and marketing	(503)	(660)
		(c)research and development	(4,623)	(11,855)
		(d) leased assets	(10)	(24)
		(e) other working capital
1.3	Dividends received
1.4	Interest and other items of a similar naturereceived		582	1,032
1.5	Interest and other costs of finance paid
1.6	Income taxes paid		145	141
1.7	Other – Government grants
	Net operating cash flows		(8,422)	(19,078)

+ See chapter 19 for defined terms.

		Current quarter$A'000	Year to date(Six months)$A'000
1.8	Net operating cash flows (carried forward)	(8,422)	(19,078)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a) businesses (item 5)	-	-
	(b) equity investments	-	-
	(c) intellectual property	(8)	(15)
	(d) physical non‐current assets	(45)	(45)
	(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	15	106
	(e) other non‐current assets
1.11	Loans to other entities	-	-
1.12	Loans repaid by other entities	-	-
1.13	Other(finaldeferredpaymentfrom
	acquisition of UK subsidiary in June 2010quarter)
	Net investing cash flows	(38)	46
1.14	Total operating and investing cash flows	(8,460)	(19,032)
1.151.161.171.18	Cash flows related to financing activitiesProceeds from issues of shares, options, etc.Proceeds from sale of forfeited sharesProceeds from borrowingsRepayment of borrowings	76,268	76,499
1.19	Dividends paid
1.20	Other (finance lease payments)	(280)	(631)
	Net financing cash flows	75,988	75,868
	Net increase (decrease) in cash held	67,528	56,836
1.21	Cash at beginning of quarter/year to date	33,730	44,343
1.22	Exchange rate adjustments to item 1.20	(56)	23
1.23	Cash at end of quarter	101,202	101,202

+ 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
1.24Aggregate amount of payments to the parties included in item 1.2	120
1.25Aggregate amount of loans to the parties included in item 1.11

1.26 Explanation necessary for an understanding of the transactions

Payments represent directors fees for quarter

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

Nil

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

Nil

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	Nil	Nil
3.2	Credit standby arrangements	Nil	Nil

+ 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$A'000	Previous quarter$A'000
4.1	Cash on hand and at bank	2,163	1,897
4.2	Deposits at call	1,115	2,914
4.3	Bank overdraft
4.4	Other (provide details) ‐ bank accepted billsand term deposits	97,924	28,919
	Total: cash at end of quarter (item 1.23)	101,202	33,730

Acquisitions and disposals of business entities

			Acquisitions(Item 1.9(a))	Disposals(Item 1.10(a))
5.1	Name of entity		Nil	Nil
5.2	Placeincorporationregistration	ofor
5.3	Consideration foracquisitiondisposal	or
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 /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here: Date: 24 January 2012 (Chief Financial Officer/Company Secretary) Print name: David McGarvey

+ See chapter 19 for defined terms.

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 any additional disclosure requirements requested by AASB 107 that are not already itemised in this report.
• 1. Accounting Standards. ASX will accept, for example, the use of International Financial Reporting 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.