TITOMIC LIMITED — Interim / Quarterly Report 2017

Oct 26, 2017

Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

+Rule 4.7B

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of Entity

Titomic Ltd ABN Quarter Ended (“Current Quarter”) 77 602 793 644 30[th] September 2017

Consolidated statement of cash flows Current Quarter $A’000 Year-to-Date (3 months) $A’000	Consolidated statement of cash flows Current Quarter $A’000 Year-to-Date (3 months) $A’000
1. 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8	Cash flows from operating activities - - Receipts from customers Payments for (94) (94) (a) research and development (b) product manufacturing and operating costs - - (c) advertising and marketing (45) (45) (d) leased assets - - (e) staff costs (294) (294) (f) administration and corporate costs (403) (403) Dividends received (see note 3) - - Interest received 4 4 Interest and other costs of finance paid - - Income taxes paid - - Government grants and tax incentives - - Other (GST refunds) 142 142
1.9	Net cash from / (used in) operating activities (690) (690)

• See chapter 19 for defined terms 1 September 2017

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows (Continued…) Current Quarter $A’000 Year-to-Date (3 months) $A’000	Consolidated statement of cash flows (Continued…) Current Quarter $A’000 Year-to-Date (3 months) $A’000
2. 2.1 2.2 2.3 2.4 2.5	Cash flows from investing activities (399) (399) Payments to acquire: (a) property, plant and equipment (b) businesses (see item 10) - - (c) investments - - (d) intellectual property - - (e) other non-current assets - - Proceeds from disposal of: - - (a) property, plant and equipment (b) businesses (see item 10) - - (c) investments - - (d) intellectual property - - (e) other non-current assets - - Cash flows from loans to other entities - - Dividends received (see note 3) - - Other (provide details if material) - -
2.6	Net cash from / (used in) investing activities (399) (399)
3. 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9	Cash flows from financing activities 7,100 7,100 Proceeds from issues of shares Proceeds from issue of convertible notes - - Proceeds from exercise of share options - - Transaction costs related to issues of shares, convertible notes or options (307) (307) Proceeds from borrowings - - Repayment of borrowings - - Transaction costs related to loans and borrowings - - Dividends paid - - Other (provide details if material) - -
3.10	Net cash from / (used in) financing activities 6,793 6,793

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• See chapter 19 for defined terms 1 September 2017

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows (Continued…) Current Quarter $A’000 Year-to-Date (3 months) $A’000	Consolidated statement of cash flows (Continued…) Current Quarter $A’000 Year-to-Date (3 months) $A’000
4. 4.1 4.2 4.3 4.4 4.5	Net increase / (decrease) in cash and cash equivalents for the period 357 357 Cash and cash equivalents at beginning of quarter/year to date Net cash from / (used in) operating activities (item 1.9 above) (690) (690) Net cash from / (used in) investing activities (item 2.6 above) (399) (399) Net cash from / (used in) financing activities (item 3.10 above) 6,793 6,793 Effect of movement in exchange rates on cash held - -
4.6	Cash and cash equivalents at end of quarter 6,061 6,061
5.	Reconciliation of cash and cash equivalents Current Quarter $A’000 Previous Quarter $A’000
5.1 5.2 5.3 5.4	at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Bank balances 6,061 357 Call deposits - - Bank overdrafts - - Other (provide details) - -
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above) 6,061 357
6. Payments to directors of the entity and their associates Current Quarter $A'000 6.1 Aggregate amount of payments to these parties included in item 1.2 251 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 - 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 Salaries, director’s fees and consulting fees at normal commercial rates.

This quarter includes payment of up to 8 months of accrued Directors fees from prior periods.

Amounts exclude GST where applicable.

• See chapter 19 for defined terms 1 September 2017

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

7. 7.1 7.3	Payments to related entities of the entity and their associates Current Quarter $A'000 Aggregate amount of payments to these parties included in item 1.2 - Aggregate amount of cash flow from loans to these parties included in item 2.3 - Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2 -

8. 8.1 8.2 8.3 8.4

Financing facilities available Add notes as necessary for an understanding of the position Total Facility Amount at Quarter End $A’000 Amount Drawn at Quarter End $A’000 Loan facilities - - Credit standby arrangements - - Other (please specify) - - Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.

	9.	Estimated cash outflows for next quarter	$A’000
	9.1	Research and development		(310)
	9.2	Product manufacturing and operating costs		(56)
	9.3	Advertising and marketing		(13)
	9.4	Leased assets		-
	9.5	Staff costs		(154)
	9.6	Administration and corporate costs		(216)
	9.7	Other (capital & equipment purchases)		(1,205)
	9.8	Total estimated cash outflows		(1,954)

• See chapter 19 for defined terms 1 September 2017

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Appendix 4C Quarterly report for entities subject to Listing Rule 4.7B

10.	Acquisitions and disposals of business entities (items 2.1(b) and 2.2(b) above) Acquisitions Disposals
10.1 10.2 10.3 10.4 10.5	Name of entity - - Place of incorporation or registration - - Consideration for acquisition or disposal - - Total net assets - - Nature of business - -

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.

Sign here:

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Date: Friday 27[th] October 2017

Company Secretary & CFO

Print name: Peter Vaughan

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly 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 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.

3. 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.

4. See chapter 19 for defined terms 1 September 2017

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