TITOMIC LIMITED — Interim / Quarterly Report 2018

Apr 29, 2018

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 77 602 793 644	Quarter Ended (“Current Quarter”) 31stMarch 2018

Consolidated statement of cash flows	Consolidated statement of cash flows	Current Quarter $A’000	Year-to-Date (9 months)
			$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers	28	28
1.2	Payments for
	(a) research and development	(223)	(415)
	(b) product manufacturing and operating	-	-
	costs
	(c) advertising and marketing	(136)	(238)
	(d) leased assets	-	-
	(e) staff costs	(294)	(805)
	(f) administration and corporate costs	(290)	(1,200)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	5	20
1.5	Interest and other costs of finance paid	(1)	(2)
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	-	-
1.8	Other (GST refunds)	211	353
1.9	Net cash from / (used in) operating	(700)	(2,259)
	activities

• 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…)	Consolidated statement of cash flows (Continued…)	Current Quarter $A’000	Year-to-Date (9 months) $A’000
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a) property, plant and equipment	(835)	(2,785)
	(b) businesses (see item 10)	-	-
	(c) investments	-	-
	(d) intellectual property	-	-
	(e) other non-current assets	-	-
2.2	Proceeds from disposal of:
	(a) property, plant and equipment	-	-
	(b) businesses (see item 10)	-	-
	(c) investments	-	-
	(d) intellectual property	-	-
	(e) other non-current assets	-	-
2.3	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investing	(835)	(2,785)
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of shares	-	7,100
3.2	Proceeds from issue of convertible notes	-	-
3.3	Proceeds from exercise of share options	-	-
3.4	Transaction costs related to issues of	-	(772)
	shares, convertible notes or options
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	-	(2)
3.7	Transaction costs related to loans and	-	-
	borrowings
3.8	Dividends paid	-	-
3.9	Other (provide details if material)	-	-
3.10	Net cash from / (used in) financing	-	6,326
	activities

• 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…)	Consolidated statement of cash flows (Continued…)	Current Quarter $A’000	Year-to-Date (9 months) $A’000
4.	Net increase / (decrease) in cash and	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of
	quarter/year to date	3,174	357
4.2	Net cash from / (used in) operating	(700)	(2,259)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(835)	(2,785)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	-	6,326
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	-	-
	cash held
4.6	Cash and cash equivalents at end of	1,639*	1,639*
	quarter

5.	Reconciliation of cash and cash	Current Quarter	Previous Quarter
	equivalents	$A’000	$A’000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	1,639	3,174
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of	1,639*	3,174
	quarter (should equal item 4.6 above)

• NOTE: Pursuant to the Company’s announcement to the ASX on 26[th] April 2018 Titomic has completed a $12 million (before costs) private placement to institution and sophisticated investors. Settlement of the raising proceeds will occur on 7[th] May 2018.

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	256
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.

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.	Payments to related entities of the entity and their	Current Quarter
	associates	$A'000
7.1	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
7.3	Include below any explanation necessary to understand the transactions included in
	items 7.1 and 7.2
	-

8.	Financing facilities available Total Facility Amount Amount Drawn at
	Add notes as necessary for an understanding of the position at Quarter End $A’000 Quarter End $A’000
8.1	Loan facilities -	-
8.2	Credit standby arrangements -	-
8.3	Other (please specify) -	-
8.4	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		(175)
9.2	Product manufacturing and operating costs		(1,504)
9.3	Advertising and marketing		(96)
9.4	Leased assets		-
9.5	Staff costs		(535)
9.6	Administration and corporate costs		(446)
9.7	Other (capital & equipment purchases)		-
9.8	Total estimated cash outflows		(2,756)

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

==> picture [105 x 41] intentionally omitted <==

Date: Monday 30[th] April 2018

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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