VINYL GROUP LTD — Interim / Quarterly Report 2012

Jan 30, 2012

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ASX ANNOUNCEMENT AND MEDIA RELEASE

ASX CODE: MBO

Date: 31 January 2012

MBO continues record first half performance

• Orders grow 278% over previous year quarter

• Orders grow 168% over previous year

• Delivering on global accounts

Global marine safety equipment provider Mobilarm Limited (ASX: MBO) today reported orders for the quarter ended 31 December 2011 have increased as expected. This represents a 278% increase over the second quarter of the previous year and a 22% increase over the orders for the first quarter of the current year. The Company’s orders for the first half of financial year 2012 have increased by 168% over the full financial year 2011 orders.

Mobilarm Chief Executive Officer Ken Gaunt commented: “The growth in customer orders is continued proof of the market acceptance of our marine safety solutions. The integration of our UK acquisition MRT combined with an absolute focus on sales, coupled with recent changes within our business are reflected in these results. We will streamline operational costs and efficiencies as needed and continue to build on our reputation as a world leader in marine safety technology.”

-Ends-

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001

Name of entity
Mobilarm Limited
ABN 15 106 513 580	Quarter ended (“current quarter”)
15 106 513 580	31 December 2011

Consolidated statement of cash flows

Consolidated statement of cash flows
Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) staff costs (b) advertising & marketing (c) research & development (d) leased assets (e) Other working capital 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes (paid)/received 1.7 Rental recoveries 1.7 Purchases of inventory Net operating cash flows	Current quarter $	Year to date (6 months) $
	1,664,550 (786,244) (53,738) (107,949) - (704,179) - 4,561 (7,347) - - (448,924)	2,727,962 (1,543,568) (118,669) (261,217) - (1,646,019) - 5,750 (9,817) - 21,412 (832,747)
	(439,270)	(1,656,913)

• See chapter 19 for defined terms.

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

	Current quarter $	Year to date (6 months) $
1.8 Net operating cash flows (carried forward)	(439,270)	(1,656,913)
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) Net cash acquired on acquisition( item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (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 (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) Net investing cash flows 1.14 Total operating and investing cash flows	- - - (12,850) - - - - - - - - -	- - - (12,850) - - - - - - - - -
	(12,850)	(12,850)
	(452,120)	(1,669,763)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings 1.19 Dividends paid 1.20 Share issue expenses Net financing cash flows	540,000 - - - - -	2,955,420 - - (891,347) - -
	540,000	2,064,073
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end ofquarter	87,880 599,988 -	394,310 293,558 -
	687,868	687,868

• See chapter 19 for defined terms.

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

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

1.24 Aggregate amount of payments to the parties included in item 1.2 1.25 Aggregate amount of loans to the parties included in item 1.11	Current quarter $A
	(129,388)
	-

1.26	Explanation necessaryfor an understandingof the transactions
	Payments were for salaries and director fees and travel expenses including fees deferred from the
	previous 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. (See AASB 1026 paragraph 12.2).

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A	Amount used $A
	-	-
	-	-

• See chapter 19 for defined terms.

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A	Previous quarter $A
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Deposits securing guarantees	422,694	398,901
	-	-
	-	-
	265,174	201,087
Total: cash at end of quarter(item 1.22)	687,868	599,988

Acquisitions and disposals of business entities

5.1 Name of entity 5.2 Place of incorporation or registration 5.3 Consideration for acquisition or disposal 5.4 Total net assets 5.5 Nature of business	Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
	Nil	Nil

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 give a true and fair view of the matters disclosed.

Sign here:

Company Secretary

Date: 31 January 2011

Print name: David McArthur

• See chapter 19 for defined terms.

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

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.

2. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

3. 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss

4. 9.2 - itemised disclosure relating to acquisitions  9.4 - itemised disclosure relating to disposals  12.1(a) - policy for classification of cash items  12.3 - disclosure of restrictions on use of cash  13.1 - comparative information

5. Accounting Standards. ASX will accept, for example, the use of International 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.

6. See chapter 19 for defined terms.

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