VOLT GROUP LIMITED — Interim / Quarterly Report 2014

Jan 28, 2015

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

Name of entity

Enerji Limited

ABN 62 009 423 189

Quarter ended (“current quarter”) 31 December 2014

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 and marketing (c) research and 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 1.7 Other (provide details if material) -Consulting -R&D Tax Concession Net operating cash flows	Current quarter $A’000	Year to date (12months) $A’000
		- (15) - - - (232) - 3 (34) - (379) -	- (250) - - - (1,115) - 20 (104) - (1,192) 2,525
		(657)	(116)

-Consultant fees relate to contracts for the performance of work related to the company’s development of energy generation projects including Research and Development activities. -R&D Tax Concession records the cash rebate from R&D activities from the tax year ended 31 December 2013.

• See chapter 19 for defined terms.

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	Current quarter $A’000	Year to date (12months) $A’000
1.8 Net operating cash flows (carried forward)	(657)	(116)
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (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	- - - - - - - - - - - - -	- - - - (58) - - - - - - - -
	-	(58)
	(657)	(174)
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 Other (provide details if material) -Share issue costs Net financing cash flows	- - 500 - - - -	1,166 - 595 (940) - - (61)
	500	760
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	(157) 848 -	586 105 -
	691	691

• 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'000
	75
	-

• 1.26 Explanation necessary for an understanding of the transactions

Item 1.24 consists of $45k in Directors fees and $30k in Fees for Investor Relations Services (being $10k per month) paid to Mr Peter Avery a director of the Company.

Consulting fees included in item 1.7 include payments of $297k for Ames Associates (a company owned by a previous Company Director) for consulting fees related to contracts for the performance of work related to the company’s development of energy generation projects including Research and Development activities.

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

• n/a

• 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

n/a

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 3.2	Loan facilities Credit standby arrangements	Amount available $A’000	Amount used $A’000
		500	500
		NIL	NIL
	Loan facilities include a $500k R&D factoring facility related to the anticipated 2014 R&D rebate. The Company continues to factor its R&D rebate as per previous years to allow it to progress its activities prior to getting the rebate returned after the end of the financial year. The Company expects its full year 2014 R&D rebate to be received in the second quarter of 2015. The 2014 rebate when received will first be applied to repayingthis facility.

• 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’000	Previous quarter $A’000
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other (Bank Guarantees)	591	748
	-	-
	-	-
	100	100
Total: cash at end of quarter(item 1.23)	691	848

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))
	N/A	N/A

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.

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Sign here: ............................................................ Date: 29 January 2015 (Company secretary) Print name: Peter Torre

• See chapter 19 for defined terms.

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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 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.

3. 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.

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