XREALITY GROUP LTD — Interim / Quarterly Report 2015

Apr 19, 2015

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Indoor Skydive Australia Group Limited ACN 154 103 607

ASX/Media Release

Sydney, Australia – 20 April 2015

Appendix 4C Cash Report – 31 March 2015

Indoor Skydive Australia Group Limited (ASX: IDZ) has today released its Appendix 4C Quarterly Cash Report for the period ended 31 March 2015.

Receipts from customers at item 1.1 in the attached Appendix 4C Report includes year to date cash sales received in advance, and revenue of $5.5 million from tunnel operations. This figure does not include pre sales from vouchers sold through our third party online promoter.

The Appendix 4C Quarterly Cash Report follows.

ENDS

About Indoor Skydive Australia Group Limited (ACN: 154 103 607)

Indoor Skydive Australia Group Limited was established in 2011 as the parent company to build and operate a number of indoor skydiving facilities across our region in the next 3-5 years. These facilities allowing human flight within a safe environment are currently used by tourists, skydiving enthusiasts and military throughout the world. Flexible operating hours, low overheads and proven technology are just a few of the highlights that support the company’s business model. The Company listed on ASX on 18 January 2013 under the code IDZ.

For further information visit: www.indoorskydiveaustralia.com.au Telephone: +61 2 9325 5900 fax +61 2 9325 5950 Wayne Jones, CEO, +61 2 9325 5900 or wayne@indoorskydiveaustralia.com.au Fiona Yiend, Company Secretary, +61 2 9325 5900 or fiona@indoorskydiveaustralia.com.au

Indoor Skydive Australia Group Limited: ACN 154 103 607 p: +61 (0)2 9325 5960 | Level 2, 201 Miller St, North Sydney, NSW 2060 | Australia

IndoorSkydiveAustralia.com.au

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

Name of entity

Name of entity
Indoor Skydive Australia Group Limited
ABN 39 154 103 607	Quarter ended (“current quarter”)
39 154 103 607	31 March 2015

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for suppliers (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 received 1.5 Interest paid 1.6 Income taxes refund 1.7 Other Net operating cash flows	Current quarter $A’000	Year to date (9 mths) $A’000
	1,853 (718) (106) (692) 58 (110) 8	5,539 (2,323) (423) (2,118) 92 (241) 60
	293	586

• See chapter 19 for defined terms.

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

-
	Current quarter $A’000	Year to date (9 mths) $A’000
1.8 Net operating cash flows (carried forward)	293	586
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments/other financial assets (c) purchase of term deposits (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments/other financial assets (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 Net investing cash flows 1.14 Total operating and investing cash flows	(3,835)	(6,650)
	(3,835)	(6,650)
	(3,542)	(6,064)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from repayment of loans 1.17 Proceeds from borrowings (C/Note) 1.18 Repayment of borrowings (C/Note) 1.19 Dividends paid 1.20 Other share issue costs Net financing cash flows		14,454 2,600 (4,100) (612)
		12,342
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments 1.23 Cash at end ofquarter	(3,542) 11,238	6,278 1,418
	7,696	7,696

• See chapter 19 for defined terms.

Appendix 4C Page 2

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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

• Current quarter $A'000

• 1.24 Aggregate amount of payments to the parties included in item 1.2 89

• 1.25 Aggregate amount of loans to the parties included in item 1.11

• 1.26 Explanation necessary for an understanding of the transactions

Directors’ fees and salaries ($89,000) are included in 1.24.

Payments to a related party occurred in respect of the Convertible note ($110,000), which are included under item 1.5.

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. (See AASB 1026 paragraph 12.2).

	3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
		5,911

• 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 (term deposits) 4.3 Bank overdraft 4.4 Other (USD account)	6,675	9,999
	957	957
	64	282
Total: cash at end of quarter (incl term deposits)	7,696	11,238

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))

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: 20 April 2015 ( ~~Director/~~ Company secretary)

Print name: Fiona Yiend

• See chapter 19 for defined terms.

Appendix 4C Page 4

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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

5. 9.4 - itemised disclosure relating to disposals

6. 12.1(a) - policy for classification of cash items

7. • 12.3 - disclosure of restrictions on use of cash • 13.1 - comparative information

8. 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.

9. See chapter 19 for defined terms.

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Appendix 4C Page 5