ANAECO LIMITED +Rule 4.7B
Quarterly report for entities subject to Listing Rule 4.7BIntroduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16
Name of entity ANAECO LIMITED ABN Quarter ended ("current quarter")36 087 244 228 30 SEPTEMBER 2017
Consolidated statement of cash flows Currentquarter $A'000-
Cash flows from operating activities
Receipts from customers
Payments for
Year to date (3 months) $A'000- -
research and development
product manufacturing and operating costs
(333) (333)
- -
advertising and marketing (112) (112)
leased assets - -
staff costs (160) (160)
administration and corporate costs (334) (334)
Dividends received (see note 3) - -
Interest received 1 1
Interest and other costs of finance paid - -
Income taxes paid - -
Government grants and tax incentives - -
Other (provide details if material) - -
1.9 Net cash from / (used in) operating activities (938) (938)-
Cash flows from investing activities
Payments to acquire:
property, plant and equipment - -
businesses (see item 10) - -
investments - -
intellectual property - -
other non-current assets - -
Proceeds from disposal of:
property, plant and equipment - -
businesses (see item 10) - -
investments - -
intellectual property - -
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-
Cash flows from financing activities
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
Proceeds from borrowings 1,100 1,100
Repayment of borrowings - -
Funding costs related to loans and - - borrowings
Dividends paid - -
Other (provide details if material) - -
3.10 Net cash from / (used in) financing activities 1,100 1,100-
Net increase / (decrease) in cash and cash equivalents for the period
Cash and cash equivalents at beginning of quarter/year to date
Net cash from / (used in) operating activities (item 1.9 above)
Net cash from / (used in) investing activities (item 2.6 above)
Net cash from / (used in) financing activities (item 3.10 above)
Effect of movement in exchange rates on cash held
4.6 Cash and cash equivalents at end of quarter349 349
(938) (938)
- -
1,100 1,100
- -
511 511-
Reconciliation of cash and cash equivalents
at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts
Current quarter $A'000 Previous quarter $A'000 Bank balances 511 349
Call deposits - -
Bank overdrafts - -
Other (provide details) - -
5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 511 349-
Payments to directors of the entity and their associates Currentquarter
$A'000
Aggregate amount of payments to these parties included in item 1.2 103
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 6.1 and 6.2
Nil
Remuneration of the executive director and directors' fees for the non-executive directors.
-
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
-
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 23,000 22,200
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.
Loan Facilities
At the end of the quarter AnaeCo had borrowed $22.2 million (including $4.8 million accrued interest) from Monadelphous Group Limited (MND).
AnaeCo and MND have made arrangements whereby MND continues to provide funding to AnaeCo subject to the terms of the facility. These arrangements include regular review by MND and confirmation of AnaeCo's expenditure and funding requirements on a periodic basis, prior to commitment.
At MND's election the whole or any part of the outstanding loan may be converted to equity in AnaeCo Limited, subject to shareholder approval. The conversion price will be one of (a) the 10 day volume weighted average price of shares in AnaeCo Limited as at the conversion date, (b) the share price applicable to the then most recent rights issue or capital raising undertaken by AnaeCo Limited, or (c) such other price agreed between MND and AnaeCo Limited prior to the finalisation of a notice of meeting pursuant to which AnaeCo shareholder approval is to be sought.
This approval was granted by shareholders at the extraordinary general meeting held on 17 October 2016.
9. | Estimated cash outflows for next quarter | $A'000 |
9.1 | Research and development | 290 |
9.2 | Product manufacturing and operating costs | - |
9.3 | Advertising and marketing | 100 |
9.4 | Leased assets | - |
9.5 | Staff costs | 170 |
9.6 | Administration and corporate costs | 240 |
9.7 | Other (provide details if material) | - |
9.8 | Total estimated cash outflows | 800 |
Anaeco Limited published this content on 31 October 2017 and is solely responsible for the information contained herein.
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Original documenthttp://www.anaeco.com/sites/default/files/App 4C Sep 2017.pdf
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