Acumentis : Quarterly Appendix 4C Cash Flow Report

For personal use only

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Acumentis Group Limited (ASX: ACU)

ABN	Quarter ended ("current quarter")
50 102 320 329	June 2022

Consolidated statement of cash flows	Current	Year to date
			quarter	(12 months)
			$A'000	$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	16,552	59,867
1.2	Payments for
	(a)	research and development	-	-
	(b) product manufacturing and operating costs	-	-
	(c)	advertising and marketing	-	-
	(d)	leased assets	(505)	(1,668)
	(e)	staff costs	(10,757)	(40,993)
	(f) administration and corporate costs	(4,333)	(13,034)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	2	9
1.5	Interest and other costs of finance paid	(87)	(317)
1.6	Income taxes received / (paid)	(170)	(170)
1.7	Government grants and tax incentives	-	-
1.8	Other (provide details if material)
	-	GST paid	(762)	(4,082)
	-	Sub-lease rental income	88	267
	-	Other	-	-
1.9	Net cash from / (used in) operating activities	28	(121)

ASX Listing Rules Appendix 4C (17/07/20)	Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.

personal use only

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current	Year to date
			quarter	(12 months)
			$A'000	$A'000
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a)	Entities (including deferred consideration)	-	(866)
	(b)	businesses	-	-
	(c)	property, plant and equipment	(397)	(1,064)
	(d)	investments (term-deposits net change)	(82)	(87)
	(e)	intellectual property	-	-
	(f)	other non-current assets	-	-
2.2	Proceeds from disposal of:
	(a)	entities	-	-
	(b)	businesses	-	-
	(c)	property, plant and equipment	-	-
	(d)	investments	-	-
	(e)	intellectual property	-	-
	(f)	other non-current assets	-	-
2.3	Cash flows from loans to other entities	1	(170)
2.4	Dividends received (see note 3)	-	-
2.5	Other (repayment of consideration re acquisition	-	28
	of Saunders & Pitt in April 2021)
2.6	Net cash from / (used in) investing activities	(478)	(2,159)

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities (excluding convertible debt securities)

3.2 Proceeds from issue of convertible debt securities

3.3 Proceeds from exercise of options

3.4 Transaction costs related to issues of equity or convertible debt securities

-	-
-	-
-	-
-	-

For

3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	(228)	(440)
3.7	Transaction costs related to loans and borrowings	-	-
3.8	Dividends paid (paid by Acumentis (WA) and	-	(110)
	relates to pre-acquisition period)
3.9	Other (provide details if material)	-	-
3.10	Net cash from / (used in) financing activities	(228)	(550)

ASX Listing Rules Appendix 4C (17/07/20)	Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

use only

Consolidated statement of cash flows	Current	Year to date
	quarter	(12 months)
	$A'000	$A'000

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of period

1,534

3,686

4.2 Net cash from / (used in) operating activities

	(item 1.9 above)	28	(121)
4.3	Net cash from / (used in) investing activities
	(item 2.6 above)	(478)	(2,159)

4.4 Net cash from / (used in) financing activities

(item 3.10 above)

(228)

(550)

4.5 Effect of movement in exchange rates on cash

	held	-	-
4.6	Cash and cash equivalents at end of period	856	856

5.	Reconciliation of cash and cash	Current quarter	Previous
	equivalents	$A'000	quarter
	at the end of the quarter (as shown in the		$A'000
	consolidated statement of cash flows) to the
	related items in the accounts

personal

1. Bank balances
2. Call deposits
3. Bank overdrafts
4. Other (provide details)
5. Cash and cash equivalents at end of quarter (should equal item 4.6 above)

8561,534

--

--

--

8561,534

For

6.	Payments to related parties of the entity and their	Current quarter
	associates	$A'000
6.1	Aggregate amount of payments to related parties and their associates	75
	included in item 1
6.2	Aggregate amount of payments to related parties and their associates	-
	included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

Directors' fees paid.

ASX Listing Rules Appendix 4C (17/07/20)	Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

only

7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

1. Loan facilities
2. Credit standby arrangements
3. Other (provide details)
4. Total financing facilities

Total facility	Amount drawn
amount at	at quarter end
quarter end	$A'000
$A'000
2,300	2,300
1,700	-
-	-
4,000	2,300

For personal use

7.5	Unused financing facilities available at quarter end	1,700

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

Loan facilities

Commercial loan facility from Westpac Bank Limited secured with fixed and floating charge over the assets and business of Acumentis and carrying interest at BBSY + 2.35% (currently 3.10%). In addition to interest, a 1% line fee is charged.

The loan is amortised at $75,000 per month and is subject to annual review with the next review due on 30 September 2022.

Credit standby arrangements

Commercial overdraft facility from Westpac Bank Limited secured with fixed and floating charge over the assets and business of Acumentis and carrying interest at the banks commercial base rate (currently 5.54%). In addition to interest, a 1% line fee is charged.

There is no maturity date for the commercial overdraft facility, however it is subject to annual review with the next review due on 30 September 2022.

ASX Listing Rules Appendix 4C (17/07/20)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

8.

Estimated cash available for future operating activities

$A'000

For personal use only

8.1	Net cash from / (used in) operating activities (item 1.9)	28
8.2	Cash and cash equivalents at quarter end (item 4.6)	856
8.3	Unused finance facilities available at quarter end (item 7.5)	1,700
8.4	Total available funding (item 8.2 + item 8.3)	2,556
8.5	Estimated quarters of funding available (item 8.4 divided by	N/A
	item 8.1)
	Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a
	figure for the estimated quarters of funding available must be included in item 8.5.

8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer:

8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer:

8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer:

Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

ASX Listing Rules Appendix 4C (17/07/20)	Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.