Antaria : Appendix 4C - quarterly 31 December 2015

[To go on Advanced Nanotechnology Letterhead]

Antaria Limited ACN: 079 845 855 108 Radium Street, Welshpool Western Australia, 6106 Tel: [phone] Fax: [phone]

ASX ANNOUNCEMENT 29 JANUARY 2016

(ASX: ANO)

APPENDIX 4C - QUARTERLY REPORT FOR ENTITIES ADMITTED ON THE BASIS OF COMMITMENTS

Name of entity	Antaria Limited
ABN	54 079 845 855
Quarter ended	31 December 2015 ("Current Quarter")

CONSOLIDATED STATEMENT OF CASH FLOWS

Current Quarter (3 months) $A	Year to date (6 months) $A
Cash flows related to operating activities	692,930	2,454,559
1.1 Receipts from customers
1.2 Payments for (a) staff costs (excluding R&D staff costs)	(254,006)	(500,708)
(b) advertising and marketing	(10,457)	(39,799)
(c) R&D (including staff costs)	(116,545)	(212,952)
(d) other working capital	(629,178)	(1,784,519)
1.3 Dividends received	-	-
1.4 Interest and other items of a similar nature received	56	8,835
1.5 Interest and other costs of finance paid	-	-
1.6 Income taxes (R&D credit)	-	207,672
1.7 Other - contract research and development	-	-
1.8 Net operating cash flows	(317,200)	133,088
Cash flows related to investing activities Payments for acquisition of: businesses (item 5) equity investments intellectual property (including capitalised development costs) physical non-current assets other non-current assets Proceeds from disposal of: businesses (item 5) equity investments intellectual property physical non-current assets other non-current assets
	-	-
	-	-
	-	-
	(8,720)	(34,402)
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-

CONSOLIDATED STATEMENT OF CASH FLOWS cont.

Current Quarter (3 months) $A	Year to date (6 months) $A
Cash flows related to investing activities (continued) Loans to other entities Loans repaid by other entities Other Net investing cash flows
	-	-
	-	-
	-	-
	(8,720)	(34,402)
1.14 Total operating and investing cash flows	(325,920)	98,686
Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other - share issue costs Net financing cash flows
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
Net increase (decrease) in cash held Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.21 Cash at end of quarter	(325,920) 1,065,340 (68,745)	98,686 608,223 (36,234)
	670,675	670,675

PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS PAYMENTS TO RELATED ENTITIES OF THE ENTITY AND ASSOCIATES OF THE RELATED ENTITIES

PAYMENTS TO DIRECTORS ETC

1. Explanation necessary for an understanding of the transactions and directors fees

   
   

   Summary of Payments

   Current	Year to
   Note	Quarter	Date
   Payments to directors - salary & fees	(i)	-	-
   Payments to director related entities	(ii)	52,500	105,000
   52,500	105,000

   
   

2. Payments to Directors - Salary & Fees

   During the quarter Rade Dudurovic, Ron Higham and Lev Mizikovsky were directors of the Company. Mr Mizikovsky does not receive director's fees.

   
   

   Payments to the non-executive directors are set out in the table below.

   Current	Year to
   Quarter	Date
   Non-Executive Directors	52,500	105,000
   Executive Directors	-	-
   52,500	105,000

   
   

   
   

   Explanation necessary for an understanding of the transactions and directors fees

   
   

3. Payments to Director Related Entities

A summary of payments to director related entities during the current quarter and year to date is set out in the table following:

Current	Year to
Quarter	Date
Sequent Corporation P/L	31,250	62,500
Ferenna Pty Ltd	21,250	42,500
52,500	105,000

Sequent Pty Ltd is a director related entity of Rade Dudurovic and billed Antaria Limited for director's fees (disclosed within item 1.2(a)).

Ferenna Pty Ltd is a director related entity of Ron Higham and bills Antaria for directors fees (disclosed within item 1.2(a)).

Note: Amounts included above exclude payments to directors and associates for reimbursement of expenses incurred on the Company's behalf.

NON-CASH FINANCING AND INVESTING ACTIVITIES

1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

   
   

   Not applicable

   
   

2. Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

Not applicable

FINANCING FACILITIES AVAILABLE

3.1 Loan facilities	Amount Available $A	Amount Used $A
	-	-
3.2 Credit standby arrangements	-	-

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	Previous Quarter
		$A	$A
4.1	Cash on hand and at bank	665,097	1,059,788
4.2	Deposits at call	5,578	5,552
4.3	Bank overdraft
4.4	Other
Total: cash at end of quarter (item 1.23)		670,675	1,065,340

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 Disposals (Item 1.9(a)) (Item 1.10(a))