Audio Pixels : Appendix 4C - quarterly

Appendix 4C

+Rule 4.7B

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity

AUDIO PIXELS HOLDINGS LIMITED

ABN Quarter ended ("current quarter")

98 094 384 273 31 March 2017

Consolidated statement of cash flows Currentquarter $A'000

1. Cash flows from operating activities

2. Receipts from customers

3. Payments for

   Year to date (3 months) $A'000

   - -

4. research and development

5. product manufacturing and operating costs

   (455) (455)

   - -

6. advertising and marketing (5) (5)

7. leased assets - -

8. staff costs (158) (158)

9. administration and corporate costs (53) (53)

10. Dividends received (see note 3) - -

11. Interest received 25 25

12. Interest and other costs of finance paid (60) (60)

13. Income taxes paid - -

14. Government grants and tax incentives - -

15. Other (provide details if material) - -

    1.9 Net cash from / (used in) operating activities (706) (706)
16. Cash flows from investing activities

17. Payments to acquire:

18. property, plant and equipment

    (130) (130)

19. businesses (see item 10) - -

20. investments - -

    Consolidated statement of cash flows Currentquarter $A'000 Year to date (3 months) $A'000

21. intellectual property - -

22. other non-current assets - -

23. Proceeds from disposal of:

24. property, plant and equipment - -

25. businesses (see item 10) - -

26. investments - -

27. intellectual property - -

28. other non-current assets - -

29. Cash flows from loans to other entities - -

30. Dividends received (see note 3) - -

31. Other (provide details if material) - -

    2.6 Net cash from / (used in) investing activities (130) (130)
32. Cash flows from financing activities

33. Proceeds from issues of shares - -

34. Proceeds from issue of convertible notes - -

35. Proceeds from exercise of share options - -

36. Transaction costs related to issues of - - shares, convertible notes or options

37. Proceeds from borrowings - -

38. Repayment of borrowings - -

39. Transaction costs related to loans and - - borrowings

40. Dividends paid - -

41. Other (provide details if material) - -

3.10 Net cash from / (used in) financing - - activities

4.	Net increase / (decrease) in cash and cash equivalents for the period
4.1	Cash and cash equivalents at beginning of quarter/year to date	5,084	5,084
4.2	Net cash from / (used in) operating activities (item 1.9 above)	(706)	(706)
4.3	Net cash from / (used in) investing activities (item 2.6 above)	(130)	(130)
4.4	Net cash from / (used in) financing activities (item 3.10 above)	-	-

Consolidated statement of cash flows Currentquarter $A'000 Year to date (3 months) $A'000

4.5 Effect of movement in exchange rates on cash held

4.6 Cash and cash equivalents at end of quarter

(44) (44)

4,204 4,204
1. 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

2. Bank balances 414 484

3. Call deposits 3,790 4,500

4. Bank overdrafts -

5. Other (provide details) -

   5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 4,204 5,084
6. Payments to directors of the entity and their associates Currentquarter $A'000

7. Aggregate amount of payments to these parties included in item 1.2 45

8. Aggregate amount of cash flow from loans to these parties included - in item 2.3

9. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

   The amount included in Item 6.1 includes directors fees and superannuation paid to entities associated with non-executive directors of $37,230 and consulting fees to entities associated with non-executive directors of $7,500.

10. Payments to related entities of the entity and their associates Current quarter $A'000

11. Aggregate amount of payments to these parties included in item 1.2 -

12. Aggregate amount of cash flow from loans to these parties included - in item 2.3

13. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

14. 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

15. Loan facilities - -

16. Credit standby arrangements - -

17. Other (please specify) - -

18. 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.

As announced to the market on 28 December 2016, the holders of the two unsecured convertible notes of $1.5m each, earning 8% interest per annum, have agreed to extend the expiry dates of their convertible notes from 31 December 2016 to 31 December 2017. The extension of the convertible note held by 4F Investments Pty Limited, a company controlled by the Chairman, Mr Fred Bart, will require shareholder approval at the next Annual General Meeting on 31 May 2017.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Research and development	400
9.2	Product manufacturing and operating costs	160
9.3	Advertising and marketing	20
9.4	Leased assets	-
9.5	Staff costs	170
9.6	Administration and corporate costs	150
9.7	Other (provide details if material)	-
9.8	Total estimated cash outflows	900

1. Acquisitions and disposals of business entities (items 2.1(b) and 2.2(b) above)

2. Name of entity

3. Place of incorporation or registration

4. Consideration for acquisition or disposal

5. Total net assets

6. Nature of business

Acquisitions Disposals