BIOXYNE LIMITED 
By 31st January 2014
December 2013 Quarterly update and Appendix 4CHighlights
Continued focus on cash flow management
Continued strong sales of Probiotics products
Announced signing of Heads of Agreement on sale of HI 164
In the quarter ending 31 December 2013 the focus of management was on continued cash flow management through generating sales and minimising operating costs.
The quarter saw the continuation of strong sales from the probiotics business (PCC®), with revenue above expectation. This impacted positively on the company's working capital.
Your Board continues to evaluate projects that may be appropriate for the company. The company has also signed a non binding heads of agreement for the divestment of the company's Hi 164 project. Completion of the divestment is expected in Q1, 2014 when $158,000 is due to be received.
For more information, please contact: Tony Ho
Chairman
Bioxyne Limited
Mobile: +61 417345839 www.bioxyne.com
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Appendix 4C Quarterly report for entities admitted on the basis of commitmentsIntroduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10
Name of entity
Bioxyne Limited
ABN Quarter ended ("current quarter")
97 084 464 193 31 December 2013
Cash flows related to operating activities | Current quarter $A'000 | Year to date (6 months) $A'000 | |
1.1 | Receipts from customers | 439 | 802 |
1.2 | Payments for (a) staff costs (b) advertising and marketing (c) research and development (d) leased assets (e) cost of goods sold (f) other working capital | - - - - (237) (212) | - - (16) - (420) (533) |
1.3 | Dividends received | ||
1.4 | Interest and other items of a similar nature received | 2 | 2 |
1.5 | Interest and other costs of finance paid | (2) | (2) |
1.6 | Income taxes paid | ||
1.7 | Other (R&D Tax Concession Proceeds) | 371 | 371 |
Net operating cash flows | 361 | 204 |
+ See chapter 19 for defined terms.
Appendix 4C Page 1
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Current quarter $A'000 | Year to date (6 months) $A'000 | |
1.8 Net operating cash flows (carried forward) | 361 | 204 |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (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 - deposit on sale of Hi-164 Net investing cash flows 1.14 Total operating and investing cash flows | 17 | 17 |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (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 - deposit on sale of Hi-164 Net investing cash flows 1.14 Total operating and investing cash flows | 17 | 17 |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (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 - deposit on sale of Hi-164 Net investing cash flows 1.14 Total operating and investing cash flows | 378 | 221 |
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from issue of convertible notes 1.18 (Repayment)/Proceeds of borrowings 1.19 Dividends paid 1.20 Cost of issuing equity Net financing cash flows | (50) | - |
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from issue of convertible notes 1.18 (Repayment)/Proceeds of borrowings 1.19 Dividends paid 1.20 Cost of issuing equity Net financing cash flows | (50) | - |
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter | 328 97 4 | 221 211 (3) |
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter | 429 | 429 |
+ See chapter 19 for defined terms.
Appendix 4C Page 2
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 -
1.25 Aggregate amount of loans to the parties included in item 1.11 -
1.26 Explanation necessary for an understanding of the transactions
Shares were issued in the period to Directors in lieu of cash remuneration as approved by members at EGM on 23 December 2013.
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
Add notes as necessary for an understanding of the position.
3.1 Loan facilities
3.2 Credit standby arrangements
+ See chapter 19 for defined terms.
Appendix 4C Page 3
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Reconciliation of cashReconciliation 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 | 429 | 97 |
4.2 | Deposits at call | - | - |
4.3 | Bank overdraft | - | - |
4.4 | Other (provide details) | - | - |
Total: cash at end of quarter (item 1.23) | 429 | 97 |
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
+ See chapter 19 for defined terms.
Appendix 4C Page 4
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
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 give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 31 January 2013 (Director/Company secretary)
Print name: Jarrod T White
+ See chapter 19 for defined terms.
Appendix 4C Page 5
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
Notes1. 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 107: Statement of Cash Flows apply to this report except for any additional disclosure requirements requested by AASB 107 that are not already itemised in this report.
3. Accounting Standards. ASX will accept, for example, the use of International Financial Reporting 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.
+ See chapter 19 for defined terms.
Appendix 4C Page 6
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