Energy World : Quarterly Activities/Appendix 4C Cash Flow Report

ENERGY WORLD CORPORATION LTD.

9A Seaforth Crescent	Tel:	(61 2) 9247 6888
Seaforth, NSW, 2092	Fax:	(61 2) 9247 6100

For personal use only

28th January 2022

The Manager

ASX Company Announcements

ASX Limited

Total no. of page(s): 1 + 5

ACTIVITY STATEMENT

Activity Report:

In connection with the Appendix 4C; Quarterly Cash Flow Report entities subject to listing rule 4.7B, the Directors are pleased to give the following report on the activities undertaken during the past quarter ending 31st December 2021.

During this period, the Company has continued to implement all of the necessary and suggested recommendations of national and local regional level governments in all areas where it is working in relation to the ongoing COVID-19 Coronavirus Pandemic.

Our business operations and activities are described in the 2021 Annual Report and the previous Appendix 4C released on 29th October 2021. Expenses incurred during the quarter includes PT Energi Sengkang payment for gas purchases, power plant operation and maintenance costs (for Indonesia), staff costs, business administration, site security costs, and where possible, preservation of assets on project development sites, in Philippines and Indonesia.

Within the Appendix 4C (item 6.1), we disclosed payment to related parties of USD3.460 million. This relates to payments to PT. CEPA for the O&M Contract for the Sengkang Power Plant.

As already announced to shareholders, the Company made its final repayment of its loan from Augusta Investments I Pte Ltd and, on 22nd October 2021, its subsidiary in Indonesia, PT Energi Sengkang (PTES) made its final loan repayment to the Development Finance Institutions under the PTES loan facility.

Yours faithfully,

For and on behalf of

ENERGY WORLD CORPORATION LTD.

Brian Allen

Executive Director

REGISTERED OFFICE ADDRESS

9A Seaforth Crescent, Seaforth NSW 2092, Australia.

Tel : [phone] Fax : [phone]

A.C.N. 009 124 994

For personal use only

Rule 4.7B

Appendix 4C

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

Name of entity

Energy World Corporation Ltd
ABN	Quarter ended ("current quarter")
34009124994	31 December 2021

Consolidated statement of cash flows	Current quarter	Year to date (6
			$US'000	months)
				$US'000
1.	Cash flows from operating activities
1.1	Receipts from customers	44,047	84,500
1.2	Payments for
	(a)	research and development	-	-
	(b)	product manufacturing and operating	(15,005)	(28,288)
		costs
	(c)	advertising and marketing	-	-
	(d)	leased assets	(83)	(198)
	(e)	staff costs	(2,914)	(5,533)
	(f) administration and corporate costs	(6,451)	(11,754)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	2	4
1.5	Interest and other costs of finance paid	(4,397)	(5,811)
1.6	Income taxes paid	(4,853)	(11,043)
1.7	Government grants and tax incentives	-	-
1.8	Other (provide details if material)	-	-
1.9	Net cash from / (used in) operating	10,346	21,877
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)	entities	-	-
	(b)	businesses	-	-
	(c) property, plant and equipment	(383)	(2,685)
	(d)	investments	-	-
	(e)	intellectual property	-	-
	(f)	other non-current assets		(559)

ASX Listing Rules Appendix 4C (01/12/19)	Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

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

Consolidated statement of cash flows	Current quarter	Year to date (6
			$US'000	months)
				$US'000
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	-	-
2.4	Dividends received (see note 3)	17	17
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investing	(368)	(3,277)
	activities

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 securities or convertible debt
	securities
3.5	Proceeds from borrowings	3,373	3,373
3.6	Repayment of borrowings	(36,613)	(40,972)
3.7	Transaction costs related to loans and		(106)
	borrowings
3.8	Dividends paid	-	-
3.9	Other (Transfer from / (to) Reserve	6,339	6,798
	Accounts)
3.10	Net cash from / (used in) financing	(26,901)	(30,907)
	activities

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

4.1 Cash and cash equivalents at beginning of

	period	19,882	15,441
4.2	Net cash from / (used in) operating	10,346	21,877
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(368)	(3,277)
	(item 2.6 above)

ASX Listing Rules Appendix 4C (01/12/19)	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

For personal use only

Consolidated statement of cash flows	Current quarter	Year to date (6
		$US'000	months)
			$US'000
4.4	Net cash from / (used in) financing activities	(26,901)	(30,907)
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	(137)	(362)
	cash held
4.6	Cash and cash equivalents at end of	2,822	2,822
	period
5.	Reconciliation of cash and cash	Current quarter	Previous quarter
	equivalents	$US'000	$US'000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	2,822	19,882
5.2	Call deposits
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of	2,822	19,882
	quarter (should equal item 4.6 above)
6.	Payments to related parties of the entity and their	Current quarter
	associates		$US'000
6.1	Aggregate amount of payments to related parties and their	3,460
	associates included in item 1
6.2	Aggregate amount of payments to related parties and their	Nil
	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

ASX Listing Rules Appendix 4C (01/12/19)	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 (please specify)
4. Total financing facilities

Total facility	Amount drawn at
amount at quarter	quarter end
end	$US'000
$US'000
602,500	595,857
5,000	3,373
-	-
607,500	599,230

For personal use

7.5

Unused financing facilities available at quarter end

8,270

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.

			Facility
			amount	Interest	Maturity	Secured /
Borrower	Lender	US$'000	Rate	Date	Unsecured
Energy World	Hongkong and Shanghai		LIBOR +
Corporation Ltd	Banking Corporation Ltd	51,000	0.5%	14-Jun-22	Secured
Energy World	Energy World International
Corporation Ltd	Ltd	73,000	6%	30-Jun-24	Secured
Energy World	Slipform Engineering
Corporation Ltd	International (HK) Ltd	432,512	6%	30-Jun-24	Secured
		Standard Chartered Bank,
Energy Equity Epic	Nataxis Bank and Mizuho
(Sengkang) Pty Ltd	Corporate Bank Ltd	33,238	4.67825%	30-Sep-22	Secured
Energy World Gas	Land Bank of the Philippines
Operations	and Standard Chartered
Philippines Inc	Bank, Philippines Branch	12,750	6.42290% 14-Jun-23 Secured
		Hongkong and Shanghai		Bank's Best
Energy World	Banking Corporation Ltd -		Lending
Corporation Ltd	Overdraft facility	5,000	Rate	15-Jun-22	Secured
8.	Estimated cash available for future operating activities	$US'000
8.1	Net cash from / (used in) operating activities (Item 1.9)		10,346
8.2	Cash and cash equivalents at quarter end (Item 4.6)			2,822
8.3	Unused finance facilities available at quarter end (Item 7.5)			8,270
8.4	Total available funding (Item 8.2 + Item 8.3)			11,092
8.5	Estimated quarters of funding available (Item 8.4 divided by		1.072
	Item 8.1)

ASX Listing Rules Appendix 4C (01/12/19)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.