For personal use only

ASX Release

22 February 2022

Amendment to Appendix 4C

December 2021 Quarterly Cashflow Report

Spenda Limited wishes to advise that the Appendix 4C for the quarter ended 31 December 2021, released on 31 January 2022, has been amended to reflect the reclassification of the $1m mezzanine debt payment, from investing activities to financing activities.

This amendment is to align the categorization of this transaction, with the 31 December 2021 Half Yearly Report, which was released today.

There have been no further changes.

ENDS

Authorised by:

Justyn Stedwell

Company Secretary

Suite 103, Level 1, 2 Queen Street, Melbourne VIC 3000

For personal use only

Rule 4.7B

Appendix 4C

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

Name of entity

Cirralto Limited

ABN

Quarter ended ("current quarter")

67 099 084 143

31 December 2021

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(6 months)

$A'000

1.

Cash flows from operating activities

1.1

Receipts from customers

615

1,011

1.2

Payments for

(a)

research and development

-

-

(b) product manufacturing and operating

(23)

(124)

costs

(c)

advertising and marketing

(125)

(164)

(d)

leased assets

(3)

(7)

(e)

staff costs

(1,551)

(3,008)

(f) administration and corporate costs

(1,218)

(2,425)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

8

18

1.5

Interest and other costs of finance paid

(139)

(219)

1.6

Income taxes paid

(690)

(930)

1.7

Government grants and tax incentives

-

-

1.8

Other (provide details if material)

-

18

1.9

Net cash from / (used in) operating

(3,126)

(5,830)

activities

ASX Listing Rules Appendix 4C (17/07/20)Page 1 + 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

2. Cash flows from investing activities

For personal use only

2.1

Payments to acquire or for:

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

(38)

(92)

(d)

investments

-

-

(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

Net Cash flows from loans to other entities

(1,944)

(2,543)

2.4

Dividends received (see note 3)

-

-

2.5

Other (provide detail if material)

-

929

2.6

Net cash from / (used in) investing

(1,982)

(1,706)

activities

Note to support item 2.3

The Company had a net outflow in respect to its loan book with external customers totalling $1,944 for the quarter.

Note to support item 2.5

In the previous quarter, the Company assumed $929k cash and cash equivalents on the acquisition of Invigo Pty Ltd, as announced by the Company on 26 July 2021.

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

3. Cash flows from financing activities

For personal use only

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

169

183

3.4

Transaction costs related to issues of

-

-

equity securities or convertible debt

securities

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings

(1,000)

(1,000)

3.7

Transaction costs related to loans and

-

-

borrowings

3.8

Dividends paid

-

-

3.9

Other (Listed Option entitlement issue)

-

-

3.10

Net cash from / (used in) financing

(831)

(817)

activities

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

4.1 Cash and cash equivalents at beginning of

period

18,972

21,386

4.2

Net cash from / (used in) operating

(3,126)

(5,830)

activities (item 1.9 above)

4.3

Net cash from / (used in) investing activities

(1,982)

(1,706)

(item 2.6 above)

4.4

Net cash from / (used in) financing activities

(831)

(817)

(item 3.10 above)

4.5 Effect of movement in exchange rates on cash held

4.6

Cash and cash equivalents at end of

13,033

13,033

period

5.

Reconciliation of cash and cash

Current quarter

Previous quarter

equivalents

$A'000

$A'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

13,033

18,972

5.2

Call deposits

-

-

5.3

Bank overdrafts

-

-

5.4

Other (provide details)

-

-

5.5

Cash and cash equivalents at end of

13,033

18,972

quarter (should equal item 4.6 above)

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

For personal use only

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

168

associates 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.

Item 6.1 relates to payments to directors, including director's remuneration, director bonus paid and director's superannuation

7.

Financing facilities

Total facility

Amount drawn at

Note: the term "facility' includes all forms of financing

amount at quarter

quarter end

arrangements available to the entity.

end

$

Add notes as necessary for an understanding of the

$

sources of finance available to the entity.

7.1

Loan facilities

10,000,000

4,317,317

7.2

Credit standby arrangements

-

-

7.3

Other (please specify)

-

-

7.4

Total financing facilities

10,000,000

4,317,317

7.5

Unused financing facilities available at quarter end

5,682,683

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.

$10m unsecured facility with Moneytech Finance Pty Ltd with a margin rate of 1.91% per annum plus the base rate of 6.27%, and a monthly line fee of $6,475 at a term of 36 months.

$999,975 funding from various Mezzanine holders with an interest rate of 15% per annum was repaid during the quarter and included under section 3.6.

The repayment of the Mezzanine holders during the quarter ended 31 December 2021, resulted in an immediate saving of $150k per annum in interest repayments.

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

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Cirralto Limited published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 06:00:06 UTC.