VGI Health Technology : Quarterly report for the period ending 31 March 2022

Quarterly Report

Name of entity

VGI Health Technology Ltd

ABN 35 111 082 485

Consolidated statement of cash flows

Cash flows related to operating activities

• 1.1 Receipts from customers

• 1.2 Payments for

  • (a) staff costs

  • (b) advertising and marketing

  • (c) research and development

  • (d) leased assets

  • (e) other working capital

• 1.3 Dividends received

• 1.4 Interest and other items of a similar nature received

• 1.5 Interest and other costs of finance paid

• 1.6 Income taxes paid

• 1.7 Other (provide details if material)

Net operating cash flows

Current quarter $A'000	Year to date (9 months) $A'000
12 (195) - (272) - (757) - - (1) - -	12 (640) (1) (789) - (30) - - (40) - 315
(1,213)	(1,173)

Quarter ended ("current quarter")

March 2022

1.8

Net operating cash flows (carried forward)

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 (provide details if material)

  Net investing cash flows

• 1.14 Total operating and investing cash flows

  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 borrowings

• 1.18 Repayment of borrowings

• 1.19 Dividends paid

• 1.20 Other (conversion of convertible notes)

  Net financing cash flows

  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

Current quarter $A'000	Year to date (9_months) $A'000
(1,213)	(1,173)
- - (8) - - - - - - - - - -	- - (51) - - - - - - - - - -
(8)	(51)
(1,221)	(1,224)
- - 1,176 - - -	- - 1,032 - - -
1,176	1,032
(45) 80 -	(192) 227 -
35	35

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	(144)
1.25	Aggregate amount of loans to the parties included in item 1.11	-
1.26	Explanation necessary for an understanding of the transactions

During the Quarter ended 30 September 2021, VTL received $315,137 in Research and Development tax incentives from the Australian Taxation office. This was related to the Research and Development expenditure for the year ended 30 June 2020.

Non-cash financing and investing activities

• 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

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

• 3.1 Loan facilities

• 3.2 Credit standby arrangements

Amount available $A'000	Amount used $A'000
1,700	963
-	-

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.

• 4.1 Cash on hand and at bank

• 4.2 Deposits at call

• 4.3 Bank overdraft

• 4.4 Other (provide details)

  Total: cash at end of quarter (item 1.22)

Current quarter $A'000	Previous quarter $A'000
35	80
35	80

Acquisitions and disposals of business entities

• 5.1 Name of entity

• 5.2 Place incorporation registrationof or

• 5.3 Consideration foracquisition or disposal

• 5.4 Total net assets

• 5.5 Nature of business

Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
N/A	N/A

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 NSX.

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

............................................................

Date:

29 April 2022

(Company secretary)

Print name:Catriona Glover

Notes

• 1. 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 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

  •

  6.2

  - reconciliation of cash flows arising from operating activities to operating profit or loss

  •

  9.2 - itemised disclosure relating to acquisitions

  •

  9.4 - itemised disclosure relating to disposals

  •

  12.1(a) - policy for classification of cash items

  •

  12.3 - disclosure of restrictions on use of cash

  •

  13.1 - comparative information

• 3. Accounting Standards. NSX will accept, for example, the use of International Accounting 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.