Impelus : 31/12/21 Quarterly Activities Appendix 4C & Cashflow report

For personal use only

ASX ANNOUNCEMENT

28 February 2022

IMPELUS LIMITED DECEMBER 2021 QUARTERLY ACTIVITIES REPORT AND

APPENDIX 4C

Highlights

• On 17 November 2021, Impelus Limited announced that the Deed of Company Arrangement (DOCA) has been wholly effectuated.
• With the execution of the DOCA, the final payments have been distributed to the creditors. All liabilities were eliminated afterwards.
• Cash and cash equivalents at the end of the December were $81,744 - a reduction of $111,436 from the previous quarter.
  Principal Activities
  Since leaving voluntary administration from 17 November 2021, the directors are reviewing operations and developing a plan for the business going forward.
  Payments to related parties of the entity and their associates
  During December 2021 Quarter, Impelus has not paid any director's fees or superannuation.
  FOR FURTHER INFORMATION, PLEASE CONTACT:
  Mr Madhukar Bhalla Company Secretary Impelus Limited [e-mail]

IMPELUS LIMITED (ABN 089 805 416)

For personal use only

Appendix 4C

Quarterly cash flow report for entities

subject to Listing Rule 4.7B

Name of entity

Impelus Limited
ABN	Quarter ended ("current quarter")
24 089 805 416	31 December 2021

Consolidated statement of cash flows	Current quarter	Year to date (6
			$A'000	months)
				$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	10	10
1.2	Payments for
	(a)	research and development	0	0
	(b) product manufacturing and operating	(62)	(62)
		costs
	(c)	advertising and marketing	0	0
	(d)	leased assets	0	0
	(e)	staff costs	(83)	(83)
	(f) administration and corporate costs	(58)	(70)
1.3	Dividends received (see note 3)	0	0
1.4	Interest received	0	0
1.5	Interest and other costs of finance paid	0	0
1.6	Income taxes paid	0	0
1.7	Government grants and tax incentives	0	0
1.8	Other (provide details if material)	0	0
1.9	Net cash from / (used in) operating	(193)	(205)
	activities

For personal use only

Consolidated statement of cash flows	Current quarter	Year to date (6
			$A'000	months)
				$A'000
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a)	entities	0	0
	(b)	businesses	0	0
	(c)	property, plant and equipment	0	0
	(d)	investments	0	0
	(e)	intellectual property	0	0
	(f)	other non-current assets	0	0
2.2	Proceeds from disposal of:
	(a)	entities	0	0
	(b)	businesses	0	0
	(c)	property, plant and equipment	0	0
	(d)	investments	0	0
	(e)	intellectual property	0	0
	(f)	other non-current assets	0	0
2.3	Cash flows from loans to other entities	0	0
2.4	Dividends received (see note 3)	0	0
2.5	Other (provide details if material)	0	0
2.6	Net cash from / (used in) investing	0	0
	activities

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities

	(excluding convertible debt securities)	82	82
3.2	Proceeds from issue of convertible debt	0	0
	securities
3.3	Proceeds from exercise of options	0	0
3.4	Transaction costs related to issues of	0	0
	equity securities or convertible debt
	securities
3.5	Proceeds from borrowings	0	0
3.6	Repayment of borrowings	0	0
3.7	Transaction costs related to loans and	0	0
	borrowings
3.8	Dividends paid	0	0

use only

Consolidated statement of cash flows	Current quarter	Year to date (6
		$A'000	months)
			$A'000
3.9	Finance Lease payment	0	0
3.10	Net cash from / (used in) financing	82	82
	activities

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

4.1 Cash and cash equivalents at beginning of

	period	193	205
4.2	Net cash from / (used in) operating	(193)	(205)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	0	0
	(item 2.6 above)

1. Net cash from / (used in) financing activities (item 3.10 above)
2. Effect of movement in exchange rates on cash held
3. Cash and cash equivalents at end of period

82

0

8282

For personal

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	82	193
5.2	Call deposits	0	0
5.3	Bank overdrafts	0	0
5.4	Other (provide details)	0	0
5.5	Cash and cash equivalents at end of	82	193
	quarter (should equal item 4.6 above)

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	0
	associates included in item 1

6.2	Aggregate amount of payments to related parties and their	0
	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.

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. Personal Loan
4. Total financing facilities

Total facility	Amount drawn at
amount at quarter	quarter end
end	$A'000
$A'000
0	0
0	0
0	0
0	0

For personal use

7.5

Unused financing facilities available at quarter end

0

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.

8.	Estimated cash available for future operating activities	$A'000
8.1	Net cash from / (used in) operating activities (Item 1.9)	(193)
8.2	Cash and cash equivalents at quarter end (Item 4.6)	193
8.3	Unused finance facilities available at quarter end (Item 7.5)	0
8.4	Total available funding (Item 8.2 + Item 8.3)	0
8.5	Estimated quarters of funding available (item 8.4 divided by	1
	item 8.1)
	Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a
	figure for the estimated quarters of funding available must be included in item 8.5.

8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer: No. The cash outflows in December 2021 quarter were the final distributions to the creditors under Deed of Company Arrangement. After these final payments, the company has not incurred any new liabilities.

8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: Yes, the Company is in the process of capital raising. It has raised for $82,000 in December Quarter and are expected to raise more.

8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: Yes. After the restructure of the Company with the DOCA, all liabilities have been

eliminated. As announced to ASX on 27 January 2022, Impelus Limited is considering acquiring a new business that requires compliance with Chapter 1 and Chapter 2 of the ASX.