QUESTE COMMUNICATIONS LTD Queste Communications Ltd | January 2020 | Monthly Cash Flow Report |
and Controlled Entity | ||
January 2020
Monthly Cash Flow Report
Name of entity:
QUESTE COMMUNICATIONS LTD and controlled entity
ACN or ARBN | Month Ended | |
081 688 164 | 31 January 2020 |
Consolidated statement of cash flows | Company | Consolidated | |||
Current Month | Year to Date | Current Month | Year to Date | ||
Jan-20 | 7 months | Jan-20 | 7 months | ||
Cash flows related to operating activities | $' 000 | $' 000 | $' 000 | $' 000 | |
1.1 | Receipts from customers | - | - | - | 19 |
1.2 | Payments for | ||||
(a) staff costs | 1 | (76) | 1 | (398) | |
(b) advertising and marketing | - | - | - | - | |
(c) research and development | - | - | - | - | |
(d) leased assets | - | - | - | - | |
(e) other working capital | (1) | (35) | (14) | (153) | |
1.3 | Dividends received | - | - | - | - |
1.4 | Interest and other items of a similar nature received | - | 1 | - | 3 |
1.5 | Interest and other costs of finance paid | - | - | - | - |
1.6 | Income taxes (paid)/refund | - | - | - | - |
1.7 | Other (provide details if material) | - | 28 | - | 28 |
- Security bond returned | |||||
Net operating cash flows | |||||
- | (82) | (13) | (501) |
Notes:
The Company currently has a 59.86% (31 December 2019: 59.86%) interest in ASX listed investment company, Orion Equities Limited ("OEQ"). OEQ is a controlled entity of the Company under the Accounting Standards. Therefore, the Consolidated columns in this Monthly Cash Flow Report takes into account the cash flows of the Company and its controlled entity, including OEQ.
Queste Communications Ltd (ABN 58 081 688 164) | |
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 | |
Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701 | Page 1 |
Queste Communications Ltd | January 2020 | Monthly Cash Flow Report | |||||
and Controlled Entity | |||||||
Company | Consolidated | ||||||
Current Month | Year to Date | Current Month | Year to Date | ||||
Jan-20 | 7 months | Jan-20 | 7 months | ||||
$' 000 | $' 000 | $' 000 | $' 000 | ||||
1.8 | Net operating cash flows (carried forward) | - | (82) | (13) | (501) | ||
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 | - | (82) | (13) | (501) | ||
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 | - | 50 | - | - | ||
1.18 | Repayment of borrowings | - | - | - | - | ||
1.19 | Dividends paid | - | - | - | - | ||
1.20 | Other (provide details if material) | - | - | - | - | ||
Net financing cash flows | - | 50 | - | - | |||
Net increase (decrease) in cash held | - | (32) | (13) | (501) | |||
1.21 | Cash at beginning of month/year to date | 27 | 59 | 384 | 872 | ||
1.22 | Exchange rate adjustments to item 1.20 | - | - | - | - | ||
1.23 | Cash at end of month | ||||||
27 | 27 | 371 | 371 |
Queste Communications Ltd (ABN 58 081 688 164) | |
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 | |
Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701 | Page 2 |
Queste Communications Ltd | January 2020 | Monthly Cash Flow Report |
and Controlled Entity |
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 Month | ||
Jan-20 | ||
$' 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 Payments for Item 1.24 includes:
Non-cash financing and investing activities
-
Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
None. - Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest
None.
Financing facilities available
Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2). | |||
Amt available | Amount used | ||
$' 000 | $' 000 | ||
3.1 | Loan facilities | 150 | 50 |
3.2 | Credit standby arrangements | - | - |
Note: OEQ and QUE have entered into a Loan Agreement for OEQ to advance up to $150,000 to QUE. The loan is unsecured and matures on 30 June 2020 and accrues interest at 10% pa.
Queste Communications Ltd (ABN 58 081 688 164) | |
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 | |
Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701 | Page 3 |
Queste Communications Ltd | January 2020 | Monthly Cash Flow Report |
and Controlled Entity | ||
Reconciliation of cash | Company | Consolidated | ||||
Reconciliation of cash at the end of the month (as shown in | Current | Previous | Current | Previous | ||
the consolidated statement of cash flows) to the related items | Month | Month | Month | Month | ||
in the accounts is as follows: | $' 000 | $' 000 | $' 000 | $' 000 | ||
4.1 | Cash on hand and at bank | 3 | 3 | 347 | 360 | |
4.2 | Deposits at call | 24 | 24 | 24 | 24 | |
4.3 | Bank overdraft | - | - | - | - | |
4.4 | Other (Bank Bills) | - | - | - | - | |
Total: cash at end of month (item 1.23) | 27 | 27 | 371 | 384 | ||
Acquisitions and disposals of business entities | ||||||
Acquisitions | Disposals | |||||
5.1 | Name of entity | (Item 1.9(a)) | (Item 1.10(a)) | |||
- | - | - | - | |||
5.2 | Place of incorporation or registration | - | - | - | - | |
5.3 | Consideration for acquisition or disposal | - | - | - | - | |
5.4 | Total net assets | - | - | - | - | |
5.5 | Nature of business | - | - | - | - |
Compliance statement
- This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX.
- This statement does give a true and fair view of the matters disclosed.
Date: 14 February 2020
Victor Ho
Executive Director & Company Secretary
The Companycurrently holds the following listed share investments.
31-Jan-20 | |||||
No Shares/Units | % Interest | Last Bid Price | Market Value | ||
Shares in Orion Equities Limited (OEQ) | 9,367,653 | 59.86 % | $0.074 | $693,206 | |
Shares in Bentley Capital Limited (BEL) | 1,225,752 | 1.61 % | $0.040 | $49,030 | |
$742,236 | |||||
The above investments are regarded as liquid assets to supplement the Company's cash reserves.
FOR FURTHER INFORMATION
Victor Ho
Company Secretary
T| (08) 9214 9777 E| cosec@queste.com.au
Queste Communications Ltd (ABN 58 081 688 164) | |
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005 | |
Telephone: (08) 9214 9777 Email: info@queste.com.au Facsimile: (08) 9214 9701 | Page 4 |
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Queste Communications Limited published this content on 14 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2020 09:13:10 UTC
