Material movements in cash since 30 September 2016
The FY16 Research and Development Tax Rebate of $777k was received on 10 October 2016.
Material movements in cash - Quarter 2 to Quarter 4 FY17
Repayment of $1.345m in Convertible Notes redeemed on or prior to 15 August 2016 is scheduled to occur on 13 November 2016.
Repayment of a further $0.500m in Convertible Notes may be payable in February 2017, if not converted to ordinary shares (at $0.00938 per share) by 19 November 2016.
Net cash from operating activities
Net cash from operating activities improved by $1.029m over Quarter 1 FY16, from a
$1.126m shortfall to an effective break-even outcome of $0.096m shortfall.
Operating cash flow was positively impacted by;
$290k (22%) reduction in trade receivables
$746k (103%) increase in revenue from trading activities
This was partly offset by a ramp up in testing costs for the new Terra Dura brake, which is currently being beta tested by a number of customers.
Cashflow from financing activities
During July and August 2016, a net of $2.500m was received via a share placement to institutions and sophisticated investors.
Funds received from the placement will be used to:
Fund repayment of Convertible Notes
Provide additional working capital to fund future product developments
Appendix 4C
+Rule 4.7B
Quarterly report for entities subject to Listing Rule 4.7B
other non-current assets Proceeds from disposal of:
property, plant and equipment
businesses (see item 10)
investments
intellectual property
other non-current assets
Cash flows from loans to other entities Dividends received (see note 3)
Other (provide details if material)
Net cash from / (used in) investing activities
(5)
-
-
-
-
55
-
-
-
-
-
-
-
(5)
-
-
-
-
55
-
-
-
-
-
-
-
2.1
2.2
2.3
2.4
2.5
2.6
50
50
Cash flows from financing activities
Proceeds from issues of shares
Proceeds from issue of convertible notes
Proceeds from exercise of share options
Transaction costs related to issues of shares, convertible notes or options
Proceeds from borrowings
Repayment of borrowings
Transaction costs related to loans and borrowings
Dividends paid
Other (provide details if material)
3.10 Net cash from / (used in) financing activities
2,700
- 1
(183)
-
-
-
-
-
2,700
- 1
(183)
-
-
-
-
-
2,518
2,518
Advanced Braking Technology Ltd. published this content on 14 October 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 October 2016 00:59:01 UTC.
Original documenthttp://clients2.weblink.com.au/clients/advancedbraking/article.asp?asx=ABV&view=6794303
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Advanced Braking Technology Ltd designs, manufactures and distributes its braking solutions worldwide. The Companyâs principal activities are research and development, commercialization, manufacture and installation of the Failsafe wet sealed braking systems. It also produces a fully sealed, dry wheel-end range called Terra Dura and specialized hill hold/park brake solutions. Its braking technologies are engineered to address common shortcomings of standard braking systems with solutions for reducing downtime, failsafe / emergency braking, hill hold / park brake systems, heavy trailer brakes, autonomous vehicles, electric vehicles, zero emissions, driveline brakes and others. It supplies brakes to all seven continents for applications including mining, civil construction, military, freight, agriculture, and recreational/enthusiast off road vehicles. Its range of advanced brake solutions includes Terra Dura, Terra Dura X, Failsafe, Failsafe Emergency and hill hold options.
ADVANCED BRAKING TECHNOLOGY LIMITED 
