FBR : Updated Quarterly Appendix 4C Cash Flow Report

For personal use only

ASX Announcement

FBR Limited

Updated FBR Limited Quarterly Report | December 2021

Friday, 4 February 2022 - Robotic technology company FBR Limited (ASX: FBR) ('FBR' or 'the Company')

provides an amended Quarterly Cashflow Report for the Quarter ended 31 December 2021

The amendment relates only to section 7.6 of the attached Appendix 4C, which now includes additional information on a chattel mortgage and credit card facility in place.

This announcement is authorised by the Company Secretary.

Ends
For more information please contact:
FBR Limited	For media:
Kiel Chivers	Jean Perkins
Chief Commercial Officer	Cannings Purple
T: [phone]	T: [phone]
[e-mail]	[e-mail]

About FBR Limited

FBR Limited (ASX:FBR) designs, develops and builds dynamically stabilised robots to address global needs. These robots are designed to work outdoors using the company's core Dynamic Stabilisation Technology® (DST®).

The first application of DST® is the Hadrian X®, a bricklaying robot designed to build structural walls faster, safer, more accurately and with less wastage than traditional manual methods. The Hadrian X® provides Wall as a Service®, FBR's unique commercial offering, to builders on demand.

To learn more please visit www.fbr.com.au

FBR Limited (ASX:FBR) | ABN 58 090 000 276

[phone] | www.fbr.com.au1

122 Sultana Road West, High Wycombe, Western Australia 6057

For personal use only

Rule 4.7B

Appendix 4C

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

Name of entity

FBR Limited
ABN	Quarter ended ("current quarter")
58 090 000 276	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	39	660
1.2	Payments for
	(a)	Hadrian Development costs	(1,764)	(1,764)
	(b) Staff costs - Hadrian Development	(1,037)	(1,037
	(c) product manufacturing and operating	(319)	(575)
		costs
	(d) advertising and marketing and business	(95)	(200)
		development
	(e)	leased assets	-	-
	(f)	staff costs - administration	(765)	(1,745)
	(g) administration and corporate costs	(916)	(1,635)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	-	-
1.5	Interest and other costs of finance paid	(150)	(159)
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	-	-
1.8	Other (provide details if material)	-	-
1.9	Net cash from / (used in) operating	(5,007)	(6,455)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a)	entities	-	-
	(b)	businesses	-	-
	(c) property, plant and equipment	(43)	(117)
	(d)	investments	-	-

ASX Listing Rules Appendix 4C (17/07/20)	Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

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

Consolidated statement of cash flows	Current quarter	Year to date (6
			$A'000	months)
				$A'000
	(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	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-

2.5 Other (provide details if material)

	- Hadrian Development costs	(426)	(1,198)
	- Staff costs - Hadrian Development	(866)	(2,027)
	- R & D rebate	3,987	3,987
	- Intellectual Property, Patents and	(106)	(239)
	Trademarks
2.6	Net cash from / (used in) investing	2,546	406
	activities

3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities	10,000	10,000
	(excluding convertible debt securities)
3.2	Proceeds from issue of convertible debt	-	-
	securities
3.3	Proceeds from exercise of options	-	-
3.4	Transaction costs related to issues of	(575)	(575)
	equity securities or convertible debt
	securities
3.5	Proceeds from borrowings	903	903
3.6	Repayment of borrowings	(2,469)	(2,469)
3.7	Transaction costs related to loans and	-	-
	borrowings
3.8	Dividends paid	-	-
3.9	Other (provide details if material)	-	-
3.10	Net cash from / (used in) financing	7,859	7,859
	activities

ASX Listing Rules Appendix 4C (17/07/20)	Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

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

Consolidated statement of cash flows	Current quarter	Year to date (6
	$A'000	months)
		$A'000

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

4.1	Cash and cash equivalents at beginning of	7,540	11,128
	period
4.2	Net cash from / (used in) operating	(5,007)	(6,455)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	2,546	406
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	7,859	7,859
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	-	-
	cash held
4.6	Cash and cash equivalents at end of	12,938	12,938
	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	1,367	918
5.2	Call deposits	4,739	5,790
5.3	Bank overdrafts	-	-

5.4 Other (provide details)

	-	Guarantee facilities	832	832
	-	Term deposits	6,000	-
5.5	Cash and cash equivalents at end of	12,938	7,540
	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	(307)
	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.

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

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.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (corporate credit cards)

7.4 Total financing facilities

Total facility	Amount drawn at
amount at quarter	quarter end
end	$A'000
$A'000
903	903
-	-
200	-
1,103	903

For personal use

7.5

Unused financing facilities available at quarter end

200

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.

A secured chattel mortgage equipment loan facility with HP Financial Services (Australia) Pty Limited at an interest rate of 5.50% p.a., maturing on 30 November 2026.

A secured revolving corporate credit card facility with the Commonwealth Bank of Australia at an interest rate of 17.99% p.a..

8.	Estimated cash available for future operating activities	$A'000
8.1	Net cash from / (used in) operating activities (item 1.9)	(5,007)
8.1b	Net cash from / (used in) other investing activities (Item 2.5)	(1,398)
8.2	Cash and cash equivalents at quarter end (item 4.6)	12,938
8.3	Unused finance facilities available at quarter end (item 7.5)	200
8.4	Total available funding (item 8.2 + item 8.3)	13,138
8.5	Estimated quarters of funding available (item 8.4 divided by	2.05
	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: N/A

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: N/A

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: N/A

Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

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