Queste Communications : December 2015 Monthly Cash flow Report

2015 12 QUE M Cashflows.xlsx

December 2015 Monthly Cash Flow Report

Name of entity:

QUESTE COMMUNICATIONS LTD and controlled entity

ACN or ARBN

Month Ended

081 688 164 31 December 2015

Company		Consolidated
Current Month December 15 $' 000	Year to Date 6 months $' 000	Current Month December 15 $' 000	Year to Date 6 months $' 000
- (50) - - - 62 - 1 - - -	- (289) - - - 133 11 1 - - -	- (69) - - - 41 - 1 - - -	- (432) - - - (82) 115 3 - - -
13	(144)	(27)	(396)

Consolidated statement of cash flows

Cash flows related to operating activities

1. Receipts from customers

   
   

2. Payments for

3. staff costs

4. advertising and marketing

5. research and development

6. leased assets

7. other working capital

   
   

8. Dividends received

9. Interest and other items of a similar nature received

10. Interest and other costs of finance paid

11. Income taxes (paid)/refund

12. Other (provide details if material)

Net operating cash flows

Notes:

The Company currently has a 59.86% (30 November 2015: 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.

Company		Consolidated
Current Month December 15 $' 000	Year to Date 6 months $' 000	Current Month December 15 $' 000	Year to Date 6 months $' 000
1.8 Net operating cash flows (carried forward)	13	(144)	(27)	(396)
Cash flows related to investing activities Payment for acquisition of: businesses (item 5) equity investments intellectual property physical non-current assets other non-current assets Proceeds from disposal of: businesses (item 5) equity investments intellectual property physical non-current assets other non-current assets Loans to other entities Loans repaid by other entities Other (provide details if material) Total operating and investing cash flows Net investing cash flows	-	-	-	-
	-	(53)	-	(116)
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	10	140	10	583
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	10	87	10	467
	23	(57)	(17)	71
Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other (provide details if material) Proceeds from call on QUE Partly Paid shares Unclaimed Moneys transferred to WA Treasury OEQ On-Market Share Buy Back Net financing cash flows	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	166	166	166	166
	-	-	-	(13)
	-	-	-	(49)
	166	166	166	104
Net increase (decrease) in cash held	189	109	149	175
1.21 Cash at beginning of month/year to date	68	148	315	289
1.22 Exchange rate adjustments to item 1.20	-	-	-	-
1.23 Cash at end of month	257	257	464	464

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 December 15

$' 000

1. Aggregate amount of payments to the parties included in item 1.2

   (31)

   
   

2. Aggregate amount of loans to the parties included in item 1.11 -

   
   

3. Explanation necessary for an understanding of the transactions

Payments for Item 1.24 includes:

1. $11,482 Attributable to the Company; and

2. $19,805 Attributable to Controlled Entity, OEQ.

Non-cash financing and investing activities

1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

   
   

   None.

   
   

2. 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

1. Loan facilities - -

   
   

2. Credit standby arrangements - -

Reconciliation of cash Reconciliation of cash at the end of the month (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows:	Company		Consolidated
	Current Month $' 000	Previous Month $' 000	Current Month $' 000	Previous Month $' 000
Cash on hand and at bank Deposits at call Bank overdraft Other (Bank Bills)	235	47	442	294
	22	21	22	21
	-	-	-	-
	-	-	-	-
Total: cash at end of month (item 1.23)	257	68	464	315

Acquisitions and disposals of business entities

Acquisitions (Item 1.9(a))		Disposals (Item 1.10(a))
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

1. Name of entity

2. Place of incorporation or registration

3. Consideration for acquisition or disposal

4. Total net assets

5. Nature of business

Compliance statement

1. 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.

   
   

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

Victor Ho Company Secretary

Date:

11 January 2016

The Company currently holds the following listed share investments and investments in unlisted managed funds:

31-Dec-15

No Shares/Units % Interest Last Bid Price Market Value

Shares in Orion Equities Limited (OEQ) Shares in Bentley Capital Limited (BEL) Other listed shares

9,367,653 59.86 % $0.160 $1,498,824

1,740,625 2.38 % $0.140 $243,688

various various various $6,864

Units in unlisted managed fund 161,767 n/a $1.771 $286,489

$2,035,865

The above investments are regarded as liquid assets to supplement the Company's cash reserves.