31st January 2017 DECEMBER QUARTERLY ACTIVITIES REPORT 2016 | |
ASX Symbol: ST1 REGISTERED OFFICE Level 4, 100 Albert Road South Melbourne VIC AUS 3205 PRINCIPAL PLACE OF BUSINESS Level 2 240 Chapel Street Prahran VIC AUS 3181 CONTACT P 1300 007 001 F 1300 887 813 www.spirit.com.au BOARD OF DIRECTORS Mr James Joughin (Chairman) Mr Terry Gray (Director) Mr Geoff Neate (Managing Director) ISSUED CAPITAL Shares on Issue: 920,251,253 | Spirit is pleased to provide its December Quarterly activity report to our shareholders.
$235,000. In addition, we have made further investment in sales and marketing staff and customer service of approximately $80k, as we pursue our revenue growth objectives. $475,000. This represents an increase of $236,000 CAPEX on the prior period, due to the size and volume of larger building deployments. |
+Rule 4.7B
Quarterly report for entities subject to Listing Rule 4.7BIntroduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16
Name of entity | |||
Spirit Telecom Limited | |||
ABN | Quarter ended ("current quarter") | ||
73 089 224 402 | 31 December 2016 |
Consolidated statement of cash flows | Current quarter $A'000 | Year to Date (6 Months) $A'000 | |
1. | Cash flows from operating activities | 2,975 | 5,687 |
1.1 | Receipts from customers | ||
1.2 | Payments for | - | - |
(a) research and development | |||
(b) product manufacturing and operating costs | - | - | |
(c) advertising and marketing | (77) | (163) | |
(d) leased assets | (690) | (1056) | |
(e) staff costs | |||
(f) administration and corporate costs | (2,132) | (4,253) | |
1.3 | Dividends received (see note 3) | - | - |
1.4 | Interest received | 10 | 14 |
1.5 | Interest and other costs of finance paid | (33) | (68) |
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 activities | 53 | 161 |
2. | Cash flows from investing activities | |
2.1 | Payments to acquire: | |
(a) property, plant and equipment | (475) | (714) |
(b) businesses (see item 10) | (4,400) | (4,400) |
Consolidated statement of cash flows | Current quarter $A'000 | Year to Date (6 Months) $A'000 |
(c) investments | - | - |
(d) intellectual property | - | - |
(e) other non-current assets | (136) | (136) |
2.2 Proceeds from disposal of: | ||
(a) property, plant and equipment | - | - |
(b) businesses (see item 10) | - | - |
(c) investments | - | - |
(d) intellectual property | - | - |
(e) other non-current assets | - | - |
2.3 Cash flows from loans to other entities | - | - |
2.4 Dividends received (see note 3) | - | - |
2.5 Other (Cash acquired on acquisition) | 310 | 310 |
2.6 Net cash from / (used in) investing | (4,701) | (4,940) |
activities |
| 2,252 - - (81) 4,200 (2,097) - - - | 2,252 - - (81) 4,200 (2,113) - - - |
4,274 | 4,258 |
4. | Net increase / (decrease) in cash and cash equivalents for the period | ||
4.1 | Cash and cash equivalents at beginning of quarter/year to date | 2,107 | 2,254 |
4.2 | Net cash from / (used in) operating activities (item 1.9 above) | 53 | 161 |
4.3 | Net cash from / (used in) investing activities (item 2.6 above) | (4,701) | (4,940) |
Consolidated statement of cash flows | Current quarter $A'000 | Year to Date (6 Months) $A'000 | |
4.4 | Net cash from / (used in) financing activities (item 3.10 above) | 4,274 | 4,258 |
4.5 | Effect of movement in exchange rates on cash held | - | - |
4.6 | Cash and cash equivalents at end of quarter | 1,733 | 1,733 |
5. | Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts | Current quarter $A'000 | Previous quarter $A'000 |
5.1 | Bank balances | 1,733 | 1,357 |
5.2 | Call deposits | - | 750 |
5.3 | Bank overdrafts | - | - |
5.4 | Other (provide details) | - | - |
5.5 | Cash and cash equivalents at end of quarter (should equal item 4.6 above) | 1,733 | 2,107 |
Current quarter $A'000 |
22 |
- |
- Payments to directors of the entity and their associates
Aggregate amount of payments to these parties included in item 1.2
Aggregate amount of cash flow from loans to these parties included in item 2.3
Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
Our Chairman James Joughin receives remuneration of $5,000 per month and Director Terry Gray
$2,500 per month.
Current quarter
$A'000
27
-
- Payments to related entities of the entity and their associates
Aggregate amount of payments to these parties included in item 1.2
Aggregate amount of cash flow from loans to these parties included in item 2.3
Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
7.1 - Total payments to Lodge Corporate Advisory services are $27,305. Terry Gray is a consultant with Lodge and a Director of Spirit Telecom Ltd.
Spirit Telecom Limited published this content on 31 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2017 04:19:01 UTC.
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