Quarterly cash flow report
October 31 2003 - 2:01AM
UK Regulatory
RNS Number:5256R
Virotec International Ld
31 October 2003
Appendix 4C
Quarterly report
for entities admitted
on the basis of commitments
Name of entity
Virotec International Ltd
ABN Quarter ended ("current quarter")
------------------- ------------------
004 801 398 30 September 2003
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Consolidated statement of cash flows
------------ ------------
Current Year to
quarter date
Cash flows related to operating activities $A'000 (3 Months)
$A'000
------------ ------------
1.1 Receipts from customers 216 216
1.2 Payments for (a) staff costs (278) (278)
(b) advertising and marketing (49) (49)
(c) research and development (413) (413)
(d) leased assets - -
(e) other working capital (685) (685)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature 75 75
received
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (mining interests costs) (57) (57)
------------ ------------
Net operating cash flows (1,191) (1,191)
------------ ------------
1.8 Net operating cash flows (carried forward) (1,191) (1,191)
Cash flows related to investing activities
1.9 Payment for acquisition of: - -
businesses (item 5) - -
equity investments - -
intellectual property - -
physical non-current assets (72) (72)
other non-current assets - -
1.10 Proceeds from disposal of:
businesses (item 5) - -
equity investments - -
intellectual property - -
physical non-current assets 1 1
other non-current assets - -
1.11 Loans to other entities (61) (61)
1.12 Loans repaid by other entities - -
1.13 Other (provide details if material) 23 23
------------ ------------
Net investing cash flows (109) (109)
------------ ------------
1.14 Total operating and investing cash flows (1,300) (1,300)
------------ ------------
Cash flows related to financing activities
1.15 Proceeds from issues of shares, options, etc. 8,507 8,507
1.16 Proceeds from sale of forfeited shares - -
1.17 Proceeds from borrowings - -
1.18 Repayment of borrowings - -
1.19 Dividends paid - -
1.20 Other (share issue costs) (288) (288)
------------ ------------
Net financing cash flows 8,219 8,219
------------ ------------
Net increase (decrease) in cash held 6,919 6,919
1.21 Cash at beginning of quarter/year to date 6,454 6,454
1.22 Exchange rate adjustments to item 1.20 - -
------------ ------------
1.23 Cash at end of quarter 13,373 13,373
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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
quarter
$A'000
-------------
-------------
1.24 Aggregate amount of payments to the parties included in 193
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
-------------------------------------------
Director fees: $32,160
Consultancy fees $160,715
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Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material
effect on consolidated assets and liabilities but did not involve cash
flows
--------------------------------------------
Nil
--------------------------------------------
2.2 Details of outlays made by other entities to establish or increase their
share in businesses in which the reporting entity has an interest
--------------------------------------------
Nil
--------------------------------------------
Financing facilities available
Add notes as necessary for an understanding of the position. (See AASB 1026
paragraph 12.2).
------------- -------------
Amount available Amount used
$A'000 $A'000
------------ -------------
3.1 Loan facilities - -
----- ----------------------- ------------- -------------
3.2 Credit standby arrangements - -
----- ----------------------- ------------- -------------
Reconciliation of cash
------------------------- ------------ -------------
Reconciliation of cash at the end of the quarter Current Previous
(as shown in the consolidated statement of cash quarter quarter
flows) to the related items in the accounts is as
follows.
$A'000 $A'000
------------ -------------
4.1 Cash on hand and at bank 223 148
------------ -------------
4.2 Deposits at call 13,150 6,310
------------ -------------
4.3 Bank overdraft - -
------------ -------------
4.4 Other (provide details) - -
----- ---------------------- ------------ -------------
Total: cash at end of quarter (item 1.22) 13,373 6,458
----- ---------------------- ------------ -------------
Acquisitions and disposals of business entities - N/A
Compliance statement
1 This statement has been prepared under accounting policies which comply
with accounting standards as defined in the Corporations Act (except to the
extent that information is not required because of note 2) or other standards
acceptable to ASX.
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................... Date: 31 October 2003
(Company Secretary)
Print name: Angus Craig
Notes
1. The quarterly report provides a basis for informing the market how
the entity's activities have been financed for the past quarter and the effect
on its cash position. An entity wanting to disclose additional information is
encouraged to do so, in a note or notes attached to this report.
2. The definitions in, and provisions of, AASB 1026: Statement of Cash
Flows apply to this report except for the paragraphs of the Standard set out
below.
* 6.2 - reconciliation of cash flows arising from operating activities
to operating profit or loss
* 9.2 - itemised disclosure relating to acquisitions
* 9.4 - itemised disclosure relating to disposals
* 12.1(a)- policy for classification of cash items
* 12.3 - disclosure of restrictions on use of cash
* 13.1 - comparative information
3. Accounting Standards. ASX will accept, for example, the use of International
Accounting Standards for foreign entities. If the standards used do not address
a topic, the Australian standard on that topic (if any) must be complied with.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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