+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 entityAUDIO PIXELS HOLDINGS LIMITED
ABN Quarter ended ("current quarter")98 094 384 273 31 March 2017
Consolidated statement of cash flows Currentquarter $A'000-
Cash flows from operating activities
Receipts from customers
Payments for
Year to date (3 months) $A'000- -
research and development
product manufacturing and operating costs
(455) (455)
- -
advertising and marketing (5) (5)
leased assets - -
staff costs (158) (158)
administration and corporate costs (53) (53)
Dividends received (see note 3) - -
Interest received 25 25
Interest and other costs of finance paid (60) (60)
Income taxes paid - -
Government grants and tax incentives - -
Other (provide details if material) - -
1.9 Net cash from / (used in) operating activities (706) (706)-
Cash flows from investing activities
Payments to acquire:
property, plant and equipment
(130) (130)
businesses (see item 10) - -
investments - -
Consolidated statement of cash flows Currentquarter $A'000 Year to date (3 months) $A'000intellectual property - -
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) - -
2.6 Net cash from / (used in) investing activities (130) (130)-
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
-
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 Bank balances 414 484
Call deposits 3,790 4,500
Bank overdrafts -
Other (provide details) -
5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 4,204 5,084-
Payments to directors of the entity and their associates Currentquarter
$A'000
Aggregate amount of payments to these parties included in item 1.2 45
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
The amount included in Item 6.1 includes directors fees and superannuation paid to entities associated with non-executive directors of $37,230 and consulting fees to entities associated with non-executive directors of $7,500.
-
Payments to related entities of the entity and their associates
Current quarter
$A'000
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
-
Financing facilities available Add notes as necessary for an understanding of the position
Total facility amount at quarter end
$A'000
Amount drawn at quarter end
$A'000
Loan facilities - -
Credit standby arrangements - -
Other (please specify) - -
Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.
-
Acquisitions and disposals of business entities
(items 2.1(b) and 2.2(b) above)
Name of entity
Place of incorporation or registration
Consideration for acquisition or disposal
Total net assets
Nature of business
Acquisitions Disposals
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 | 5,084 | 5,084 |
4.2 | Net cash from / (used in) operating activities (item 1.9 above) | (706) | (706) |
4.3 | Net cash from / (used in) investing activities (item 2.6 above) | (130) | (130) |
4.4 | Net cash from / (used in) financing activities (item 3.10 above) | - | - |
4.5 Effect of movement in exchange rates on cash held
4.6 Cash and cash equivalents at end of quarter(44) (44)
4,204 4,204As announced to the market on 28 December 2016, the holders of the two unsecured convertible notes of $1.5m each, earning 8% interest per annum, have agreed to extend the expiry dates of their convertible notes from 31 December 2016 to 31 December 2017. The extension of the convertible note held by 4F Investments Pty Limited, a company controlled by the Chairman, Mr Fred Bart, will require shareholder approval at the next Annual General Meeting on 31 May 2017.
9. | Estimated cash outflows for next quarter | $A'000 |
9.1 | Research and development | 400 |
9.2 | Product manufacturing and operating costs | 160 |
9.3 | Advertising and marketing | 20 |
9.4 | Leased assets | - |
9.5 | Staff costs | 170 |
9.6 | Administration and corporate costs | 150 |
9.7 | Other (provide details if material) | - |
9.8 | Total estimated cash outflows | 900 |
Audio Pixels Holdings Ltd. published this content on 23 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 April 2017 08:11:01 UTC.
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