ENERGY TECHNOLOGIES LIMITED For personal use only
ASX Announcement | 29 July 2022 |
Energy Technologies Limited 4Q FY22 Quarterly Activities
Report and Appendix 4C
Key highlights
- Achieved quarterly cash receipts of A$3.73m taking the year-to-date cash receipts to $14.2m, up 31% on the Previous Corresponding Period (PCP)
- Achieved unaudited operational revenue, for the twelve months to 30 June 2022, of A$12.5m, up 33% on the Previous Corresponding Period (PCP)
Energy Technologies Limited (ASX: EGY or "the Company"), a 100% owner of Bambach Wire and Cables Pty Ltd (Bambach) which manufactures low voltage copper insulated cables, is pleased to release its Quarterly Activities Report and Appendix 4C Quarterly Cash Flow Report for the period ended 30 June 2022 ("4Q FY22").
During the quarter, Bambach continued to experience headwinds due to Covid and its substantial impact on workforce participation. The development of an automated planning and scheduling system has now been completed and is being utilised to enable much better loading and greatly improved production efficiency. From a business perspective, the tender book, order book and sales all remained in a growth phase resulting in a 31% increase in cash receipts on PCP.
Figure 1: EGY Quarterly Cash Receipts (A$'000)
4410 | ||||
3470 | 3443 | 3733 | ||
3306 | ||||
2946 | 2777 | 2790 | 2845 | |
2114 |
1817 | 1689 |
Q1 | Q2 | Q3 | Q4 | |||||
FY20 | FY21 | FY22 | ||||||
Bambach CEO, Alf Chown said, "While the new planning system will drive factory utilisation more efficiently in the current environment, it will also allow better planning for production in the light of a stronger order book."
ASX Listing Rule 4.7C.3
In accordance with ASX Listing Rule 4.7C, payments made to related parties included in item
6.1 of the Appendix 4C incorporate director's fees and salary.
- END -
For personal use only
About Energy Technologies
Energy Technologies Limited (ABN 38 002 679 469) has a 100% ownership of Bambach Wires and Cables Pty Ltd, a manufacturer of low voltage copper insulated cables. Learn more about Energy Technologies at website www.energytechnologies.com.au.
For more information, please contact:
General enquiries
Corporate Communications
Mr. Gregory Knoke
Company Secretary
Greg.knoke@energytechnologies.com.au
This announcement is authorised by Energy Technologies Limited's Board of Directors
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity | ||
ENERGY TECHNOLOGIES LIMITED | ||
ABN | Quarter ended ("current quarter") | |
38 002 679 469 | 30 JUNE 2022 | |
Consolidated statement of cash flows | Current quarter | Year to date |
$A'000 | (12 months) | |
$A'000 |
1. Cash flows from operating activities
1.1 | Receipts from customers | 3,733 | 14,240 | |
1.2 | Payments for | |||
(a) | research and development | (1) | (14) | |
(b) | product manufacturing and operating | |||
costs | (3,867) | (16,782) | ||
(c) | advertising and marketing | (26) | (124) | |
(d) | leased assets | (17) | (103) | |
(e) | staff costs | (1,074) | (4,915) | |
(f) | administration and corporate costs | (231) | (1,465) | |
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | - | 9 | |
1.5 | Interest and other costs of finance paid | (179) | (935) | |
1.6 | Income taxes paid | - | - | |
1.7 | Government grants and tax incentives | 315 | 2,192 | |
1.8 | Other (restructure) | - | (479) | |
1.9 | Net cash from / (used in) operating | (1,347) | (8,376) | |
activities | ||||
2. Cash flows from investing activities
2.1 Payments to acquire or for:
(a) | entities | - | - |
(b) | businesses | - | - |
(c) | property, plant and equipment | (62) | (272) |
(d) | investments | - | - |
(e) | intellectual property | - | - |
Consolidated statement of cash flows | Current quarter | Year to date |
$A'000 | (12 months) | |
$A'000 |
use only
-
other non-current assets
2.2 Proceeds from disposal of:
- entities
- businesses
- property, plant and equipment
(d) investments
(e) intellectual property
- other non-current assets
2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3)
2.5 Other
2.6 Net cash from / (used in) investing activities
- | |
- | - |
- | - |
- | 24 |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
(62) | (248) |
For personal
3. Cash flows from financing activities
3.1 Proceeds from issues of equity securities
(excluding convertible debt securities) | - | 11,000 | |
3.2 | Proceeds from issue of convertible debt | ||
securities | - | - | |
3.3 | Proceeds from exercise of options | - | - |
3.4 Transaction costs related to issues of equity securities or convertible debt
securities | - | (516) | |
3.5 | Proceeds from borrowings | 1,806 | 5,543 |
3.6 | Repayment of borrowings | (580) | (5,049) |
3.7 Transaction costs related to loans and
borrowings | - | - | |
3.8 | Dividends paid | - | - |
3.9 | Other (Repayment of Convertible Notes) | - | (2,395) |
3.10 | Net cash from / (used in) financing | 1,226 | 8,583 |
activities | |||
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period | 265 | 123 |
4.2 Net cash from / (used in) operating
activities (item 1.9 above) | (1,347) | (8,376) |
4.3 Net cash from / (used in) investing activities
(item 2.6 above) | (62) | (248) |
For personal use only
Consolidated statement of cash flows | Current quarter | Year to date |
$A'000 | (12 months) | |
$A'000 |
4.4 Net cash from / (used in) financing activities
(item 3.10 above) | 1,226 | 8,583 |
4.5 Effect of movement in exchange rates on
cash held | - | - |
4.6 Cash and cash equivalents at end of
period | 82 | 82 | |
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 | 82 | 265 |
5.2 | Call deposits | - | - |
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) | 82 | 265 | |
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 | 129 | |
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.
6.1 $55K Director's Fee and $74K Salary
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Energy Technologies Limited published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 02:43:03 UTC.
