23rd Jul 2008 07:00
Rule 4.7B
Appendix 4C
Quarterly report
for entities admitted
on the basis of commitments
Introduced 31/3/2000. Amended 30/9/2001
|
Name of entity |
|
CERAMIC FUEL CELLS LIMITED |
|
ABN |
Quarter ended ("current quarter") 30 JUNE 2008 |
|
82 055 736 671 |
Consolidated statement of cash flows
|
Cash flows related to operating activities |
Current quarter $A'000 |
Year to date (12 months) $A'000 |
|
|
1.1 |
Receipts from customers |
118 |
456 |
|
1.2 |
Payments for (a) staff costs 1 (b) advertising and marketing 2 (c) research and product development 3 (d) leased assets (e) other working capital |
(2,847) (255) (752) - (1,447) |
(10,661) (1,037) (5,676) - (4,191) |
|
1.3 |
Dividends received |
- |
- |
|
1.4 |
Interest and other items of a similar nature received |
736 |
2,919 |
|
1.5 |
Interest and other costs of finance paid |
- |
- |
|
1.6 |
Income taxes paid |
- |
- |
|
1.7 |
Other - Net GST Received/(Paid) - Export Market Development Grant received - Sundry income received |
153 81 9 |
933 81 26 |
|
Net operating cash flows |
(4,204) |
(17,150) |
|
Notes
'Staff costs' includes all company labour and associated headcount costs, and therefore incorporates all Research & Product Development (R&PD) staff, Sales & Marketing (S&M) staff and General & Administrative (G&A) staff.
'Advertising and marketing' excludes all S&M staff costs (as per note 1 above).
'Research and product development' costs includes all R&PD costs as defined in Note 1(e) to the Financial Statements for the year ended 30 June 2007, but excludes all R&PD staff costs (as per note 1 above).
|
Current quarter $A'000 |
Year to date (12 months) $A'000 |
||
|
1.8 |
Net operating cash flows (carried forward) |
(4,204) |
(17,150) |
|
Cash flows related to investing activities |
|||
|
1.9 |
Payment for acquisition of: businesses (item 5) equity investments intellectual property physical non-current assets other non-current assets |
- - - (1,378)
- |
- - - (6,928) - |
|
1.10 |
Proceeds from disposal of: businesses (item 5)
equity investments
intellectual property
physical non-current assets
other non-current assets |
-
-
-
-
- |
-
-
-
-
- |
|
1.11 |
Loans to other entities |
- |
- |
|
1.12 |
Loans repaid by other entities |
- |
- |
|
1.13 |
Other - Security deposits decreased (increased) |
64 |
(28) |
|
Net investing cash flows |
(1,314) |
(6,956) |
|
|
1.14 |
Total operating and investing cash flows |
(5,518) |
(24,106) |
|
Cash flows related to financing activities |
|||
|
1.15 |
Proceeds from issues of shares, options, etc. |
14,700 |
14,702 |
|
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 - Financial assets: Net proceeds/(Net payments) 1 Other - Share issue costs |
(8,381) (780) |
9,905 (780) |
|
Net financing cash flows |
5,539 |
23,827 |
|
|
Net increase (decrease) in cash held |
21 |
(279) |
|
|
1.21 |
Cash at beginning of quarter/year to date |
3098 |
3,658 |
|
Reclassification of security deposits 2 |
- |
(174) |
|
|
1.22 |
Exchange rate adjustments on foreign currency cash balances |
(27) |
(113) |
|
1.23 |
Cash at end of quarter |
3,092 |
3,092 |
|
Funds held in Financial Assets |
40,199 |
40,199 |
|
|
Total Cash and Financial Assets |
43,291 |
43,291 |
The net proceeds from/(payments for) the disposal and purchase of the company's investments are at item 1.20.
Under AIFRS cash deposits held as security do not meet the definition of cash and cash equivalents.
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 item 1.2 |
102 |
|
1.25 |
Aggregate amount of loans to the parties included in item 1.11 |
- |
|
1.26 |
Explanation necessary for an understanding of the transactions |
|
|
Directors' fees. |
||
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 $A'000 |
Amount used $A'000 |
||
|
3.1 |
Loan facilities |
- |
- |
|
3.2 |
Credit standby arrangements |
- |
- |
Reconciliation of cash
|
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. |
Current quarter $A'000 |
Previous quarter $A'000 |
|
|
4.1 |
Cash on hand and at bank |
3,092 |
3,098 |
|
4.2 |
Deposits at call |
- |
- |
|
4.3 |
Bank overdraft |
- |
- |
|
4.4 |
Other |
- |
- |
|
Total: cash at end of quarter (item 1.23) |
3,092 |
3,098 |
|
|
Financial Assets |
40,199 |
36,191 |
|
|
Total Cash and Financial Assets at end of quarter |
43,291 |
39,289 |
|
Acquisitions and disposals of business entities
|
Acquisitions (Item 1.9(a)) |
Disposals (Item 1.10(a)) |
||
|
5.1 |
Name of entity |
Not applicable |
Not applicable |
|
5.2 |
Place of incorporation or registration |
||
|
5.3 |
Consideration for acquisition or disposal |
||
|
5.4 |
Total net assets |
||
|
5.5 |
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 (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: [ ] July 2008
Print name: David Carruthers Director
Related Shares:
Ceramic Fuel Cells