Quarterly cash flow report
July 31 2003 - 3:05AM
UK Regulatory
RNS Number:1707O
Virotec International Ld
31 July 2003
This document has been prepared in accordance with Australian Stock Exchange
requirements.
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
Virotec International Ltd
ABN Quarter ended ("current quarter")
------------------- ------------------
004 801 398 30 June 2003
------------------- ------------------
Consolidated statement of cash flows
------------ ------------
Current Year to
quarter date
Cash flows related to operating activities $A'000 (12 Months)
$A'000
------------ ------------
1.1 Receipts from customers 317 1,231
----------------------- ------------ ------------
1.2 Payments for (a) staff costs (443) (1,707)
(b) advertising and marketing (34) (233)
(c) research and development (390) (2,511)
(d) leased assets - -
(e) other working capital (406) (2,288)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature 83 451
received
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) (32) (215)
------------ ------------
Net operating cash flows (905) (5,272)
----- ----------------------- ------------ ------------
------ ------------------------------------------ ------------ ------------
Current Year to
quarter date
$A'000 (12 Months)
$A'000
------ ------------------------------------------ ------------ ------------
1.8 Net operating cash flows (carried (905) (5,272)
forward)
Cash flows related to investing
activities
1.9 Payment for acquisition of: - -
businesses (item 5) - -
equity investments - -
intellectual property - -
physical non-current assets (32) (228)
other non-current assets - -
1.10 Proceeds from disposal of:
businesses (item 5) - -
equity investments - -
intellectual property - -
physical non-current assets - 61
other non-current assets - -
1.11 Loans to other entities - -
1.12 Loans repaid by other entities - -
1.13 Other (provide details if material) - -
------------ ------------
Net investing cash flows (32) (167)
------------ ------------
1.14 Total operating and investing cash (937) (5,439)
flows ------------ ------------
Cash flows related to financing
activities
1.15 Proceeds from issues of shares, options, - -
etc.
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 (provide details if material) - -
------------ ------------
Net financing cash flows - -
------------ ------------
Net increase (decrease) in cash held (937) (5,439)
1.21 Cash at beginning of quarter/year to 7,395 11,897
date
1.22 Exchange rate adjustments to item 1.20
------------ ------------
1.23 Cash at end of quarter 6,458 6,458
------ ---------------------- ------------ ------------
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 195
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 $162,823
-------------------------------------------
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 148 245
------------ -------------
4.2 Deposits at call 6,310 7,150
------------ -------------
4.3 Bank overdraft - -
------------ -------------
4.4 Other (provide details) - -
----- ---------------------- ------------ -------------
Total: cash at end of quarter (item 1.22) 6,458 7,395
----- ---------------------- ------------ -------------
Acquisitions and disposals of business entities - N/A
----------------- ------------------
Acquisitions Disposals
(Item 1.9(a)) (Item 1.10(a))
----------------- ------------------
5.1 Name of entity
----------------- ------------------
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: 31 July 2003
(Director)
Print name: Bruno Bamonte
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
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