Full Press Release Details
Quarterly report for entities
admitted on the basis of commitments
for entities admitted
on the basis of commitments
Introduced 31/03/010 Amended 30/09/01, 24/10/05, 17/12/10
Consolidated statement of cash flows
| Current quarter | Year to date (12 months) | |||||||||
| US$ '000 | US$ '000 | |||||||||
| Cash flows related to operating activities | ||||||||||
| 1.1 | Receipts from customers: | |||||||||
| (a) Commercialization Revenue | 99 | 99 | ||||||||
| (b) Licensing Fee Revenue | - | 3,500 | ||||||||
| (c) R&D Tax Incentive received | 4,466 | 4,466 | ||||||||
| 1.2 | Payments for: | |||||||||
| (a) staff costs | (2,550 | ) | (12,891 | ) | ||||||
| (b) research and development | (8,584 | ) | (40,452 | ) | ||||||
| (c) manufacturing commercialisation | (8,312 | ) | (26,859 | ) | ||||||
| (d) intellectual property portfolio expenses | (519 | ) | (2,379 | ) | ||||||
| (e) other expenses from ordinary activities | (3,002 | ) | (14,609 | ) | ||||||
| 1.3 | Dividends received | - | - | |||||||
| 1.4 | Interest and other items of a similar nature received | 313 | 1,129 | |||||||
| 1.5 | Interest and other costs of finance paid | - | - | |||||||
| 1.6 | Income taxes paid | - | - | |||||||
| 1.7 | Other | - | - | |||||||
| Net operating cash flows | (18,089 | ) | (87,996) |
Quarterly report for entities
admitted on the basis of commitments
| Current quarter | Year to date (12 months) | |||||||||
| US$ '000 | US$ '000 | |||||||||
| 1.8 | Net operating cash flows (carried forward) | (18,089 | ) | (87,996) | ||||||
| Cash flows related to investing activities | ||||||||||
| 1.9 | Payment for acquisition of: | |||||||||
| (a) businesses (item 5) | - | - | ||||||||
| (b) equity investments | - | - | ||||||||
| (c) intellectual property | - | (200 | ) | |||||||
| (d) physical non-current assets | (42 | ) | (722 | ) | ||||||
| (e) other non-current assets | - | (805 | ) | |||||||
| 1.10 | Proceeds from disposal of: | |||||||||
| (a) businesses (item 5) | - | - | ||||||||
| (b) equity investments | - | - | ||||||||
| (c) intellectual property | - | - | ||||||||
| (d) physical non-current assets | - | - | ||||||||
| (e) other non-current assets | - | - | ||||||||
| 1.11 | Loans to other entities | - | - | |||||||
| 1.12 | Loans repaid by other entities | - | - | |||||||
| 1.13 | Other: | |||||||||
| (a) Payments for financial derivatives | - | - | ||||||||
| (b) Security deposits | - | - | ||||||||
| Net investing cash flows | (42 | ) | (1,727 | ) | ||||||
| 1.14 | Total operating and investing cash flows | (18,131 | ) | (89,723 | ) | |||||
| Cash flows related to financing activities | ||||||||||
| 1.15 | Proceeds from issues of shares, options, etc. | - | 68,549 | |||||||
| 1.16 | Proceeds from sale of forfeited shares | - | - | |||||||
| 1.17 | Proceeds from borrowings | - | - | |||||||
| 1.18 | Repayment of borrowings | - | - | |||||||
| 1.19 | Dividends paid | - | - | |||||||
| 1.20 | Share issue costs | 18 | (6,483 | ) | ||||||
| Net financing cash flows | 18 | 62,066 | ||||||||
| Net increase / (decrease in cash held) | (18,113 | ) | (27,657 | ) | ||||||
| 1.21 | Cash at beginning of quarter / year to date | 99,929 | 110,701 | |||||||
| 1.22 | Exchange rate adjustments to item 1.21 | (879 | ) | (2,107 | ) | |||||
| 1.23 | Cash at end of quarter | 80,937 | 80,937 |
Within the year to date operating cash flows are share issue costs of $315k associated with the November 2015 NASDAQ IPO equity raising incurred during the three months ended 30 September 2015.
+ See chapter 19 for defined terms.
17/12/2010 Appendix 4C Page 2
Quarterly report for entities
admitted on the basis of commitments
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
| Current quarter | ||||||||
| US$ '000 | ||||||||
| 1.24 | Aggregate amount of payments to the parties included in item 1.2 | 440 | ||||||
| 1.25 | Aggregate amount of loans to the parties included in item 1.11 | - | ||||||
| 1.26 | Explanation necessary for an understanding of the transactions: | |||||||
| Payment to directors (for the current quarter) = $440k |
Non-cash financing and investing activities
Financing facilities available
Add notes as necessary for an understanding of the position.
| Amount available | Amount used | |||||||||
| US$ '000 | US$ '000 | |||||||||
| 3.1 | Loan facilities | - | - | |||||||
| 3.2 | Credit standby arrangements | - | - |
+ See chapter 19 for defined terms.
17/12/2010Appendix 4C Page 3
Quarterly report for entities
admitted on the basis of commitments
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 | Previous quarter | |||||||||
| US$ '000 | US$ '000 | |||||||||
| 4.1 | Cash on hand and at bank | 10,687 | 5,945 | |||||||
| 4.2 | Deposits at call | 58,969 | 46,992 | |||||||
| 4.3 | Bank overdraft | - | - | |||||||
| 4.4 | Term deposits | 11,281 | 46,992 | |||||||
| Total: cash at end of quarter (item 1.23) | 80,937 | 99,929 |
Acquisitions and disposals of business entities
| Current quarter | Previous quarter | |||||
| US$ '000 | US$ '000 | |||||
| 5.1 | Name of entity | n/a | n/a | |||
| 5.2 | Place of incorporation or registration | n/a | n/a | |||
| 5.3 | Consideration for acquisition or disposal | n/a | n/a | |||
| 5.4 | Total net assets | n/a | n/a | |||
| 5.5 | Nature of business | n/a | n/a |
Compliance statement
Sign here:/s/ Charlie HarrisonDate: 29 July 2016
Print name:Charlie Harrison
+ See chapter 19 for defined terms.
17/12/2010 Appendix 4C Page 4
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
17/12/2010Appendix 4C Page 5