Pacific American Coal : 29.01.2016 Quarterly Cashflow Report

Microsoft Word - Appendix 5B - PAK - Quarter - Dec 2015v2 Appendix 5B

Rule 5.5

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

Pacific American Coal Limited

ABN Quarter ended ("current quarter")

83 127 131 604 31 December 2015

Consolidated statement of cash flows

Current quarter 1 Oct 15 - 31 Dec 15 $A'000	Year to date1(16 months) (1 Sept 14-31 Dec 15) 2 $A'000
-	-
(129)3	(645)
-	-
-	-
(103)	(865)4
-	-
-	3
-	-
-	-
-	-
(232)	(1,507)

Cash flows related to operating activities

1. Receipts from product sales and related debtors

2. Payments for

3. exploration & evaluation

4. development

5. production

6. administration

7. Dividends received

8. Interest and other items of a similar nature received

9. Interest and other costs of finance paid

10. Income taxes paid

11. Other (provide details if material):

    Net Operating Cash Flows

    
    

    
    

    1Because the consolidated statement of cash flows represents a continuation of the financial statements of Texas and Oklahoma Coal Co Limited, the principles and guidance on the preparation and presentation of the consolidated statement of cash flows in a reverse acquisition set out in AASB 3 Business Combinations have been applied.

    2As announced to the market on 3 June 2015, to change its financial year from 31 August to 31 December, Pacific American Coal Limited has implemented a 16-month transitional financial year beginning 1 September 2014 and ending 31 December 2015.

12. Exploration & evaluation payments totalling $A 129,000 consists of consulting and employee costs ($A 96,000), exploration supplies ($A 29,000), and other costs ($A 4,000).

13. Included in these payments are $321,000 expenses incurred and outstanding prior to finalising capital raising on 9 February 2015.

    
    

    Current quarter	Year to date
    1 Oct 15 - 31 Dec 15	(16 months)
    $A'000	(1 Sept 14-31 Dec 15)
    	$A'000
    -	-
    -	(872)5
    -	-
    -	-
    -	-
    -	-
    -	-
    -	-
    -	-
    -	(872)
    (232)	(2,379)

    Cash flows related to investing activities

14. Payment for purchases of:

15. prospects

16. equity investments

17. other fixed assets

18. Proceeds from sale of:

19. prospects

20. equity investments

21. other fixed assets

22. Loans to other entities

23. Loans repaid by other entities

24. Other

    Net investing cash flows

25. Total operating and investing cash flows (carried forward)

1.13	Total operating and investing cash flows (brought forward)	(232)	(2,379)
Cash flows related to financing		-	3,801
activities
1.14 Proceeds from issues of shares,
options, etc.
1.15 Proceeds from sale of forfeited
shares		-	-
1.16 Proceeds from borrowings		-	-
1.17 Repayment of borrowings		-	-
1.18 Dividends paid		-	-
1.19 Other: share issue costs		-	(277)
Net financing cash flows		-	3,524
Net increase (decrease) in cash	(232)	1,145
held
1.20	Cash at beginning of quarter/year to
date	1,580	64
1.21	Exchange rate adjustments to item
1.20	(57)	82
1.22	Cash at end of quarter	1,291	1,291

1. Payment for purchase of equity investments totalling $A 872,000 is for purchase of 30% equity investment in Georges Colliers, Inc ($A 912,000) less cash acquired with the acquisition of Texas and Oklahoma Coal Co Limited ($A 40,000).

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

Current quarter

$A'000

1. Aggregate amount of payments to the parties included in item 1.2 111

2. Aggregate amount of loans to the parties included in item 1.10

   -

3. Explanation necessary for an understanding of the transactions

Payment of fees and reimbursement of expenses to Directors and officers.

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

Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

NIL

2.2

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available $A'000	Amount used $A'000
-	-
-	-

1. Loan facilities

2. Credit standby arrangements

Estimated cash outflows for next quarter

4.1	Exploration and evaluation	$A'000
		77
4.2	Development	-
4.3	Production	-
4.4	Administration	82
Total		159

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
Cash on hand and at bank Deposits at call Bank overdraft Other (provide details)	1,291	1,580
	-	-
	-	-
	-	-
Total: cash at end of quarter (item 1.22)	1,291	1,580

Changes in interests in mining tenements and petroleum tenements

Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
Peace River Coal Licences in British Columbia, Canada. Licences 418676 and 418677	Ownership	100%	Nil%
-	-	-	-

1. Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed

   
   

   
   

2. Interests in mining tenements and petroleum tenements acquired or increased