Advanced Braking Technology : Appendix 4C - December 2016 Quarterly Report

Appendix 4C

+Rule 4.7B

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

Name of entity
ADVANCED BRAKING TECHNOLOGY LTD
ABN	Quarter ended ("current quarter")
66 099 107 623	31 December 2016

Consolidated statement of cash flows		Current quarter $A'000	Year to date (6 months) $A'000
1.	Cash flows from operating activities	1,258	3,171
1.1	Receipts from customers
1.2	Payments for	(189)	(379)
(a) research and development
(b) product manufacturing and operating costs		(1,089)	(2,079)
(c) advertising and marketing		(3)	(47)
(d) leased assets		38	17
(e) staff costs		(589)	(1,086)
(f) administration and corporate costs		(245)	(482)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	6	10
1.5	Interest and other costs of finance paid	(21)	(96)
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	776	816
1.8	Other (provide details if material)	-	-
1.9	Net cash from / (used in) operating activities	(58)	(155)

2.	Cash flows from investing activities Payments to acquire: property, plant and equipment businesses (see item 10) investments intellectual property other non-current assets Proceeds from disposal of: property, plant and equipment businesses (see item 10) investments intellectual property other non-current assets Cash flows from loans to other entities Dividends received (see note 3) Other (provide details if material) Net cash from / (used in) investing activities	(171) - - - - 43 - - - - - - -	(176) - - - - 98 - - - - - - -
2.1 2.2 2.3 2.4 2.5 2.6
		(128)	(78)

Cash flows from financing activities Proceeds from issues of shares Proceeds from issue of convertible notes Proceeds from exercise of share options Transaction costs related to issues of shares, convertible notes or options Proceeds from borrowings Repayment of borrowings Transaction costs related to loans and borrowings Dividends paid Other (repayment of convertible notes) 3.10 Net cash from / (used in) financing activities	- 1,250 - (5) - - - - (1,345)	2,700 1,250 1 (188) - - - - (1,345)
	(100)	2,418

4.	Net increase / (decrease) in cash and cash equivalents for the period	3,358	887
4.1	Cash and cash equivalents at beginning of quarter/year to date
4.2	Net cash from / (used in) operating activities (item 1.9 above)	(58)	(155)
4.3	Net cash from / (used in) investing activities (item 2.6 above)	(128)	(78)
4.4	Net cash from / (used in) financing activities (item 3.10 above)	(100)	2,418
4.5	Effect of movement in exchange rates on cash held	-	-
4.6	Cash and cash equivalents at end of quarter	3,072	3,072

5.	Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A'000	Previous quarter $A'000
5.1	Bank balances	250	243
5.2	Call deposits	2,771	3,065
5.3	Bank overdrafts	-	-
5.4	Other (term deposit)	51	50
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	3,072	3,358

6.	Payments to directors of the entity and their associates	Current quarter $A'000
6.1	Aggregate amount of payments to these parties included in item 1.2	(92)
6.2	Aggregate amount of cash flow from loans to these parties included in item 2.3	-
6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

7.	Payments to related entities of the entity and their associates	Current quarter $A'000
7.1	Aggregate amount of payments to these parties included in item 1.2	-
7.2	Aggregate amount of cash flow from loans to these parties included in item 2.3	-
7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

8.	Financing facilities available Add notes as necessary for an understanding of the position	Total facility amount at quarter end $A'000	Amount drawn at quarter end $A'000
8.1	Loan facilities	-	-
8.2	Credit standby arrangements	500	-
8.3	Other (please specify)	-	-
8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well. The only facility under 8.2 above is a NAB Invoice Finance Facility, which presently provides finance of 80% of Australian Trade Receivables up to the value of $500,000. This facility is secured by the company's debtors and has been in place since 2013, but has never been drawn down. The interest rate for the NAB Invoice Finance Facility as at 31 January 2017 is 7.62%.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Research and development	(189)
9.2	Product manufacturing and operating costs	(1,188)
9.3	Advertising and marketing	(39)
9.4	Leased assets	32
9.5	Staff costs	(548)
9.6	Administration and corporate costs	(262)
9.7	Other (provide details if material) Interest and other costs of finance paid Payments to acquire property, plant and equipment Repayment of convertible notes	(20) (183) (500)
9.8	Total estimated cash outflows	(2,897)