Audio Pixels : Appendix 4C - quarterly

Microsoft Word - Appendix 4c for 31 March 2016 AKP

Appendix 4C Quarterly report for entities admitted on the basis of commitments

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

Name of entity

Rule 4.7B

AUDIO PIXELS HOLDINGS LIMITED

ABN Quarter ended ("current quarter")

98 094 384 273

31 March 2016

Consolidated statement of cash flows

Cash flows related to operating activities

Current quarter

$A'000

Year to date (3months)

$A'000

1. Receipts from customers ‐ ‐

   
   

2. Payments for (a) staff costs

3. advertising and

   marketing

4. research and

   development

5. leased assets

6. other working capital

   (101)

   
   

   ‐

   
   

   (673)

   ‐

   (20)

   (101)

   
   

   ‐

   
   

   (673)

   ‐

   (20)

7. Dividends received ‐ ‐

1.4	Interest and other items of a similar nature
received	2	2
1.5	Interest and other costs of finance paid	(60)	(60)
1.6	Income taxes paid	‐	‐
1.7	Other (provide details if material)	‐	‐
Net operating cash flows	(852)	(852)

Current quarter $A'000	Year to date (12 months) $A'000
1.8 Net operating cash flows (carried forward)	(852)	(852)
Cash flows related to investing activities	‐	‐
1.9 Payment for acquisition of:
(a) businesses (item 5)
(b) equity investments	‐	‐
(c) intellectual property	‐	‐
(d) physical non‐current assets	(33)	(33)
(e) other non‐current assets	‐	‐
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 (provide details if material)	‐	‐
Net investing cash flows	(33)	(33)
1.14 Total operating and investing cash flows	(885)	(885)
Cash flows related to financing activities	6,830	6,830
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 - Convertible notes	‐	‐
Net financing cash flows	6,830	6,830
Net increase (decrease) in cash held	5,945	5,945
1.21 Cash at beginning of quarter/year to date	1,523	1.523
1.22 Exchange rate adjustments to item 1.20	21	21
1.23 Cash at end of quarter	7,489	7,489

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. Aggregate amount of payments to the parties included in item 1.2 45

2. Aggregate amount of loans to the parties included in item 1.11 ‐

3. Explanation necessary for an understanding of the transactions

The amount included in Item 1.24 includes directors fees and superannuation paid to entities associated with the non executive directors of $37,230 and consulting fees to entities associated with non executive directors of $7,500.

Non‐cash financing and investing activities

1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

   The expiry date of the $3m of convertible notes has been extended to 31 December 2016, subject to shareholders approving the extension of $1.5m held by a director related company at the Annual General Meeting to be held on 31 May 2016.

   
   

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

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

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)	1,124	796
	6,365	727
Total: cash at end of quarter (item 1.23)	7,489	1,523

Acquisitions and disposals of business entities

Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))

1. Name of entity

2. Place of

   incorporation or registration

3. Consideration for acquisition or disposal

4. Total net assets

   
   

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: 21 April 2016

(Director/Company secretary) Print name: IAN ALISTAIR DENNIS