ENERGY WORLD CORPORATION LTD.
9A Seaforth Crescent | Tel: | (61 2) 9247 6888 |
Seaforth, NSW, 2092 | Fax: | (61 2) 9247 6100 |
For personal use only
28th January 2022
The Manager
ASX Company Announcements
ASX Limited
Total no. of page(s): 1 + 5
ACTIVITY STATEMENT
Activity Report:
In connection with the Appendix 4C; Quarterly Cash Flow Report entities subject to listing rule 4.7B, the Directors are pleased to give the following report on the activities undertaken during the past quarter ending 31st December 2021.
During this period, the Company has continued to implement all of the necessary and suggested recommendations of national and local regional level governments in all areas where it is working in relation to the ongoing COVID-19 Coronavirus Pandemic.
Our business operations and activities are described in the 2021 Annual Report and the previous Appendix 4C released on 29th October 2021. Expenses incurred during the quarter includes PT Energi Sengkang payment for gas purchases, power plant operation and maintenance costs (for Indonesia), staff costs, business administration, site security costs, and where possible, preservation of assets on project development sites, in Philippines and Indonesia.
Within the Appendix 4C (item 6.1), we disclosed payment to related parties of USD3.460 million. This relates to payments to PT. CEPA for the O&M Contract for the Sengkang Power Plant.
As already announced to shareholders, the Company made its final repayment of its loan from Augusta Investments I Pte Ltd and, on 22nd October 2021, its subsidiary in Indonesia, PT Energi Sengkang (PTES) made its final loan repayment to the Development Finance Institutions under the PTES loan facility.
Yours faithfully,
For and on behalf of
ENERGY WORLD CORPORATION LTD.
Brian Allen
Executive Director
REGISTERED OFFICE ADDRESS
9A Seaforth Crescent, Seaforth NSW 2092, Australia.
Tel : (61 2) 9247 6888 Fax : (61 2) 9247 6100
A.C.N. 009 124 994
For personal use only
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
Energy World Corporation Ltd | |
ABN | Quarter ended ("current quarter") |
34009124994 | 31 December 2021 |
Consolidated statement of cash flows | Current quarter | Year to date (6 | ||
$US'000 | months) | |||
$US'000 | ||||
1. | Cash flows from operating activities | |||
1.1 | Receipts from customers | 44,047 | 84,500 | |
1.2 | Payments for | |||
(a) | research and development | - | - | |
(b) | product manufacturing and operating | (15,005) | (28,288) | |
costs | ||||
(c) | advertising and marketing | - | - | |
(d) | leased assets | (83) | (198) | |
(e) | staff costs | (2,914) | (5,533) | |
(f) administration and corporate costs | (6,451) | (11,754) | ||
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | 2 | 4 | |
1.5 | Interest and other costs of finance paid | (4,397) | (5,811) | |
1.6 | Income taxes paid | (4,853) | (11,043) | |
1.7 | Government grants and tax incentives | - | - | |
1.8 | Other (provide details if material) | - | - | |
1.9 | Net cash from / (used in) operating | 10,346 | 21,877 | |
activities | ||||
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire: | |||
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) property, plant and equipment | (383) | (2,685) | ||
(d) | investments | - | - | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | (559) |
ASX Listing Rules Appendix 4C (01/12/19) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows | Current quarter | Year to date (6 | ||
$US'000 | months) | |||
$US'000 | ||||
2.2 | Proceeds from disposal of: | |||
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) | property, plant and equipment | - | - | |
(d) | investments | - | - | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | - | - | |
2.4 | Dividends received (see note 3) | 17 | 17 | |
2.5 | Other (provide details if material) | - | - | |
2.6 | Net cash from / (used in) investing | (368) | (3,277) | |
activities |
3. Cash flows from financing activities
3.1 Proceeds from issues of equity securities
(excluding convertible debt securities) | - | - | |
3.2 | Proceeds from issue of convertible debt | - | - |
securities | |||
3.3 | Proceeds from exercise of options | - | - |
3.4 | Transaction costs related to issues of | - | - |
equity securities or convertible debt | |||
securities | |||
3.5 | Proceeds from borrowings | 3,373 | 3,373 |
3.6 | Repayment of borrowings | (36,613) | (40,972) |
3.7 | Transaction costs related to loans and | (106) | |
borrowings | |||
3.8 | Dividends paid | - | - |
3.9 | Other (Transfer from / (to) Reserve | 6,339 | 6,798 |
Accounts) | |||
3.10 | Net cash from / (used in) financing | (26,901) | (30,907) |
activities |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period | 19,882 | 15,441 | |
4.2 | Net cash from / (used in) operating | 10,346 | 21,877 |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | (368) | (3,277) |
(item 2.6 above) |
ASX Listing Rules Appendix 4C (01/12/19) | Page 2 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B
For personal use only
Consolidated statement of cash flows | Current quarter | Year to date (6 | |
$US'000 | months) | ||
$US'000 | |||
4.4 | Net cash from / (used in) financing activities | (26,901) | (30,907) |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | (137) | (362) |
cash held | |||
4.6 | Cash and cash equivalents at end of | 2,822 | 2,822 |
period | |||
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $US'000 | $US'000 | |
at the end of the quarter (as shown in the | |||
consolidated statement of cash flows) to the | |||
related items in the accounts | |||
5.1 | Bank balances | 2,822 | 19,882 |
5.2 | Call deposits | ||
5.3 | Bank overdrafts | ||
5.4 | Other (provide details) | ||
5.5 | Cash and cash equivalents at end of | 2,822 | 19,882 |
quarter (should equal item 4.6 above) | |||
6. | Payments to related parties of the entity and their | Current quarter | |
associates | $US'000 | ||
6.1 | Aggregate amount of payments to related parties and their | 3,460 | |
associates included in item 1 | |||
6.2 | Aggregate amount of payments to related parties and their | Nil | |
associates included in item 2 |
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments
ASX Listing Rules Appendix 4C (01/12/19) | Page 3 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B
only
7. Financing facilities
Note: the term "facility' includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity.
- Loan facilities
- Credit standby arrangements
- Other (please specify)
- Total financing facilities
Total facility | Amount drawn at |
amount at quarter | quarter end |
end | $US'000 |
$US'000 | |
602,500 | 595,857 |
5,000 | 3,373 |
- | - |
607,500 | 599,230 |
For personal use
7.5 | Unused financing facilities available at quarter end | 8,270 |
7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.
Facility | ||||||
amount | Interest | Maturity | Secured / | |||
Borrower | Lender | US$'000 | Rate | Date | Unsecured | |
Energy World | Hongkong and Shanghai | LIBOR + | ||||
Corporation Ltd | Banking Corporation Ltd | 51,000 | 0.5% | 14-Jun-22 | Secured | |
Energy World | Energy World International | |||||
Corporation Ltd | Ltd | 73,000 | 6% | 30-Jun-24 | Secured | |
Energy World | Slipform Engineering | |||||
Corporation Ltd | International (HK) Ltd | 432,512 | 6% | 30-Jun-24 | Secured | |
Standard Chartered Bank, | ||||||
Energy Equity Epic | Nataxis Bank and Mizuho | |||||
(Sengkang) Pty Ltd | Corporate Bank Ltd | 33,238 | 4.67825% | 30-Sep-22 | Secured | |
Energy World Gas | Land Bank of the Philippines | |||||
Operations | and Standard Chartered | |||||
Philippines Inc | Bank, Philippines Branch | 12,750 | 6.42290% 14-Jun-23 Secured | |||
Hongkong and Shanghai | Bank's Best | |||||
Energy World | Banking Corporation Ltd - | Lending | ||||
Corporation Ltd | Overdraft facility | 5,000 | Rate | 15-Jun-22 | Secured | |
8. | Estimated cash available for future operating activities | $US'000 | ||||
8.1 | Net cash from / (used in) operating activities (Item 1.9) | 10,346 | ||||
8.2 | Cash and cash equivalents at quarter end (Item 4.6) | 2,822 | ||||
8.3 | Unused finance facilities available at quarter end (Item 7.5) | 8,270 | ||||
8.4 | Total available funding (Item 8.2 + Item 8.3) | 11,092 | ||||
8.5 | Estimated quarters of funding available (Item 8.4 divided by | 1.072 | ||||
Item 8.1) |
ASX Listing Rules Appendix 4C (01/12/19) | Page 4 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Energy World Corporation Ltd. published this content on 30 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2022 21:10:03 UTC.