STERLING PLANTATIONS LIMITED
28 April 2015
The Manager
Company Announcements Office Australian Securities Exchange Exchange Plaza
2 The Esplanade
PERTH WA 6000
By: e-lodgement (ASX code SBI)
31 March 2015.
Yours sincerely
Shaun Menezes
Company Secretary
STERLING PLANTATIONS LIMITED (ACN 119 880 492)
Suite 1, 437 Roberts Road, Subiaco, 6008, Western Australia, Australia
PO Box 2138, Subiaco, 6904, Western Australia, Australia t + 618 6380 2555 f + 618 9381 1122 www.sterlingplantations.com
Appendix 4C Quarterly report for entities admitted on the basis of commitmentsRule 4.7B
Appendix 4C Quarterly report for entities admitted on the basis of commitmentsIntroduced 31/3/2000. Amended 30/9/2001, 24/10/2005.
Name of entity
Sterling Plantations Limited
ABN Quarter ended ("current quarter")
ACN 119 880 492 31 March 2015
1.1 Receipts from (a) customers
(b) other
1.2 Payments for (a) staff costs
(b) advertising and marketing (c) research and development (d) leased assets
(e) other working capital
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes Paid
1.7 Other (provide details if material)
- GST paid
- Insurance compensation
+ See chapter 19 for defined terms.
28/04/2015 Appendix 4C Page 1
Appendix 4C Quarterly report for entities admitted on the basis of commitmentsCurrent quarter $A'000 | Year to date $A'000 | |
1.8 Net operating cash flows (carried forward) | (295) | (1,422) |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) physical non-current assets (c) other non-current assets (Plantation Dev Expenditure - including staff cost) 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) physical non-current assets (c) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid to other entities 1.13 Other (provide details if material) - Investment in quoted shares (net) - Other receivables (includes prepayment for investment in properties) Net investing cash flows 1.14 Total operating and investing cash flows | - (447) (711) - - - (20) - | - (1,793) (1,953) - - - (2,522) (1,023) |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) physical non-current assets (c) other non-current assets (Plantation Dev Expenditure - including staff cost) 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) physical non-current assets (c) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid to other entities 1.13 Other (provide details if material) - Investment in quoted shares (net) - Other receivables (includes prepayment for investment in properties) Net investing cash flows 1.14 Total operating and investing cash flows | (1,178) | (7,291) |
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) physical non-current assets (c) other non-current assets (Plantation Dev Expenditure - including staff cost) 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) physical non-current assets (c) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid to other entities 1.13 Other (provide details if material) - Investment in quoted shares (net) - Other receivables (includes prepayment for investment in properties) Net investing cash flows 1.14 Total operating and investing cash flows | (1,473) | (8,713) |
Cash flows related to financing activities 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 (provide details if material) - Proceeds from sale of grower plots - Net yield payment Net financing cash flows | - - - - - - - | - - - - - 77 (3,987) |
Cash flows related to financing activities 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 (provide details if material) - Proceeds from sale of grower plots - Net yield payment Net financing cash flows | - | (3,910) |
Net (decrease) increase in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments 1.23 Cash at end of quarter | (1,473) 13,575 145 | (12,623) 23,997 873 |
Net (decrease) increase in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments 1.23 Cash at end of quarter | 12,247 | 12,247 |
+ See chapter 19 for defined terms.
Appendix 4C Page 2 28/04/2015
Appendix 4C 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
$A'000
1.24 Aggregate amount of payments to the parties included in item 1.2 307
1.25 Aggregate amount of loans to the parties included in item 1.11 -
1.26 Explanation necessary for an understanding of the transactions
None
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
None
2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest
None
Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).
3.1 Loan facilities
3.2 Credit standby arrangements
+ See chapter 19 for defined terms.
28/04/2015 Appendix 4C Page 3
Appendix 4C Quarterly report for entities admitted on the basis of commitments Reconciliation of cashReconciliation 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.
* includes $9,290,676 pledged deposits held by trustee of Growers Scheme.
Acquisitions and disposals of business entities
5.1 Name of entity
5.2 Place of incorporation or registration
5.3 Consideration for
Acquisition or disposal
5.4 Total net assets
5.5 Nature of business
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: 28 April 2015
Group Executive Director
Print name: Andrew Phang
+ See chapter 19 for defined terms.
Appendix 4C Page 4 28/04/2015
Notes Appendix 4C Quarterly report for entities admitted on the basis of commitments
1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.
6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss
9.2 - itemised disclosure relating to acquisitions
9.4 - itemised disclosure relating to disposals
12.1(a) - policy for classification of cash items
12.3 - disclosure of restrictions on use of cash
13.1 - comparative information
3. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
+ See chapter 19 for defined terms.
28/04/2015 Appendix 4C Page 5
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