Information  X 
Enter a valid email address

Virotec Intl Ld (VTI)

  Print      Mail a friend

Monday 31 October, 2005

Virotec Intl Ld

1st Quarter Results

Virotec International Ld
31 October 2005

Virotec International Ltd
                                                                       Rule 4.7B

                                   Appendix 4C

                                Quarterly report
                             for entities admitted
                          on the basis of commitments

Introduced 31/3/2000.  Amended 30/9/2001

Name of entity
Virotec International Ltd

ABN                                                 Quarter ended 
                                                    ('current quarter')
-------------------                                 ------------------
81 004 801 398                                      30 September 2005
-------------------                                 ------------------

Consolidated statement of cash flows

                                                    ------------   ------------
                                                    Current        Year to
                                                    quarter        date
Cash flows related to operating activities          $A'000         (3 Months)
                                                                   $A'000
                                                    ------------   ------------
                                                                    
 1.1   Receipts from customers                               431           431
       -----------------------                        

 1.2   Payments for    (a)  staff costs                   (1,972)       (1,972)
                       (b)  advertising and marketing        (83)          (83)
                       (c)  research and development        (204)         (204)
                       (d)  leased assets                      -             -
                       (e)  other working capital         (2,202)       (2,202)
 1.3   Dividends received                                      -             -
 1.4   Interest and other items of a similar nature          142           142
       received
 1.5   Interest and other costs of finance paid               (1)           (1)
 1.6   Income taxes paid                                       -             -
 1.7   Other (mining interests costs)                        (48)          (48)
                                                      ------------  ------------
       Net operating cash flows                           (3,937)       (3,937)
 ----- -----------------------                        ------------  ------------


   1.8   Net operating cash flows (carried                 (3,937)       (3,937)
        forward)

        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                     (510)         (510)
        (e) other non-current assets                         (40)          (40)
 1.10   Proceeds from disposal of:
        (b) businesses (item 5)                                -             -
        (f) equity investments                                 -             -
        (g) intellectual property                              -             -
        (h) physical non-current assets                        -             -
        (i) other non-current assets                           -             -
 1.11   Loans to other entities                                -             -
 1.12   Loans repaid by other entities                         -             -
 1.13   Other                                                  -             -
                                                      ------------  ------------
        Net investing cash flows                            (550)         (550)
                                                      ------------  ------------
 1.14   Total operating and investing cash                (4,487)       (4,487)
        flows                                         ------------  ------------

        Cash flows related to financing
        activities
 1.15   Proceeds from issues of shares, options,          22,001        22,001
        etc.
 1.16   Proceeds from sale of forfeited shares                 -             -
 1.17   Proceeds from borrowings                               -             -
 1.18   Repayment of borrowings                               (1)           (1)
 1.19   Dividends paid                                         -             -
 1.20   Other (Share issue costs)                           (729)         (729)
                                                      ------------  ------------
        Net financing cash flows                          21,271        21,271
                                                      ------------  ------------
        Net increase (decrease) in cash held             (16,784)      (16,784)

 1.21   Cash at beginning of quarter/year to               2,412         2,412
        date
 1.22   Exchange rate adjustments to item 1.20                 -             -
                                                      ------------  ------------
 1.23   Cash at end of quarter                            19,196        19,196
 ------ ----------------------                        ------------  ------------

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            977
        item 1.2                                                   
 ------ --------------------------------                           -------------

 1.25   Aggregate amount of loans to the parties included in                 -
        item 1.11
 ------ --------------------------------                           -------------
 1.26   Explanation necessary for an understanding of the transactions
        -------------------------------------------
        Payments made during the quarter include cash payments under short term
        incentive scheme approved by shareholders in November 2003, in respect
        of the year ended 30 June 2005 and as outlined in the 2005 financial
        statements.
        -------------------------------------------

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
       --------------------------------------------

 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
       --------------------------------------------
       Nil
       --------------------------------------------

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026
paragraph 12.2).

                                                     ------------- -------------
                                                     Amount        Amount used
                                                     available 
                                                     $A'000        $A'000
                                                     ------------- -------------
   3.1   Loan facilities                                       24           24
   ----- -----------------------                     ------------- -------------
   3.2   Credit standby arrangements                            -            -
   ----- -----------------------                     ------------- -------------

Reconciliation of cash
-------------------------                            ------------  -------------
Reconciliation of cash at the end of the quarter     Current       Previous
(as shown in the consolidated statement of cash      quarter       quarter
flows) to the related items in the accounts is as
follows.
                                                     $A'000        $A'000
-------------------------                            ------------  -------------
                                                                   
 4.1   Cash on hand and at bank                             972            157
                                                     ------------  -------------
 4.2   Deposits at call                                  18,224          2,255
                                                     ------------  -------------
 4.3   Bank overdraft                                         -              -
                                                     ------------  -------------
 4.4   Other (provide details)                                -              -
 ----- ----------------------                        ------------  -------------
       Total: cash at end of quarter (item 1.22)         19,196          2,412
 ----- ----------------------                        ------------  -------------

Acquisitions and disposals of business entities

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


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:         ............................................................
                   (Company Secretary)                    Date: 31 October 2005

Print name:        Angus Craig

Notes

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.








                      This information is provided by RNS
            The company news service from the London Stock Exchange