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Scotgold Resources (SGZ)

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Tuesday 31 January, 2012

Scotgold Resources

Quarterly Cashflow Report

RNS Number : 4611W
Scotgold Resources Ltd
31 January 2012
 



Rule 5.3

Appendix 5B

 

Mining exploration entity quarterly report

Introduced 1/7/96.  Origin:  Appendix 8.  Amended 1/7/97, 1/7/98, 30/9/2001.

 

 

Name of entity

SCOTGOLD RESOURCES LIMITED

 

ABN


Quarter ended ("current quarter")

42 127 042 773


              31 DECEMBER 2011

 

Consolidated statement of cash flows

 

Cash flows related to operating activities

 

Current quarter

$A

Year to date

(6 months)

$A

1.1

Receipts from product sales and related debtors

 



1.2

Payments for               (a)  exploration and evaluation

                                      (b)  development

                                      (c)  production

                                      (d)  administration

(162,478)

-

-

(292,648)

(540,065)

-

-

(584,363)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received

13,484

22,053

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Other (provide details if material)

-

-


 

Net Operating Cash Flows

 

(441,642)

 

(1,102,375)


 

Cash flows related to investing activities



1.8

Payment for purchases of:    (a)prospects

                                                  (b)equity investments

                                                  (c) other fixed assets

-

-

-

-

-

-

1.9

Proceeds from sale of:           (a)prospects

                                                  (b)equity investments

                                                  (c)other fixed assets

-

-

1,135

-

-

1,135

1.10

Loans to other entities

-

-

1.11

Loans repaid by other entities

-

-

1.12

Other (provide details if material)

-

-


 

Net investing cash flows

 

1,135

 

1,135

1.13

Total operating and investing cash flows (carried forward)

(440,507)

(1,101,240)



 

1.13

Total operating and investing cash flows (brought  forward)

(440,507)

(1,101,240)


 

Cash flows related to financing activities



1.14

Proceeds from issues of shares, options, etc.

-

1,615,087

1.15

Proceeds from sale of forfeited shares

-

-

1.16

Proceeds from borrowings

-

-

1.17

Repayment of borrowings

-

-

1.18

Dividends paid

-

-

1.19

Other (provide details if material) Share Issue Costs

(5,981)

(48,043)


Net financing cash flows

(5,981)

1,567,044


Net increase (decrease) in cash held

(446,488)

465,804

1.20

Cash at beginning of quarter/year to date

1,878,884

950,668

1.21

Exchange rate adjustments to item 1.20

(15,789)

135

1.22

Cash at end of quarter

1,416,607

1,416,607

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

 

1.23

 

Aggregate amount of payments to the parties included in item 1.2

 

$75,113

 

1.24

 

Aggregate amount of loans to the parties included in item 1.10

 

Nil

 

1.25

 

Explanation necessary for an understanding of the transactions

 

 

N/A

 

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



 

2.2

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


N/A

 

 

 

Financing facilities available

Add notes as necessary for an understanding of the position.

 



Amount available

$A'000

Amount used

$A'000

3.1

Loan facilities

 

Nil

N/A

3.2

Credit standby arrangements

 

Nil

N/A

 

 

 

Estimated cash outflows for next quarter



$A

4.1

Exploration and evaluation

 

350,000

4.2

Development

 

NIL

4.3

Production

 

NIL

4.4

Administration

 

300,000


 

Total

650,000

 

 

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

Previous quarter

$A

5.1

Cash on hand and at bank

1,409,037

1,653,374

5.2

Deposits at call

7,570

225,510

5.3

Bank overdraft

-

-

5.4

Other (provide details)

-

-


Total: cash at end of quarter (item 1.22)

1,416,607

1,878,884

 

Changes in interests in mining tenements

 



Tenement reference

Nature of interest

(note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1

Interests in mining tenements relinquished, reduced or lapsed

 

Nil




6.2

Interests in mining tenements acquired or increased

 

 

Nil






Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

 


Total number

Number quoted

Issue price per security

(see note 3)

Amount paid up per security

(see note 3)

7.1

Preference +securities  (description)





7.2

Changes during quarter

(a)  Increases through issues

(b)  Decreases through returns of capital, buy-backs, redemptions





7.3

+Ordinary securities

 

193,886,555

193,886,555



7.4

Changes during quarter

(a)  Increases through issues

(b)  Listing of existing shares

(c)  Decreases through returns of capital, buy-backs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.5

+Convertible debt securities (description)





7.6

Changes during quarter

(a)  Increases through issues

(b)  Decreases through securities matured, converted





7.7

Options  (description and conversion factor)

 

21,130,959

 

 

21,130,959

 

Exercise price

8 cents

Expiry date

30 April 2012

7.8

Issued during quarter

 

 

 

 

Exercise price

 

Expiry date

 

7.9

Exercised during quarter

296,643

 

296,643

 

 

 


7.10

Expired during quarter

 

 

 

 



7.11

Debentures

(totals only)





7.12

Unsecured notes (totals only)

 





 



 

Compliance statement

 

1             This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

 

2             This statement does give a true and fair view of the matters disclosed.

 

 

 

Sign here:              ............................................................           Date: 31 January 2012

(Director/Company secretary)

 

 

 

Print name:            .Peter John Newcomb..............

 

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 "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period.  If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

 

3             Issued and quoted securities  The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

 

4             The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

 

5             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
 
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