appendix 4c profit result - 31 may 2005

TOX FREE SOLUTIONS LIMITED


APPENDIX 4C, PROFIT RESULT – 31 MAY 2005
Attached is the Appendix 4C for the month of May 2005, showing a cash balance at this date of $1,117,000 an increase of $196,000 for the month.
The directors are also pleased to advise that the profit (after depreciation and amortisation) for the month of May 2005 was $393,328.
The profit (after depreciation and amortisation) for the 5 months to 31 May 2005 is $1,189,787, exceeding the recently revised profit forecast for the 6 months to 30 June 2005 of $1,000,000.
Yours faithfully
TOX FREE SOLUTIONS LIMITED
DAVID McARTHUR
Company Secretary
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
Rule 4.7B
Appendix 4C
Quarterly report
for entities admitted
on the basis of commitments
Introduced 31/3/2000.
Name of entity
Tox Free Solutions Ltd
ACN or ABN
Month ended (“current month”)
27 058 596 124
31 May 2005
Consolidated statement of cash flows
Cash flows related to operating activities
Current month
$A’000
Year to date (11 months)
$A’000
1.1
Receipts from customers
791
5,562
1.2
Payments for (a) staff costs
(b) advertising and marketing
(c) research and development
(d) leased assets
(e) other working capital *
-113
0
0
-9
-468
-1,073
0
0
-318
-4,319
1.3
Dividends received
0
0
1.4
Interest and other items of a similar nature received
0
0
1.5
Interest and other costs of finance paid
-5
-209
1.6
Income taxes paid
0
0
1.7
Other (provide details if material)
0
0
Net operating cash flows
196
-357
* Comprises $ 446,000 direct operating expenses and $ 22,000 administration.
31/3/2000 Appendix 4C Page 1
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
Current month
$A’000
Year to date (11 months)
$A’000
1.8
Net operating cash flows (carried forward)
196
-357
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
(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
1.14
Total operating and investing cash flows
196
-357
Cash flows related to financing activities
1.15
Proceeds from issues of shares, options, etc.
0
2,055
1.16
Proceeds from sale of forfeited shares
1.17
Proceeds from borrowings
0
530
1.18
Repayment of borrowings
0
-760
1.19
Dividends paid
1.20
Other (provide details if material)
Net financing cash flows
0
1825
Net increase (decrease) in cash held
196
1,468
1.21
Cash at beginning of month/year to date
921
-351
1.22
Exchange rate adjustments to item 1.20
1.23
Cash at end of month
1,117
1,117 Appendix 4C Page 2 31/3/2000
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 month
$A'000
1.24
Aggregate amount of payments to the parties included in item 1.2
0
1.25
Aggregate amount of loans to the parties included in item 1.11
0
1.26
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
N/A
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
N/A
Financing facilities available
Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).
Amount available
$A’000
Amount used
$A’000
3.1
Loan facilities
Overdraft Facilities
500
500
3.2
Credit standby arrangements
0
0 + See chapter 19 for defined terms.
31/3/2000 Appendix 4C Page 3
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
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 month
$A’000
Previous month
$A’000
4.1
Cash on hand and at bank
1,117
921
4.2
Deposits at call
0
0
4.3
Bank overdraft
4.4
Other (provide details)
0
0
Total: cash at end of month (item 1.22)
1,117
921
Acquisitions and disposals of business entities
Acquisitions
(Item 1.9(a))
Disposals
(Item 1.10(a))
5.1
Name of entity
N/A
N/A
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 Law (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: 8 June 2005
Company secretary
Print name: David McArthur
Appendix 4C Page 4 31/3/2000
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
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.
31/3/2000 Appendix 4C Page 5