re: Ask James who he knows who works for Telstra, you will get there in the end.
ADVANTAGE TELECOMMUNICATIONS LIMITED 2002-07-31 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Attached herewith is the Appendix 4C Quarterly Report for the quarter
ended 30th June 2002.
Also attached herewith is a copy of the release which was made to the
market on 3rd July 2002 in relation to revenue figures for the
quarter ended 30th June 2002.
Please note that the Quarterly Report only reflects receipts for the
quarter and not revenue figures. The Company has substantial
receivables outstanding, which should be received in the current
quarter.
Should you require any additional information, please do not hesitate
to contact this office.
J Palermo
COMPANY SECRETARY
APPENDIX 4C
QUARTERLY REPORT FOR ENTITIES
ON BASIS OF COMMITMENTS
Name of entity
Advantage Telecommunications Limited
ABNQuarter ended ("current quarter")
97 009 212 293 30/06/2002
CONSOLIDATED STATEMENT OF CASH FLOWS
Cash flows related to Current Year to date
operating activities Quarter (12 months)
AUD AUD
1.1 Receipts from customers 1,807,132 2,995,198
1.2 Payments for
(a) staff costs (965,999) (2,890,848)
(b) advertising & marketing (61,921) (90,022)
(c) research & development - -
(d) leased assets - -
(e) other working capital (2,709,082) (8,269,166)
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 20,924 89,191
1.5 Interest and other costs of
finance paid (1,696) (1,696)
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -
1.8 Net Operating Cash Flows (1,910,642) (8,167,343)
Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5) - (2,568,001)
(b) equity investments - -
(c) intellectual property - -
(d) physical non-current assets (667,143) (1,411,244)
(e) other non-current assets - -
1.10 Proceeds from disposal of:
(a) businesses - -
(b) equity investments - -
(c) intellectual property - -
(d) physical non-current assets - 4,545
(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 (667,143) (3,974,700)
1.14 Total operating and
investing cash flows (2,577,785) (12,142,043)
Cash flows related to financing activities
1.15 Proceeds from issues of
shares, options, etc. 4,483,788 12,668,990
1.16 Proceeds from sale of
forfeited shares - -
1.17 Proceeds from borrowings - 2,743,229
1.18 Repayment of borrowings (144,192) -
1.19 Dividends paid - -
1.20 Other (provide details if material) - -
Net financing cash flows 4,339,596 15,412,219
Net increase (decrease) in cash held 1,761,811 3,270,176
1.21 Cash at beginning of quarter/
year to date 2,849,724 1,341,359
1.22 Exchange rate adjustments to item 1.20 - -
1.23 Cash at end of quarter 4,611,535 4,611,535
PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS
PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES
Current Quarter
AUD
1.24 Aggregate amount of payments to
the parties included in item 1.2 401,336
1.25 Aggregate amount of loans to the
parties included in item 1.11 -
1.26 Explanation necessary for an understanding
of the transactions
-
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
During the Period the Company restructure included the following
non cash transactions:
1 Consolidation of the capital of the Company so that every two
existing shares were consolidated into one shareand the number
of shares on issue reduced from approximately 94.9 million shares
to 47.45 million shares.
2 The issue of 37.5 million share (post consolidation) to the
minority shareholders of Advantage Telecommunications Limited in Hong
Kong to acquire the remaining 40% of that company.
3 The disposal of all mining assets for 11.5 million shares in
Pelican Resources Limited and the subscription for 12.5 million
shares in Pelican Resources Limited at 20cents per share.
4 Distribution of the 24 million Pelican Resources Shares to the
Company's shareholders as a distribution in specie on a pro rata
basis and the reduction in capital by $4.8 million.
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
-
FINANCING FACILITIES AVAILABLE
Add notes as necessary for an understanding of the position.
Amount Amount
available used
AUD AUD
3.1 Loan facilities 1,900,000 1,900,000
3.2 Credit standby arrangements - -
RECONCILIATION OF CASH
Reconciliation of cash at the end Current Previous
of the quarter (as shown in the quarter quarter
consolidated statement of cash flows) AUD AUD
to the related items in the accounts
is as follows.
4.1 Cash on hand and at bank 317,080 515,649
4.2 Deposits at call 4,294,455 2,382,664
4.3 Bank overdraft - (48,589)
4.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 4,611,535 2,849,724
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 ofbusiness - -
COMPLIANCE STATEMENT
1. This statement has been prepared under accounting policies which
comply with accounting standards as defined in the Corporations Law
or other standards acceptable to ASX.
2. This statement does give a true and fair view of the matters
disclosed.
J Palermo
COMPANY SECRETARY Date: 31/07/2002
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