Quarterly Cash Flow
April 18 2007 - 6:15AM
UK Regulatory
RNS Number:0558V
Investika Ltd
18 April 2007
INVESTIKA LTD
("the Company")
18 April 2007
Please find enclosed the Company's ASX Appendix 4C announcement relating to its
quarterly cash flow report required under ASX rules
Enquires to:
Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480
Paul Dudley/James Joyce
WH Ireland Limited
Telephone: 020 7220 1666
Name of entity
INVESTIKA LTD
ABN Quarter ended ("current quarter")
45 000 673 423 31 MARCH 2007
Consolidated statement of cash flows
Current quarter Year to date (3.months)
Cash flows related to operating activities $A'000 $A'000
1.1 Receipts from customers - 8
1.2 Payments for (a) staff costs (186) (186)
(b) advertising and - -
marketing
(c) research and
development - -
(d) leased assets - -
(e) other working
capital (846) (846)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature 16 16
received
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material)
- Audit, tax, legal and professional
fees and annual report (43) (43)
- Internet and communication charges (5) (5)
- Rent & Office (17) (17)
- Other operating expenses (94) (94)
Net operating cash flows (1,175) (1,175)
Current quarter Year to date
(.3.months)
$A'000 $A'000
1.8 Net operating cash flows (carried forward) (1,175) (1,175)
Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5) - -
(b) equity investments (252) (252)
(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 (252) (252)
1.14 Total operating and investing cash flows (1,427) (1,427)
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) - -
Net financing cash flows - -
Net increase (decrease) in cash held (1,427) (1,427)
1.21 Cash at beginning of quarter/year to date 2,054 2,054
1.22 Exchange rate adjustments to item 1.20 - -
1.23 Cash at end of quarter 627 627
Included in item 1.2 (e) 'payments for other working capital' for the quarter
are payments of $635,000 in respect of the Company's pro-rata share of
development expenditure in respect of the Berong nickel project and payments of
$211,000 in respect of the Company's pro-rata share of development expenditure
in respect of the Las Pascualas copper project.
Included in item 1.9(b) 'payment for acquisition of equity investments' for the
quarter is the purchase of additional shares in (i) UMC Energy plc at a cost of
$226,000; and (ii) Tarquin Resources plc at a cost of $26,000.
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 1.2 130
1.25 Aggregate amount of loans to the parties included in item 1.11 -
1.26 Explanation necessary for an understanding of the transactions
1.24 Relates to Directors' Remuneration and Rent paid.
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
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.
Financing facilities available
Add notes as necessary for an understanding of the position. (See AASB 1026
paragraph 12.2).
Amount available Amount used
$A'000 $A'000
3.1 Loan facilities
Nil Nil
3.2 Credit standby arrangements
Nil Nil
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as Current quarter Previous quarter
shown in the consolidated statement of cash flows)
to the related items in the accounts is as follows. $A'000 $A'000
4.1 Cash on hand and at bank 21 36
4.2 Deposits at call 270 1,213
4.3 Bank overdraft - -
4.4 Other (US$ account) 336 805
Total: cash at end of quarter (item 1.23) 627 2,054
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.
2 This statement does give a true and fair view of the matters disclosed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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