Quarterly Cashflow
October 16 2007 - 6:05AM
UK Regulatory
RNS Number:7727F
Investika Ltd
16 October 2007
INVESTIKA LTD
("the Company")
QUARTERLY CASHFLOW
16 October 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
James Joyce / David Porter
WH Ireland Limited
Telephone: 020 7220 1666
Appendix 4C
Quarterly report
for entities admitted
on the basis of commitments
Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.
Name of entity
INVESTIKA LTD
ABN Quarter ended ("current quarter")
45 000 673 423 30 SEPTEMBER 2007
Consolidated statement of cash flows
Current quarter Year to date (9.months)
Cash flows related to operating activities $A'000 $A'000
1.1 Receipts from customers - 188
1.2 Payments for (a) staff costs (157) (506)
(b) advertising and marketing - -
(c) research and development - -
(d) leased assets - -
(e) other working capital (1,072) (2,193)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature 32 64
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 (73) (178)
- Internet and communication charges (5) (13)
- Rent & Office (17) (51)
- Other operating expenses (43) (177)
- Recovery of working capital advanced - 2,460
Net operating cash flows (1,335) (406)
Current quarter Year to date
(.9.months)
$A'000
$A'000
1.8 Net operating cash flows (carried forward) (1,335) (406)
Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5) - -
(b) equity investments (2) (301)
(c) intellectual property - -
(d) physical non-current assets (2) (2)
(e) other non-current assets - -
1.10 Proceeds from disposal of:
(a) businesses (item 5) - -
(b) equity investments 914 914
(c) intellectual property - -
(d) physical non-current assets - -
(e) other non-current assets - -
1.11 Loans to other entities (1,271) (1,753)
1.12 Loans repaid by other entities - 23
1.13 Other (provide details if material) - -
Net investing cash flows (361) (1,119)
1.14 Total operating and investing cash flows (1,696) (1,525)
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 (1,696) (1,525)
1.21 Cash at beginning of quarter/year to date 2,225 2,054
1.22 Exchange rate adjustments to item 1.20 - -
1.23 Cash at end of quarter 529 529
Included in item 1.2 (e) 'payments for other working capital' for the quarter
are payments of $1,072,000 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 Tarquin Resources plc at a cost
of $2,000.
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 1.2 146
1.25 Aggregate amount of loans to the parties included in item 1.11 1,271
1.26 Explanation necessary for an understanding of the transactions
1.24 Relates to Directors' Remuneration and Rent paid.
1.25 Relates to a short-term loan advanced to Tarquin Resources plc, which company is the
Company's Joint Venture Partner developing the Las Pascualas copper project.
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 $A'000
4.1 Cash on hand and at bank 143 15
4.2 Deposits at call 214 2,041
4.3 Bank overdraft - -
4.4 Other (US$ account) 172 169
Total: cash at end of quarter (item 1.23) 529 2,225
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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