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Cashflow June 15 Release 5B v1 draft ready update.xlsx
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APPENDIX 5B
Mining exploration entity quarterly report
TORO ENERGY LTD
Quarter ended
ABN. 48 117 127 590 June 2015
Consolidated statement of cash flows (Note 6.0) Cash flows related to operating activities
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration and evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other - R&D refund
Net Operating Cash Flows
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
1.10 Loans to other entities
1.11 Loans repaid by other entities
1.12 Other
Net Investing cash flows
1.13 Total operating and investing cash flows
(carried forward)
|
1.13 Total operating and investing cash flows
(brought forward)
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(2,383)
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(8,690)
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|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc
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 (Costs of share issue, Unitisation deed and loan transaction costs)
Net financing cash flows
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter / year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
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2,500
-
-
-
- (31)
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14,904
-
10,000
-
- (478)
|
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc
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 (Costs of share issue, Unitisation deed and loan transaction costs)
Net financing cash flows
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter / year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
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2,469
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24,426
|
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc
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 (Costs of share issue, Unitisation deed and loan transaction costs)
Net financing cash flows
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter / year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
|
86
22,801
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15,736
7,151
|
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc
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 (Costs of share issue, Unitisation deed and loan transaction costs)
Net financing cash flows
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter / year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
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-
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-
|
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc
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 (Costs of share issue, Unitisation deed and loan transaction costs)
Net financing cash flows
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter / year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
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22,887
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22,887
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Payments to directors of the entity and associates of the directors related entities of the entity and associates of the
related entities
Current quarter $A'000
1.23 Aggregate amount of payments to the parties included in item 1.2 164
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
Directors' fees, wages, expenses and superannuation for the quarter
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
Nil
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Financing facilities available
3.1 Loan facilities (A$12m MBL debt facility)
3.2 Credit standby arrangements
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Amount available
$A'000
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Amount used
$A'000
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|
Financing facilities available
3.1 Loan facilities (A$12m MBL debt facility)
3.2 Credit standby arrangements
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0
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12,000
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Financing facilities available
3.1 Loan facilities (A$12m MBL debt facility)
3.2 Credit standby arrangements
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-
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-
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Estimate
4.1
4.2
4.3
4.4
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d cash outflows for next quarter
Exploration and evaluation: Development
Production
Administration
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$A'000
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Estimate
4.1
4.2
4.3
4.4
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d cash outflows for next quarter
Exploration and evaluation: Development
Production
Administration
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1,985
-
-
1,612
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Estimate
4.1
4.2
4.3
4.4
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Total
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3,597
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Reconcil
5.1
5.2
5.3
5.4
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iation of cash
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Reconcil
5.1
5.2
5.3
5.4
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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.
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Current quarter
$A'000
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Previous quarter
$A'000
|
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Reconcil
5.1
5.2
5.3
5.4
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Cash on hand and at bank
Deposits at call
Bank overdraft
Other (provide details)
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3,387
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801
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Reconcil
5.1
5.2
5.3
5.4
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Cash on hand and at bank
Deposits at call
Bank overdraft
Other (provide details)
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19,500
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22,000
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Reconcil
5.1
5.2
5.3
5.4
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Cash on hand and at bank
Deposits at call
Bank overdraft
Other (provide details)
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Reconcil
5.1
5.2
5.3
5.4
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Cash on hand and at bank
Deposits at call
Bank overdraft
Other (provide details)
|
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Total: cash at end of quarter (item 1.22)
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22,887
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22,801
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Changes in interests in mining tenements
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6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
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Tenement
reference
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Nature of interest
(note 2)
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Interest at
beginning of quarter
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Interest at
end of quarter
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6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
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See Annexure 1
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Issued and quoted securities at end of current quarter
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Total number
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Number
quoted
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Issue price per
security (cents)
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Amount paid up
per security (cents)
|
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7.1 Preference securities
(description)
7.2 Changes during quarter (a) Increases through issues
(b) Decreases through returns of capital, buy-
backs, redemptions
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7.3 Ordinary securities
7.4 Changes during quarter (a) Increases through issues
(b) Decreases through returns of capital, buy- backs
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1,994,142,136
90,372,555
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1,994,142,136
90,372,555
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Fully paid
Fully paid
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Fully paid
Fully paid
|
|
7.5 Convertible debt
securities
(description)
7.6 Changes during quarter (a) Increases through issues
(b) Decreases through securities matured,
converted
|
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7.7 Options (description and conversion factor)
Performance Rights
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24,390,244
3,680,000
5,000,000
1,000,000
35,714,286
42,253,521
250,000
250,000
750,000
500,000
750,000
9,300,000
225,000
5,750,000
8,335,492
2,778,868
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Exercise Price
$0.12
$0.22
$0.22
$0.30
$0.08
$0.14
$0.15
$0.22
$0.11
$0.22
$0.25
$0.13
$0.13
$0.11
$0.00
$0.00
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Expiry Date
1/11/2015
3/01/2016
11/01/2016
11/01/2016
7/03/2016
7/03/2016
25/05/2016
25/05/2016
30/06/2016
30/06/2016
30/06/2016
31/07/2016
25/08/2016
16/01/2017
30/09/2016
1/07/2015
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7.8 Issued during quarter
Performance Rights
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4 of 5
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7.9 Exercised during quarter
Performance Rights
|
|
7.10 Cancelled during quarter
Expired Options
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7.11 Debentures
(totals only)
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7.12 Unsecured notes
(totals only)
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Compliance statement
1.0 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).
2.0 This statement does give a true and fair view of the matters disclosed.
Sign here:… .. Date: 14 Jul 2015
Company Secretary
TODD ALDER
Print name: …………………………………………………..
Notes
1.0 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.
2.0 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.
3.0 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.
4.0 The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5.0 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.
ANNEXURE 1
Changes in interest in mining tenments
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Tenement
reference
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Nature of interest
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l nterest at beginning of quarter•
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lnterest at end of quarter
|
|
P53/1256
ES0/3584
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Expired
Surrendered
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100%
100%
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0%
0%
|
|
|
|
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