Microsoft Word - FINAL 1509 App_5B - Sep 2015
Appendix 5B
Rule 5.5
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
HANNANS REWARD LTD
ABN Quarter ended ('current quarter')
52 099 862 129
30 SEPTEMBER 2015
Consolidated statement of cash flows
|
Cash flows related to operating activities
-
Receipts from product sales and related debtors
-
Payments for (a) exploration & evaluation
-
development
-
production
-
administration
-
Dividends received
-
Interest and other items of a similar nature received
-
Interest and other costs of finance paid
-
Income taxes paid
-
Other (provide details if material)
Net Operating Cash Flows
|
Current quarter
$A'000
|
Year to date (3 months)
$A'000
|
|
-
11a
-
- (101)
- 1
-
-
-
|
-
11
-
- (101)
- 1
-
-
-
|
|
(89)
|
(89)
|
|
Cash flows related to investing activities
-
Payment for purchases of:
-
prospects
-
equity investments
-
other fixed assets
-
Proceeds from sale of:
-
prospects
-
equity investments
-
other fixed assets
-
Loans to other entities
-
Loans repaid by other entities
-
Other (Director Loan)
-
Total operating and investing cash flows (carried forward)
Net investing cash flows
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
5
|
5
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
5
|
5
|
|
(84)
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(84)
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a Hannans relinquished 16 Swedish tenements and therefore received a refund of $77,000 from the Mining Inspectorate of Sweden.
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1.13 Total operating and investing cash flows (brought forward)
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(84)
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(84)
|
|
Cash flows related to financing activities
|
-
|
-
|
|
1.14 Proceeds from issues of shares, options, etc.
|
|
1.15 Proceeds from sale of forfeited shares
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-
|
-
|
|
1.16 Proceeds from borrowings
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-
|
-
|
|
1.17 Repayment of borrowings
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(1)
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(1)
|
|
1.18 Dividends paid
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-
|
-
|
|
1.19 Other (provide details if material)
|
-
|
-
|
|
Net financing cash flows
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(1)
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(1)
|
|
Net increase (decrease) in cash held
|
(85)
|
(85)
|
|
1.20 Cash at beginning of quarter/year to date
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475
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475
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1.21 Exchange rate adjustments to item 1.20
|
22
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22
|
|
1.22 Cash at end of quarter
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412b
|
412
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b $240,000 was expected to be received in the Jul-Sep 2015 quarter from Mine Builder Pty Ltd but it is now uncertain when this will be received. Refer to ASX announcements lodged on 12 March 2015 and 31 July 2015 for further details.
Payments to directors of the entity, associates of the directors, payments to related entities of the entity and associates of the related entities
|
Current quarter
$A'000
|
|
1.23
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Aggregate amount of payments to the parties included in item 1.2
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28
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1.24
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Aggregate amount of loans to the parties included in item 1.12
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-
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1.25
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Explanation necessary for an understanding of the transactions
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1.23
Payment of Managing Director's salary, superannuation and taxes.
To assist the Company with managing its cash flow the Managing Director agreed to defer part of his
remuneration from April 2013 to March 2015 (2 years) and the Non-Executive directors agreed to defer their remuneration from January 2014. The Managing Director's deferred salary portion from 1 April 2013 to 31 March 2015 totalled to $212,460 as of 30 September 2015 while the Non-executive directors deferred fees from 1 January 2014 to 30 September 2015 totalled to $174,113.
Non-cash financing and investing activities
-
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
-
Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
N/A
Financing facilities available
Add notes as necessary for an understanding of the position.
|
Amount available
$A'000
|
Amount used
$A'000
|
|
250,000c
|
-
|
|
-
|
-
|
-
Loan facilities
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Credit standby arrangements
c On 22 October 2015 Hannans signed a binding Terms Sheet for a working capital facility of $250,000 with an unrelated third party on normal commercial terms. No funds have been drawn down to date.
Estimated cash outflows for next quarter
|
-
Exploration and evaluation
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Development
-
Production
-
Administration
|
$A'000
|
|
140
|
|
-
|
|
-
|
|
187
|
|
Total
|
327
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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 quarter
$A'000
|
Previous quarter
$A'000
|
-
Cash on hand and at bank
-
Deposits at call
-
Bank overdraft
-
Other (provide details)
|
412
|
412
|
|
-
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-
|
|
-
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-
|
|
-
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-
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Total: cash at end of quarter (item 1.22)
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412d
|
412
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d In addition to the cash at bank Hannans has a working capital facility of $250,000 (nil funds drawn down to date), is currently owed a total of $480,000 by MineBuilder Pty Ltd and a further $320,000 is due from MineBuilder Pty Ltd during December 2015. Hannans holds a personal guarantee from the sole director for the total amount owing.
Continued…
Changes in interests in mining tenements and petroleum tenements
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Tenement reference and location
|
Nature of interest (note (2))
|
Interest at beginning of quarter
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Interest at end of quarter
|
|
|
|
SWEDEN
|
Relinquished
|
100%
|
0%
|
|
Lainio nr 1
|
|
Lannavaara nr 101
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Relinquished
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100%
|
0%
|
|
Lannavaara nr 102
|
Relinquished
|
100%
|
0%
|
|
Lannavaara nr 103
|
Relinquished
|
100%
|
0%
|
|
Lannavaara nr 104
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Relinquished
|
100%
|
0%
|
|
Lumivaara nr 1
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Relinquished
|
100%
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0%
|
|
Lumivaara nr 2
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Relinquished
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100%
|
0%
|
|
Naakajärvi nr 1
|
Relinquished
|
100%
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0%
|
|
Naakajärvi nr 2
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Relinquished
|
100%
|
0%
|
|
Naakajärvi nr 3
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Relinquished
|
100%
|
0%
|
|
Merasjärvi nr 1
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Relinquished
|
100%
|
0%
|
|
Merasjoki nr 3
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Relinquished
|
100%
|
0%
|
|
Parkajoki nr 2
|
Relinquished
|
100%
|
0%
|
|
Tuorerova nr 2
|
Relinquished
|
100%
|
0%
|
|
Tuorerova nr 3
|
Relinquished
|
100%
|
0%
|
|
Våtmyrberget nr 6
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Relinquished
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100%
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0%
|
-
Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
-
Interests in mining tenements and petroleum tenements acquired or increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
|
Total number
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Number quoted
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Issue price per security (see note 3) (cents)
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Amount paid up per security (see note 3) (cents)
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7.1 Preference +securities
|
-
|
-
|
-
|
-
|
|
(description)
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|
7.2 Changes during quarter
|
-
|
-
|
-
|
-
|
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(a) Increases through issues
|
|
(b) Decreases through
|
|
returns of capital, buy-backs,
|
|
redemptions
|
-
|
-
|
-
|
-
|
|
7.3 +Ordinary securities
-
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy-backs
|
721,966,133
|
721,966,133
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
|
7.5 +Convertible debt securities
(description)
|
-
|
-
|
-
|
-
|