Beam Communications : pdf Appendix 4C December Quarter 2020 (158 KB)

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Beam Communications Holdings Limited

ABN	Quarter ended ("current quarter")
39 010 568 804	31 December 2020

Consolidated statement of cash flows	Current quarter	Year to date
			$A'000	(6 months)
				$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	4866	9015
1.2	Payments for
	(a)	research and development
	(b) product manufacturing and operating	(3685)	(7064)
		costs
	(c)	advertising and marketing
	(d)	leased assets
	(e)	staff costs	(1109)	(1984
	(f) administration and corporate costs
1.3	Dividends received (see note 3)
1.4	Interest received	-	-
1.5	Interest and other costs of finance paid	(23)	(60)
1.6	Income taxes paid	-	(3)
1.7	Gov grants and tax incentives - Covid19	97	449
1.8	Other (provide details if material) -Rent/GST	(86)	(141)
1.9	Net cash from / (used in) operating	60	212
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a)	entities
	(b)	businesses
	(c) property, plant and equipment	(9)	(9)
	(d)	investments
	(e)	intellectual property

ASX Listing Rules Appendix 4C (17/07/20)	Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter	Year to date
			$A'000	(6 months)
				$A'000
	(f)	other non-current assets - product dev	(623)	(1189)
		capitalised
2.2	Proceeds from disposal of:
	(a)	entities
	(b)	businesses
	(c)	property, plant and equipment	-	-
	(d)	investments
	(e)	intellectual property
	(f)	other non-current assets
2.3	Cash flows from loans to other entities
2.4	Dividends received (see note 3)
2.5	Other (providedetails if material)-R&D grant	-	-
2.6	Net cash from / (used in) investing	(632)	(1198)
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities	5318	5318
	(excluding convertible debt securities)

3.2 Proceeds from issue of convertible debt securities

3.3	Proceeds from exercise of options	177	177
3.4	Transaction costs related to issues of	(358)	(358)
	equity securities or convertible debt
	securities
3.5	Proceeds from borrowings - NAB Support	-	500
	Loan (Covid-19)
3.6	Repayment of borrowings	(1091)	(1091)

3.7 Transaction costs related to loans and borrowings

3.8	Dividends paid
3.9	Other (provide details if material) - JV net	-	-
	funding
3.10	Net cash from / (used in) financing	4046	4546
	activities

ASX Listing Rules Appendix 4C (17/07/20)	Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter	Year to date
	$A'000	(6 months)
		$A'000

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1	Cash and cash equivalents at beginning of	960	874
	period
4.2	Net cash from / (used in) operating	60	212
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(632)	(1198)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	4046	4546
	(item 3.10 above)

4.5 Effect of movement in exchange rates on cash held

4.6	Cash and cash equivalents at end of	4434	4434
	period

5.	Reconciliation of cash and cash	Current quarter	Previous quarter
	equivalents	$A'000	$A'000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	4434	960
5.2	Call deposits
5.3	Bank overdrafts	-	-
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of	4434	960
	quarter (should equal item 4.6 above)

6.	Payments to related parties of the entity and their	Current quarter
	associates	$A'000
6.1	Aggregate amount of payments to related parties and their	1814
	associates included in item 1 - including repayment of loan $950k

6.2 Aggregate amount of payments to related parties and their associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

Payments for subcontract manufactured products and related activities on an arm's length basis.

ASX Listing Rules Appendix 4C (17/07/20)	Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

7.	Financing facilities	Total facility	Amount drawn at
	Note: the term "facility' includes all forms of financing	amount at quarter	quarter end
	arrangements available to the entity.	end	$A'000
	Add notes as necessary for an understanding of the
	$A'000
	sources of finance available to the entity.
7.1	Loan facilities	720	-
7.2	Credit standby arrangements
7.3	Other(pleasespecify) -Secured Term Loan	500	500
7.4	Total financing facilities	1220	500
7.5	Unused financing facilities available at quarter end	720

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

AUD overdraft $300,000 and USD overdraft US$320,000 (=A$420,000) with National

Australia Bank secured by fixed & floating charge. The secured term loan facility from shareholder SGV1 Holdings Limited of US$2,000,000

(=A$2,820,000) which had been drawn to US$666,000 (=A$950,000) was repaid in full and the facility cancelled on 28 October 2020.

On 1 July the NAB granted Beam a 3 year low interest term loan of $500,000 part secured by the Australian government under their Covid19 relief program.

On 19 October 2020 the Company completed capital raising arrangements for a total of $5.3m, receiving cash from the first tranche placement of $3.3m on that day. A further $2.0m was received by early December following shareholder approval for tranche two on 30 November 2020.

8. Estimated cash available for future operating activities

8.1 Net cash from / (used in) operating activities (item 1.9)

8.2 Cash and cash equivalents at quarter end (item 4.6)

8.3 Unused finance facilities available at quarter end (item 7.5) -

8.4 Total available funding (item 8.2 + item 8.3)

8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1)

$A'000

60

4434

720

5154

N/A

Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5.

8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer:

ASX Listing Rules Appendix 4C (17/07/20)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.