Unilife Corp - FORM 8-K - EX-99.1 - EXHIBIT 99.1

Unilife Corp - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - February 16, 2010

Attached files

Attached files

Unilife Corp Reports

file	filename
8-K - FORM 8-K - Unilife Corp	c96348e8vk.htm
EX-99.2 - EXHIBIT 99.2 - Unilife Corp	c96348exv99w2.htm

Exhibit 99.1

29 January 2010

Manager of Company Announcements
Australian Stock Exchange Limited
Level 6
20 Bridge Street
SYDNEY NSW 2000

By E-Lodgement

APPENDIX 4C FOR THE PERIOD ENDING 31 DECEMBER 2009

Please find attached the Company’s Appendix 4C for the period ending 31 December 2009.

Please note that the currency is in Australian dollars.

Yours faithfully

JEFF CARTER
Company Secretary

Unilife Medical Solutions Limited

Level 5, 35 Clarence Street, Sydney NSW 2000 T +612 8346 6500 F +612 8346 6511 W www.unilife.com.au ABN 14 008 071 403

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report
for entities admitted
on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001

Name of entity

UNILIFE MEDICAL SOLUTIONS LIMITED


ABN		Quarter ended (“current quarter”)
14 008 071 403		31 December 2009

Consolidated statement of cash flows


				Year to date
	Current quarter			(6 months)
	$A’000			$A’000
Cash flows related to operating activities
1.1 Receipts from customers		2,668			11,750
1.2 Payments for
(a) staff costs		(2,497	)		(4,818	)
(b) advertising and marketing		(199	)		(349	)
(c) research and development (refer to item 1.13)		—			—
(d) leased assets		(154	)		(323	)
(e) other working capital		(3,531	)		(8,518	)
1.3 Dividends received		—			—
1.4 Interest and other items of a similar nature received		152			158
1.5 Interest and other costs of finance paid		(16	)		(73	)
1.6 Income taxes paid		—			—
1.7 Other
- Grants Received		—			—


Net operating cash flows		(3,577	)		(2,173	)


+		See chapter 19 for defined terms.



		Appendix 4C Page 1

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments


				Year to date
	Current quarter			(6 months)
	$A’000			$A’000
1.8 Net operating cash flows (carried forward)		(3,577	)		(2,173	)


Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5)		—			—
(b) equity investments		—			—
(c) intellectual property		—			—
(d) physical non-current assets		(3,485	)		(5,082	)
(e) other non-current assets		(3,482	)		(3,482	)
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 — cash on acquisition of subsidiaries
Other — payments for research and development		(65	)		(169	)


Net investing cash flows		(7,032	)		(8,733	)


1.14 Total operating and investing cash flows		(10,609	)		(10,906	)


Cash flows related to financing activities
1.15 Proceeds from issues of shares, etc.		55,307			55,885
1.16 Proceeds from sale of forfeited shares		—			—
1.17 Proceeds from borrowings		21			21
1.18 Repayment of borrowings		(115	)		(278	)
1.19 Dividends paid		—			—
1.20 Other — share issue (costs) / refunds		(2,842	)		(2,842	)


Net financing cash flows		52,371			52,786


Net increase (decrease) in cash held		41,762			41,880

1.21 Cash at beginning of quarter/year to date		4,625			4,507
1.22 Exchange rate adjustments		—			—


1.23 Cash at end of quarter (note 1)		46,387			46,387


+		See chapter 19 for defined terms.



Appendix 4C Page 2

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

1.26 Explanation necessary for an understanding of the transactions

Included in the above is directors’ fees and executive director’s remuneration ($502K). A company associated with a director is now providing company secretarial, accounting and administrative services in order to maintain compliance with Australian regulations ($195K).


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

		Nil during the quarter

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

		Nil during the quarter

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		3,252		3,252

3.2 Credit standby arrangements		—		—


+		See chapter 19 for defined terms.



		Appendix 4C Page 3

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

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		Previous quarter
	$A’000		$A’000
4.1 Cash on hand and at bank		5,994		4,246

4.2 Deposits at call		40,393		379

4.3 Bank overdraft		—		—

4.4 Other (Term Deposit)		—		—


Total: cash at end of quarter (item 1.22)		46,387		4,625

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 (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

2		This statement gives a true and fair view of the matters disclosed.


+		See chapter 19 for defined terms.



Appendix 4C Page 4

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

Notes

1.		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.		The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

	•		6.2 — reconciliation of cash flows arising from operating activities to operating profit or loss

	•		9.2 — itemised disclosure relating to acquisitions

	•		9.4 — itemised disclosure relating to disposals

	•		12.1(a) — policy for classification of cash items

	•		12.3 — disclosure of restrictions on use of cash

	•		13.1 — comparative information

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.


+		See chapter 19 for defined terms.



		Appendix 4C Page 5

Current quarter

1.24 Aggregate amount of payments to the parties included in item 1.2

1.25 Aggregate amount of loans to the parties included in item 1.11