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

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8-K - FORM 8-K - Unilife Corp	c23716e8vk.htm

Exhibit 99.1

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 24/10/2005

Name of entity

UNILIFE CORPORATION


ARBN		Quarter ended (“current quarter”)

141 042 757		30 September 2011

Consolidated statement of cash flows


				Year to date
	Current quarter			(3 months)
	$US’000			$US’000
Cash flows related to operating activities
1.1 Receipts from customers		1,451			1,451
1.2 Payments for
(a) staff costs		(3,532	)		(3,532	)
(b) advertising and marketing		(58	)		(58	)
(c) research and development		(2,635	)		(2,635	)
(d) leased assets		(57	)		(57	)
(e) other working capital		(2,563	)		(2,563	)

1.3 Dividends received		—			—
1.4 Interest and other items of a similar nature received		30			30
1.5 Interest and other costs of finance paid		(283	)		(283	)
1.6 Income taxes paid		—			—
1.7 Other (provide details if material)		—			—

Net operating cash flows		(7,647	)		(7,647	)


+		See chapter 19 for defined terms.



30/9/2001		Appendix 4C Page 1

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


				Year to date
	Current quarter			(3 months)
	$US’000			$US’000
1.8 Net operating cash flows (carried forward)		(7,647	)		(7,647	)


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		(1,797	)		(1,797	)
(e) other non-current assets		—			—
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 (provide details if material)		—			—


Net investing cash flows		(1,797	)		(1,797	)


1.14 Total operating and investing cash flows		(9,444	)		(9,444	)


Cash flows related to financing activities
1.15 Proceeds from issues of shares, options, etc		466			466
1.16 Proceeds from sale of forfeited shares		—			—
1.17 Proceeds from borrowings		9,087			9,087
1.18 Repayment of borrowings		(483	)		(483	)
1.19 Dividends paid		—			—
1.20 Other (provide details if material)		(26	)		(26	)


Net financing cash flows		9,044			9,044


Net increase (decrease) in cash held		(400	)		(400	)

1.21 Cash at beginning of quarter/year to date		20,458			20,458
1.22 Exchange rate adjustments		(127	)		(127	)


1.23 Cash at end of quarter (note 1)		19,931			19,931


+		See chapter 19 for defined terms.



Appendix 4C Page 2		30/9/2001

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


	Current quarter
	$US’000
1.24 Aggregate amount of payments to the parties included in item 1.2		262
1.25 Aggregate amount of loans to the parties included in item 1.11		—

1.26

Explanation necessary for an understanding of the transactions

Included in the above is directors’ fees and executive director’s remuneration ($210K). A company associated with a director is providing company secretarial, accounting and administrative services in order to maintain compliance with Australian regulations ($52K).

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
	$US’000		$US’000
3.1 Loan facilities		32,282		31,310
3.2 Credit standby arrangements		—		—


+		See chapter 19 for defined terms.



30/9/2001		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
	$US’000		$US’000
4.1 Cash on hand and at bank		16,235		16,760
4.2 Deposits at call		3,696		3,698
4.3 Bank overdraft		—		—
4.4 Other (Term Deposit)		—		—

Total: cash at end of quarter (item 1.23)		19,931		20,458

4.5		Explanation necessary for an understanding of the transactions

		Restricted cash of $2,400 is included in 4.2 Deposits at call amount of $3,696 in the current quarter. This amount fully secures a related borrowing and is not available for use until the amount borrowed is fully repaid.

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			—


+		See chapter 19 for defined terms.



Appendix 4C Page 4		30/9/2001

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

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.



Sign here:	(Director)	Date: 28 October 2011

Print name:	Alan Shortall


+		See chapter 19 for defined terms.



30/9/2001		Appendix 4C Page 5

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

Notes

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.

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 6		30/9/2001

Unilife Corp - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - October 27, 2011

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Unilife Corp Reports