WINHA INTERNATIONAL GROUP LTD - FORM 8-K - EX-99.1 - QUARTERLY REPORT FOR ENTITIES SUBJECT TO LISTING RULE 4.7B FILED BY WINHA COMMER - October 31, 2017

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8-K - WINHA INTERNATIONAL GROUP LTDwinha.htm
Exhibit 99.1
Appendix 4C
Quarterly report for entities subject to Listing Rule 4.7B

Name of entity
WINHA COMMERCE AND TRADE INTERNATIONAL LTD
ABN
  
Quarter ended ("current quarter")
605 884 848
  
30 September 2017

Consolidated statement of cash flows
  
Current quarter
 $A'000
    
Year to date (6 months)
 $A'000
  
1.
  
Cash flows from operating activities
    
28,007
      
57,857
  
1.1   Receipts from customers                
1.2
  
Payments for
    
-
      
-
  
    (a) research and development                
   
(b) product manufacturing and operating costs
    
(18,409
)
    
(35,988
)
   
(c) advertising and marketing
    
(2,558
)
    
(2,587
)
   
(d) leased assets
    
(1,871
)
    
(1,899
)
   
(e) staff costs
    
(518
)
    
(947
)
   
(f) administration and corporate costs
    
(1,168
)
    
(1,489
)
1.3
  
Dividends received (see note 3)
    
-
      
-
  
1.4
  
Interest received
    
2
      
6
  
1.5
  
Interest and other costs of finance paid
    
(1
)
    
(2
)
1.6
  
Income taxes paid
    
(3,881
)
    
(8,126
)
1.7
  
Government grants and tax incentives
    
-
      
-
  
1.8
  
Other (provide details if material)
    
-
      
-
  
1.9
  
Net cash from / (used in) operating activities
    
(397
)
    
6,825
  

1
2.
  
Cash flows from investing activities
        
2.1
  
Payments to acquire:
        
   
(a) property, plant and equipment
    
-
      
-
  
   
(b) businesses (see item 10)
    
-
      
-
  
   
(c) investments
    
(132
)
    
(132
)
   
(d) intellectual property
    
-
      
-
  
   
(e) other non-current assets
    
-
      
-
  
2.
   Proceeds from disposal of:                
   
(a) property, plant and equipment
    
-
      
-
  
   
(b) businesses (see item 10)
    
-
      
-
  
   
(c) investments
    
-
      
-
  
   
(d) intellectual property
    
-
      
-
  
   
(e) other non-current assets
    
-
      
-
  
2.3
  
Cash flows from loans to other entities
    
-
      
-
  
2.4
  
Dividends received
    
-
      
-
  
2.5
  
Other (cash acquired in business acquisition)
    
-
      
-
  
2.6
  
Net cash from / (used in) investing activities
    
(132
)
    
(132
)
   
3.
  
Cash flows from financing activities
    
-
      
-
  
3.1   Proceeds from issues of shares                
3.2
  
Proceeds from issue of convertible notes
    
-
      
-
  
3.3
  
Proceeds from exercise of share options
    
-
      
-
  
3.4
  
Transaction costs related to issues of shares, convertible notes or options
    
-
      
-
  
3.5
  
Proceeds from borrowings
    
226
      
226
  
3.6
  
Repayment of borrowings
    
-
      
-
  
3.7
  
Transaction costs related to loans and borrowings
    
-
      
-
  
3.8
  
Dividends paid
    
(3,346
)
    
(3,346
)
3.9
  
Other (provide details if material)
    
(8
)
    
(8
)
3.10
  
Net cash from / (used in) financing activities
    
(3,128
)
    
(3,128
)
 
2
4.
  
Net increase / (decrease) in cash and cash equivalents for the period
    
23,631
      
16,275
  
4.1   Cash and cash equivalents at beginning of quarter/year to date                
4.2
  
Net cash from / (used in) operating activities (item 1.9 above)
    
(397
)
    
6,825
  
4.3
  
Net cash from / (used in) investing activities (item 2.6 above)
    
(132
)
    
(132
)
4.4
  
Net cash from / (used in) financing activities (item 3.10 above)
    
(3,128
)
    
(3,128
)
4.5
  
Effect of movement in exchange rates on cash held
    
394
      
528
  
4.6
  
Cash and cash equivalents at end of quarter
    
20,368
      
20,368
  

5.
  
Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts
  
Current quarter
 $A'000
    
Previous quarter
 $A'000
  
5.1
  
Bank balances
    
20,368
      
23,631
  
5.2
  
Call deposits
    
-
      
-
  
5.3
  
Bank overdrafts
    
-
      
-
  
5.4
  
Other (provide details)
    
-
      
-
  
5.5
  
Cash and cash equivalents at end of quarter (should equal item 4.6 above)
    
20,368
      
23,631
  

6.
  
Payments to directors of the entity and their associates
  
Current quarter
 $A'000
  
6.1
  
Aggregate amount of payments to these parties included in item 1.2
    
96
  
6.2
  
Aggregate amount of cash flow from loans to these parties included in item 2.3
    
-
  
6.3
  
Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
  
   

3
7.
  
Payments to related entities of the entity and their associates
  
Current quarter
 $A'000
  
7.1
  
Aggregate amount of payments to these parties included in item 1.2
    
-
  
7.2
  
Aggregate amount of cash flow from loans to these parties included in item 2.3
    
-
  
7.3
  
Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
  

8.
  
Financing facilities available
Add notes as necessary for an understanding of the position
  
Total facility amount at quarter end
 $A'000
    
Amount drawn at quarter end
 $A'000
  
8.1
  
Loan facilities
    
-
      
-
  
8.2
  
Credit standby arrangements
    
-
      
-
  
8.3
  
Other (please specify)
    
-
      
-
  
8.4
  
Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.
  

9.
  
Estimated cash outflows for next quarter
  
$
A'000
  
9.1
  
Research and development
    
-
  
9.2
  
Product manufacturing and operating costs
    
21,988
  
9.3
  
Advertising and marketing
    
2,045
  
9.4
  
Leased assets
    
280
  
9.5
  
Staff costs
    
451
  
9.6
  
Administration and corporate costs
    
378
  
9.7
  
Other (provide details if material)
    
-
  
9.8
  
Total estimated cash outflows
    
25,142
  

4
10.
  
Acquisitions and disposals of business entities
 (items 2.1(b) and 2.2(b) above)
Acquisitions
Disposals
10.1
  
Name of entity
      
10.2
  
Place of incorporation or registration
      
10.3
  
Consideration for acquisition or disposal
      
10.4
  
Total net assets
      
10.5
  
Nature of business
      


Compliance statement
1
This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2
This statement gives a true and fair view of the matters disclosed.

Sign here:  ............................................................  Date: .............................................
(Director/Company secretary)

Print name:
.........................................................

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
2.
If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.
3.
Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
 
 
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