Investor Relations

Commitments Test Entity - First Quarter Report

Back Oct 31, 2001
Q MULTIMEDIUM LIMITED                         2001-10-31  ASX-SIGNAL-G

HOMEX - Perth                                                         

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Attached is the Appendix 4C for the quarter ended 30 September 2001,
reporting an operating cash deficit of $324,000 after receipts from
customers of $1,056,000,

The Company as at 30 September has positive working capital of
$380,000, cash at bank of $251,000 and an unused bank overdraft limit
of $300,000.

During the quarter the company installed and commissioned a
Heidelberg Speedmaster Colour Offset Press costing approximately $2.3
million, which increases revenue capacity per month by more than
$500,000.

The commissioning, which was not properly completed until early
October 2001, had an effect on costs and revenue during the
commissioning period.

Jumbuck's revenue for the September quarter was as per budget,
however, receipts were down. This was corrected in October.

During the September quarter the Company incurred a number of one off
expenses, attributed to the finalisation of the multimedia business,
which has been previously disclosed the ASX.

The Company is continually revising its costs and efficiency
structures with the specific objective of improving operating margins
and return on funds invested.

The Company confirms that it continues to comply with the Listing
Rules and, in particular, Listing Rule 3.1. In addition, the company
further confirms that it complies with Listing Rule 12.2.


D J Berinson
SECRETARY


                        APPENDIX 4C
               QUARTERLY REPORT FOR ENTITIES
                  ON BASIS OF COMMITMENTS

Name of entity
Q Multimedium Limited

ACN or ARBN                Quarter ended ("current quarter")
083 160 909                30/09/2001

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows related to                          Current   Year to date 
operating activities                           Quarter   (3 months)
                                               AUD'000      AUD'000

1.1  Receipts from customers                         1,056        1,056
1.2  Payments for         
       (a) staff costs                           (634)        (634)
       (b) advertising & marketing                 (4)          (4)
       (c) research & development                    -            -
       (d) leased assets                           (6)          (6)
       (e) other working capital                 (733)        (733)
1.3  Dividends received                              -            -
1.4  Interest and other items of
     a similar nature received                       6            6
1.5  Interest and other costs of
     finance paid                                  (9)          (9)
1.6  Income taxes paid                               -            -
1.7  Other (provide details if material)             -            -

1.8  Net Operating Cash Flows                    (324)        (324)

Cash flows related to investing activities                
1.9  Payment for acquisition of:        
       (a) businesses (item 5)                       -            -
       (b) equity investments                     (60)         (60)   
       (c) intellectual property                     -            -   
       (d) physical non-current assets         (2,333)      (2,333)   
       (e) other non-current assets                  -            -
1.10  Proceeds from disposal of:        
       (a) businesses                                -            -
       (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)           (9)          (9)

     Net investing cash flows                  (2,402)      (2,402)
 
1.14 Total operating and
     investing cash flows                      (2,726)      (2,726)

Cash flows related to financing activities                
1.15 Proceeds from issues of
     shares, options, etc.                           -            -
1.16 Proceeds from sale of
     forfeited shares                                -            -
1.17 Proceeds from borrowings                    2,508        2,508
1.18 Repayment of borrowings                      (16)         (16)
1.19 Dividends paid                                  -            -
1.20 Other (provide details if material)             -            -

     Net financing cash flows                    2,492        2,492

     Net increase (decrease) in cash held        (234)        (234)

1.21 Cash at beginning of quarter/
     year to date                                  485          485

1.22 Exchange rate adjustments to item 1.20          -            -

1.23 Cash at end of quarter                        251          251


PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS
PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES

                                                       Current Quarter
                                                           AUD'000

1.24 Aggregate amount of payments to
     the parties included in item 1.2                          153

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

1.26 Explanation necessary for an understanding
     of the transactions

 Salaries and Fees paid to Executive and Non-Executive Directors, and
 to a full-time employee, being an associate of a Director.

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

 The Company acquired the remaining 50% of Jumbuck Corporation Ltd
 not already owned by it through an allotment and issue of 12 million
 fully paid ordinary shares, a grant of 5 million Options, and payment
 of $60,000 cash. Details have previously been supplied to ASX.

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
        
 N/A


FINANCING FACILITIES AVAILABLE
Add notes as necessary for an understanding of the position.

                                                Amount       Amount
                                              available       used
                                               AUD'000      AUD'000

3.1  Loan facilities                               300          179
Fluctuating overdraft facility of $300,000
with Bank of Western Australia Ltd
3.2  Credit standby arrangements                     -            -



RECONCILIATION OF CASH

Reconciliation of cash at the end              Current     Previous
of the quarter (as shown in the                quarter      quarter
consolidated statement of cash flows)          AUD'000      AUD'000
to the related items in the accounts 
is as follows.

4.1  Cash on hand and at bank                      430          560
4.2  Deposits at call                                -            -
4.3  Bank overdraft                              (179)         (75)
4.4  Other (provide details)                         -            -

     Total: cash at end of quarter (item 1.22)     251        (485)




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 Law
   or other standards acceptable to ASX.

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

D J Berinson                     
COMPANY SECRETARY            Date: 31/10/2001

 

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