Investor Relations

Commitments Test Entity - Third Quarter Report

Back Apr 30, 2001
Q MULTIMEDIUM LIMITED                         2001-04-30  ASX-SIGNAL-G

HOMEX - Perth                                                         

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NOTES TO THE APPENDIX 4C

The company has reported a negative operating cash flow for the 
quarter ended 31/03/2001 of $88,000, this is down from the negative 
$473,000 and $439,000 reported in the the first two quarters 
respectively.

Receipts from customers were up $396,000 over the previous quarter, 
largely as a result of improved sales in the multimedia division.

This result was in line with expectations and included non-recurring 
expenses of $55,00 relating to payments to departing employees. The 
merging of the operations of the company's Melbourne Office and 
Jumbuck Corporation Limited, in anticipation of Jumbuck becoming a 
wholly owned subsidiary will result in greater efficiencies for the 
east coast operations.

During the quarter, the final $100,000 was paid in regard to the 
acquisition of 50% of Jumbuck Corporation limited.

As announced to the market on 28/02/2001 the company has made a fully
underwritten rights issue of 17 M shares, to raise approximately $1.7 
M after meeting the costs of the issue. These funds are to be used for
general working capital, the commercialisation of Jumbuck, the 
development of QMM's alliance with Ernst & Young - Perth and 
opportunities in regard to the development of Digital Asset Management
Systems relating to Granada West.

The company will continue its focus on revenue generation and its 
tight control on overheads and costs.


                        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                - March 2001

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows related to                          Current   Year to date 
operating activities                           Quarter   (9 months)
                                               AUD'000      AUD'000

1.1  Receipts from customers                     1,813        4,356
1.2  Payments for         
       (a) staff costs                         (1,108)      (3,422)
       (b) advertising & marketing                 (5)         (58)
       (c) research & development                    -            -
       (d) leased assets                           (7)         (24)
       (e) other working capital                 (769)      (1,846)
1.3  Dividends received                              -            -
1.4  Interest and other items of
     a similar nature received                       -           14
1.5  Interest and other costs of
     finance paid                                 (12)         (21)
1.6  Income taxes paid                               -            -
1.7  Other (provide details if material)             -            -

1.8  Net Operating Cash Flows                     (88)      (1,001)

Cash flows related to investing activities                
1.9  Payment for acquisition of:        
       (a) businesses (item 5)                       -            -
       (b) equity investments                    (100)        (397)   
       (c) intellectual property                     -            -   
       (d) physical non-current assets             (9)        (230)   
       (e) other non-current assets                  -            -
1.10  Proceeds from disposal of:        
       (a) businesses                                -            -
       (b) equity investments                        -            -   
       (c) intellectual property                     -            -   
       (d) physical non-current assets               -           39   
       (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                    (109)        (588)
 
1.14 Total operating and
     investing cash flows                        (197)      (1,589)

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                        -          169
1.18 Repayment of borrowings                      (11)         (15)
1.19 Dividends paid                                  -            -
1.20 Other (provide details if material)             2            2

     Net financing cash flows                      (9)          156

     Net increase (decrease) in cash held        (206)      (1,433)

1.21 Cash at beginning of quarter/
     year to date                                   23        1,250

1.22 Exchange rate adjustments to item 1.20          -            -

1.23 Cash at end of quarter                      (183)        (183)


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                          138

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

1.26 Explanation necessary for an understanding
     of the transactions

 N/A

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

 N/A

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          210
3.2  Credit standby arrangements                     -            -

NOTE: (**)

Fluctuating overdraft facility of $300,000 with Bank of Western 
Australia.

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                       27           23
4.2  Deposits at call                                -            -
4.3  Bank overdraft                              (210)            -
4.4  Other (provide details)                         -            -

     Total: cash at end of quarter (item 1.22)   (183)           23




ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES

                                 Acquisitions        Disposals
                                 (item 1.9(a))      (Item 1.10(a))

5.1 Name of entity               N/A               -              

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.

K M Stedman                     
DIRECTOR            Date: 30/04/2001

 

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