Wrap Text
Appendix 5B - Quarterly Cash flow report
Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code:KP2
ISIN: GB00BYP2QJ94
(“Kore Potash” or the “Company”)
Appendix 5B
Mining exploration entity and oil and gas exploration entity
quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Name of entity
KORE POTASH LIMITED
ARBN Quarter ended (“current quarter”)
621 843 614 31 December 2019
Consolidated statement of cash flows Current quarter Year to date
$US’000 $US’000
1. Cash flows from operating activities
1.1 Receipts from customers - -
1.2 Payments for
(a) exploration and evaluation (1,314) (3,792)
(b) development - -
(c) production - -
(d) staff costs (1,216) (3,851)
(e) administration and corporate costs (668) (3,603)
1.3 Dividends received (see note 3) - -
1.4 Interest received 25 56
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid (24) (45)
1.7 Research and development refunds - -
1.8 Other (provide details if material) - -
1.9 Net cash from / (used in) operating
(3,197) (11,235)
activities
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Consolidated statement of cash flows Current quarter Year to date
$US’000 $US’000
2. Cash flows from investing activities
2.1 Payments to acquire: -
(a) property, plant and equipment - (19)
(b) tenements (see item 10) - -
(c) investments - -
(d) other non-current assets - -
2.2 Proceeds from the disposal of:
(a) property, plant and equipment 1 1
(b) tenements (see item 10) - -
(c) investments - -
(d) other non-current assets - -
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other (provide details if material) - -
2.6 Net cash from / (used in) investing
1 (18)
activities
3. Cash flows from financing activities
3.1 Proceeds from issues of shares 1 12,762
3.2 Proceeds from issue of convertible notes - -
3.3 Proceeds from exercise of share options - -
3.4 Transaction costs related to issues of (30) (43)
shares, convertible notes or options
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings - -
3.7 Transaction costs related to loans and - -
borrowings
3.8 Dividends paid - -
3.9 Other (provide details if material) - -
3.10 Net cash from / (used in) financing
(29) 12,719
activities
4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period 10,798 6,187
4.2 Net cash from / (used in) operating
(3,197) (11,235)
activities (item 1.9 above)
4.3 Net cash from / (used in) investing activities
1 (18)
(item 2.6 above)
+ See chapter 19 for defined terms
1 September 2016 Page 2
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Consolidated statement of cash flows Current quarter Year to date
$US’000 $US’000
4.4 Net cash from / (used in) financing activities
(29) 12,719
(item 3.10 above)
4.5 Effect of movement in exchange rates on
5 (75)
cash held
4.6 Cash and cash equivalents at end of
7,578 7,578
period
5. Reconciliation of cash and cash Current quarter Previous quarter
equivalents $US’000 $US’000
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts
5.1 Bank balances 7,578 10,798
5.2 Call deposits - -
5.3 Bank overdrafts - -
5.4 Other (provide details) - -
5.5 Cash and cash equivalents at end of
7,578 10,798
quarter (should equal item 4.6 above)
6. Payments to directors of the entity and their associates Current quarter
$US'000
6.1 Aggregate amount of payments to these parties included in item 1.2 182
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
All transactions included in item 6.1 are for payment of directors fees.
7. Payments to related entities of the entity and their Current quarter
associates $US'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
+ See chapter 19 for defined terms
1 September 2016 Page 3
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
8. Financing facilities available Total facility amount Amount drawn at
Add notes as necessary for an at quarter end quarter end
understanding of the position $US’000 $US’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 $US’000
9.1 Exploration and evaluation 432
9.2 Development -
9.3 Production -
9.4 Staff costs 747
9.5 Administration and corporate costs 1051
9.6 Other (provide details if material) -
9.7 Total estimated cash outflows 2,230
10. Changes in Tenement Nature of interest Interest at Interest
tenements reference beginning at end of
(items 2.1(b) and and of quarter quarter
2.2(b) above) location
10.1 Interests in mining - - - -
tenements and
petroleum tenements
lapsed, relinquished
or reduced
10.2 Interests in mining - - - -
tenements and
petroleum tenements
acquired or increased
+ See chapter 19 for defined terms
1 September 2016 Page 4
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
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: ........(signed electronically) ........................... Date: 30 January 2020
Joint Company Secretary
Print name: Henko Vos.
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 6: Exploration for and Evaluation of Mineral Resources
and 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 standards apply 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.
30 January 2020
JSE Sponsor: Rencap Securities (Pty) Limited
+ See chapter 19 for defined terms
1 September 2016 Page 5
Date: 30-01-2020 09:01:00
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