| Appendix 5B | |
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QUARTERLY STATEMENT OF CONSOLIDATED CASH FLOW
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entity
EASTERN IRON LIMITED
Rule 5.3
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ABN
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Quarter ended ("current quarter")
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70 126 678 037
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31 December 2015
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Consolidated statement of cash flows
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Cash flows related to operating activities
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Current quarter 31 December 2015
$A'000
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Year to date (6 months)
31 December 2015
$A'000
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1.1
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Receipts from product sales and related debtors
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0
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0
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1.2
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Payments for (a) exploration and evaluation
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(15)
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(65)
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(b) development
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0
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0
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(c) production
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0
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0
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(d) administration
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(133)
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(217)
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1.3
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Dividends received
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0
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0
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1.4
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Interest and other items of a similar nature received
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0
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0
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1.5
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Interest and other costs of finance paid
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0
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0
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1.6
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Income taxes paid/received on R&D tax offset
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0
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281
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1.7
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Other - consulting fees and rental income
- tenement security deposits (paid)/refunded
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0
0
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0
0
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Net Operating Cash Flows
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(148)
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(1)
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Cash flows related to investing activities
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0
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0
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1.8
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Payment for purchases of: (a) prospects
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(b) equity investments
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0
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0
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(c) other fixed assets
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0
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0
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1.9
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Proceeds from sale of: (a) prospects
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0
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0
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(b) equity investments
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0
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0
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(c) other fixed assets
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0
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0
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1.10
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Loans to other entities
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0
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0
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1.11
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Loans repaid by other entities
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0
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0
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1.12
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Other
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0
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0
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Net investing cash flows
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0
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0
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1.13
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Total operating and investing cash flows (carried forward)
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(148)
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(1)
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Current quarter
$A'000
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Year to date
$A'000
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1.13 Total operating and investing cash flows (brought forward)
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(148)
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(1)
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Cash flows related to financing activities
-
Proceeds from issues of shares, options, etc
-
Proceeds from sale of forfeited shares
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Proceeds from borrowings
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Repayment of borrowings
-
Dividends paid
-
Other - Equity raising costs
Share Capital Applications*
Net financing cash flows
|
0
0
0
0
0
(15)
1,000
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0
0
0
0
0
(15)
1,000
|
|
985
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985
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Net increase (decrease) in cash held
-
Cash at beginning of quarter/year to date
-
Exchange rate adjustments to item 1.20
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Cash at end of quarter
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837
231
0
|
984
84
0
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1,068
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1,068
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*Note: At the Company's AGM on 10 December 2015, shareholders approved the issue of 133,333,333 shares at $0.015 per share to Fortune Future Holdings Ltd to raise $2 million. $1 million was received in the December 2015 quarter and the remaining $1 million was received in January 2016. The 133,333,333 shares were issued to Fortune Future Holdings Ltd on 14 January 2016.
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
Directors' fees and consultancy fees at normal commercial rates
$A'000
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1.23
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Aggregate amount of payments to the parties included in item 1.2
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20
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1.24
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Aggregate amount of loans to the parties included in item 1.10
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Nil
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1.25
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Explanation necessary for an understanding of the transactions
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Non-cash financing and investing activities
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2.1
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Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
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At the Company's AGM on 10 December 2015, shareholders approved the issue of 133,333,333 shares at $0.015 per share to Fortune Future Holdings Ltd to raise $2 million. $1 million was received in the December 2015 quarter and the remaining $1 million was received in January 2016. The 133,333,333 shares were issued to Fortune Future Holdings Ltd on 14 January 2016.
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2.2
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Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
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None
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Financing facilities available
Add notes as necessary for an understanding of the position.
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Amount available
$A'000
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Amount used
$A'000
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3.1
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Loan facilities
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Nil
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Nil
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3.2
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Credit standby arrangements
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Nil
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Nil
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Estimated cash outflows for next quarter
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-
Exploration and evaluation
-
Development
-
Production
-
Administration
|
$A'000
|
|
200
|
|
0
|
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0
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169
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Total
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369
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Reconciliation of cash
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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
$A'000
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Previous quarter
$A'000
|
-
Cash on hand and at bank
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Deposits at call
-
Bank overdraft
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Other - bills receivable, bank accepted and short term bank deposits
- Share capital applicatons
|
44
|
207
|
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24
|
24
|
|
0
|
0
|
|
0
1,000
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0
0
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Total: cash at end of quarter (item 1.22)
|
1,068
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231
|
Changes in interests in mining tenements
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Tenement reference
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Nature of interest (note (2))
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Interest at beginning of quarter
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Interest at end
of quarter
|
|
|
|
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-
Interests in mining tenements relinquished, reduced or lapsed
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Interests in mining tenements acquired or increased
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6.3
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The full Eastern Iron schedule of tenements is included as an attachment to this report.
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Eastern Iron Limited
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CODE : EFE.AX |
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ProfileMarket
IndicatorsVALUE :
Projects & res.Press
releasesAnnual
reportRISK :
Asset profileContact Cpy |
Eastern Iron is a exploration company based in Australia. Eastern Iron holds various exploration projects in Australia. Its main exploration properties are MAINLINE PROJECT and COBAR PROJECT in Australia. Eastern Iron is listed in Australia. Its market capitalisation is AU$ 2.0 millions as of today (US$ 1.3 millions, € 1.2 millions). Its stock quote reached its highest recent level on January 21, 2011 at AU$ 0.24, and its lowest recent point on March 20, 2020 at AU$ 0.00. Eastern Iron has 285 860 000 shares outstanding. |