EX-99.1 2 d189353dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report

for entities admitted

on the basis of commitments

Introduced 31/3/2000. Amended 24/10/2005

Name of entity

UNILIFE CORPORATION

 

ARBN

 

      

Quarter ended (“current quarter”)

 

141 042 757

       31 March 16

Consolidated statement of cash flows

 

Cash flows related to operating activities   

Current quarter

$US’000

   

Year to date

(9 months)

$US’000

1.1   

Receiptsfrom customers

    22,526    42,557
1.2    Payments for        (a) staff costs    (7,497)    (21,868)
  

 (b) advertising and marketing

    (17)    (194)
  

 (c) research and development

    (2,066)    (13,585)
  

 (d) leased assets

    (339)    (1,004)
  

 (e) other working capital

    (9,978)    (14,951)
1.3    Dividends received    —      —  
1.4    Interest and other items of a similar nature received    (78)    (64)
1.5    Interest and other costs of finance paid    (1,949)    (4,008)
1.6    Income taxes paid    —      —  
1.7    Other (provide details if material)    —      —  
     

 

   

 

  

Net operating cash flows

    602    (13,117)
     

 

   

 

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

 

 

 

    

Current quarter

$US’000

   

Year to date

(9 months)

$US’000

1.8       

Net   operating cash flows (carried forward)

    602    (13,117)
     

 

   

 

  

Cash flows related to investing activities

      
1.9        Payment for acquisition of:      
  

 (a) businesses (item 5)

    —      —  
  

 (b) equity investments

    —      —  
  

 (c) intellectual property

    —      —  
  

 (d) physical non-current assets

    (3,807)    (10,557)
  

 (e) other non-current assets

    —      —  
1.10     Proceeds from disposal of:      
  

 (a) businesses (item 5)

    —      —  
  

 (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)    —      —  
     

 

   

 

   Net investing cash flows    (3,807)    (10,557)
     

 

   

 

1.14   

Total operating and investing cash flows

    (3,205)    (23,674)
     

 

   

 

  

Cash flows related to financing activities

      
1.15    Proceeds from issues of shares, options, etc    —      16,559
1.16    Proceeds from sale of forfeited shares    —      —  
1.17    Proceeds from borrowings    30,000    40,600
1.18    Repayment of borrowings    (1,540)    (2,138)
1.19    Dividends paid    —      (280)
1.20    Other (provide details if material)-Restricted shares forfeited in lieu of payroll taxes and payment of financing costs    (1,917)    (2,060)
     

 

   

 

  

Net financing cash flows

    26,543    52,681
     

 

   

 

  

Net increase in cash held

    23,338    29,007
1.21     Cash at beginning of quarter/year to date    20,371    14,703
1.22     Exchange rate adjustments    (16)    (17)
     

 

   

 

1.23     Cash at end of quarter (note 1)    43,693    43,693
     

 

   

 

 

 

+ See chapter 19 for defined terms.

 

Appendix 4C Page 2    30/9/2001

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

 

 

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
$US’000		  

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

      246   
     

 

 

  

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

      —     
     

 

 

  

 

1.26 Explanation necessary for an understanding of the transactions

 

Included in the above is directors’ fees and executive director’s remuneration ($214K); and fees to a company associated with a director that is providing company secretarial, accounting and administrative services in order to maintain compliance with Australian regulations ($32K).

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
Nil during the quarter

 

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
Nil during the quarter

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

 

     Amount available
$US’000		      Amount used
$US’000		  

3.1    Loan facilities

      126,075         126,075   
  

 

 

     

 

 

  

3.2    Credit standby arrangements

      —           —     
  

 

 

     

 

 

  

 

 

+ See chapter 19 for defined terms.

 

30/9/2001    Appendix 4C Page 3

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

 

 

Reconciliation of cash

 

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
$US’000		      Previous quarter
$US’000		  

4.1    Cash on hand and at bank

      41,326         17,699   

4.2    Deposits at call

      2,367         2,672   

4.3    Bank overdraft

      —           —     

4.4    Other (Term Deposit)

      —           —     
     

 

 

     

 

 

  

Total: cash at end of quarter (item 1.23)

      43,693         20,371   
     

 

 

     

 

 

  

 

4.5 Explanation necessary for an understanding of the transactions

 

     Restricted cash of $2,093 is included in 4.2 Deposits at call of $2,367 in the current quarter which fully secures a related borrowing.

Acquisitions and disposals of business entities

 

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

5.1   Name of entity

         —     

5.2   Place of incorporation or registration

         —     

5.3   Consideration foracquisition or disposal

         —     

5.4   Total net assets

         —     

5.5   Nature of business

         —     

 

 

+ See chapter 19 for defined terms.

 

Appendix 4C Page 4    30/9/2001

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

 

 

Compliance statement

 

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

 

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

 

Sign here:   LOGO     Date: 29 April 2016
 

    (Interim President and Chief Executive Officer,

    Senior Vice President, General Counsel and Secretary)

   
Print name:   John Ryan   

 

 

+ See chapter 19 for defined terms.

 

30/9/2001    Appendix 4C Page 5

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

 

 

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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

 

2. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

 

  •   6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss

 

  •   9.2 - itemised disclosure relating to acquisitions

 

  •   9.4 - itemised disclosure relating to disposals

 

  •   12.1(a) - policy for classification of cash items

 

  •   12.3 - disclosure of restrictions on use of cash

 

  •   13.1 - comparative information

 

3. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

 

 

+ See chapter 19 for defined terms.

 

Appendix 4C Page 6    30/9/2001