EX-99.1 2 d84060dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Appendix 4C Quarterly reports for entities

admitted on the basis of commitments

Appendix 4C – 2nd Quarter

Quarterly Report

For Entities Admitted on the Basis of Commitments

Introduced 31/3/2000. Amended 30/9/2001

Name of Entity:

Prima BioMed Ltd (ASX:PRR)

 

ABN:

 

      Quarter Ended (“Current Quarter”)
90 009 237 889       31 December 2015

Consolidated Statement of Cash Flows

 

    

Cash flows related to operating activities

       

Current Quarter

$A’000

  

Year-to-Date

$A’000

1.1

   Receipts from customers       346    381

1.2

   Payments for         
   (a) staff costs       (840)    (1,912)
   (b) advertising and marketing       (70)    (113)
   (c) research and development       (1,506)    (2,675)
   (d) leased assets       —      —  
   (e) other working capital       (505)    (2,120)

1.3

   Dividends received       —      —  

1.4

   Interest and other items of a similar nature received       78    168

1.5

   Interest and other costs of finance paid       —      —  

1.6

   Income taxes expense       —      —  

1.7

   Other         
   – (Royalties paid)       (6)    (1,372)
   – (R&D tax refund, grants received)       879    879
        

 

  

 

   Net operating cash flows       (1,624)    (6,764)


Appendix 4C Quarterly reports for entities

admitted on the basis of commitments

 

         

Current Quarter

$A’000

  

Year-to-Date

$A’000

1.8

   Net operating cash flows (carried forward)       (1,624)    (6,764)

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)    (6)
  

(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

      74    74
  

(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

      71    68
        

 

  

 

1.14

   Total operating and investing cash flows       (1,553)    (6,696)

Cash flows related to financing activities

        

1.15

   Proceeds from issues of shares, options, etc.       3,496    13,705

1.16

   Transfer of shares       —      —  

1.17

   Proceeds from borrowings net finance costs       —      13,751

1.18

   Repayment of borrowings       —      (1,639)

1.19

   Dividends paid       —      —  

1.20

   Other—capital raising costs       (247)    (365)
        

 

  

 

Net financing cash flows

      3,249    25,452
        

 

  

 

Net increase (decrease) in cash held

      1,696    18,756

1.21

   Cash at beginning of quarter/year to date       24,394    6,760

1.22

   Exchange rate adjustments to item 1.21       (607)    (33)
        

 

  

 

1.23

   Cash at end of quarter       25,483    25,483


Appendix 4C Quarterly reports 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
$A’000
 

    1.24

   Aggregate amount of payments to the parties included in item 1.2      189   

1.25

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

1.26

   Explanation necessary for an understanding of the transactions   
   Directors’ fees and consulting fees at normal commercial rates   

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

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

Financing Facilities Available

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

 

          Amount Available
$A’000
     Amount Used
$A’000
 

    3.1

   Loan facilities      —           —     

3.2

   Credit standby arrangements      —           —     


Appendix 4C Quarterly reports 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
$A’000
     Previous
Quarter
$A’000
 

    4.1

   Cash on hand and at bank      15,533         10,857   

4.2

   Deposits at call      9,693         13,287   

4.3

   Bank overdraft      —           —     

4.4

   Other (Term Deposit)      257         250   
   Total: Cash at end of quarter (item 1.23)      25,483         24,394   

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 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 Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

 

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

 

Sign Here:       Date: Thursday 7th January 2016

 

LOGO

Company Secretary

Print Name:         Deanne Miller


Appendix 4C Quarterly reports 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.