EX-99.1 2 d762683dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

 

 

+Rule 4.7B

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10, 01/09/16

 

Name of entity   

Immutep Limited

   
ABN    Quarter ended (“current quarter”)

90 009 237 889

   

30 June 2019

 

Consolidated statement of cash flows    Current quarter
$A’000		    

Year to date

(12 months)
$A’000

  

1.

    Cash flows from operating activities     

1.1

   

Receipts from customers

      786       1,232  

1.2

   

Payments for

     
  

(a)   research and development

      (3,917 )      (13,041 ) 
  

(b)   product manufacturing and operating costs

      —         —    
  

(c)   advertising and marketing

      (95 )      (170 ) 
  

(d)   leased assets

      —         —    
  

(e)   staff costs

      (1,072 )      (3,767 ) 
  

(f)   administration and corporate costs

      (463 )      (2,920 ) 

1.3

   

Dividends received (see note 3)

      —         —    

1.4

   

Interest received

      98       410  

1.5

   

Interest and other costs of finance paid

      —         —    

1.6

   

Income taxes paid

      —         —    

1.7

   

Government grants and tax incentives

      34       2,877  

1.8

   

Other (provide details if material)

      —         —    
     

 

 

    

 

 

  

1.9

   

Net cash from / (used in) operating activities

      (4,629 )      (15,379 ) 

 

 

+

See chapter 19 for defined terms

1 September 2016    Page 1

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

 

 

Consolidated statement of cash flows    Current quarter
$A’000		    

Year to date

(12 months)
$A’000

  

2.

   

Cash flows from investing activities

     

2.1

   

Payments to acquire:

     
  

(a)   property, plant and equipment

      (17 )      (40 ) 
  

(b)   businesses (see item 10)

      —         —    
  

(c)   investments

      —         —    
  

(d)   intellectual property

      —         —    
  

(e)   other non-current assets

      —         —    

2.2

   

Proceeds from disposal of:

      —         —    
  

 

(a)   property, plant and equipment

  

(b)   businesses (see item 10)

      —         —    
  

(c)   investments

      —         —    
  

(d)   intellectual property

      —         —    
  

(e)   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 activities

      (17 )      (40 ) 

3.

   

Cash flows from financing activities

     

3.1

   

Proceeds from issues of shares

      —         7,329  

3.2

   

Proceeds from issue of convertible notes

      —         —    

3.3

   

Proceeds from exercise of share options

      —         1,457  

3.4

   

Transaction costs related to issues of shares, convertible notes or options

      (232 )      (786 ) 

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 activities

      (232 )      8,000  

4.

    Net increase / (decrease) in cash and cash equivalents for the period     

4.1

   

Cash and cash equivalents at beginning of quarter/year to date

      21,222       23,476  

4.2

   

Net cash from / (used in) operating activities (item 1.9 above)

      (4,629 )      (15,379 ) 

4.3

   

Net cash from / (used in) investing activities (item 2.6 above)

      (17 )      (40 ) 

4.4

   

Net cash from / (used in) financing activities (item 3.10 above)

      (232 )      8,000  

4.5

   

Effect of movement in exchange rates on cash held

      224       511  
     

 

 

    

 

 

  

4.6

   

Cash and cash equivalents at end of quarter

      16,568       16,568  

 

 

+

See chapter 19 for defined terms

1 September 2016    Page 2

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

 

 

5.

   

Reconciliation of cash and cash equivalents

at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

     

 Current quarter

$A’000

  

 

     

 Previous quarter

$A’000

  

 

5.1

   

Bank balances

      2,215        4,553  

5.2

   

Call deposits

      1,521        2,026  

5.3

   

Bank overdrafts

      —          —    

5.4

   

Other (term deposit)

      12,832        14,643  
     

 

 

     

 

 

  

5.5

   

Cash and cash equivalents at end of quarter (should equal item 4.6 above)

      16,568        21,222  

6.

    Payments to directors of the entity and their associates        

 Current quarter

$A’000

  

 

6.1

   

Aggregate amount of payments to these parties included in item 1.2

         126  

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

 

Directors’ fees and consulting fees at normal commercial rates

 

7.

   

Payments to related entities of the entity and their associates

        
 Current quarter
$A’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 4C

Quarterly report for entities subject to Listing Rule 4.7B

 

 

8.    Financing facilities available
Add notes as necessary for an understanding of the position 		  

Total facility amount

at quarter end
$A’000

     

Amount drawn at

quarter end
$A’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            $A’000        

9.1

   

Research and development

         6,372  

9.2

   

Product manufacturing and operating costs

         —    

9.3

   

Advertising and marketing

         76  

9.4

   

Leased assets

         —    

9.5

   

Staff costs

         912  

9.6

   

Administration and corporate costs

         762  

9.7

   

Other (provide details if material)

         —    
           

 

 

  

9.8

   

Total estimated cash outflows

         8,122  

10.

    Acquisitions and disposals of business entities (items 2.1(b) and 2.2(b) above)      Acquisitions        Disposals  

10.1

   

Name of entity

      —          —    

10.2

   

Place of incorporation or registration

      —          —    

10.3

   

Consideration for acquisition or disposal

      —          —    

10.4

   

Total net assets

      —          —    

10.5

   

Nature of business

      —          —    

 

 

+ See chapter 19 for defined terms

1 September 2016    Page 4

Appendix 4C

Quarterly report for entities subject to Listing Rule 4.7B

 

 

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:

   /s/ Deanne Miller  
  Company Secretary  

Date: 26 July 2019

Print name:

  

Deanne Miller

  

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 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 standard applies 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.

 

 

+ See chapter 19 for defined terms

1 September 2016    Page 5