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Vulcan Energy Resources Limited: Quarterly cash flow report

EQS-News: Vulcan Energy Resources Limited / Key word(s): Quarter Results
Vulcan Energy Resources Limited: Quarterly cash flow report
27.10.2022 / 09:49 CET/CEST
The issuer is solely responsible for the content of this announcement.

Appendix 5B

Mining exploration entity or oil and gas exploration entityquarterly cash flow report

Name of entity

Vulcan Energy Resources Limited

ABN

 

Quarter ended (“current quarter”)

38 624 223 132

 

30 September 2022

 

Consolidated statement of cash flows

Current quarter
€’000

Year to date (3 months)
€’000

1.

Cash flows from operating activities

1,635

1,635

1.1

Receipts from customers

1.2

Payments for

-

-

 

exploration & evaluation (if expensed)

 

development

-

-

 

production

(884)

(884)

 

staff costs

(1,482)

(1,482)

 

administration and corporate costs

(4,369)

(4,369)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

74

74

1.5

Interest and other costs of finance paid

(104)

(104)

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

-

-

1.8

Other

-

-

1.9

Net cash from / (used in) operating activities

(5,130)

(5,130)

 

2.

Cash flows from investing activities

-

-

2.1

Payments to acquire or for:

 

entities

 

tenements

-

-

 

property, plant and equipment

(7,145)

(7,145)

 

exploration & evaluation (if capitalised)

(5,382)

(5,382)

 

investments

-

-

 

other non-current assets

-

-

2.2

Proceeds from the disposal of:

-

-

 

entities

 

tenements

-

-

 

property, plant and equipment

-

-

 

investments

-

-

 

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)
Cash acquired upon acquisition of subsidiary


-


-

2.6

Net cash from / (used in) investing activities

(12,527)

(12,527)

 

3.

Cash flows from financing activities

-

-

3.1

Proceeds from issues of equity securities (excluding convertible debt securities)

3.2

Proceeds from issue of convertible debt securities

-

-

3.3

Proceeds from exercise of options

-

-

3.4

Transaction costs related to issues of equity securities or convertible debt securities

-

-

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)
- Repayment of shareholder loan
- Payment for lease liability principal


-
(55)


-
(55)

3.10

Net cash from / (used in) financing activities

(55)

(55)

 

4.

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

 

 

4.1

Cash and cash equivalents at beginning of period

175,416

175,416

4.2

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

(5,130)

(5,130)

4.3

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

(12,527)

(12,527)

4.4

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

(55)

(55)

4.5

Effect of movement in exchange rates on cash held

497

497

4.6

Cash and cash equivalents at end of period

158,201

158,201

 

5.

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

Current quarter
€’000

Previous quarter
€’000

5.1

Bank balances

47,058

150,378

5.2

Call deposits

111,143

25,038

5.3

Bank overdrafts

-

-

5.4

Other (provide details)

-

-

5.5

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

158,201

175,416

 

6.

Payments to related parties of the entity and their associates

Current quarter
€'000

6.1

Aggregate amount of payments to related parties and their associates included in item 1

(151)

6.2

Aggregate amount of payments to related parties and their associates included in item 2

(185)

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

 

7.

Financing facilitiesNote: the term “facility’ includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity.

Total facility amount at quarter end
€’000

Amount drawn at quarter end
€’000

7.1

Loan facilities

-

-

7.2

Credit standby arrangements

-

-

7.3

Other (please specify)

-

-

7.4

Total financing facilities

-

-

 

 

 

7.5

Unused financing facilities available at quarter end

-

7.6

Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.


 

 

8.

Estimated cash available for future operating activities

€’000

8.1

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

(5,130)

8.2

(Payments for exploration & evaluation classified as investing activities) (item 2.1(d))

(5,382)

8.3

Total relevant outgoings (item 8.1 + item 8.2)

(10,512)

8.4

Cash and cash equivalents at quarter end (item 4.6)

158,201

8.5

Unused finance facilities available at quarter end (item 7.5)

-

8.6

Total available funding (item 8.4 + item 8.5)

158,201

 

 

 

8.7

Estimated quarters of funding available (item 8.6 divided by item 8.3)

15.0

Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.

8.8

If item 8.7 is less than 2 quarters, please provide answers to the following questions:

 

8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

 

n/a

 

8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

 

n/a

 

8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

 

n/a

 

Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

 

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.

 

 

Date: 27 October 2022

 

 

Authorised by: The Board of Vulcan Energy Resources Limited

(Name of body or officer authorising release – see note 4)

 

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow 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 cash flow 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.

4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committeeeg Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.


27.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Vulcan Energy Resources Limited

Level 11, Brookfield Place, 125 St Georges Terrace

6000 Perth

Australia

E-mail:

dtydde@v-er.eu

Internet:

www.v-er.eu

ISIN:

AU0000066086

WKN:

A2PV3A

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1473363


 

End of News

EQS News Service

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