only 28 JULY 2022
useDIRECTORS
ASX CODE: MPX
Mr Nicholas Zborowski
Executive Director
Mr Anthony Ho
Non-Executive Director
Mr Jack Spencer-Cotton
Non-Executive Director
COMPANY SECRETARY
Joan Dabon
CAPITAL STRUCTURE
Ordinary Shares: | 142.2M |
Options: | 16.5M |
personalCOMPANY ENQUIRIES | |
Nicholas Zborowski | |
Executive Director |
15 McCabe Street
N | rth Fremantle WA 6159 |
T | : +61 8 9386 7069 |
For | |
E | : info@mustera.com.au |
- : www.mustera.com.au
QUARTERLY ACTIVITIES REPORT
FOR 30 JUNE 2022
Mustera Property Group Ltd (Mustera or the Company) is pleased to provide an update on its operational activities during the June 2022 Quarter (the Quarter).
H I G H L I G H T S
1. Mustera continued with its sales and marketing campaign for the Company's flagship project, Forbes Residences (Forbes or
the Project).
2. The Company secured $4.54m in apartment sales during the quarter for the Project.
3. The Company has now completed the construction of the basement structural works for the Project and has commenced with the installation of the basement services. Ground floor and level 1 concrete slabs and precast panels are also complete with level 2 slab currently being propped.
1. Forbes Residences, 10 Forbes Road, Applecross
During the Quarter, construction continued on the Company's flagship project, Forbes Residences. These activities included the completion of the basement structural works, ground floor and level 1 slabs and precast installation. The Company has also commencement on the basement services and level 2 slab formwork.
Mustera Property Group Ltd ACN 142 375 522
For personal use only
In addition to the construction activities the Company continued with its sales and marketing campaign for the Project. The Company secured $4.54m in apartment sales during the Quarter for the Project.
-
15 McCabe Street, North Fremantle
During the Quarter the Company advanced with the design and feasibility studies for the North Fremantle Project.
The schematic design is underway and it is anticipated that a development application will be lodged in Q3 2022. - Corporate Commentary Payments to related parties
A description of and explanation for payments to related parties and their associates per Section 6.1 of the Appendix 4C following this Quarterly Activities Report is set out in the table below.
Payments to related parties | Current | Previous |
of the entity and their associates | Quarter | Quarter |
$A'000 | $A'000 | |
Directors' remuneration | ||
Executive Director | 42 | 50 |
Non-Executive Directors | 10 | 12 |
Total Directors' remuneration | 52 | 62 |
Total payments to related parties of the entity and their associates | 52 | 62 |
AUTHORISED BY
THE BOARD OF DIRECTORS
2 | P a g e
For personal use only
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
Mustera Property Group Ltd
ABN | Quarter ended ("current quarter") | |
13 142 375 522 | 30 June 2022 | |
Consolidated statement of cash flows | Current quarter | Year to date (12 |
$A'000 | months) | |
$A'000 |
1. Cash flows from operating activities
1.1 | Receipts from customers | 632 | 3,799 |
1.2 Payments for
(a) | research and development | - | - | |
(b) | product manufacturing and operating | (3,861) | (13,560) | |
costs | ||||
(c) | advertising and marketing | (78) | (353) | |
(d) | leased assets | (5) | (20) | |
(e) | staff costs | (97) | (427) | |
(f) | administration and corporate costs | (74) | (628) | |
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | 14 | 18 | |
1.5 | Interest and other costs of finance paid | (508) | (1,150) | |
1.6 | Income taxes paid | - | (4) | |
1.7 | Government grants and tax incentives | - | - | |
1.8 | Other (provide details if material) | - | - | |
1.9 | Net cash from / (used in) operating | (3,977) | (12,325) | |
activities |
2. Cash flows from investing activities
2.1 Payments to acquire or for:
(a) | entities | - | (425) |
(b) | businesses | - | - |
(c) | property, plant and equipment | - | (5) |
(d) | investments | - | (3,000) |
(e) | intellectual property | - | - |
(f) | other non-current assets | (59) | (59) |
ASX Listing Rules Appendix 4C (17/07/20) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows | Current quarter | Year to date (12 |
$A'000 | months) | |
$A'000 |
2.2 Proceeds from disposal of:
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) | property, plant and equipment | - | - | |
(d) | investments | - | 1,350 | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | - | (1,100) | |
2.4 | Dividends received (see note 3) | - | - | |
2.5 | Other (provide details if material) | - | - | |
2.6 | Net cash from / (used in) investing | (59) | (3,239) | |
activities |
3. Cash flows from financing activities
3.1 Proceeds from issues of equity securities
(excluding convertible debt securities) | - | 7,002 | |
3.2 | Proceeds from issue of convertible debt | - | - |
securities | |||
3.3 | Proceeds from exercise of options | - | - |
3.4 | Transaction costs related to issues of | - | (168) |
equity securities or convertible debt | |||
securities | |||
3.5 | Proceeds from borrowings | 4,291 | 13,225 |
3.6 | Repayment of borrowings | - | (2,640) |
3.7 | Transaction costs related to loans and | - | (1,096) |
borrowings | |||
3.8 | Dividends paid | - | - |
3.9 | Other (Fund distributions, Term deposits | (139) | (285) |
closed) | |||
3.10 | Net cash from / (used in) financing | 4,151 | 16,038 |
activities |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period | 780 | 421 | |
4.2 | Net cash from / (used in) operating | (3,978) | (12,326) |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | (59) | (3,239) |
(item 2.6 above) |
ASX Listing Rules Appendix 4C (17/07/20) | Page 2 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows | Current quarter | Year to date (12 | |
$A'000 | months) | ||
$A'000 | |||
4.4 | Net cash from / (used in) financing activities | 4,151 | 16,038 |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | - | - |
cash held | |||
4.6 | Cash and cash equivalents at end of | 895 | 895 |
period | |||
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $A'000 | $A'000 | |
at the end of the quarter (as shown in the | |||
consolidated statement of cash flows) to the | |||
related items in the accounts | |||
5.1 | Bank balances | 780 | 895 |
- Call deposits
- Bank overdrafts
- Other (provide details)
5.5 | Cash and cash equivalents at end of | 780 | 780 |
quarter (should equal item 4.6 above) |
6. | Payments to related parties of the entity and their | Current quarter |
associates | $A'000 | |
6.1 | Aggregate amount of payments to related parties and their | 52 |
associates included in item 1 (director remuneration) |
6.2 Aggregate amount of payments to related parties and their associates included in item 2
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.
ASX Listing Rules Appendix 4C (17/07/20) | Page 3 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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