October 25, 2010 Appendix 4C - Quarterly report for entities admitted on the basis of commitments
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
24/10/2005 Appendix 4C Page 1
Rule
4.7B
Appendix 4C
Quarterly report
for entities admitted
on the basis of commitments
Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.
Name of entity
Sunshine Heart, Inc.
ABN Quarter ended (“current quarter”)
79 109 440 888 30 Sept 2010
Consolidated statement of cash flows
Cash flows related to operating activities
Current quarter
$A’000 Year to date (3
months)
$A’000
1.1 Receipts from customers
- -
1.2 Payments for (a) staff costs
(b) advertising and marketing
(c) research and development
(d) leased assets
(e) other working capital
(459)
-
(815)
(50)
(528)
(459)
-
(815)
(50)
(528)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received 52 52
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other - -
Net operating cash flows
(1,800)
(1,800)
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
Appendix 4C Page 2 24/10/2005
Current quarter
$A’000 Year to date (3
months)
$A’000
1.8 Net operating cash flows (carried forward) (1,800) (1,800)
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
(e) other non-current assets
-
-
-
(5)
-
-
-
-
(5)
-
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
(5)
(5)
1.14 Total operating and investing cash flows (1,805) (1,805)
Cash flows related to financing activities
1.15 Proceeds from issues of shares, options, etc. - -
1.16 Proceeds from sale of forfeited shares - -
1.17 Proceeds from borrowings - -
1.18 Repayment of borrowings - -
1.19 Dividends paid - -
1.20 Capital Raising Cost (47) (47)
Net financing cash flows (47) (47)
Net increase (decrease) in cash held
(1,852)
(1,852)
1.21 Cash at beginning of quarter/year to date 3,942 3,942
1.22 Exchange rate adjustments to item 1.20 (63) (63)
1.23 Cash at end of quarter 2027 2027
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
24/10/2005 Appendix 4C Page 3
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
155
1.25 Aggregate amount of loans to the parties included in item 1.11
Nil
1.26 Explanation necessary for an understanding of the transactions
Payments represent consulting fees paid to executive directors ($142k) and directors’ fees
paid to non executive directors ($13K) for services provided during the quarter.
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
N/A
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
N/A
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
N/A N/A
3.2 Credit standby arrangements
N/A N/A
Appendix 4C
Quarterly report for entities
admitted on the basis of commitments
+ See chapter 19 for defined terms.
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 1,087 1,051
4.2 Deposits at call 940 2,891
4.3 Bank overdraft - -
4.4 Other (provide details) - -
Total: cash at end of quarter (item 1.23) 2,027 3,942
Acquisitions and disposals of business entities
Acquisitions
(Item 1.9(a)) Disposals
(Item 1.10(a))
5.1 Name of entity N/A N/A
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: 25 October 2010
Company Secretary
Print name: Rowena Hubble
Appendix 4C Page 4 24/10/2005