{"id":95448,"date":"2021-07-28T23:42:00","date_gmt":"2021-07-28T13:42:00","guid":{"rendered":"https:\/\/www.fnarena.com\/index.php\/2021\/07\/28\/openpay-group-ltd-quarterly-update-and-appendix-4c\/"},"modified":"2021-07-28T23:42:00","modified_gmt":"2021-07-28T13:42:00","slug":"openpay-group-ltd-quarterly-update-and-appendix-4c","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2021\/07\/28\/openpay-group-ltd-quarterly-update-and-appendix-4c\/","title":{"rendered":"Openpay Group Ltd Quarterly Update and Appendix 4C"},"content":{"rendered":"<p><b>Openpay delivers continued strong growth in core business whilst setting the strategic foundations for step-change growth in the US and UK (target US launch in early <span class=\"xn-chron\">October 2021<\/span>)<\/b><\/p>\n<p><b>Key Highlights<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Strong growth delivered across the following leading indicators in Q4 FY21:<br \/>&#8211; <\/b>Active Plans hit <span class=\"xn-money\">2.0m<\/span>, up 141%, vs pcp (prior comparable period: <span class=\"xn-chron\">June 20<\/span>) <br \/>&#8211; Active Customers of <span class=\"xn-money\">541k<\/span> up 69% relative to pcp with 51% of Active Customers from UK, even before anticipated customer injection from Payment Assist acquisition<br \/>&#8211; Highest-ever 84% of new plans from Repeat Customers, 53% of Active Customers with multiple plans <br \/>&#8211; Active Merchants of <span class=\"xn-money\">3.8k<\/span> up 77% relative to pcp \u2013 the highest increase of new Active Merchants number on record <br \/>&#8211; Maintained strong volume growth dynamic, with an increase in TTV, up 46% vs pcp to <span class=\"xn-money\">$92m<\/span>, even before adding significant Payment Assist transaction volumes<br \/>&#160; <\/li>\n<li><b>Opy <span class=\"xn-location\">USA<\/span> going live in the world&#8217;s largest developed BNPL market in early <span class=\"xn-chron\">October 2021<\/span>, anchored by integration with large wholesale merchant aggregators and key strategic partnerships in our preferred core verticals of Healthcare, Automotive and Home Improvement<\/b> <\/li>\n<li><b>Payment Assist acquisition will further accelerate UK growth and entrench Openpay&#8217;s position as a global leader in the BNPL Automotive vertical<\/b> <\/li>\n<li><b>Significant platform partnerships signed with global and local ecommerce providers, including Adobe, Quest Payment Systems, One Step Checkout, Shopwired, Aero Commerce and Apparel 21 to drive future growth at scale across all key verticals <\/b><\/li>\n<li><b>Significant funding package approved by shareholders, raising <span class=\"xn-money\">$37.5m<\/span> equity via an oversubscribed institutional placement, <span class=\"xn-money\">$25m<\/span> debt facility, and an <span class=\"xn-money\">$8.7m<\/span> share purchase plan, providing a strong cash position into FY22 <\/b><\/li>\n<li><b>Key C-Suite promotions in <span class=\"xn-location\">Australia<\/span> coupled with further recruitment of highly experienced US executive team members in readiness for US launch<\/b> <\/li>\n<li><b>Online investor briefing webinar be held today at <span class=\"xn-chron\">2:30pm<\/span> AEST. <\/b><\/li>\n<\/ul>\n<p><span class=\"xn-location\">MELBOURNE, Australia<\/span>, <span class=\"xn-chron\">July 28, 2021<\/span> \/PRNewswire\/ &#8212; <i>&#8216;Buy now. Pay smarter.&#8217;<\/i> company, Openpay Group Ltd (ASX: OPY) (<b>Openpay<\/b> or the <b>Company<\/b>) is pleased to release its quarterly business update for the period ended <span class=\"xn-chron\">30 June 2021<\/span> (Q4 FY21).<\/p>\n<p>Openpay CEO, Michael Eidel commented: <i>&#034;The June quarter was perhaps the most pivotal for Openpay since we announced our US launch in December. Headlining the quarter was our acquisition of leading UK BNPL Auto provider, Payment Assist. The combination of their strong, profitable franchise in Auto with our organic launch in Healthcare in June creates a formidable player in the UK BNPL market with significant growth synergies. <\/i><\/p>\n<p><i>We are putting the finishing touches on our launch into the US market, targeting go-live in our key Healthcare vertical in early <span class=\"xn-chron\">October 2021<\/span>. This will present another major step forward for Openpay and the first of many very significant commercial opportunities for Opy <span class=\"xn-location\">USA<\/span>.<\/i><\/p>\n<p><i>These landmark organic and inorganic achievements provide the market with even more clarity into Openpay&#8217;s strategic focus on specialised verticals and highlight our strong global growth and path to profitability.&#034;<\/i><\/p>\n<p><b>Steady growth across all leading indicators, UK Active Customers overtake <span class=\"xn-location\">Australia<\/span><\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/1582873\/1.jpg?p=publish\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1582873\/1.jpg?p=publish<\/a><\/p>\n<p><b>Active Plans increased 141% vs pcp<\/b> and 16% QoQ \u2013 reaching <span class=\"xn-money\">2.0m<\/span>, driven by the continued recovery of bricks and mortar growth rates in Openpay&#8217;s specialised verticals (particularly Healthcare and Automotive). Openpay&#8217;s plan mix is comparatively longer-term and higher value with 90% of TTV from plans three months or longer during Q4 FY21. <\/p>\n<p><b>An Active Customer growth rate of 69% vs pcp<\/b> was achieved at an aggregate level across all merchant verticals, and Openpay finished the quarter with <span class=\"xn-money\">541k<\/span> Active Customers. 51% of Active Customers were from the UK. Strong customer engagement and awareness led to the <b>highest-ever<\/b> percentage of plans being held by repeat customers at 84%, with more than every second customer holding multiple concurrent plans. <\/p>\n<p><b>Overall, Active Merchants grew by 77% vs pcp<\/b> <b>to <span class=\"xn-money\">3.8k<\/span><\/b> as at Q4 FY21 and by 11% QoQ, helped by Openpay&#8217;s automated Merchant onboarding system. New integrations with eCommerce platforms and point of sale provider partnerships also contributed to the <b>strongest <br \/>y-o-y growth<\/b> in number of Active Merchants <b>on record<\/b>.<\/p>\n<p><b>Crystalising our global strategy: &#8216;Think global. Act local.&#8217;<\/b><\/p>\n<p>With the strong progress in the UK and <span class=\"xn-location\">USA<\/span>, Openpay&#8217;s first two overseas markets, the Company is consolidating in its strategy to truly focus on verticals where its longer, larger and customised plans make a true difference and provide a significantly differentiated offering from most providers who predominantly focus on &#8216;pay-in-4&#8217;.<\/p>\n<p><b>Team changes to drive strategy on global and local levels<\/b><\/p>\n<p>A catalyst for success is having the organisational structure in place to deliver with strong local teams on Openpay&#8217;s global strategy. Several team moves have been put in place to support Openpay&#8217;s strong continued business growth and advance its global mission of &#8216;changing the way people pay, for the better&#8217;.<br \/>Michael Eidel remains the company&#8217;s Group CEO, leading on global strategic execution as the Company continues to expand in <span class=\"xn-location\">Australia<\/span>\/<span class=\"xn-location\">New Zealand<\/span> and push into UK and US. <\/p>\n<p><span class=\"xn-person\">Dion Appel<\/span> has been appointed CEO ANZ, stepping up from Chief Commercial Officer to assume the responsibility for the <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span> business, driving growth, innovation and partnerships within the region.<\/p>\n<p><span class=\"xn-person\">Ed Bunting<\/span> has been appointed new Group Chief Operating Officer (and will also continue as General Counsel and Company Secretary), and <span class=\"xn-person\">Theresa Abela<\/span> has been appointed Chief Risk &#038; Compliance Officer.<\/p>\n<p><b>Global partnership with Adobe Exchange enables merchant acquisition at scale<\/b><\/p>\n<p>Openpay has been accredited as a global Accelerate partner in the Adobe Exchange Partner Program. As an Accelerate partner, Openpay&#8217;s offering will be marketed directly to Adobe Commerce and Magento Open-Source customers around the world. These platforms are currently servicing thousands of merchants in Openpay&#8217;s key markets.<\/p>\n<p>Adobe Exchange is a robust eCommerce platform that blends digital commerce, order management, and predictive intelligence to enable online shopping across a wide array of industries and business models (B2C, B2B and hybrid). Adobe offers an enterprise-level, cloud-hosted application, Adobe Commerce, and a free ecommerce solution, Magento Open Source, that services the needs of companies of all sizes with flexible, digital commerce solutions to successfully enable transactions across channels.<\/p>\n<p>Openpay&#8217;s instalment payment platform is available now in <span class=\"xn-location\">Australia<\/span>, UK and US for merchants to register for the new digital payment capabilities. <\/p>\n<p><b>Openpay AU: Achieving scale through platform partnerships across all verticals<\/b><\/p>\n<p><b>Going live with Quest Payment Systems and Apparel 21 through Payment terminals and POS<\/b><\/p>\n<p>Through the quarter, Openpay continued to sign and integrate with major platform and aggregator partners to enable merchants to simply &#034;switch on&#034; Openpay as a payment type. This strategy is designed to deliver transaction volume and merchant growth at scale (rather than signing up merchants one-by-one). <\/p>\n<p>An Australian partnership was signed with Quest Payment Systems, enabling Openpay to become a tender type (alternative payment option) on the payment terminals throughout Quest&#8217;s merchant base which is aligned to Retail, Healthcare and Home Improvement verticals. <\/p>\n<p>Openpay will partner with Apparel 21, the leading POS vendor in <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span> in retail and fashion. Apparel 21 provides payment solutions to over 120 brands, representing more than AUD <span class=\"xn-money\">$6b<\/span> in annual turnover. Under the agreement, Openpay will be made available as an opt-in payment solution to Apparel 21 merchant customers.<\/p>\n<p><b>Openpay further strengthens its leadership position in the Australian Automotive vertical<\/b><\/p>\n<p>The exclusive integration of Openpay&#8217;s product offering into Pentana Solutions&#8217; leading Car Dealer Management System, eraPower has been completed for car servicing at dealerships. This now provides unparalleled access to the more than 2,600 car dealerships&#160;for car repairs, services and accessories many of which operate on the eraPower platform (representing approximately 60% of the total Australian dealership market.) This rollout delivers mutual benefits to Openpay and the dealership market. In Q4, Openpay&#8217;s average plan size in the dealerships segment of Automotive was <span class=\"xn-money\">$859<\/span>, a 91% uplift compared with other (non BNPL) payment options, enabling safer cars to be back on the road sooner. <\/p>\n<p><b>More significant partnerships in other verticals<\/b><\/p>\n<p><i>Healthcare<\/i><\/p>\n<p>Our Healthcare vertical remains a core strategic focus. During the quarter this was further strengthened as follows:<\/p>\n<ul type=\"disc\">\n<li>Following the recent announcement of Openpay&#8217;s entry into the hospital segment with St John of God Healthcare, Openpay has been gaining strong momentum in the hospital sector, having recently signed an agreement with Self Pay Surgery who are backed by one of the largest healthcare providers in <span class=\"xn-location\">Australia<\/span>, Healthe Care. Strong engagement continues with several other key hospital groups. <\/li>\n<li>Openpay has been selected to become VetPartners&#8217; preferred BNPL provider and will be rolling out to their network of over 240 practices in FY22. <\/li>\n<li>Openpay signed an agreement with Optical Growth Partners to be utilised by their expanding network; the buying group and managed services offering for all independent optometry practices in <span class=\"xn-location\">Australia<\/span>. <\/li>\n<li>A partnership was signed with Australian Medical Association (WA) to support Openpay&#8217;s growth in hospitals and with medical specialists.<\/li>\n<\/ul>\n<p><i>Retail<\/i><\/p>\n<p>Openpay continues to increase its growth in Retail with significant retail vertical merchant partnership signings through the June quarter including major retailers, Samsung, Mountain Designs, <span class=\"xn-person\">Harris Scarfe<\/span>, City Beach and Associated Retailer Limited (ARL), which owns Toyworld and Sportspower; as well as Nourished Life, Oz Hair and Beauty and AMR Beauty.<\/p>\n<p><i>Memberships<\/i><\/p>\n<p>In Memberships, Openpay continued its growth, particularly in sports, through additional signed merchants including AFL clubs, Richmond, St Kilda, Fremantle Dockers and Brisbane Lions. <\/p>\n<p><i>Education<\/i><\/p>\n<p>In the Education vertical, Connect Skills (Real Estate training), Inspirited Solutions (Wellbeing Education), and Maintraining (Course Creation Specialists) all signed on in the June quarter. In addition to the cash flow benefits, education providers find Openpay&#8217;s BNPL services help convert sales and deliver a large reduction in payment collections administration.<\/p>\n<p><b>OpyPro B2B SaaS platform update<\/b><\/p>\n<p>OpyPro, Openpay&#8217;s differentiated B2B SaaS platform continued to deliver strong growth with Woolworths Group. Transactions have grown substantially month on month whilst we continue to onboard their trade business customers to the platform which is now functioning instore and online.<\/p>\n<p>In partnership with Lumi, Openpay is now also able to offer a funded B2B solution, OpyPro + Credit. This partnership enables the platform to deliver end-to-end payment experiences, including funding for the merchant&#8217;s B2B customer should they want to include this in the offering beyond Openpay&#8217;s core B2B SaaS solution. <\/p>\n<p>The OpyPro pipeline of new partnerships is maturing with new B2B partnerships expected to be announced early in Q1 FY22. <\/p>\n<p><b>Openpay UK outstrips AU in total Active Customers<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/1582875\/2.jpg?p=publish\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1582875\/2.jpg?p=publish<\/a> <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">During Q4 FY21, Active Plans increased 21% QoQ to 0.8m <br \/>and 329% vs pcp. UK Active Plans represented <b>40% of all <br \/>Active Plans<\/b><b>&#160;<\/b>for the quarter. <\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Active Customers were <b>up 10% to 276k QoQ<\/b>,&#160;making up <br \/>51% of <b>overall global Active Customers<\/b><b>&#160;<\/b>for the <br \/>quarter.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>New UK partnerships place Openpay in front of thousands of new merchants<\/b><\/p>\n<p>The UK strengthened its Retail offering during the June quarter, going live with well-known brands including Monsoon and Accessorize, Maplin, Dartington Crystal, The Hut and Glossybox as well as bigger ticket retail brands including Snug sofas and Decorating Centre Online where our longer length, higher value plans provide UK consumers with a budgeting tool to manage their cashflow for home improvement. Sport continues to be a winning formula for the UK, with team additions including Oldham Athletic, Charlton Athletic FC, Northampton Town FC, Coventry City FC and RedBull E-sports. <\/p>\n<p>The UK&#8217;s move into Healthcare, through its integration with ezyVet veterinary software platform, continues strong momentum with its <i>&#8216;Buy now. Pay smarter.&#8217;<\/i> payment plans being made available in store to consumers from early FY22 through a recent signing with Pennard Vets veterinary group. <\/p>\n<p>Openpay UK has also signed key partnerships and integrations with a number of ecommerce platform providers:<\/p>\n<p><b>One Step Checkout<\/b>, the leading Magento extension that simplifies checkout to reduce cart abandonment and improve checkout conversion and works with over 20,000 global Magento 1&#038;2 Merchants, facilitating more than <span class=\"xn-money\">$8b<\/span> in annual transaction volume. Openpay AU and UK are now fully integrated as part of the One Step Checkout system.<\/p>\n<p>Openpay has signed an integration partnership with <b>Shopwired<\/b>, one of the UK&#8217;s fastest growing and best-rated ecommerce platforms. Shopwired provides ecommerce services to over 8,500 UK SME merchants. Under the agreement, Openpay will be the exclusive recommended BNPL partner. Integration is due to complete in early August, with potential to expand to other markets in future.<\/p>\n<p>Openpay is also now fully integrated with <b>Aero Commerce<\/b>, a fast-growing open-code ecommerce platform. Via this channel, Openpay is being offered to the multiple merchants using the Aero ecommerce platform.<\/p>\n<p>These partnerships add to Openpay&#8217;s strong and growing list of agreements with ecommerce platforms and payment processors. Integration has either been deployed or is expected to be completed across all agreements during the current quarter, Q1 FY22.<\/p>\n<p><b>Highly material acquisition<b><sup>[1]<\/sup><\/b> of Payment Assist <\/b><\/p>\n<p>In June, Openpay announced that it will acquire 100% of Payment Assist, the leading BNPL provider to the UK automotive sector, fast tracking Openpay&#8217;s entry into the UK Automotive vertical at scale. <\/p>\n<p>Payment Assist was founded in 2013 in the UK and has served around 500,000 customers with easy payment plans for automotive servicing and repair. It is currently available at more than 7,000 locations across the UK and has 177,000 Active Customers. In CY 2020[2], Payment Assist achieved a Total Transaction Value of &#163;78.1m, up 26% on CY2019 and is targeting TTV of &#163;105.3m in CY 2021. With a total addressable market of &#163;26.7 billion per annum[3] across 42,000 UK garages, the acquisition provides Openpay with significant expansion and scale opportunity in the automotive vertical and beyond.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/1582834\/3.jpg?p=publish\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1582834\/3.jpg?p=publish<\/a> <\/p>\n<p>The clear synergies flowing from the transaction are expected to more than double Openpay Group&#8217;s Active Merchants, increase its Active Customer base by a third and increase global TTV and revenue roughly by half. Contingent upon change in control approval from the UK Financial Conduct Authority (FCA), successful completion also provides Openpay with FCA authorisation, which is consistent with Openpay&#8217;s responsible approach and strategy to enter the regulated credit market. Completion is currently anticipated to occur in Q2 FY22. <\/p>\n<p>From a global strategic perspective, this transaction is another deliberate and important stepping-stone for Openpay to become a leader in its chosen verticals, primed for longer, larger and more customised payment plans, with a very healthy, best in class revenue yield. Importantly, and in keeping with Openpay&#8217;s global strategy, the automotive segment brings a significantly lower exposure to credit and fraud risk than fast moving, small ticket retail.<\/p>\n<p>The combined entity provides the market a clearer view into Openpay&#8217;s strategic focus. The Payment Assist acquisition demonstrates Openpay&#8217;s differentiation from its peers in the &#8216;pay-in-4&#8217; space and highlights the strong global growth and path to profitability of Openpay.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">[1]&#160;Subject to conditions precedent, including approval from the UK Financial Conduct Authority (FCA)<\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">[2]&#160;Payment Assist is on a 1 January \u2013 31 December financial year<\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">[3]&#160;Source: October 2020 UK INDUSTRY (UK SIC) REPORT G45.200 by IBIS World<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Going live with Opy <span class=\"xn-location\">USA<\/span> \u2013 getting ready to kick off in early <span class=\"xn-chron\">October 2021<\/span><\/b><\/p>\n<p>Openpay has continued to localise the Opy platform and systems, positioning it in the world&#8217;s largest developed market as the next generation BNPL product<b>. Openpay is pleased to announce that it is targeting to go live in early <span class=\"xn-chron\">October 2021<\/span>.<\/b><\/p>\n<p>A cohesive US entry program has been designed with our differentiated longer terms, larger value and customised payment plans, built around a model to scale quickly with strategic aggregator partnerships as shown by Openpay&#8217;s partnership with world-leading payments provider Worldpay from FIS, which was announced in late <span class=\"xn-chron\">March 2021<\/span>. Following extensive collaboration with Opy&#8217;s Merchant Advisory Group of US business leaders, our US product will be a highly competitive interest free, significantly lower cost alternative to credit cards and longer duration BNPL peers that commonly charge compounding interest with annualised percentage rates as high as 36%. <\/p>\n<p>This major differentiator is expected to attract financially savvy consumers and the merchants that serve them. In addition, with plan terms up to 24 months, limits of up to US-<span class=\"xn-money\">$20,000<\/span>, and plan designs tailored to specific verticals, OpyPay further differentiates itself. This is a combination that merchants and consumers have been demanding and left a gap in the U.S. market until the introduction of OpyPay.<\/p>\n<p>Opy has built a large pipeline of banking and funding partners, wholesale merchant aggregators aligned with our key verticals (Healthcare, Automotive, etc) as well as ecosystem partners (processors, banks, card networks), with further key strategic partnerships expected to be announced in Q1 FY22. Many of those are industry leading companies who are in advanced stages of planning Opy pilots and controlled roll outs to launch in H1 FY22. Openpay looks forward to providing further updates on its US market entry. <\/p>\n<p>Openpay has also continued to complement its strong US executive leadership team, including the recruitment of targeted Opy vertical leads to bring extensive experience and networks to further penetrate Opy&#8217;s presence in the nascent longer duration US BNPL market. With an emphasis on entering core verticals the team will focus on healthcare, automotive services and repair, home improvement, as well as deeper channel partnerships.<\/p>\n<p>These recruits include:<\/p>\n<p id=\"indentid\" class=\"prnml40\"><b><span class=\"xn-person\">Mike Kimbell<\/span><\/b>&#160;joins as Senior VP, Head of U.S. Healthcare for Opy. Mike brings 20 years in Healthcare overall with 15 most recently at the patient financing leader in the U.S. \u2013 Synchrony Financial and CareCredit, as a consultative leader working directly with doctor owners, teams and industry partners.<\/p>\n<p id=\"indentid\" class=\"prnml40\"><b><span class=\"xn-person\">Glenn Drake<\/span><\/b>&#160;is the Senior Vice President and Head of Automotive and Mobility Business Development and Strategy for Opy. For almost twenty years, Glenn has developed and executed sales and marketing strategies for Jaguar Land Rover North America. <\/p>\n<p id=\"indentid\" class=\"prnml40\"><b><span class=\"xn-person\">Michele Raneri<\/span><\/b>&#160;is Opy&#8217;s SVP, Head of Data and Consumer Credit Product where she has been researching, negotiating, and delivering the best scores and data in the market that are required for Opy&#8217;s MVP strategy.&#160; She has been in risk and analytics for over 3 decades, including VP of Analytics and Business Development at Experian, and led Database Management and Risk Analytics at Citi Cards and Citi Mortgage.&#160; <\/p>\n<p id=\"indentid\" class=\"prnml40\"><b><span class=\"xn-person\">Mike Smith<\/span> joins<\/b>&#160;Opy as Senior VP, US Head of Risk. Mike brings 30 years of experience in Financial Services focused on risk management, lending and leveraging data, technology and advanced analytics. Most recently served as SVP, Credit Agile Transformation and Strategic Initiatives for Synchrony Financial. Prior to Synchrony Financial, Mike held a variety of Executive Risk Management roles for GE Capital. <\/p>\n<p><b>The effort to Americanise the existing platform<\/b>&#160;is well underway. Regulatory requirements as well as US-specific preferences are being added to the platform and readied for the above noted pilots and roll outs.<\/p>\n<p><b>Quality of earnings and Financial Position<\/b><\/p>\n<p>In Q4 FY21, Openpay successfully closed a <span class=\"xn-money\">~$71.2m<\/span> funding package, which was approved by shareholders at a General Meeting on <span class=\"xn-chron\">10 May 2021<\/span>. This funding comprises an institutional placement of <span class=\"xn-money\">$37.5m<\/span>, a corporate debt facility of <span class=\"xn-money\">$25m<\/span>, and a share purchase plan (SPP), which closed oversubscribed through the June quarter at <span class=\"xn-money\">$8.7m<\/span>. The funding will support the Group to continue investment in its strong growth trajectory in <span class=\"xn-location\">Australia<\/span>, the UK, and now also within the <span class=\"xn-location\">USA<\/span> where progress toward launch preparedness is on track with funders and regulatory licensing partners anticipated to support the early <span class=\"xn-chron\">October 2021<\/span> launch. <\/p>\n<p>Quality of earnings within the quarter remained sound with revenue yields stabilising, with an overall return of 7.6% for the year, and expected improvements in portfolio arrears after early-stage loss experience being noted in the UK portfolio. This will translate into an improved positive net transaction margin (NTM) during the first half of FY22.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/1582874\/4.jpg?p=publish\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1582874\/4.jpg?p=publish<\/a> <\/p>\n<p><b>Openpay<\/b><b> funding runway strengthened<\/b>&#160;on the back of recent successful raise, resulting in a <span class=\"xn-chron\">June 2021<\/span> cash balance of <span class=\"xn-money\">$52.1m<\/span>, which when combined with undrawn funding lines of <span class=\"xn-money\">$162.1m<\/span>, equates to an overall funding headroom of <span class=\"xn-money\">$214.2m<\/span>. The Group remains well funded, with a pro-active approach to supporting efficient global portfolio growth.<\/p>\n<p><b>TTV growth continued throughout FY21<\/b> at a y-o-y rate of +46% for the fourth quarter, and at a yearly growth rate of +77%. Step change TTV growth is anticipated to be registered during Q2 FY22 when Payment Assist, UK healthcare, and US volumes are expected to be delivered for all or most of the quarter.<\/p>\n<p><b>Market-leading<\/b><b> revenue margins landed<\/b>&#160;at 6.5% for the quarter, and 7.6% for the year.&#160;The Group maintains a longer-term objective of 9.0%+ that will be delivered through a strong presence within specialised verticals globally, including Payment Assist in the UK, and a growing B2B portfolio.<\/p>\n<p><b>Portfolio performance showed reversion to expected and accepted loss outcomes <\/b>during Q4 FY21, through significantly improving arrears levels to 2.8%, resulting in a 4.0% net bad debt rate. This translates to a FY21 loss rate of 2.8%, mostly attributable to the largest enterprise merchant in the UK and early-stage portfolio performance within the region. This is temporary, and the portfolio loss rate will fall well within the 2.5% level by Q1 FY22.<\/p>\n<p><b>Outlook \u2013 doubling down in FY22<\/b><\/p>\n<p>With these significant achievements in FY2021, and an unwavering focus on our key verticals across our chosen geographies ANZ, UK and US, plus the strong progress in growth and merchant acquisition in B2B, Openpay is well set up to scale our business and create the unit economics which provide clear pathway to profitability in the mid-term.<\/p>\n<p>As the market increasingly values not only top-line and customer growth, but also healthy margins and defendable competitive positions based on integration partnerships as &#8216;moats&#8217; and to scale, Management will continue to be razor-sharp in executing our growth strategy in our verticals, targeting finance savvy customers, and successfully launching and growing innovative new products such as OpyPro in B2B.<\/p>\n<p>FY22 will be the year when Openpay will record initial substantial volume growth in the largest global consumer market, the US, where all high-growth competitors have built a presence, creating a fundamental quantum leap in growth and scale. <\/p>\n<p><b>Online investor briefing <\/b><\/p>\n<p>Investors are invited to attend an online group briefing <b>today at <span class=\"xn-chron\">2:30pm<\/span> AEST<\/b>, where Group CEO &#038; Managing Director, Michael Eidel and Group CFO, <span class=\"xn-person\">Jussi Nunes<\/span> will discuss Openpay&#8217;s Q4 FY21 results. Please register via the following link: <a target=\"_blank\" href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_XLYs0jJPT_Ka4zrGjR6OsQ\" rel=\"nofollow\">https:\/\/us02web.zoom.us\/webinar\/register\/WN_XLYs0jJPT_Ka4zrGjR6OsQ<\/a> <\/p>\n<p>&#160;<\/p>\n<p>Authorised by: <br \/><b>The Board of Directors<br \/><\/b><b>Openpay Group Ltd<\/b><\/p>\n<p>&#160;<\/p>\n<div>\n<table id=\"convertedTable58be\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen2\">\n<tbody>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">For further information, please contact:<\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Investors<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Media<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Jane Lowe <\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Australia:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">IR Department <\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Keep Left<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mobile: +61 411 117 774 <\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:openpay@keepleft.com.au\" class=\"prnews_a\" rel=\"nofollow\">openpay@keepleft.com.au<\/a><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:jane.lowe@irdepartment.com.au\" class=\"prnews_a\" rel=\"nofollow\">jane.lowe@irdepartment.com.au<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">For Opy USA:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Ed Bunting<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stefan Pollack <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Company Secretary<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The Pollack Group<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mobile: +61 401 555 333<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mobile: 310-780-2364<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:investors@openpay.com.au\" class=\"prnews_a\" rel=\"nofollow\">investors@openpay.com.au<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:Stefan@pollackgroup.com\" class=\"prnews_a\" rel=\"nofollow\">Stefan@pollackgroup.com<\/a>&#160;&#160; <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US:<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">UK: <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">KCSA<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Brands 2 Life<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:opy@kcsa.com\" class=\"prnews_a\" rel=\"nofollow\">opy@kcsa.com<\/a> <\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a target=\"_blank\" href=\"mailto:Openpay@brands2life.com\" class=\"prnews_a\" rel=\"nofollow\">Openpay@brands2life.com<\/a>&#160;<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#160;<\/p>\n<p><b>About Openpay <\/b><\/p>\n<p>Openpay Group Ltd (ASX: OPY) is a fast-growing and highly differentiated player in the global &#8216;Buy now pay later&#8217; (BNPL) payment solutions market. Openpay&#8217;s strong platform enables it to deliver the most flexible plans in the market with durations of 2\u201324 months and values of up to <span class=\"xn-money\">$20,000<\/span>. <\/p>\n<p>Openpay focuses on industries where it can make a true difference: Automotive, Healthcare, Home Improvement, Memberships and Education; and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool. <\/p>\n<p>Openpay also has a unique B2B offering, OpyPro, a SaaS-based platform that allows companies to manage trade accounts end-to-end, including applications, credit checks, approvals and account management in the one system. <\/p>\n<p>Openpay provides services to Customers and Merchants in <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">New Zealand<\/span>, the UK and entered the US market, under the brand name Opy, in <span class=\"xn-chron\">December 2020<\/span>.<\/p>\n<p>See more at <a target=\"_blank\" href=\"http:\/\/www.openpay.com.au\/\" rel=\"nofollow\">www.openpay.com.au<\/a>. <\/p>\n<p><b>Annexure<\/b><\/p>\n<p>In accordance with ASX Listing Rule 4.7C Openpay provides the following information:<\/p>\n<p>The quarter ended <span class=\"xn-chron\">30 June 2021<\/span> is covered by the &#034;Use of Funds Statement&#034; as in the Openpay Prospectus dated <span class=\"xn-chron\">22 November 2019<\/span>. As Openpay listed on the ASX as of <span class=\"xn-chron\">16 December 2019<\/span> with an existing cash balance the company has reflected the cashflows since <span class=\"xn-chron\">1 January 2020<\/span> to satisfy the ASX Listing Rule 4.7C except for the costs of the initial public offering transactions which has been captured from the date of listing.<\/p>\n<p>A summary of the expenditure from <span class=\"xn-chron\">1 January 2020<\/span> to <span class=\"xn-chron\">30 June 2021<\/span> is outlined below:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Uses of Offer Proceeds<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Per Prospectus AUD$M<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Period ended 30 June 2021 <br \/>AUD$M<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">&#160;<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">UK staffing investment<sup>1<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">&#160;<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.0<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">&#160;<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.9<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">UK marketing and customer acquisition<sup>2<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.3<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Development and engineering<sup>3<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13.9<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Funding Australian receivables growth<sup>4<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.4<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Funding UK receivables growth<sup>5<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10.0<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Working capital and other<sup>6<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.6<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Costs of the offer from 16 December 2019<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.8<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total uses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>50.0<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>31.5<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#160;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.&#160;&#160;UK staffing investment includes the increase in headcount across all functions to support the future growth in this jurisdiction.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.&#160; UK marketing and customer acquisition include costs incurred to build up the brand presence in the UK with digital advertising, sponsorship and other associated marketing costs.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.&#160; Development and engineering costs include investments in integrations, development and enhancement of the Openpay platform and system integrations, implementation and upgrade of fraud checking tools, and maintenance of the platform.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.&#160; Funding Australian receivables growth relates to the equity funded portion of the Australian receivables.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.&#160; Funding UK receivables growth represents funding of the entire UK receivables book until June 2020 and the equity funded portion thereafter.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.&#160;&#160;Working capital and other mainly relates to funding of the day to day operations of the Group.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Payments to Directors and related parties during Q4 FY21 totaled <span class=\"xn-money\">$267,000<\/span>.<\/p>\n<p>Authorised by: <br \/><b>The Board of Directors<br \/><\/b><b>Openpay Group Ltd<\/b><\/p>\n<p>&#160;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen2\">\n<tbody>\n<tr>\n<td colspan=\"5\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Appendix 4C<br \/><\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Quarterly cash flow report for entities<br \/>subject to Listing Rule 4.7B<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Name of entity<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">Openpay Group Ltd<\/span> <\/p>\n<p class=\"prnews_p\">\n<p class=\"prnews_p\">\n<p class=\"prnews_p\">\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ABN<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Quarter ended (&#034;current quarter&#034;)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntal prnpl6 prnsblb0 prnpr8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">97 637 148 200<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30 June 2021<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Consolidated statement of cash flows<\/b> <\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current quarter<br \/>$A&#8217;000 <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Year to date (12 <br \/>months) <br \/>$A&#8217;000<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash flows from operating activities<\/b><\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">95,915<\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">359,944<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.1<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Receipts from customers<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.2<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments for <\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">research and development<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">product manufacturing and operating costs<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,359)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9,789)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">advertising and marketing<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,648)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8,562)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">leased assets<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(68)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(142)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">staff costs<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10,526)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(30,627)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">administration and corporate costs<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,941)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(14,026)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.3<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Dividends received&#160;(see note&#160;3)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.4<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest received<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">113<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.5<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest and other costs of finance paid<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,627)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6,259)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.6<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income taxes paid<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.7<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Government grants and tax incentives<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.8<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (payments to merchants)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(95,679)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(357,044)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.9<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash from \/ (used in) operating<br \/>activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(21,933)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(66,392)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash flows from investing activities<\/b><\/span><\/p>\n<\/td>\n<td rowspan=\"3\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td rowspan=\"3\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments to acquire or for:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&#160;&#160;&#160;&#160; entities<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">businesses<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">property, plant and equipment<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(106)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(330)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">investments<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">intellectual property<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(609)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,716)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">other non-current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from disposal of:<\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&#160;&#160;&#160;&#160; entities<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">businesses<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">property, plant and equipment<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">investments<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">intellectual property<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">other non-current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash flows from loans to other entities<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.4<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Dividends received (see note&#160;3)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (provide details if material)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2.6<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash from \/ (used in) investing<br \/>activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(715)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(4,046)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash flows from financing activities<\/b><\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46,209<\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46,438<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from issues of equity securities <br \/>(excluding convertible debt securities)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from issue of convertible debt <br \/>securities<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from exercise of options<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.4<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Transaction costs related to issues of <br \/>equity securities or convertible debt <br \/>securities<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,968)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,968)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from borrowings<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,016<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.6<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Repayment of borrowings<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.7<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Transaction costs related to loans and <br \/>borrowings<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.8<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Dividends paid<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.9<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (principal elements of lease <br \/>payments)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(365)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,370)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3.10<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash from \/ (used in) financing <br \/>activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>43,876<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>52,116<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net increase \/ (decrease) in cash and <br \/>cash equivalents for the period<\/b><\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30,532<\/span><\/p>\n<\/td>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">70,059<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents at beginning of <br \/>period<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash from \/ (used in) operating<br \/>activities (item&#160;1.9 above)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21,933)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(66,392)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash from \/ (used in) investing activities <br \/>(item&#160;2.6 above)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(715)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,046)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.4<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash from \/ (used in) financing activities <br \/>(item&#160;3.10 above)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43,876<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,116<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Effect of movement in exchange rates on<br \/>cash held<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">318<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">341<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4.6<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash and cash equivalents at end of<br \/>period<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>52,078<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>52,078<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#160;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen2\">\n<tbody>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>5.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Reconciliation of cash and cash <br \/>equivalents<\/b><b><br \/><\/b>at the end of the quarter (as shown in the<br \/>consolidated statement of cash flows) to the<br \/>related items in the accounts<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current quarter<br \/>$A&#8217;000<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Previous quarter<br \/>$A&#8217;000<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Bank balances<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48,329<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,882<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Call deposits<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Bank overdrafts<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.4<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (Cash Suspense)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,749<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,650<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>5.5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash and cash equivalents at end of <br \/>quarter (should equal item&#160;4.6 above)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>52,078<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>30,532<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#160;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen2\">\n<tbody>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>6.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Payments to related parties of the entity and their<br \/>associates<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current quarter<br \/>$A&#8217;000<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Aggregate amount of payments to related parties and their <br \/>associates included in item&#160;1<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(267)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Aggregate amount of payments to related parties and their<br \/>associates included in item&#160;2<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an <br \/>explanation for, such payments.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#160;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen2\">\n<tbody>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>7.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Financing<\/b>&#160;<b>facilities<\/b><br \/><i>Note: the term &#034;facility&#8217; includes all forms of financing <br \/>arrangements available to the entity.<\/i><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Add notes as necessary for an understanding of the <br \/>sources of finance available to the entity.<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total facility <br \/>amount at quarter <br \/>end<br \/>$A&#8217;000<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Amount drawn at <br \/>quarter end<br \/>$A&#8217;000<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loan facilities<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">210,518<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48,420<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Credit standby arrangements<\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (please specify)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7.4<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total financing facilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">210,518<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48,420<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7.5<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unused financing facilities available at quarter end<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">162,098<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7.6<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><br \/>Include in the box below a description of each facility above, including the lender, interest<br \/>rate, maturity date and whether it is secured or unsecured. If any additional financing <br \/>facilities have been entered into or are proposed to be entered into after quarter end,<br \/>include a note providing details of those facilities as well.<br \/>&#160;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loan facilities in Australia consist of working capital facilities with A H Meydan Pty Ltd and <br \/>Riviera Capital Pty Ltd, a commercial bill with GCI Consumer Credit Finance Trust 1 and a <br \/>revolving credit facility with the Specialised Finance Warehouse Trust 1.&#160; Borrowings carry a<br \/>fixed interest rate (working capital facilities), an interest rate based on the Bank Bill Swap <br \/>Rate (GCI) and RBA Cash Rate (Specialised Finance Warehouse Trust 1) plus a<br \/>margin.&#160; The working capital facilities offer a committed borrowing base of $35 million.&#160; The <br \/>commercial bill offers an available borrowing base of $40 million of which $30 million is <br \/>committed and $10 million is uncommitted.&#160; Of the $30 million committed, $30 million is <br \/>drawn as of 30 June 2021.&#160; The revolving credit facility offers a committed borrowing base <br \/>of $25 million, with an option to extend to $100 million.&#160; There were no borrowings <br \/>outstanding on the working capital facilities nor the revolving credit facility as of 30 June <br \/>2021.<\/span><\/p>\n<p class=\"prnews_p\">&#160;<\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">The Loan Facility in the UK consists of a funding agreement with Global Growth Capital <br \/>(GGC) of &#163;60 million of which &#163;25 million is committed and &#163;35 million is<br \/>uncommitted.&#160; Borrowings carry a fixed interest rate. Of the &#163;25 million committed, &#163;10 <br \/>million is drawn as of 30 June 2021.&#160; <\/span><\/p>\n<p class=\"prnews_p\">&#160;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#160;<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen2\">\n<tbody>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>8.<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Estimated cash available for future operating activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$A&#8217;000<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.1<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash from \/ (used in) operating activities (item&#160;1.9)<\/span><\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21,933)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.2<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents at quarter end (item&#160;4.6)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,078<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.3<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Unused finance facilities available at quarter end (item&#160;7.5)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">162,098<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.4<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total available funding (item&#160;8.2 + item&#160;8.3)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">214,176<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.5<\/span><\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Estimated quarters of funding available (item&#160;8.4 divided by <br \/>item&#160;8.1)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9.8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Note: if the entity has reported positive net operating cash flows in item&#160;1.9, answer item&#160;8.5 as &#034;N\/A&#034;. Otherwise, a<br \/>figure for the estimated quarters of funding available must be included in item&#160;8.5.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.6<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">If item&#160;8.5 is less than 2&#160;quarters, please provide answers to the following questions:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.6.1&#160;&#160;&#160;&#160; Does the entity expect that it will continue to have the current level of net operating <br \/>cash flows for the time being and, if not, why not?<br \/><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Answer: <\/span><\/p>\n<p class=\"prnews_p\">&#160;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.6.2&#160;&#160;&#160;&#160; Has the entity taken any steps, or does it propose to take any steps, to raise further <br \/>cash to fund its operations and, if so, what are those steps and how likely does it <br \/>believe that they will be successful?<br \/><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Answer: <\/span><\/p>\n<p class=\"prnews_p\">&#160;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8.6.3&#160;&#160;&#160;&#160; Does the entity expect to be able to continue its operations and to meet its business <br \/>objectives and, if so, on what basis?<br \/><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Answer: <\/span><\/p>\n<p class=\"prnews_p\">&#160;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\"><\/td>\n<td colspan=\"2\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Note: where item&#160;8.5 is less than 2&#160;quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#160;<\/p>\n<p><b>Compliance statement<\/b><\/p>\n<ol type=\"1\">\n<li>This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule&#160;19.11A. <\/li>\n<li>This statement gives a true and fair view of the matters disclosed.<\/li>\n<\/ol>\n<p>&#160;<\/p>\n<p>Date:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <span class=\"xn-chron\">28 JULY 2021<\/span><\/p>\n<p>&#160;<\/p>\n<p>Authorised by: Board of Directors.<\/p>\n<p>(Name of body or officer authorising release \u2013 see note&#160;4)<\/p>\n<p>&#160;<\/p>\n<p><b>Notes<\/b><\/p>\n<ol type=\"1\">\n<li>This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity&#8217;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. <\/li>\n<li>If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, <i>AASB 107: Statement of Cash Flows <\/i>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&#160;19.11A, the corresponding equivalent standard applies to this report. <\/li>\n<li>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. <\/li>\n<li>If this report has been authorised for release to the market by your board of directors, you can insert here: &#034;By the board&#034;. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: &#034;By the [<i>name of board committee<\/i> \u2013 <i>eg Audit and Risk Committee<\/i>]&#034;. If it has been authorised for release to the market by a disclosure committee, you can insert here: &#034;By the Disclosure Committee&#034;. <\/li>\n<li>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&#160;4.2 of the ASX Corporate Governance Council&#8217;s <i>Corporate Governance Principles and Recommendations<\/i>, 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.<\/li>\n<\/ol>\n<p>&#160;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Openpay delivers continued strong growth in core business whilst setting the strategic foundations for step-change growth in the US and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/95448"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=95448"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/95448\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=95448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=95448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=95448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}