Appendix 4C

Quarterly report 

for entities admitted 

on the basis of commitments 

Name of entity

Medic Vision Limited 

ABN

Quarter ended ("current quarter")

67 099 084 143

30 September 2009

Consolidated statement of cash flows

YTD

Current quarter

Year to date

(3 months)

Cash flows related to operating activities

$A'000

$A'000

1.1

Receipts from customers

11 

11 

1.2

Payments for

(a) staff costs

(32)

(32)

(b) advertising and marketing

(75)

(75)

(c) research and development

- 

- 

(d) leased assets

- 

- 

(e) other working capital

(478)

(478)

1.3

Dividends received

- 

- 

1.4

Interest and other items of a similar nature received

4 

4 

1.5

Interest and other costs of finance paid

(2)

(2)

1.6

Income taxes paid

- 

- 

1.7

Other (provide details if material)

- 

- 

Net operating cash flows

(572)

(572)

Current quarter

Year to date

(3 months)

$A'000

$A'000

1.8

Net operating cash flows (carried forward)

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

- 

- 

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

- 

- 

(f) Cash received on acquisition of subsidiary

- 

- 

1.11

Loans to other entities

- 

- 

1.12

Loans repaid by other entities

- 

- 

1.13

Other (provide details if material)

- 

- 

Net investing cash flows

- 

- 

1.14

Total operating and investing cash flows 

(572)

(572)

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 (Return of Capital)

- 

- 

1.17a

Proceeds from borrowings 

- 

- 

1.17b

Proceeds from Pre Acquision Loan

- 

- 

1.17c

Proceeds from Convertible Notes

175 

175 

1.18

Repayment of borrowings

- 

- 

1.19

Dividends paid

- 

- 

1.20

Other (provide details if material)

- 

- 

1.21

Capital Raising Costs

- 

- 

Net financing cash flows

175 

175 

Net increase (decrease) in cash held

(397)

(397)

1.21

Cash at beginning of quarter/year to date

737 

737 

1.22

Exchange rate adjustments to item 1.20

- 

- 

1.23

Cash at end of quarter

340 

340 

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

35 

1.25

Aggregate amount of loans to the parties included in item 1.11

1.26

Explanation necessary for an understanding of the transactions

Salaries and Directors' fees  

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

None

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

None

Financing facilities available

Amount available

Amount used

$A'000 

$A'000

3.1

Loan facilities 

- 

- 

3.2

Credit standby arrangements

- 

- 

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 

Previous quarter

$A'000

$A'000

4.1

Cash on hand and at bank

340 

737 

4.2

Deposits at call

- 

- 

4.3

Bank overdraft

- 

- 

4.4

Other (provide details)

- 

- 

Total: cash at end of quarter (item 1.23)

340 

737 

Acquisitions and disposals of business entities

Acquisitions

Disposals

5.1

Name of entity

None

None

5.2

Place of incorporation or registration

None

None

5.3

Consideration for acquisition or disposal

None

None

5.4

Total net assets

None

None

5.5

Nature of business

None

None

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: 30 October 2009

Chief Executive Officer

Vince Leone

Notes

1

The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note

2

The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below. 

· 6.2      

- reconciliation of cash flows arising from operating activities to operating profit or loss

· 9.2     

- itemised disclosure relating to acquisitions

· 9.4       

- itemised disclosure relating to disposals

· 12.1 (a)            

- policy for classification of cash items

· 12.3     

- disclosure of restrictions on use of cash

· 13.1         

- comparative information

3.

Accounting Standards. 

ASX will accept, for example, the use of International Accounting Standards for foreign entities.  

If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.