Appendix4C

Quarterlyreportforentities
admittedonthebasisofcommitments

ACN120394194

Level22,1MarketStreet
Sydney,NewSouthWales,2000
Phone(02)82636600
Facsimile(02)82636633
www.ilh.com.au

Rule4.7B

Appendix 4C

Quarterly report
for entities admitted
on the basis of commitments

Nameofentity

IntegratedLegalHoldingsLimited

ABN

20120394194

Quarterended(currentquarter)

31December2011

Consolidatedstatementofcashflows

Cashflowsrelatedtooperatingactivities

1.1
Receiptsfromcustomers
1.2
Paymentsfor (a)staffcosts

(b)advertisingandmarketing

(c)researchanddevelopment

(d)leasedassets

(e)otherworkingcapital
1.3
Dividendsreceived
1.4
Interest and other items of a similar nature
received
1.5
Interestandothercostsoffinancepaid
1.6
Incometaxespaid
1.7
Other(providedetailsifmaterial)
(a) Rentreceived
(b) Sundryincome

Netoperatingcashflows

Appendix4C

Current
Quarter
$A000
7,825
(5,542)
(134)

(18)
(3,521)

YeartoDate
(6months)
$A000
15,606
(11,531)
(237)

(36)
(5,412)

32
(56)
(120)

70
(102)
(117)

29

(1,533)

(1,730)

Page1

Appendix4C
Quarterlyreportforentities
admittedonthebasisofcommitments

1.8

Netoperatingcashflows(carriedforward)

Cashflowsrelatedtoinvestingactivities
Paymentforacquisitionof:

(a)businesses(item5)
(b)equityinvestments
(c)intellectualproperty
(d)physicalnoncurrentassets
(e)othernoncurrentassets
Proceedsfromdisposalof:

(a)businesses(item5)
(b)equityinvestments
(c)intellectualproperty
(d)physicalnoncurrentassets
(e)othernoncurrentassets

Loanstootherentities
Loansrepaidbyotherentities
Other(providedetailsifmaterial)

Netinvestingcashflows

1.14

Totaloperatingandinvestingcashflows

Cashflowsrelatedtofinancingactivities
Proceedsfromissuesofshares,options,etc.
Proceedsfromsaleofforfeitedshares
Proceedsfromborrowings
Repaymentofborrowings
Dividendspaid
Other(item1.26):
Shareissueexpenses

1.9

1.10

1.11
1.12
1.13

1.15
1.16
1.17
1.18
1.19
1.20

1.21
1.22

Netfinancingcashflows

Netincrease(decrease)incashheld

Cashatbeginningofquarter/yeartodate
Exchangerateadjustmentstoitem1.20

1.23

Cashatendofquarter

Appendix4C

YeartoDate
(6months)
$A000

Current
Quarter
$A000

(1,533)

(1,730)

(284)

(1,254)

(427)

(284)

(1,681)

(1,817)

(3,411)

133

1,843
(267)
(586)

138

2,940
(489)
(586)

(8)

(13)

1,115

1,990

(702)

(1,421)

1,717

2,436

1,015

1,015

Page2

Appendix4C
Quarterlyreportforentities
admittedonthebasisofcommitments

Paymentstodirectorsoftheentityandassociatesofthedirectors
Paymentstorelatedentitiesoftheentityandassociatesoftherelated
entities

Currentquarter
$A'000

1.24

Aggregateamountofpaymentstothepartiesincludedinitem1.2(a)

1.25

Aggregateamountofloanstothepartiesincludedinitem1.11

1.26

Explanationnecessaryforanunderstandingofthetransactions
Remuneration paid to executive and nonexecutive directors of
IntegratedLegalHoldingsLimitedanditssubsidiaries.

119

119

Noncashfinancingandinvestingactivities
2.1

Details of financing and investing transactions which have had a material effect on
consolidatedassetsandliabilitiesbutdidnotinvolvecashflows

Nil

2.2

Detailsofoutlaysmadebyotherentitiestoestablishorincreasetheirshareinbusinessesin
whichthereportingentityhasaninterest

Nil

Appendix4C

Page3

Appendix4C
Quarterlyreportforentities
admittedonthebasisofcommitments

Financingfacilitiesavailable
Addnotesasnecessaryforanunderstandingoftheposition.(SeeAASB1026paragraph12.2).

Amountused
$A000

Amountavailable
$A000

3.1

Loanfacilities

7,000

4,549

3.2

Creditstandbyarrangements

1,200

411

Reconciliationofcash

Reconciliationofcashattheendofthequarter(as
shownintheconsolidatedstatementofcashflows)
totherelateditemsintheaccountsisasfollows.
4.1

Cashonhandandatbank

4.2

Previousquarter
$A000

Currentquarter
$A000
1,011

1,004

Depositsatcall

713

4.3

Bankoverdraft

4.4

Other(providedetails)

1,015

1,717

Total:cashatendofquarter(item1.23)

Acquisitionsanddisposalsofbusinessentities

5.1

Nameofentity

5.2

5.4

Placeof
incorporationor
registration
Considerationfor
acquisitionor
disposal
Totalnetassets

5.5

Natureofbusiness

5.3

Disposals
(Item1.10(a))

Acquisitions
(Item1.9(a))
Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Appendix4C

Page4

Appendix4C
Quarterlyreportforentities
admittedonthebasisofcommitments

Compliancestatement

This statement has been prepared under accounting policies which comply with
accounting standards as defined in the Corporations Act (except to the extent that
informationisnotrequiredbecauseofnote2)orotherstandardsacceptabletoASX.
This statement does /does not* (delete one) give a true and fair view of the matters
disclosed.

JeanMarieRudd
CompanySecretary

30January2012

Notes

1.

2.

The quarterly report provides a basis for informing the market how the entitys
activities have been financed for the past quarter and the effect on its cash position.
Anentitywantingtodiscloseadditionalinformationisencouragedtodoso,inanote
ornotesattachedtothisreport.
Thedefinitionsin,andprovisionsof,AASB1026:StatementofCashFlowsapplytothis
reportexceptfortheparagraphsoftheStandardsetoutbelow.

3.

6.2

reconciliationofcashflowsarisingfromoperatingactivitiesto
operatingprofitorloss
9.2
itemiseddisclosurerelatingtoacquisitions
9.4
itemiseddisclosurerelatingtodisposals
12.1(a) policyforclassificationofcashitems
12.3 disclosureofrestrictionsonuseofcash
13.1
comparativeinformation

Accounting Standards. ASX will accept, for example, the use of International
AccountingStandardsforforeignentities.Ifthestandardsuseddonotaddressatopic,
theAustralianstandardonthattopic(ifany)mustbecompliedwith.

Appendix4C

Page5

Appendix4C
Quarterlyreportforentities
admittedonthebasisofcommitments

APPENDIX A

Item2.1

Detailsoffinancingandinvestingtransactionswhichhavehadamaterialeffect
onconsolidatedassetsandliabilitiesbutdidnotinvolvecashflows
BusinessAcquisitions

Item1.9(a)

Item1.8
Netoperatingcashoutflowsforthequarter

The Integrated Legal Holdings Limited group incurred net operating cash outflows of
$1,533,000 for the December 2011 quarter. These net outflows are a result of new business
acquisitionsandtheestablishmentofthenewlegalpractice,SignetLawyers.

Businessacquisitionsadverselyimpactcashresourcesasdebtorsandworkinprogressofthe
acquiredlegalpracticesarenotpurchasedonacquisition.Cashresourcesarereinvestedback
into these businesses until working capital levels are built up to their preacquisition levels
and the acquired businesses return to a positive cash flow. In many cases this may take a
periodofuptosixmonths.

ThematerialityoftheacquisitionsofWojtowiczKellyLegalinFebruary2011andPLNLawyers
inAugust2011(seeseparatedisclosurebelow)totheIntegratedLegalHoldingsLimitedgroup
is significant. There has been a negative impact on operating cash flows for the September
and December 2011 quarters. Thereafter, the businesses are expected to generate positive
operatingcashflowsforthegroup.

Additionally, on 1 September 2011 a new specialist taxation litigation and advice legal firm
knownasSignetLawyerswasformedbyexistingemployeeswithintheGroup.Operatingcash
outflowswereincurredintheinitialestablishmentofthebusiness.Itisanticipatedthatthis
businesswillgenerateoperatingcashinflowsbeforetheendofthefinancialyear.

Item2.1
Details of financing and investing transactions which have had a
materialeffectonconsolidatedassetsandliabilitiesbutdidnotinvolvecashflows

None.

Appendix4C

Page6