Appendix 5B Section 8 calculator: estimated quarters of funding
Section 8 of Appendix 5B turns your quarter's cash flows into one number: how many quarters of funding you have left (item 8.7). Below 2, you have to answer three extra disclosure questions. Enter the figures from your draft form to check where you land before you lodge.
General information, not legal or accounting advice. Figures stay in your browser and aren't sent anywhere. For what each item means, see the Appendix 5B guide.
Enter amounts in A$'000, as on the form. Enter outgoings as positive numbers.
- 8.3 Total relevant outgoings
- 2,000
- 8.6 Total available funding
- 3,600
- 8.7 Estimated quarters of funding
- 1.80
Under 2 quarters: you must answer items 8.8.1–8.8.3 in this Appendix 5B.
Worked example
The calculator starts with these figures. An explorer used A$1.2m of cash in operating activities and capitalised A$0.8m of exploration spend this quarter, so total relevant outgoings (8.3) are A$2.0m. It ended the quarter with A$3.1m in the bank and A$0.5m undrawn on a loan facility, so total available funding (8.6) is A$3.6m.
A$3.6m ÷ A$2.0m = 1.8 quarters. That's under 2, so this Appendix 5B must also answer 8.8.1–8.8.3. If a placement raising A$0.5m had settled before quarter end, funding would be A$4.1m and 8.7 would be 2.05, with no follow-up questions required. Only cash that has actually arrived by quarter end counts.
Common mistakes
- Leaving out capitalised exploration. Exploration spend classed as investing (item 2.1(d)) belongs in 8.3. Leaving it out makes the runway look longer than it is.
- Counting facilities you can't draw. Item 8.5 is only the unused portion of facilities available at quarter end, as reported in item 7.5.
- Numbers drifting apart. Every Section 8 figure comes from earlier in the form. If one is updated on a spreadsheet and the other isn't, 8.7 no longer matches the cash flow statement above it.