Ann: Quarterly Activities Report, page-25

Hi Guys,

Quarter ended 31 March 2018 -

Cash and cash equivalents at end of period = $38,000

Loan facilities: $2,000,000
less Amount drawn at quarter end: $331,000
equals = funds available to be drawn = $1,669,000

therefore,

Funds available: $1,669,000
less Estimated cash outflows for next quarter: $350,000
equals = funds surplus to requirements = $1,319,000

BTW, worth noting "administration and corporate costs" (see 1.2) was quite high @ $70,000 - legals perhaps.