Appendix4C

Quarterlyreportforentities
admittedonthebasisofcommitments

ACN120394194

201AdelaideTerrace
PerthWesternAustralia6000
Phone(08)94634340
Facsimile(08)93255999
www.ilh.com.au

Rule4.7B

Appendix 4C

Quarterly report
for entities admitted
on the basis of commitments

Nameofentity

IntegratedLegalHoldingsLimited

ABN

20120394194

Quarterended(currentquarter)

30June2009

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(referAppendixA)
1.7
Other(providedetailsifmaterial)
(a) Rentreceived
(b) Sundryincome

Netoperatingcashflows(referAppendixA)

Appendix4C

Current
Quarter
$A000
5,264
(3,187)
(50)

(1)
(2,240)

YeartoDate
(12months)
$A000
15,039
(10,138)
(209)

(4)
(5,548)

6
(18)
(1,330)

160
(24)
(1,333)

92
6

252
150

(1,458)

(1,655)

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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

1.9

1.10

1.11
1.12
1.13

1.15
1.16
1.17
1.18
1.19
1.20

(1,458)

(1,655)

(82)

(33)

(3,731)

(181)

(115)

(3,910)

Totaloperatingandinvestingcashflows

(1,573)

(5,565)

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

1,093
(113)

2,199
(387)
(1,411)

980

401

(593)

(5,164)

1,056

5,627

463

463

1.21
1.22

Netfinancingcashflows

Netincrease(decrease)incashheld

Cashatbeginningofquarter/yeartodate
Exchangerateadjustmentstoitem1.20

1.23

Cashatendofquarter

YeartoDate
(12months)
$A000

Current
Quarter
$A000

Appendix4C

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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.

102

102

Noncashfinancingandinvestingactivities
2.1

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

Nil

2.2

Detailsofoutlaysmadebyotherentitiestoestablishorincreasetheirshareinbusinessesin
whichthereportingentityhasaninterest

Nil

Appendix4C

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Appendix4C
Quarterlyreportforentities
admittedonthebasisofcommitments

Financingfacilitiesavailable
Addnotesasnecessaryforanunderstandingoftheposition.(SeeAASB1026paragraph12.2).

Amountavailable
$A000

3.1

Loanfacilities

3.2

Creditstandbyarrangements

Amountused
$A000

2,500

1,723

610

126

Reconciliationofcash

Reconciliationofcashattheendofthequarter(as
shownintheconsolidatedstatementofcashflows)
totherelateditemsintheaccountsisasfollows.
4.1

Cashonhandandatbank

4.2

Currentquarter
$A000

Previousquarter
$A000

463

1,056

Depositsatcall

4.3

Bankoverdraft

4.4

Other(providedetails)

463

1,056

Total:cashatendofquarter(item1.23)

Acquisitionsanddisposalsofbusinessentities

Acquisitions
(Item1.9(a))

5.1

Nameofentity

5.2

5.4

Placeof
incorporationor
registration
Considerationfor
acquisitionor
disposal
Totalnetassets

5.5

Natureofbusiness

5.3

Disposals
(Item1.10(a))

MarkDouglasstradingas
mdalawyers

Nil

NewSouthWales

Nil

$82,000(referAppedixA)

Nil

ReferAppendixA

Nil

Legalpractice

Nil

Appendix4C

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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

30July2009

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

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Appendix4C
Quarterlyreportforentities
admittedonthebasisofcommitments

APPENDIX A
Item2.1

Detailsoffinancingandinvestingtransactionswhichhavehadamaterialeffect
onconsolidatedassetsandliabilitiesbutdidnotinvolvecashflows
BusinessAcquisitions

Item1.9(a)

Item1.8
Netoperatingcashoutflowsforthequarter
TheIntegratedLegalHoldingsLimitedgroupincurrednetoperatingcashoutflowsof$1.46m
fortheJune2009quarter.Thesenetoutflowshavearisenasaresultofthepaymentofincome
taxesandworkingcapitalsupportfornewbusinessacquisitions,bothofwhichareexplained
furtherbelow.

Incometaxespaid
During the quarter the Company paid $1.330m in income tax payments of which $980k
representedtheCompanysmaidenincometaxliabilityforthe2008financialyearand$350k
representedthefirstinstalment(prepayment)ofincometaxwithrespecttothe2009financial
year.

In the first year of meeting taxation obligations, there is effectively a double up of tax
payments,allofwhichoccurredduringtheJunequarter.Thishassignificantlyimpactedthe
Companysreportedoperatingcashflows.

Thisissituationisuniquetothefirstyearinwhichtaxispaidandwillnotberepeated.In
future periods, taxation payments will be paid on a quarterly basis in advance and will
representonequarteroftheyearsestimatedtaxationliability.

Workingcapitalsupportfornewbusinessacquisitions
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
periodofupto46months.

ThematerialityoftheacquisitionsofArgyleLawyersinNovember2008andmdalawyersin
March2009totheIntegratedLegalHoldingsLimitedgroupissignificant.Therehasbeena
negative impact on operating cash flows for the March and June 2009 quarters. Thereafter,
thebusinessesareexpectedtogeneratepositiveoperatingcashflowsforthegroup.

Item1.9(a) Acquiredlegalpracticemdalawyers
AsreportedintheMarch2009quarterlyreport,IntegratedLegalHoldingsLimited,through
its wholly owned subsidiary, Argyle Lawyers Pty Ltd, acquired the legal practice of mda
lawyers on 13 March 2009. This acquisition was merged into the existing practice of Argyle
Lawyers.

DuringtheJunequarter,additionalexpensesamountingto$82,000wereincurredinrelation
totheacquisitionofthisbusiness.Therewerenofurtherchangestothenetassetsacquiredas
reportedpreviously.

Appendix4C

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