| CASH FLOW STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
| |
NOTES |
CONSOLIDATED ENTITY |
PARENT ENTITY |
| |
|
2009 |
2008 |
2009 |
2008 |
| |
|
$ |
$ |
$ |
$ |
CASH FLOWS FROM
OPERATING ACTIVITIES |
|
|
|
|
|
| |
|
|
|
|
|
Receipts from customers
(inclusive of GST) |
|
– |
– |
– |
– |
| Payments to suppliers and employees (inclusive of GST) |
|
(748,349) |
(1,680,145) |
(773,045) |
(1,851,414) |
| Interest received |
|
207,638 |
472,693 |
207,430 |
472,076 |
| Net cash provided by (used in) operating activities |
23a |
(540,711) |
(1,207,452) |
(565,615) |
(1,379,338) |
| |
|
|
|
|
|
CASH FLOWS FROM
INVESTING ACTIVITIES |
|
|
|
|
|
| |
|
|
|
|
|
| Increase in intercompany loans |
|
– |
– |
(2,548,167) |
(1,355,198) |
| Purchase of property, plant and equipment |
|
(374,022) |
(466,116) |
(159,563) |
(124,527) |
| Payments for capitalised exploration expenditure |
16 |
(2,439,325) |
(1,865,069) |
– |
(736,531) |
| Receipts for sale of property, plant and equipment |
|
34,962 |
– |
3,318 |
– |
| Payment for investment in subsidiaries |
23b |
– |
(17,726) |
– |
(17,726) |
| Net cash provided by (used in) investing activities |
|
(2,778,385) |
(2,348,911) |
(2,704,412) |
(2,233,982) |
| |
|
|
|
|
|
CASH FLOWS FROM
FINANCING ACTIVITIES |
|
|
|
|
|
| Repayment of loan to related party |
|
– |
– |
– |
– |
| Proceeds from issue of shares |
|
– |
5,562,726 |
– |
5,545,000 |
| Net cash provided by (used in) financing activities |
|
– |
5,562,726 |
– |
5,545,000 |
| Net increase (decrease) in cash held |
|
(3,319,096) |
2,006,363 |
(3,270,027) |
1,931,680 |
| Cash and cash equivalents at the beginning of the financial year |
|
5,408,627 |
3,402,264 |
5,306,502 |
3,374,822 |
| Cash and cash equivalents at the end of the financial year |
11 |
2,089,531 |
5,408,627 |
2,036,475 |
5,306,502 |
The above cash flow statement should be read in conjunction with the accompanying notes. |
