2008 Annual Report

STATEMENT OF FINANCIAL POSITION
as at 30 June 2008

2008 Budget $			Note	2008 Actual $	2007 Actual $
		CURRENT ASSETS
193		Cash and cash equivalents	7	48	95
1,950		Term deposits	7	1,632	1,950
116		Cash and cash equivalents - litigation fund	7	178	183
2,400		Term deposits - litigation fund	7	650	575
49		GST receivable		51	60
335		Trade and other receivables	10	2,223	274
5,043		Total current assets		4,782	3,137
		Non-current assets
1,350		Property, plant and equipment	11	1,356	1,307
12		Computer software	12	25	28
1,362		Total non-current assets		1,381	1,335
6,405		Total assets		6,163	4,472
		CURRENT LIABILITIES
472		Trade and other payables	13	541	388
13		Rent holiday liability	14	13	13
485		Total current liabilities		554	401
		NON-CURRENT LIABILITIES
47		Rent holiday liability	14	47	60
532		Total liabilities		601	461
		EQUITY
3,117		Accumulated funds		2,696	3,167
2,756		Litigation fund	5	2,866	844
5,873		Total equity	6	5,562	4,011
6,405		Total equity and liabilities		6,163	4,472

The accompanying Notes form part of these Financial Statements.

STATEMENT OF CASH FLOWS
for the year ended 30 June 2008

2008 Budget $000's			Note	2008 Actual $000's	2007 Actual $000's
		CASH FLOWS FROM OPERATING ACTIVITIES
		Cash was provided from:
6,501		- Government grant		6,500	6,501
2,276		- Government grant - litigation fund		149	435
267		- Exemptions and authorisations fees		212	295
—		- Miscellaneous		7	1
230		- Interest		224	81
1,242		- Administrative services to the   Takeovers Panel		1,020	1,124
		Cash was applied to:
(3,553)		- Suppliers		(3,015)	(3,139)
(4,838)		- Employees		(5,018)	(4,446)
—		- Net GST		8	(11)
2,125		Net cash flows from operating activities	15	87	841
		CASH FLOWS FROM INVESTING ACTIVITIES
		Cash was provided from:
—		- Decrease in term deposits		318	—
		Cash was applied to:
(344)		- Purchase of property, plant   and equipment		(366)	(98)
—		- Purchase of computer software		(16)	(14)
—		- Increase in term deposit		—	(1,950)
(1,825)		- Increase in term deposit (litigation)		(75)	(575)
(2,169)		Net cash flows from investing activities		(139)	(2,637)
		CASH FLOWS FROM FINANCING ACTIVITIES
		Cash was provided from:
—		- Capital contribution		—	—
—		Net cash flows from financing activities		—	—
(44)		Net increase (decrease) in cash balances		(52)	(1,796)
353		Add opening cash and cash equivalents balance		278	2,074
309		Closing cash and cash equivalents balance carried forward		226	278
		COMPRISING
193		Cash and cash equivalents		48	95
116		Cash and cash equivalents - litigation fund		178	183
309				226	278

The accompanying Notes form part of these Financial Statements.