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2007 Annual Report

STATEMENT OF FINANCIAL POSITION
as at 30 June 2007

2007 Budget $			Note	2007 Actual $	2006 Actual $
		CURRENT ASSETS
100		Cash and cash equivalents	7	95	1,455
1,500		Term deposits	7	1,950	-
11		Cash and cash equivalents - litigation fund	7	183	619
500		Term deposits - litigation fund	7	575	-
76		GST receivable		60	49
416		Trade and other receivables	10	274	327
2,603		Total current assets		3,137	2,450
		Non-current assets
1,516		Property, plant and equipment	11	1,307	1,554
-		Computer software	12	28	33
1,516		Total non-current assets		1,335	1,587
4,119		Total assets		4,472	4,037
		CURRENT LIABILITIES
436		Trade and other payables	13	388	397
13		Rent holiday liability	14	13	13
449		Total current liabilities		401	410
		NON-CURRENT LIABILITIES
60		Rent holiday liability	14	60	73
509		Total liabilities		461	483
		EQUITY
2,766		Accumulated funds		3,167	2,710
844		Litigation fund	5	844	844
3,610		Total equity	6	4,011	3,554
4,119		Total equity and liabilities		4,472	4,037

The accompanying Notes form part of these Financial Statements.

STATEMENT OF CASH FLOWS
for the year ended 30 June 2007

2007 Budget $000's			Note	2007 Actual $000's	2006 Actual $000's
		CASH FLOWS FROM OPERATING ACTIVITIES
		Cash was provided from:
6,501		- Government grant		6,501	5,478
1,403		- Government grant - litigation fund		435	839
235		- Exemptions and authorisations fees		295	238
–		- Miscellaneous		1	11
120		- Interest		81	119
1,230		- Administrative services to the   Takeovers Panel		1,124	1,111
		Cash was applied to:
(4,737)		- Suppliers		(3,139)	(3,631)
(4,373)		- Employees		(4,446)	(3,444)
2		- Net GST		(11)
381		Net cash flows from operating activities	15	841	721
		CASH FLOWS FROM INVESTING ACTIVITIES
		Cash was provided from:
-		- Sale of fixed assets		-	2
-		- Decrease in term deposits		-	500
		Cash was applied to:
(316)		- Purchase of property, plant   and equipment		(98)	(138)
-		- Purchase of computer software		(14)	(26)
(100)		- Increase in term deposit		(1,950)	-
-		- Increase in term deposit (litigation)		(575)	-
(416)		Net cash flows from investing activities		(2,637)	338
		CASH FLOWS FROM FINANCING ACTIVITIES
		Cash was provided from:
-		- Capital contribution		-	-
-		Net cash flows from financing activities		-	-
(35)		Net increase (decrease) in cash balances		(1,796)	1,059
146		Add opening cash and cash equivalents balance		2,074	1,015
111		Closing cash and cash equivalents balance carried forward		278	2,074
		COMPRISING
100		Cash and cash equivalents		95	1,455
11		Cash and cash equivalents - litigation fund		183	619
111				278	2,074

The accompanying Notes form part of these Financial Statements.