CODEIFAI LIMITED — Interim / Quarterly Report 2005

Aug 10, 2005

$Rule 4.7B$

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Intraduced 31/3/2000. Assended 30/9/2001

Name of entity

AUSTRALIS MININIG CORPORATION LIMITED

$ABN$

68108649421

Quarter ended ("current quarter")
30 June 2005

Consolidated statement of cash flows

		Current quarter	Year to date l
Cash flows related to operating activities		SA'000	$(12 \text{ months})$
			SA'000
1.1	Receipts from customers	i.	10-
1.2	(a) staff costs Payments for (b) advertising and marketing (c) research and development	(150)	(754)
	(d) leased assets (c) other working capital	(133)	(510)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	4	29.
1.5	Interest and other costs of finance paid	(10)	(132)
1.6	fricome taxes paid
1.7	Other (provide details if material)	٠
	Net operating cash flows	(289)	(1,359)

• See chapter 19 for defined terms.

$\bar{z}$

30/9/2001

		Current quarter SA'000	Year to date $(12$ months) \$A'000
1.8	Net operating cash flows (carried forward)	(289)	(1, 359)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a) businesses (item $5$ ) (b) equity investments
	(c) intellectual property
	(d) physical non-current assets	(298)	(1, 268)
	(e) other non-current assets	(293)	(824)
1.10	Proceeds from disposal of:
	(a) businesses (item $5$ )
	(b) equity investments
	(c) intellectual property (d) physical non-current assets	5	5
	(e) other non-current assets
1.11	Loans to other entities
1.12	Loans repaid by other entities
1.13	Other (provide details if material)
	Net investing cash flows	(591)	(2,087)
1.14	Total operating and investing cash flows	(880)	(3,486)
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.		4,303
1.16	Proceeds from sale of forfeited shares
1.17	Proceeds from borrowings	200 (92)	1,161 (2,206)
1.18 1.19	Repayment of borrowings Dividends paid
1.20	Other (provide details if material)		(29)
	Net financing cash flows	108	3,229
	Net increase (decrease) in cash held	(772)	(217)
1.21 1.22	Cash at beginning of quarter/year to date Exchange rate adjustments to item $1.20$	877	322
1.23	Cash at end of quarter	105	105

$\hat{\mathcal{A}}$

⁺ See chapter 19 for defined terms.

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter SA 000	Year to date $(12$ months) \$A'000
1.2	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of payments from the parties included in item $1.17$ – advances from majority shareholder	w
		200	1.161
1.2	Aggregate amount of loans to the parties included in item 1.11 Aggregate amount of payments to the parties included in item 1.17
	repayments to majority shareholder repayments to directors	(69)	(961) (493)

$1.2$ Explanation necessary for an understanding of the transactions

Advances and repayments of the advances were made by/to the majority shareholder, Nikiticorp Limited pursuant to a standby loan facility.

Payments to directors were made against loans outstanding as at 30 June 2004.

Non-cash financing and investing activities

Details of financing and investing transactions which have had a material effect on consolidated $2.1$ assets and liabilities but did not involve cash flows

During the year the economic entity acquired plant and equipment with an aggregate value of \$480,000 (June quarter \$90,500) by means of finance leases. These acquisitions are not reflected in the statement of eash flows

Details of outlays made by other entities to establish or increase their share in businesses in which the $2.2$ reporting entity has an interest

Nil

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

		Amount available \$A'000	Amount used \$A'000
3.1	Loan facilities
3.2	Credit standby arrangements Standby Loan Facility provided by majority shareholder	1,000	200

⁺ See chapter 19 for defined terms.

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of eash flows) to the related items in the accounts is as follows.		Current quarter \$A'000	Previous quarter \$A'000
4.1	Cash on hand and at bank	105	87.
4.2	Deposits at call
4.3	Bank overdraft	u.
$-4.4$	Other (provide details)
	Total: cash at end of quarter (item 1.22)	105	87

Acquisitions and disposals of business entities

Not Applicable		Acquisitions	Disposals
		(Item $I.9(a)$ )	(Item 1.10(a))
5.1	Name of entity
5.2	Place of incorporation or registration
5.3	Consideration for acquisition or disposal
5.4	Total net assets
5.5	Nature of business

Compliance statement

• This statement bas been prepared under accounting policies which comply with accounting $\mathbf 1$ standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• This statement does give a true and fair view of the matters disclosed. $\,2\,$

Sign here:	Date: 11 August 2005
Wafren Kember Print name: Company secretary

Appendix 4C Page 4

$\mathcal{A}$

⁺ See chapter 19 for defined terms.

Notes

• The quarterly report provides a basis for informing the market how the entity's activities have $\mathbf{1}$ . been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this $\overline{2}$ report except for the paragraphs of the Standard set out below.
• 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss
• $9.2$ - itemised disclosure relating to acquisitions
• 9.4 - itemised disclosure relating to disposals
• $12.1(a)$ policy for classification of cash items
• disclosure of restrictions on use of cash $12.3$
• comparative information 13.1
• Accounting Standards. ASX will accept, for example, the use of International Accounting $\overline{3}$ . Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

⁺ See chapter 19 for defined terms.