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CULLEN RESOURCES LIMITED — Interim / Quarterly Report 2008
Apr 29, 2008
64724_rns_2008-04-29_0b003166-0f3a-4254-8d3d-82426dc58282.pdf
Interim / Quarterly Report
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Appendix 5B Mining exploration entity quarterly report
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98.
Name of entity
CULLEN RESOURCES LIMITED
| ABN | Quarter ended (“current quarter”) | |
|---|---|---|
| 46 006 045 790 | 31 March 2008 |
Consolidated statement of cash flows
| Cash flows related to operating activities1.1Receipts from product sales and related debtors1.2Payments for(a) exploration and evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar nature received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material) | Cash flows related to operating activities1.1Receipts from product sales and related debtors1.2Payments for(a) exploration and evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar nature received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material) | Cash flows related to operating activities1.1Receipts from product sales and related debtors1.2Payments for(a) exploration and evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar nature received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material) | Current quarter$A’000 | Year to date(...9..months)$A’000 |
|---|---|---|---|---|
| -(474)--(65)-105--- | -(1,172)--(412)-123--- | |||
| (1,461) | ||||
| Net Operating Cash Flows | (434) | (1,461) | ||
| Cash flows related to inves1.8Payment for purchases of:1.9Proceeds from sale of:1.10Loans to other entities1.11Loans repaid by other entitie112Oh id dil if | flows related to invesent for purchases of: | ting activities(a)prospects | - | - |
| (b)equity investments(c) other fixed assets | -- | -(3) | ||
| eeds from sale of: | (a)prospects(b)equity investments(c)other fixed assets | --- | --- | |
| sil Si di | -- | -- | ||
| .ter (prove etas matera)- ecurty epostsNet investing cash flows1.13Total operating and investing cash flows (carriedforward) | - | |||
| - | (3) | |||
| (434) | (1,464) |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
| 1.13Total operating and investing cash flows (broughtforward) | (434) | (1,464) |
|---|---|---|
| Cash flows related to financing activities1.14Proceeds from issues of shares, options, etc.1.15Proceeds from sale of forfeited shares1.16Proceeds from borrowings1.17Repayment of borrowings1.18Dividends paid1.19Other share issue expensesNet financing cash flows | ------ | 7,545----- |
| - | 7,545 | |
| Net increase (decrease) in cash held1.20Cash at beginning of quarter/year to date1.21Exchange rate adjustments to item 1.201.22Cash at end ofquarter | (434)8,317- | 6,0811,802- |
| 7,883 | 7,883 |
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
| 1.231.24 | 1.231.24 | Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to the parties included in item 1.10 | Current quarter$A'000 |
|---|---|---|---|
| 100 | |||
| - | |||
| 1.25Explanation necessary for an understanding of the transactions-Non-cash financing and investing activities2.1Details of financing and investing transactions which have had a material effect on consolidated assets andliabilities but did not involve cash flows-2.2Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest- | Explanation necessary for an understanding of the transactions | ||
| - | |||
| - | |||
| Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest | |||
| - |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
| 3.1Loan facilities3.2Credit standby arrangements | Amount available$A’000 | Amount used$A’000 |
|---|---|---|
| - | - | |
| - | - |
Estimated cash outflows for next quarter
| Estimated cash outflows for next quarter | |
|---|---|
| 4.1Exploration and evaluation4.2Development | $A’000 |
| 300 | |
| - | |
| Total | 300 |
Reconciliation of cash
| Reconciliation of cash | ||
|---|---|---|
| Reconciliation of cash at the end of the quarter (as shown in | Current quarter | Previous quarter |
| the consolidated statement of cash flows) to the related items | $A’000 | $A’000 |
| in the accounts is as follows. | ||
| 5.1Cash on hand and at bank | 7,883 | 8,317 |
| 5.2Deposits at call | - | - |
| 5.3Bank overdraft | - | - |
| 5.4Other (provide details) | - | - |
| Total: cash at end of quarter(item 1.22) | 7,883 | 8,317 |
Changes in interests in mining tenements
| 6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased | Tenementreference | Nature of interest(note (2)) | Interest atbeginning ofquarter | Interest atend ofquarter |
|---|---|---|---|---|
| E53/1330P53/1266P53/1267 | ApplicationGrantedGranted | 100%100%100% | NilNilNil | |
| - | - | - | - |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
| Total number | Number quoted | Issuepricepersecurity (see note3) (cents) | Amount paid up persecurity (see note 3)(cents) | |
|---|---|---|---|---|
| 7.1Preference+securities(description)7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs,redemptions | - | - | - | - |
| -- | -- | -- | -- | |
| 7.3+Ordinarysecurities7.4Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs | 554,839,763 | 554,839,763 | - | - |
| -- | -- | -- | -- | |
| 7.5+Convertible debtsecurities(description)7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough securitiesmatured,converted | - | - | - | - |
| -- | -- | -- | -- | |
| 7.7Options(description andconversion factor)7.8Issued duringquarter7.9Exercised duringquarter7.10Expired duringquarter | 8,000,0007,000,0007,000,000 | --- | Exercise price$0.1338$0.05$0.08 | Expiry date30 November 201028 February 201028February2010 |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| 7.11Debentures(totals only) | - | - | ||
| 7.12Unsecured notes(totals only) | - | - |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
Compliance statement
-
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4).
-
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 30/04/08........................ (Director/Company secretary)
Print name: Wayne Kernaghan
Notes
-
1 The quarterly report provides a basis for informing the market how the entity’s activities have 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.
-
2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
-
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .
-
4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.
-
5 Accounting Standards ASX will accept, for example, the use of International Accounting 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.
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