ENECO REFRESH LTD — Interim / Quarterly Report 2008

Jul 29, 2008

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.

Name of entity
Refresh Group Limited
ABN 28 079 681 244	Quarter ended (“current quarter”)
28 079 681 244	30 June 2008

Consolidated statement of cash flows

Consolidated statement of cash flows
Cash flows related to operating activities1.1Receipts from customers1.2Payments for(a) staff costs(b) advertising and marketing(c) research and development(d) leased assets(e) other working capital1.3Dividends received1.4Interest and other items of a similar naturereceived1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material)Net operating cash flows	Current quarter$A	Year to date(12 months)$A
	1,301,973-603,660-12,578--91,055- 786,223-10,586-5,4193,102-	4,994,108-2,509,426-144,150--344,950-2,661,748-37,732-45,4773,102-
	-183,274	-670,808

• See chapter 19 for defined terms.

24/10/2005

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

	Current quarter$A	Year to date(12 months)$A
1.8Net operating cash flows (carried forward)	-183,274	-670,808
Cash flows related to investing activities1.9Payment for acquisition of:(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets1.10Proceeds from disposal of:(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets1.11Loans to other entities1.12Loans repaid by other entities1.13Other (payment from associates)Net investing cash flows1.14Total operating and investing cash flows	----3,821---------	-565,000---138,233--20,000-2,262,295- - -12,000
	-3.821	1,591,063
	-187,094	920,255
Cash flows related to financing activities1.15Proceeds from issues of shares, options, etc.1.16Proceeds from sale of forfeited shares1.17Proceeds from borrowings1.18Repayment of borrowings1.19Dividends paid1.20OtherNet financing cash flows	----27,690-198,700	--141,500-976,651-231,700
	171,010	-603,451
Net increase (decrease) in cash held1.21Cash at beginning of quarter/year to date1.22Exchange rate adjustments to item 1.201.23Cash at end of quarter	-16,084768,395-	316,804435,507-
	752,311	752,311

• See chapter 19 for defined terms.

24/10/2005

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

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
		$A
1.24	Aggregate amount of payments to the parties included in item 1.2	-
1.25	Aggregate amount of loans to the parties included in item 1.11	-

• 1.26 Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities

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

None

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

None

Financing facilities available

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

		Amount available	Amount used
		$A	$A
3.1	Loan facilities	217,046	217,046
3.2	Credit standby arrangements
		-	-

• See chapter 19 for defined terms.

24/10/2005

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.	Current quarter$A	Previous quarter$A
4.1Cash on hand and at bank4.2Deposits at call4.3Bank overdraft4.4Other (provide details)	752,311	768,395
	-	-
	-	-
	-	-
Total: cash at end of quarter(item 1.23)	752,311	768,395

Acquisitions and disposals of business entities

5.1Name of entity5.2Place of incorporationor registration5.3Consideration foracquisition or disposal5.4Total net assets5.5Nature of business	Acquisitions(Item 1.9(a))	Disposals(Item 1.10(a))
	Nil	Nil

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting 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.

• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

==> picture [66 x 30] intentionally omitted <==

Sign here: ............................................................ Date: ... 30 July 2008 ....................... Executive Chairman Print name: ...... Henry Heng ...............................

• See chapter 19 for defined terms.

24/10/2005

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