MACRO METALS LIMITED — Annual Report 2003

Sep 10, 2003

Appendix 4E in accordance with 4.3A of ASX Listing Rules

Title Page $\mathbf 1$

Entity: ABN: ASX Code: Document: Reporting Period: Previous Corresponding Period: The information in this report should be read in conjunction with the most recent annual financial report.

Auto Enterprises Limited 28 001 894 033 ATL Preliminary Final Report Year to 30 June 2003 Year to 30 June 2002

2 Results for Announcement to the Market

RESURS IOI ANIIOUNCEMENT LO UIE MAINEL
	SA'000
Revenues from ordinary activities	21
Profit (loss) from ordinary activities after tax (before amortisation of goodwill) attributable to members	51
Profit (loss) from ordinary activities after tax attributable to members	51
Profit (loss) from extraordinary items after tax attributable to members	n
Net profit (loss) for the period attributable to members	51
Dividends No final/interim dividends will be/have been paid

No dividends were paid in the previous corresponding periods

3. CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE

	Current Period A\$'000	Previous correspond ing period A\$'000
Revenue from ordinary activities - refer 3.1 below	21	11
Expenses from ordinary activities - refer 3.2 below	30	$-111$
Borrowing Costs - refer 3.6 below	0	0
Share of net profits(losses) of associates and joint venture entities	0	0
Profit(Loss) from ordinary activities before tax	51	$-100$
Income tax on ordinary activities	0	0
Profit(Loss) from ordinary activities after tax	51	$-100$
Profit(Loss) from extraordinary items after tax - refer 3.3 below	0	0
Net profit(loss)	51	$-100$
Net profit(loss) attributable to outside equity interests	0	0
Net profit(loss) for the period attributable to members	51	$-100$
Total changes in equity other than those resulting from transactions with owners as owners	51	-100
Basic Earnings Per Share	$0.39$ cents	$(0.77)$ cents
Diluted Earnings Per Share	N.A.	N.A.
Dividends Per Share	NIL	NIL

NOTES TO THE CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE

3.1 Revenue from Ordinary Activities

Current Period A\$'000	Previous correspond ing period A\$'000
11	11
10
21

Interest Revenue

Other relevant revenues

Contribution to expenses by other party

3.2 Expenses from Ordinary Activities

	Current Period A\$'000	Previous correspond ing period A\$'000
Accounting and Audit Fees Secretarial Services/Consultancy Fees Share Registry Expenses Legal Costs Travelling Provision for Loss on Term Deposit Written Back Other	23 22 25 $-105$	37 15 22 24 10

3.3 Individually Significant Items

The following item included in expenses is significant in explaining financial performance. Reversal of provision for loss on term deposit no longer required

Current Period A\$'000	Previous correspond ing period A\$'000
105
105

$-30$

111

3.4 Amortisation and Impairment Expenses

NIL

3.5 Comparison of Half-Year Profits

Consolidated profit(loss) from ordinary activities after tax attributable to members reported for the 1st half year

Consolidated profit(loss) from ordinary activities after tax attributable to members for the 2nd half year

Current Period A\$'000	Previous correspond ing period A\$'000
71	-41
-20	-58

4. CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

F

÷

	Current Period A\$'000	Previous correspond ing period A\$'000
Current Assets Cash	200	118
Receivables	4	36
Interest bearing securities	40	40
Total Current Assets	244	194
Total Non-Current Assets	0	$\overline{0}$
TOTAL ASSETS	244	194
Current Liabilities Payables	15	16
Total Current Liabilities	15	16
Total Non-Current Liabilities	0	$\overline{0}$
TOTAL LIABILITIES	15	16
NET ASSETS	229	178
Equity Capital/Contributed Equity Recense	3,671 715	3,671 715

Reserves Retained Profits/Accumulated Losses

Equity Attributable to Members of the Parent Entity

Outside equity interests in controlled entities

Total Equity

Preference Capital included as part of Capital/Contributed Equity above

3,671 715 $-4,157$	3,671 715 $-4,208$
229	178
0	0
229	178

NIL	NIL

NOTES TO CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

ш

Г

$-4,157$ $-4,208$

Г

4.1 Consolidated Retained Profits

	Current Period A\$'000	Previous correspond ing period A\$'000
Retained Profits (Accumulated Losses) at the beginning of the financial period Net profit (loss) attributable to members Dividends and other equity distributions paid or payable	$-4,208$ 51	$-4,108$ $-100$
Retained Profits (Accumulated Losses) at the end of the financial period	-4.157	-4.2081

1. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

	Current Period A\$'000	Previous correspond ing period A\$'000
Cash flows related to operating activities Receipts from customers Payments to suppliers and employees Interest and other items of a similar nature received Interest and other costs of finance paid	0 $-34$ 11 0	0 $-131$ 12 0
Net operating cash flows	$-23$	$-119$
Cash flows from Financing and Other Activities (Payment for)/recovery of unapproved withdrawn funds	$-125$	130
Net cash from Other Activities	$-125$	130
Net increase (decrease) in cash held	$-148$	11
Cash at beginning of period - refer 5.1 below	118	337
Increase/(decrease) in provision for loss on term deposit	230	$-230$
Cash at end of period - refer 5.1 below	200	118

NOTES TO THE CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

5.1 Reconciliation of Cash

	Current Period A\$'000	Previous correspond ing period A\$'000
Cash on hand and at bank	200	58
Deposits at call		290
Less provision for loss on deposits		$-230$
Total cash at end of period	200	118

Г

Current Period	Previous correspond ing period
$1.75$ cents	1.36 centsl

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۰

1. NET TANGIBLE ASSETS PER ORDINARY SHARE (NTA backing)

DETAILS OF CONTROLLED ENTITIES	NIL
--------------------------------	-----

8. DETAILS OF ASSOCIATES AND JOINT VENTURE ENTITIES NIL

9. DIVIDENDS

$9.1$ Dividends per Share

Final

• current period
• previous corresponding period

Interim

• current period
• previous corresponding period

	Amount per share
NIL	cents
NIL	cents
NIL	cents
NIL	cents

9.2	Total Dividends
-----	------------------------

Fotal Dividends	Current Period A\$'000	Previous correspond ing period A\$'000
Interim - paid/payable Final - paid/payable	NIL NIL	NIL NIL

$9.3$ Dividend Reinvestment Plans NIL

NIL

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1. ACCOUNTING STANDARDS

Australian Accounting Standards have been used in compiling the information contained in this Appendix 4E.

• $11.$ OTHER INFORMATION REGARDING THE ACCOUNTS
• 11.1 The information contained in this Appendix 4E is based on accounts which (choose one):
• have been audited
• are in the process of being audited
• have not yet been audited
• 11.2 Audit Disputes or Qualifications

Nil

$12.$ OTHER SIGNIFICANT INFORMATION

The Company sold its then operating activity known as Speedy Wheels in 1999 and since has had no operating business. The directors have evaluated, and continue to evaluate businesses for acquisition as a new operating base for the Company. The Company retains its listing on the Australian Stock Exchange but its shares are suspended from trading.