RAIDEN RESOURCES LIMITED — Interim / Quarterly Report 2010

Jan 30, 2011

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

Shell Villages and Resorts Limited

ABN Quarter ended ("current quarter")

68 009 161 522 31 DECEMBER 2010

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter$A'000	Year to date(6months)$A'000
1.1	Receipts from customers
1.2	Payments for	(a) staff costs(b) advertising and marketing(c) research and development(d) leased assets(e) other working capital	`(1)	(24)
1.31.41.51.61.7	Dividends receivedInterest and other items of a similar naturereceivedInterest and other costs of finance paidIncome taxes paidOther (provide details if material)
	Net operating cash flows		(1)	(24)

+ See chapter 19 for defined terms.

		Current quarter$A'000	Year to date(6months)$A'000
1.8	Net operating cash flows (carried forward)	(1)	(24)
1.9	Cash flows related to investing activitiesPayment for acquisition of:(a) businesses (item 5)(b) equity investments
1.10	(c) intellectual property(d) physical non-current assets(e) other non-current assetsProceeds from disposal of:(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets
1.111.121.13	Loans to other entitiesLoans repaid by other entitiesOther (provide details if material)
	Net investing cash flows
1.14	Total operating and investing cash flows
1.151.161.171.181.191.20	Cash flows related to financing activitiesProceeds from issues of shares, options, etc.Proceeds from sale of forfeited sharesProceeds from borrowingsRepayment of borrowingsDividends paidOther (provide details if material)
	Net financing cash flows
	Net increase (decrease) in cash held	(1)	(24)
1.211.22	Cash at beginning of quarter/year to dateExchange rate adjustments to item 1.20	39	39
1.23	Cash at end of quarter	38	38

+ 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

$A'000
1.24Aggregate amount of payments to the parties included in item 1.2	NIL
1.25Aggregate amount of loans to the parties included in item 1.11nil

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
• 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

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
		Nil	NIL
3.2	Credit standby arrangements
		NIL	NIL

+ See chapter 19 for defined terms.

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$A'000	Previous quarter$A'000
4.1	Cash on hand and at bank	-	1
4.2	Deposits at call
4.3	Bank overdraft
4.4	Other (provide details)cash management anddeposit account	38	38
	Total: cash at end of quarter (item 1.23)	38	39

Acquisitions and disposals of business entities

		Acquisitions(Item 1.9(a))	Disposals(Item 1.10(a))
5.1	Name of entity
5.2	Place of incorporationor registration
5.3	Consideration foracquisition or disposal
5.4	Total net assets
5.5	Nature of business

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 give a true and fair view of the matters disclosed.

Sign here: ......................................................... Date: 31 JANUARY

2011

(Director/Company secretary)

Print name: ....BORIS PATKIN.....................................................

+ See chapter 19 for defined terms.

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.
• 1. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this 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
  • 12.3 disclosure of restrictions on use of cash
  • 13.1 comparative information
• 1. 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.