STRIKE RESOURCES LIMITED — Interim / Quarterly Report 2003

Feb 11, 2003

January 2003 Monthly Cash Flow Report

	Name of entity
	FAST SCOUT LIMITED
	ACN or ARBNMonth Ended ("Current Month")088 488 72431 January 2003
	Consolidated statement of cash flows
		Current MonthJan 2003$'000	Year to Date7 months$'000
	Cash flows related to operating activities
1.1	Receipts from customers	8	51
1.2	Payments for
	(a) staff costs	(10)	(141)
	(b) advertising and marketing
	(c) research and development
	(d) leased assets
	(e) other working capital	(14)	(178)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	8	72
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)
	(a) classification works		(179)
	Net operating cash flows	(8)	(375)

		Current Month	Year to Date
		Jan 2003	7 months
		$'000	$' 000
1.8	Net operating cash flows (carried forward)	(8)	(375)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)
	equity investments(b)
	intellectual property(c)
	(d)physical non-current assets	(1)	(2)
	other non-current assets(e)
1.10	Proceeds from disposal of:
	(a)businesses (item 5)
	(b)equity investments
	intellectual property(c)
	physical non-current assets(d)
	other non-current assets(e)
1.11	Loans to other entities
1.12	Loans repaid by other entities
1.13	Other (provide details if material)
	Net investing cash flows	(1)	(2)
1.14	Total operating and investing cash flows	(9)	(377)
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.
1.16	Proceeds from sale of forfeited shares
1.17	Proceeds from borrowings
1.18	Repayment of borrowings
1.19	Dividends paid
1.20	Other (provide details if material)
	(a) Net proceeds from sale of unmarketable parcels		63
	(b) Payments to former unmarketable parcels' shareholders		(57)
	(c) Payments in relation to share buy back	(1)	(65)
	Net financing cash flows	(1)	(59)
	Net increase (decrease) in cash held	(10)	(436)
1.21	Cash at beginning of month/year to date	2,281	2,707
1.22	Exchange rate adjustments to item 1.20
	Cash at end of month
1.23		2,271	2,271

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 MonthJan 2003$'000
1.24	Aggregate amount of payments to the parties included in item 1.2	25
-1.25.	Aggregate amount of loans to the parties included in item 1.11

• 1.26 Explanation necessary for an understanding of the transactions
  • $11,121 Directors' salaries and fees; $(1)$

$(2)$ $13,965 - for software development, project management and IT consulting services rendered by Bigshop.com.au Ltd in December 2002 and January 2003.

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$'000	Amount used$'000
3.1	Loan facilities	$\blacksquare$	$\blacksquare$
3.2	Credit standby arrangements	-	$\overline{ }$

Reconciliation of cash

Reconciliation of cash at the end of the month (as shown in the	Current	Previous
consolidated statement of cash flows) to the related items in the accounts	Month	Month
is as follows	$'000	$'000
4.1Cash on hand and at bank	88	99
4.2Deposits at call	2,183	2,182
4.3Bank overdraft
4.4Other (provide details)
Total: cash at end of month (item 1.23)	2.271	2,281

Acquisitions and disposals of business entities

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

Compliance statement

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

Sign here:

Print name:

Victor Ho Company Secretary Date: 12 February 2003