STRIKE RESOURCES LIMITED — Interim / Quarterly Report 2002

Jan 30, 2003

Appendix 4C

Quarterly Report for entities admitted on the basis of commitments

	Name of entity
	FAST SCOUT LTD
	ACN or ARBN	Quarter ended ("current quarter")
	088 488 724		31 December 2002
	Consolidated statement of cash flows
		Current quarterDec 2002$'000	Year to date6 months$' 000
	Cash flows related to operating activities
1.1	Receipts from customers		43
1.2	Payments for
	(a) staff costs	(94)	(130)
	(b) advertising and marketing
	(c) research and development
	(d) leased assets
	(e) other working capital	(89)	(160)
1.3	Dividends received
14	Interest and other items of a similar nature received	39	64
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)
	(a) classification works	(166)	(179)
	Net operating cash flows	(310)	(362)

		Current quarter	Year to date
		Dec 2002	6 months
		$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(310)	(362)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	businesses (item 5)(a)
	(b)equity investments
	(c)intellectual property
	(d)physical non-current assets	(1)	(1)
	other non-current assets(e)
1.10	Proceeds from disposal of:
	businesses (item 5)(a)
	(b)equity investments
	(c)intellectual property
	(d)physical non-current assets
	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)	(1)
1.14	Total operating and investing cash flows	(311)	(363)
	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		62
	(b) Payments to former unmarketable parcels' shareholders(c) Payments in relation to share buy back		(57)(64)
	Net financing cash flows		(59)
	Net increase (decrease) in cash held	(311)	(422)
1.21	Cash at beginning of quarter/year to date	2,596	2,707
1.22	Exchange rate adjustments to item 1.20
1.23	Cash at end of quarter	2,285	2,285

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 quarterDec 2002$'000
1.24	Aggregate amount of payments to the parties included in item 1.2	97
	-1.25 - Aggregate amount of loans to the parties included in item 1.11

1.26 Explanation necessary for an understanding of the transactions

$32,007 - for software development, project management and IT consulting services $(2)$ rendered by Bigshop.com.au Ltd between July and November 2002;

$136,196 - for classification works undertaken by Data Base Systems Ltd (in March, April, $(3)$ May, June, September, October and November 2002) in relation to development of Portal Technology (payments to Director-related entities included in item 1.7);

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
3.1Loan facilities
3.2Credit standby arrangements

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (as shown in the	Current	Previous
	consolidated statement of cash flows) to the related items in the	quarter	quarter
accounts is as follows		$'000	$'000
$-4.1$	Cash on hand and at bank	103	171
4.2	Deposits at call	2,182	2,425
4.3	Bank overdraft
4.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	2,285	2,596

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

• $\mathbf{1}$ 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.
• $\overline{2}$ This statement does /does not*

Sign here:

Date:

30 January 2003

Print name:

Victor Ho Company Secretary

Notes

• $10$ 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.
• $2.0$ 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
• Accounting Standards. ASX will accept, for example, the use of International Accounting $3.0$ 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.