STRIKE RESOURCES LIMITED — Interim / Quarterly Report 2003

Jan 14, 2003

December 2002 Monthly Cash Flow Report

	Name of entity
	FAST SCOUT LIMITED
	ACN or ARBN088 488 724	Month Ended ("Current Month")	31 December 2002
	Consolidated statement of cash flows
		Current MonthDec 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	(48)	(131)
	(b) advertising and marketing
	(c) research and development
	(d) leased assets
	(e) other working capital	(80)	(164)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	12	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	(136)	(179)
	Net operating cash flows	(252)	(367)

$'000$' 0001.8Net operating cash flows (carried forward)(252)(367)Cash flows related to investing activities1.9Payment for acquisition of:businesses (item 5)(a)(b)equity investmentsintellectual property(c)physical non-current assets(d)(1)(1)other non-current assets(e)1.10Proceeds from disposal of:businesses (item 5)(a)(b)equity investmentsintellectual property(c)physical non-current assets(d)other non-current assets(e)1.11Loans to other entities1.12Loans repaid by other entities1.13Other (provide details if material)Net investing cash flows(1)(1)Total operating and investing cash flows1.14(253)(368)Cash flows related to financing activities		Current Month	Year to Date
		Dec 2002	6 months
Proceeds from issues of shares, options, etc.1.15
1.16Proceeds from sale of forfeited shares
1.17Proceeds from borrowings
1.18Repayment of borrowings
1.19Dividends paid
1.20Other (provide details if material)
(a) Net proceeds from sale of unmarketable parcels63
(57)(b) Payments to former unmarketable parcels' shareholders
(c) Payments in relation to share buy back(64)
Net financing cash flows(58)
Net increase (decrease) in cash held(426)(253)
1.21Cash at beginning of month/year to date2,5342,707
Exchange rate adjustments to item 1.201.22
Cash at end of month1.232,2812,281

Fast Scout Limited

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 Month
		Dec 2002
		$'000
1.24	Aggregate amount of payments to the parties included in item 1.2	203
-1.25.	Aggregate amount of loans to the parties included in item 1.11

• 1.26 Explanation necessary for an understanding of the transactions
  • $(1)$ $34,942 - Directors' salaries and fees;

(2) $32,007 - for software development, project management and IT consulting services 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, May, $(3)$ 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
$-3.1$	Loan facilities		$\sim$
3.2	Credit standby arrangements	$\overline{ }$	$\overline{\phantom{a}}$

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		99	49
4.2Deposits at call		2,182	2,485
4.3Bank overdraft
4.4Other (provide details)
	Total: cash at end of month (item 1.23)	2,281	2,534

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

• 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*

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Print name:

Victor Ho Company Secretary Date: 15 January 2003