STRIKE RESOURCES LIMITED — Interim / Quarterly Report 2003

Jan 29, 2004

Appendix 4C

Quarterly Report for entities admitted on the basis of commitments

	Name of entity
	FAST SCOUT LIMITED
	ACN or ARBN			Quarter Ended
	088 488 724			31 December 2003
	Consolidated statement of cash flows	Company		Consolidated
		Current Quarter	Year to Date	Current Quarter	Year to Date
		Dec 2003	6 months	Dec 2003	6 months
		$ 000	$' 000	$$^{\circ}000$	$' 000
	Cash flows related to operating activities
1.1	Receipts from customers	7	23	65	81
1.2	Payments for
	(a) staff costs	(87)	(153)	(252)	(318)
	(b) advertising and marketing	(1)	(2)	(1)	(2)
	(c) research and development	(42)	(50)	(42)	(50)
	(d) leased assets
	(e) other working capital	(136)	(153)	(290)	(307)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	18	36	56	74
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)
	(a) Classification works	(27)	(127)	(132)	(232)
	Net operating cash flows	(268)	(426)	(596)	(754)

Notes:

On 3 October 2003, the Company increased its voting power in ASX Listed Altera Capital Limited ("AEA") from 21.74% to 32.253% as a consequence of the cancellation of 30m shares bought-back by AEA.

Accordingly, in light of such increased voting power, AEA has been treated as a controlled entity of the Company pursuant to Accounting Standard 1024 "Consolidated Accounts" for the first time in the Company's October 2003 Monthly Cash Flow Report.

Therefore, the Consolidated columns in this Cash Flow Report takes into account the cash flows of the Company and its controlled entities, including AEA (as a consolidated entity).

		Company		Consolidated
		Current Quarter	Year to Date	Current Quarter	Year to Date
		Dec 2003	6 months	Dec 2003	6 months
		$' 000	$' 000	$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(268)	(426)	(596)	(754)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a)businesses (item 5)
	(b)equity investments		(21)	(2, 433)	(2, 454)
	(c)intellectual property
	(d)physical non-current assets
	other non-current assets(e)
	1.10 Proceeds from disposal of:
	businesses (item 5)(a)
	(b)equity investments
	intellectual property(c)
	(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)
	(a) Net cash inflow from acquisition ofAltera Capital Ltd			4,648	4,648
	Net investing cash flows	$\overline{\phantom{a}}$	(21)	2,215	2,194
1.14	Total operating and investing cash flows	(268)	(447)	1,619	1,440
	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) Payments in relation to share buy back		٠	$\overline{\phantom{a}}$
	Net financing cash flows	$\overline{\phantom{a}}$	٠	$\blacksquare$	٠
	Net increase (decrease) in cash held	(268)	(447)	1,619	1,440
1.21	Cash at beginning of quarter/year to date	1,518	1,697	1,518	1,697
1.22	Exchange rate adjustments to item 1.20
	1.23 Cash at end of quarter	1,250	1,250	3,137	3,137

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 Quarter
		Dec 2003
		$$^{\circ}000$
1.24	Aggregate amount of payments to the parties included in items 1.2 and 1.7	191
	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) $62,476 - Salaries, fees and superannuation paid by the Company to its Directors;

(2) $128.433 - Salaries, fees and superannuation paid by Altera Capital Limited (and controlled entities, which includes ASX listed Sofcom Limited) to their Directors.

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$$^{\circ}$ 000	Amount used$000
3.1	Loan facilities
3.2	Credit standby arrangements	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$

Reconciliation of cash		Company		Consolidated
Reconciliation of cash at the end of the quarter (as		Current	Previous	Current	Previous
shown in the consolidated statement of cash flows)		Quarter	Quarter	Quarter	Quarter
to the related items in the accounts is as follows		$' 000	$$^{\circ}000$	$' 000	$$^{\circ}000$
4.1	Cash on hand and at bank	155	16	898	16
4.2	Deposits at call		108		108
43	Bank overdraft		٠
4,4	Other (Bank Bills)	1.095	1.394	2.239	1.394
	Total: cash at end of quarter (item 1.22)	1.250	1.518	3.137	1.518

Acquisitions and disposals of business entities

		Acquisitions	Disposals
		( Item 1.9(a) )	( item 1.10(a) )
5.1	Name of entity
5.2	Place of incorporation
	or registration
5.3	Consideration for
	acquisition or disposal		-
5.4	Total net assets
5.5	Nature of business

Compliance statement

This statement has been prepared under accounting policies which comply with accounting standards as defined in the $\overline{1}$ Corporations Law (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

Date:

30 January 2004

$\overline{2}$ This statement does give a true and fair view of the matters disclosed.

Victor Ho Company Secretary

The Company also has the following listed share investments:

THE OCHPORT GOOD HOU GIG TORONTHING HUND SHOULD HEROSHING.
	30-Jan-04
Company	No Shares	%	Closing Price	Value
Altera Capital Ltd (AEA)	20.002.860	32.3%	suspended
Queste Communications Ltd (QUE)	826,950	2.9%	$0.1900	$157,121
Sofcom Ltd (SOF)	725.900	2.0%	$0.0560	$40.650
Other Listed Company				$172.000