SUREFIRE RESOURCES NL — Interim / Quarterly Report 2004

Sep 29, 2004

$Rule 4.7B$

Appendix 4C

Two month report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001

Name of entity

Genesis Biomedical Limited

ABN

48 083 274 024

August 2004

Two calendar months ended

┯

Consolidated statement of cash flows

Cash flows related to operating activities		Current 2 month periodSA'000	Year to date$(2$ months)$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	(12)	(12)
	(e) other working capital	(32)	(32)
1.3	Dividends received
1.4	Interest and other items of a similar naturereceived	5	5
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)
	Net operating cash flows	(39)	(39)

г

+ See chapter 19 for defined terms.

		Current 2 month period$A'000	Year to date$(5$ months)$A'000
1.8	Net operating cash flows (carried forward)	(39)	(39)
1.9	Cash flows related to investing activitiesPayment for acquisition of:
	(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-current assets
1.10	Proceeds 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	$\theta$	$\theta$
1.14	Total operating and investing cash flows	(39)	(39)
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	$\theta$	0
1.211.22	Net increase (decrease) in cash heldCash at beginning of quarter/year to dateExchange rate adjustments to item 1.20	(39)1,088	(39)1,088
1.23	Cash at end of quarter	1,049	1,049

* The Company also has approximately $198,000 in leased property security deposits which have not been included in the cash at the end of the quarters.

+ 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

		Current two monthperiod$A'000
1.24	Aggregate amount of payments to the parties included in item 1.2	17
1.25	Aggregate amount of loans to the parties included in item 1.11

$1.26$ Explanation necessary for an understanding of the transactions

Part payment of Directors Fees and Company Secretary Fees for the Sept quarter.

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
-3.2	Credit standby arrangements

+ See chapter 19 for defined terms.

Reconciliation of cash

Reconciliation of eash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.		Currentperiod$A'000	two	month	Previous quarter$A'000
4.1	Cash on hand and at bank		46		49
4.2	Deposits at call		1,003		1.039
4.3	Bank overdraft.
44	Other (provide details)
	Total: cash at end of August 04 (item 1.22)		1,049		1.088

Acquisitions and disposals of business entities

	Acquisitions(Item $1.9(a)$ )	Disposals(Item $1.10(a)$ )
Name of entity
Place of incorporation
Consideration foracquisition or disposal
Total net assets
Nature of business
	or registration

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

Sign here:

Date: ....30/09/04.................................

Print name: ..Shane Hartwig....................................

+ See chapter 19 for defined terms.

Notes

• $11$ 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.
• $\overline{2}$ . 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.
  • reconciliation of cash flows arising from operating activities to $6.2$ $\bullet$ operating profit or loss
  • $9.2$ - itemised disclosure relating to acquisitions
  • itemised disclosure relating to disposals 9.4
  • $12.1(a)$ policy for classification of cash items $\bullet$
  • disclosure of restrictions on use of cash $12.3$ $\bullet$
  • comparative information 13.1 $\bullet$
• $3.$ 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.