THORNEY TECHNOLOGIES LTD — Interim / Quarterly Report 2008

Mar 27, 2008

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Monthly report for entities admitted on the basis of commitments

Name of entity
Australian Renewable Fuels	Limited
ABN 66 096 782 188	Month ended
66 096 782 188	29 February 2008

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) staff costs - (Including redundancy payments) (b) advertising and promotion (c) research and development (d) other operating costs 1.3 Dividends received 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid Net operating cash flows	Current month $A’000 198 (189) - - (138) - - (23) -	Year to date $A’000 5,248 (3,049) (6) (144) (7,528) - 74 (105) -
	(152)	(5,510)

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

	Current month $A’000	Year to date $A’000
1.7 Net operating cash flows (brought forward)	(152)	(5,510)
Cash flows related to investing activities 1.8 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) group expansion in NAFTA zone (d) intellectual property (e) physical non-current assets (including USA) 1.9 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.10 Loans to other entities 1.11 Loans repaid by other entities Net investing cash flows 1.12 Total operating and investing cash flows	- - - - (902) - - - - - - -	- - (324) - (3,108) - - - - 36 - -
	(902)	(3,396)
	(1054)	(8,906)
Cash flows related to financing activities 1.13 Net proceeds from issues of shares, options, etc.(USA) 1.14 Dividends paid 1.15 Grants received Net financing cash flows	858 - -	2,357 - -
	858	2,357
Net increase (decrease) in cash held 1.16 Cash at beginning of quarter/year 1.17 Exchange rate adjustments 1.18 Cash at end of quarter/year	(196) (1,472) -	(6,549) 4,881 -
	(1,668)	(1,668)

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

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 $A'000
1.19 Aggregate amount of payments to the parties included in item 1.2	-
1.20 Aggregate amount of loans to the parties included in item 1.11	-
1.21 Explanation necessary for an understanding of the transactions	N/A

Non-cash financing and investing activities

2.1 N/A
2.2 N/A

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 Credit standby arrangements	1,880	1,841
3.2 Bank guarantees provided to third parties	335	335
Total financing facilities available at end of **quarter **	2,215	2,176

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current month $A’000	Previous month $A’000
4.1 Cash on hand and at bank	173	304
4.2 Deposits at call	-	-
4.3 Bank overdraft	(741)	(676)
4.4 Other Bank Facilities	(1,100)	(1,100)
Total: cash at end of month/quarter	(1,668)	(1,472)

Acquisitions and disposals of business entities

	Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
5.1 Name of entity	Not applicable	Not applicable
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

• 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.

• 2

• This statement does give a true and fair view of the matters disclosed.

==> picture [137 x 52] intentionally omitted <==

Sign here Chief Financial Officer

Date: 28[th] March 2008

Print name: Max Louis Ger

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Notes

1. 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. 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.

3. 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss

4. • 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

5. 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.

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