THORNEY TECHNOLOGIES LTD — Interim / Quarterly Report 2009

Jul 30, 2009

Appendix 4C 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	30 June 2009

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) staff costs (b) advertising and marketing (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’000 133 (98) - - (69) - - (14) -	Year to date 12 months $A’000 2,767 (1,340) - (11) (3,848) - 13 (93) -
	(48)	(2,512)

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

	Current month $A’000	Year to date 12 months $A’000
1.7 Net operating cash flows (brought forward)	(48)	(2,512)
Cash flows related to investing activities 1.8 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) group expansion (d) intellectual property (e) physical non-current assets 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 Net cash outflow on disposal of subsidiary Net investing cash flows 1.12 Total operating and investing cash flows	- - - - (28) - - - - - - -	- - - - (68) - - - - - - (292)
	(28)	(360)
	(76)	(2,872)
Cash flows related to financing activities 1.13 Net proceeds from issues of shares, options, etc. 1.14 Proceeds from sale of forfeited shares 1.15 Proceeds from borrowings – External Shareholder loans (U.S) 1.16 Repayment of borrowings – External Shareholder Loans (U.S) 1.17 Dividends paid 1.18 Loans received Net financing cash flows	- - - - - 100	427 - - 600
	100	1,027
Net increase (decrease) in cash held 1.16 Cash at beginning of month/year 1.17 Exchange rate adjustments 1.18 Cash at end of month/year	24 (629) -	(1,845) 1,310 (70)
	(605)	(605)

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Appendix 4C 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	-

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

Details of outlays made by other entities to establish or increase their share in businesses in which 2.2 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 Bank Overdraft Facility	750	605
3.2 Inventory and Receivables financing facility	950	-
3.3 Bank guarantees provided to third parties	335	-
Total financing facilities available at end of month	2,035	605

Note:

On the 8 May 2009, the company received the proceeds of the placement as announced on that date of $427,848.

On the 20 July 2009, the company successfully completed the Renouceable Rights Issue. The issue was fully subscribed and 225,344,874 shares at $0.01 were issued, raising a total of $2.25m for working capital requirements.

The company entered into a contract to dispose of its land at Picton, Western Australia for a total cash consideration of $3m excl GST. The final contract was constructed so that the company will retain control of the land occupied by the existing plant, which meant a pro-rata payment of the land. The change in the arrangement meant that the purchasers’ financiers required a revised valuation of the land, which resulted in a delayed settlement. This valuation has now been completed and the company has moved closer to achieving settlement of the sale of land.

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

Reconciliation of cash

Reconciliation of cash at the end of the month (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	-	-
4.2 Deposits at call	-	-
4.3 Bank overdraft	(605)	(629)
4.4 Other Bank Facilities	-	-
Total: cash at end of month/year	(605)	(629)

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 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.

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Sign here Date: 31 July 2009 Managing Director Print name: Tom Engelsman

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

Notes

1. The monthly 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

5. • 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

6. 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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Appendix 4C Monthly Report 30 June 2009