Equity at start of year

331,270

Accumulated funds

331,270

429,092

739,285

Litigation fund

739,285

699,208

Surplus (deficit) for year

(125,981)

(Total recognised revenues and expenses)

(26,306)

(97,822)

(40,000)

Increase (decrease) in litigation fund

13,992

40,077

$984,574

Equity at end of year

$1,058,241

$1,070,555

Comprising:

205,289

Accumulated funds

304,964

331,270

779,285

Litigation fund

4

753,277

739,285

$984,574

Equity at end of year

$1,058,241

$1,070,555

Cash flows from operating activities

Cash was provided from:

904,889

Government grant

904,889

897,222

475,400

Application fees and costs recoverable

469,851

477,683

-

Bad debts recovered

33,438

-

53,400

Interest

46,360

54,447

Cash was applied to:

(1,470,651)

Suppliers

(1,371,653)

(1,414,738)

(36,962)

Net cash flows from operating activities

7

82,885

14,614

Cash flows from investing activities

Cash was provided from:

40,000

Net decrease in bank deposits

-

4,769

Cash was applied to:

-

Net increase in bank deposits

(82,132)

-

-

Prepayment for use of assets

-

(34,106)

40,000

Net cash flows from investing activities

(82,132)

(29,337)

3,038

Net increase (decrease) in cash balance

753

(14,723)

6,206

Add opening cash balance

6,206

20,929

$9,244

Closing cash balance carried forward

$6,959

$6,206