Annual Report 2007

STATEMENT OF MOVEMENTS IN EQUITY
for the year ended 30 June 2007

Budget 2007 $		Actual 2007 $	Actual 2006 $

	Equity at start of year
351,902	Accumulated funds	346,361	306,402
614,871	Litigation fund	638,797	708,871


966,773	Equity at start of year	985,158	1,015,273


(109,540)	Operating surplus (deficit)	(12,640)	39,959
77,000	Litigation fund surplus (deficit)	58,035	(70,074)


(32,540)	Total recognised revenues and expenses	45,395	(30,115)


(32,540)	Increase (reduction) in equity	45,395	(30,115)



$934,233	Equity at end of year	$1,030,553	$985,158


	Comprising
242,362	Accumulated funds	333,721	346,361
691,871	Litigation fund	696,832	638,797


$934,233	Equity at end of year	$1,030,553	$985,158

The Statement of Accounting Policies and Notes form an integral part of, and should be read in conjunction with, these financial statements.

STATEMENT OF CASH FLOWS
for the year ended 30 June 2007

Budget 2007 $		Note	Actual 2007 $	Actual 2006 $


	Cash flows from operating activities
	Cash was provided from:
1,344,000	Government grant		1,344,000	1,344,000
-	Government grant - litigation fund		84,669	-
485,000	Application fees & costs recoverable		365,970	407,888
73,000	Interest		73,254	74,619

	Cash was disbursed to:
(1,950,540)	Suppliers		(1,730,186)	(1,980,197)

	Net cash inflow (outflow) from
(48,540)	operating activities	7	137,707	(153,690)


	Cash flows from investing activities
	Cash was provided from:
-	Net decrease in bank deposits		-	103,399
	Cash was applied to
(78,000)	Net increase in bank deposits		(72,322)	-


	Net cash inflow (outflow) from
(78,000)	investing activities		(72,322)	103,399


(126,540)	Net increase (decrease) in cash balance		65,385	(50,291)
376,902	Add opening cash balance		282,216	332,507


$250,362	Closing cash balance carried forward	8	$347,601	$282,216

The Statement of Accounting Policies and Notes form an integral part of, and should be read in conjunction with, these financial statements.