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Annual Report for the year ended 30 June 2008

FINANCIAL REPORT

STATEMENT OF MOVEMENTS IN EQUITY
for the year ended 30 June 2008

Budget 2008 $		Note		Actual 2008 $		Actual 2007 $
	Equity at start of year
346,426	Operating funds			343,721		356,361
698,137	Litigation fund			696,832		638,797
1,044,563	Equity at start of year			1,040,553		995,158
(145,700)	Operating surplus (deficit)			(45,510)		(12,640)
(25,100)	Litigation fund surplus (deficit)			58,722		58,035
(170,800)	Total recognised revenues and expenses			13,212		45,395
(170,800)	Increase (reduction) in equity			13,212		45,395
$873,763	Equity at end of year			$1,053,765		$1,040,553
	Comprising
200,726	Operating funds			298,211		343,721
673,037	Litigation fund			755,554		696,832
$873,763	Equity at end of year			$1,053,765		$1,040,553

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 2008

Budget 2008 $		Note		Actual 2008 $		Actual 2007 $
	Cash flows from operating activities
	Cash was provided from:
1,344,000	- Government grant - operations			1,444,000		1,344,000
-	- Government grant - litigation fund			-		84,669
354,000	- Application fees & costs recoverable			463,192		365,970
71,400	- Interest			79,657		73,254
-	- Other Income			788		-
-	- Goods and Services Tax (net)			10,689		36,523
	Cash was disbursed to
(1,935,199)	- Suppliers			(1,859,729)		(1,766,709)
-	- Employees			(121,411)		-
(165,799)	Net cash inflow (outflow) from operating activities	7		17,186		137,707
	Cash flows from investing activities
	Cash was provided from:
210,054	- Receipts from sale of bank deposits			-		-
	Cash was applied to
-	- Acquisition of bank deposits			(29,718)		(369,031)
210,054	Net cash inflow (outflow) from investing activities			(29,718)		(369,031)
44,255	Net increase (decrease) in cash and cash equivalents			(12,532)		(231,324)
226,902	Add opening cash and cash equivalents			648,200		879,524
$271,157	Closing cash and cash equivalents	8		$635,668		$648,200

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