STATEMENT OF MOVEMENTS IN EQUITY

for the year ended 30 June 2001

2001 Budget $			Note		2001 Actual $
-		Equity at start of year			-
		Surplus/(deficit) for year
(7,000)		(Total recognised revenues and expenses)			113,463
49,000		Equity capital			49,000
$42,000		Equity at end of year			$162,463

for the year ended 30 June 2001

2001 Budget $			Note		2001 Actual $
		Cash flows from operating activities
		Cash was provided from:
570,000		- Government grant			569,778
49,000		- Government equity capital			49,000
-		- Application fees & costs recoverable			-
4,000		- Interest			9,525
		Cash was disbursed to:
(553,000)		- Suppliers			(409,134)
70,000		Net cash flows from operating activities	4		219,169
		Cash flows from investing activities
		Cash was provided from:
-		- Net decrease in bank deposits	5		-
		Cash was applied to:
-		- Net increase in bank deposits	5		(216,163)
-		Net cash flows from investing activities			(216,163)
70,000		Net increase (decrease) in cash balance			3,006
-		Add opening cash balance			-
$70,000		Closing cash balance carried forward			$3,006

The accompanying notes form part of these financial statements.