STATEMENT OF FINANCIAL PERFORMANCE

Budget 2002 $			Note		Actual 2002 $		Actual 2001 $
		Operating income
822,000		Government grant – baseline funding			822,222		569,778
10,000		Interest			14,423		10,187
120,000		Application fees and costs recoverable	6		551,390		-
952,000		Total operating income			1,388,035		579,965
		Income for litigation fund matters
-		Government grant – litigation fund			675,000		-
-		Interest – litigation fund			24,208		-
-		Total litigation fund income	3		699,208		-
952,000		Total income			2,087,243		579,965
		Operating expenditure
6,000		Audit fees			3,500		3,500
7,000		Communication charges			19,031		1,779
225,000		Members’ fees	4		257,338		65,657
35,000		Printing and stationery			26,551		8,506
94,000		Consultants and legal			114,575		81,371
64,000		Services and supplies			35,944		56,937
85,000		Travel and accommodation			50,902		18,880
12,000		Use of assets	5		9,849		3,001
488,000		Securities Commission services			603,716		226,871
1,016,000		Total operating expenditure			1,121,406		466,502
-		Expenditure on litigation fund matters	3		-		-
1,016,000		Total operating expenditure			1,121,406		466,502
(64,000)		Net operating surplus / (deficit) before transfer to litigation fund			965,837		113,463
-		Transfer to litigation fund			699,208		-
$(64,000)		Net surplus(deficit) transferred to accumulated funds			$266,629		$113,463

STATEMENT OF FINANCIAL POSITION

Budget 2002 $			Note		Actual 2002 $		Actual 2001 $
		Current assets
5,000		Bank			20,829		3,006
-		Petty cash			100		-
600,000		Short term deposit – litigation fund			617,906		-
154,000		Short term deposits – other			287,203		216,163
10,000		GST receivable			75,000		14,060
-		Interest receivable			791		-
-		Interest receivable – litigation fund			6,302		-
35,000		Sundry debtors and prepayments			219,802		20,515
12,000		Prepayment for use of assets	5		10,407		8,349
816,000		Total current assets			1,238,340		262,093
		Non-current assets
22,000		Prepayment for use of assets	5		16,222		21,959
$838,000		Total assets			$1,254,562		$284,052
		Current liabilities
140,000		Creditors and accruals			118,150		121,589
-		GST payable			8,112		-
140,000		Total current liabilities			126,262		121,589
		Equity
98,000		Accumulated funds			429,092		162,463
600,000		Litigation fund	3		699,208		-
698,000		Total equity			1,128,300		162,463
$838,000		Total equity and liabilities			$1,254,562		$284,052

The accompanying notes form part of these financial statements.