Quarterly financial report
July 27 2005 - 3:00AM
UK Regulatory
RNS Number:3420P
Gippsland Limited
27 July 2005
Gippsland Limited
Quarterly Financial Report
Mining exploration entity quarterly report
Name of entity
--------------------------------------------------------------------------------
GIPPSLAND LIMTED
--------------------------------------------------------------------------------
ABN Quarter ended ("current quarter")
--------------------------------------------------------------------------------
31 004 766 376 30 June 2005
--------------------------------------------------------------------------------
Consolidated statement of cash flows
-------------------------------------
Cash flows related to operating Year to date
activities Current quarter (12 months)
$A'000 $A'000
-------------------------------------
1.1 Receipts from product sales
and related debtors - -
1.2 Payments for
(a) exploration and evaluation (219) (1,162)
(b) development - -
(c) production - -
(d) administration (200) (854)
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 6 23
1.5 Interest and other costs of
finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -
-------------------------------------
Net Operating Cash Flows (413) (1,993)
---------------------------------------------------------------------------
Cash flows related to
investing activities
1.8 Payment for purchases of:
(a)prospects - -
(b)equity investments - -
(c) other fixed assets - (2)
1.9 Proceeds from sale of:
(a)prospects - -
(b)equity investments - -
(c)other fixed assets - -
1.10 Loans to other - -
entities - Egyptian Mining
Company for Mineral Resources
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
-------------------------------------
Net investing cash flows - (2)
-------------------------------------
1.13 Total operating and investing
cash flows carried forward) (413) (1,995)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
1.13 Total operating and investing cash flows
(brought forward) (413) (1,995)
---------------------------------------------------------------------------
Cash flows related to financing
activities
1.14 Proceeds from issues of shares 192 1,684
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Payments relating to capital raisings - (58)
-------------------------------------
Net financing cash flows 192 1,626
---------------------------------------------------------------------------
Net increase (decrease) in cash held (221) (369)
1.20 Cash at beginning of quarter/year to date 835 1,050
1.21 Exchange rate adjustments to item 1.20 (25) (92)
-------------------------------------
1.22 Cash at end of quarter 589 589
---------------------------------------------------------------------------
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities
------------------
Current
quarter
$A'000
------------------
1.23 Aggregate amount of payments to the parties
included in item 1.2 59
------------------
1.24 Aggregate amount of loans to the parties included
in item 1.10 -
---------------------------------------------------------------------------
1.25 Explanation necessary for an understanding of the transactions
---------------------------------------------------------------------------
Payments to Directors and director related entities
---------------------------------------------------------------------------
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a
material effect on consolidated assets and liabilities but did not
involve cash flows
----------------------------------------------------------------------
None
----------------------------------------------------------------------
2.2 Details of outlays made by other entities to establish or increase
their share in projects in which the reporting entity has an interest
----------------------------------------------------------------------
None
----------------------------------------------------------------------
Financing facilities available
Add notes as necessary for an understanding of the position.
------------------------------------------
Amount available Amount used
$A'000 $A'000
------------------------------------------
3.1 Loan facilities - -
------------------------------------------
3.2 Credit standby arrangements - -
------------------------------------------
Estimated cash outflows for next quarter
------------------------------------------
$A'000
------------------------------------------
4.1 Exploration and evaluation 200
------------------------------------------
4.2 Development -
----------------------------------------------------------------------
Total 200
----------------------------------------------------------------------
Reconciliation of cash
------------------------------------------
Reconciliation of cash at the end of the quarter (as Current Previous
shown in the consolidated statement of cash flows) to quarter quarter
the related items in the accounts is as follows.
$A'000 $A'000
------------------------------------------
5.1 Cash on hand and at bank 136 96
------------------------------------------
5.2 Deposits at call 453 739
------------------------------------------
5.3 Bank overdraft - -
------------------------------------------
5.4 Other (provide details) - -
----------------------------------------------------------------------
Total: cash at end of quarter (item 1.22) 589 835
----------------------------------------------------------------------
Changes in interests in mining tenements
------------------------------------------------
Nature of Interest at Interest at
Tenement interest beginning end of
reference (note (2)) of quarter quarter
------------------------------------------------
6.1 Interests in mining
tenements relinquished,
reduced or lapsed - - - -
------------------------------------------------
6.2 Interests in mining
tenements acquired or
increased - - - -
------------------------------------------------
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights
together with prices and dates.
----------------------------------------------------------
Amount paid
Issue price per up per
Total Number security (see security (see
number quoted note 3)(cents) note 3)(cents)
----------------------------------------------------------
7.1 Preference
+securities
(description) - - - -
----------------------------------------------------------
7.2 Changes during
quarter
(a) Increases
through issues - - -
(b) Decreases
through returns
of capital,
buy-backs,
redemptions
----------------------------------------------------------
7.3 Ordinary 162,818,926 162,818,926 - -
securities ----------------------------------------------------------
7.4 Changes during
quarter
(a) Increases 2,790,567 2,790,567 7c (UK 2.8 Fully paid
through pence) - option
issues conversion
(b) Decreases - -
through returns
of capital,
buy-backs
----------------------------------------------------------
7.5 +Convertible
debt securities
(description) - - - -
----------------------------------------------------------
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through
securities
matured,
converted - - - -
----------------------------------------------------------
7.7 Options Exercise price Expiry date
GIPO 43,771,393 43,771,393 9 cents 31/12/07
10,000,000 - 4 UK pence 31/12/07
----------------------------------------------------------
7.8 Issued during - - - -
quarter
----------------------------------------------------------
7.9 Exercised
during quarter
- GIPAI 2,790,567 - 2.8 UK pence 8/03/07
----------------------------------------------------------
7.10 Expired /
Cancelled
during quarter - -
----------------------------------------------------------
7.11 Debentures
(totals only) - -
----------------------------------------------------------
7.12 Unsecured notes - -
(totals only)
----------------------------------------------------------
Compliance statement
1 This statement has been prepared under accounting policies which comply
with accounting standards as defined in the Corporations Act or other
standards acceptable to ASX (see note 4).
2 This statement does give a true and fair view of the matters disclosed.
RS Middlemas
Company Secretary
26 July 2005
Notes
1 The quarterly report provides a basis for informing the market how the
entity's activities have been financed for the past quarter and the effect
on its cash position. An entity wanting to disclose additional information
is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of
interests in mining tenements acquired, exercised or lapsed during the
reporting period. If the entity is involved in a joint venture agreement
and there are conditions precedent which will change its percentage
interest in a mining tenement, it should disclose the change of percentage
interest and conditions precedent in the list required for items 6.1 and
6.2.
3 Issued and quoted securities The issue price and amount paid up is not
required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International
Accounting Standards for foreign entities. If the standards used do not
address a topic, the Australian standard on that topic (if any) must be
complied with.
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEUFWMSISEFW
Gippsland (LSE:GIP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gippsland (LSE:GIP)
Historical Stock Chart
From Jul 2023 to Jul 2024
