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2009 Annual Report

STATEMENT OF FINANCIAL POSITION
as at 30 June 2009

2009 Budget $			Note	2009 Actual $	2008 Actual $
		CURRENT ASSETS
8		Cash and cash equivalents	7	332	48
700		Term deposits	7	1,400	1,632
44		Cash and cash equivalents - litigation fund	7	297	178
2,400		Term deposits - litigation fund	7	—	650
60		GST receivable		63	51
370		Trade and other receivables	10	646	2,223
3,582		Total current assets		2,738	4,782
		Non-current assets
1,170		Property, plant and equipment	11	1,110	1,356
29		Computer software	12	14	25
1,199		Total non-current assets		1,124	1,381
4,781		Total assets		3,862	6,163
		CURRENT LIABILITIES
398		Trade and other payables	13	599	514
13		Rent holiday liability	14	13	13
411		Total current liabilities		612	554
		NON-CURRENT LIABILITIES
34		Rent holiday liability	14	34	47
445		Total liabilities		646	601
		EQUITY
1,675		Accumulated funds		2,435	2,696
2,661		Litigation fund	5	781	2,866
4,336		Total equity	6	3,216	5,562
4,781		Total equity and liabilities		3,862	6,163

The accompanying Notes form part of these Financial Statements.

STATEMENT OF CASH FLOWS
for the year ended 30 June 2009

2009 Budget $000's			Note	2009 Actual $000's	2008 Actual $000's
		CASH FLOWS FROM OPERATING ACTIVITIES
		Cash was provided from:
7,301		- Government grant		7,302	6,500
2,257		- litigation fund income		2,188	149
262		- Exemptions and authorisations fees		264	212
—		- Miscellaneous		22	7
224		- Interest		216	224
633		- Administrative services to the   Takeovers Panel		500	1,020
		Cash was applied to:
(3,891)		- Suppliers		(3,579)	(3,015)
(5,851)		- Employees		(5,230)	(5,018)
(15)		- Net GST		(12)	8
920		Net cash flows from operating activities	15	1,671	87
		CASH FLOWS FROM INVESTING ACTIVITIES
		Cash was provided from:
932		- Decrease in term deposits		1,632	568
—		Decrease in term deposits (litigation)		2,557	—
		Cash was applied to:
(250)		- Purchase of property, plant   and equipment		(81)	(366)
—		- Purchase of computer software		(3)	(16)
—		- Increase in term deposit		(1,400)	(250)
(1,750)		- Increase in term deposit (litigation)		(1,907)	(75)
(1,068)		Net cash flows from investing activities		798	(139)
		CASH FLOWS FROM FINANCING ACTIVITIES
		Cash was provided from:
—		- Capital repayment		(2,066)	—
—		Net cash flows from financing activities		(2,066)	—
(148)		Net increase (decrease) in cash balances		403	(52)
200		Add opening cash and cash equivalents balance		226	278
52		Closing cash and cash equivalents balance carried forward		629	226
		COMPRISING
8		Cash and cash equivalents		332	48
44		Cash and cash equivalents - litigation fund		297	178
52				629	226

The accompanying Notes form part of these Financial Statements.