2000 Annual Report - Heron Resources Limited
2000 Annual Report - Heron Resources Limited
2000 Annual Report - Heron Resources Limited
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5.0 Continued<br />
Financial Statements<br />
STATEMENT OF CASH FLOWS<br />
FOR THE YEAR ENDED 30 JUNE <strong>2000</strong><br />
Economic Entity<br />
Parent Entity<br />
Notes <strong>2000</strong> 1999 <strong>2000</strong> 1999<br />
$ $ $ $<br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Interest received 161,007 83,844 161,007 83,844<br />
Proceeds from sale of tenements 15,000 67,500 15,000 67,500<br />
Payments to suppliers (619,699) (531,218) (619,699) (531,218)<br />
NET CASH OUTFLOWS FROM<br />
OPERATING ACTIVITIES 13(a) (443,692) (379,874) (443,692) (379,874)<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Exploration expenditure (2,454,234) (2,030,861) (2,090,888) (2,030,861)<br />
Acquisition of plant & equipment (2,355) (20,940) (2,355) (20,940)<br />
NET CASH OUTFLOWS FROM<br />
INVESTING ACTIVITIES (2,456,589) (2,051,801) (2,093,243) (2,051,801)<br />
CASH FLOWS FROM FINANCING ACTIVITIES<br />
Loan to controlled entity - - (363,346) -<br />
Proceeds from issue of shares 5,669,510 1,250,000 5,669,500 1,250,000<br />
Share issue costs (130,000) - (130,000) -<br />
NET CASH INFLOWS FROM FINANCING ACTIVITIES 5,539,510 1,250,000 5,176,154 1,250,000<br />
NET INCREASE / (DECREASE) IN CASH HELD 2,639,229 (1,181,675) 2,639,219 (1,181,675)<br />
Cash at the beginning of the financial year 1,286,067 2,467,742 1,286,067 2,467,742<br />
CASH AT THE END OF THE FINANCIAL YEAR 13(c) 3,925,296 1,286,067 3,925,286 1,286,067<br />
Non-cash financing and investing activities 13(b) 176,841 30,000 176,841 30,000<br />
The accompanying notes form part of these financial statements<br />
<strong>Heron</strong> <strong>Resources</strong> NL <strong>Annual</strong> <strong>Report</strong> <strong>2000</strong><br />
page 47
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