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GIP Gippsland

2.125
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gippsland LSE:GIP London Ordinary Share AU000000GIP1 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.125 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Quarterly Financial Report

25/07/2008 7:01am

UK Regulatory


    RNS Number : 7853Z
  Gippsland Limited
  25 July 2008
   
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
 Gippsland Limited
 ABN 31 004 766 376                                
 Quarter ended (*current quarter*)     30 June 2008
Consolidated statement of cash flows
 Cash flows related to operating activities   Current quarter          Year to date
                                                       $A*000           (12.months)
                                                                             $A*000
 1.1                   Receipts from product                                       
                   sales and related debtors
 1.2                   Payments for      (a)   (5)(545) (716)        (1,697)(1,236)
                             exploration and                                (2,496)
                   evaluation               
                             (b) development
                                            
                   (c) production           
                                         (d)
                              administration
 1.3                      Dividends received                                       
 1.4                Interest and other items               15                    79
                         of a similar nature
                                    received
 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          (1,251)               (5,350)
                       Cash flows related to                                       
                        investing activities
 1.8               Payment for purchases of:              (4)                  (29)
                         (a)prospects       
                                            
                                   (b)equity
                   investments              
                                            
                              (c)other fixed
                                      assets
 1.9               Proceeds from sale of:                                          
                            (a)prospects    
                                            
                                            
                                   (b)equity
                   investments(c)other fixed
                                      assets
 1.10                Loans to other entities                                       
 1.11                  Loans repaid by other                                       
                                    entities
 1.12              Other (provide details if                -                    93
                   material)Reimbursement of
                              office fit-out
                    Net investing cash flows              (4)                    64
 1.13                    Total operating and          (1,255)               (5,286)
                        investing cash flows
                       Cash flows related to                                       
                        financing activities
  
 1.14                Proceeds from issues of            1,173                 4,203
                       shares, options, etc.
 1.15                  Proceeds from sale of                                       
                            forfeited shares
 1.16               Proceeds from borrowings                                       
 1.17                Repayment of borrowings                                       
 1.18                         Dividends paid                                       
 1.19              Other (provide details if                -                   115
                       material)Term Deposit
                          Net financing cash            1,173                 4,318
                      flows(carried forward)

 
       Net financing cash flows(brought forward)  1,173  4,318
            Net increase (decrease) in cash held   (82)  (968)
 1.20  Cash at beginning of quarter/year to date  1,767  2,611
 1.21     Exchange rate adjustments to item 1.20   (49)    (7)
 1.22                     Cash at end of quarter  1,636  1,636
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                                                         260
                                                in item 1.2
 1.24  Aggregate amount of loans to the parties included in                                                         Nil
                                                  item 1.10
 1.25                                                    Explanation necessary for an understanding of the transactions
                              Payments of consulting fees and directors fees 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
                                  Amount available  Amount used
                                            $A*000       $A*000
 3.1             Loan facilities                 -            -
 3.2  Credit standbyarrangements                 -            -
Estimated cash outflows for next quarter
                                  $A*000
 4.1  Exploration and evaluation      30
 4.2                 Development     270
                           Total     300
Reconciliation of cash
 Reconciliation of cash at the end of the quarter (as shown in the consolidated          Current quarter  Previous quarter
 statement of cash flows) to the related items in the accounts is as follows.                     $A*000            $A*000
 5.1                                                           Cash on hand and at bank            1,458             1,523
 5.2                                                                   Deposits at call              178               244
 5.3                                                                     Bank overdraft                                   
 5.4                                                            Other (provide details)                                   
                                               Total: cash at end of quarter(item 1.22)            1,636             1,767
 
    
 
Changes in interests in mining tenements
                            Tenement reference    Nature of interest           Interest at    Interest at end of
                                                          (note (2))  beginning of quarter               quarter
 6.1   Interests in mining                                       Nil                                            
                 tenements
             relinquished,
         reduced or lapsed
 6.2   Interests in mining                                       Nil                                            
        tenements acquired
              or increased
Issued and quoted securities at end of current quarter
                                     Total number  Number quoted       Issue price per    Amount paid up per
                                                                    security (see note    security (see note
                                                                            3) (cents)            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 securities           306,354,325    306,354,325                                            
 7.4         Changes during            12,655,553     12,655,553                                            
                    quarter
              (a) Increases
             through issues
              (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   25,000,0004,000,000             --    Exercise price13.5                Expiry
                                                                       cents7 UK pence  date26/05/201215/12/
                                                                                                        2011
 7.8          Issued during                                                                                 
                    quarter
 7.9       Exercised during                                                                                 
                    quarter
 7.10        Expired 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.
 
 
RJ Telford, Director                                            Date: 25 July 2008
 
 
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: SX 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 
 
MSCSEFSULSASEDW

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