Statements of Cash Flows  for the year ended 30 June 2004 Consolidated Company Notes 30 June 2004 $’000 30 June 2003 $’000 30 June 2004 $’000 30 June 2003 $’000 Cash Flows from Operating Activities Cash receipts in the course of operations 24,684 63,043 24,507 62,802 (inclusive of goods and services tax) Payments to suppliers and employees (31,712) (63,256) (27,799) (63,268) (inclusive of goods and services tax) Interest received 1,343 292 1,056 292 Borrowing costs paid and gold lease fees (2,662) (68) (1,732) - Finance charges - fi  nance leases (162) (340) (162) (340) - hire purchase  agreement (133) (225) (133) (225) Net cash  fl  ows provided by /  (used in) operating activities  30 (8,642) (554) (4,263) (739) Cash Flows from Investing Activities Payments in respect of exploration,  evaluation and development (5,043) (13,050) (3,327) (9,984) Payments for property, plant and equipment (42) (205) (38) (205) Cash received from tenements sold 1,020 - 1,000 - Cash received from investments sold 4,984 - 4,984 - Payments for investment in listed securities (500) (365) - (365) Net funds from controlled entities - - 490 (10,254) Proceeds from sale of property,  plant and equipment 3,584 982 3,483 982 Net cash  fl  ows provided by /  (used in) investing activities 4,003 (12,638) 6,592 (19,826) Cash Flows from Financing Activities Principal repayments under secured loans (5,000) - (5,000) - Repayment of convertible loan - (7,372) - - Movement in restricted cash 465 (1,736) 808 (1,736) Proceeds from borrowings 4,500 8,493 3,500 8,493 Proceeds from issue of shares and  other equity securities 20,017 7,635 860 7,635 Principal repayments - fi  nance leases (2,315) (1,204) (2,315) (1,204)  - hire purchase  agreements (776) (1,059) (776) (1,059) Net cash  fl  ows provided by /  (used in)  fi  nancing activities  16,891 4,757 (2,923) 12,129 Net increase / (decrease) in cash 12,252 (8,435) (594) (8,436) Cash at the beginning of the  fi  nancial year 597 9,032 595 9,031 Cash at the end of the  fi  nancial year 6 12,849 597 1 595 Non-cash  fi  nancing and investing activities 30 Financing facilities 31 The above Statements of Cash Flows should be read in conjunction with the accompanying notes. 29