Non-Cash Financing and Investing Activities Year ended 30 June 2004 Year ended 30 June 2003 31. FINANCING FACILITIES 32. EARNINGS PER SHARE • The issue of 111,595,854 fully paid ordinary shares to RCF in satisfaction of the RCF interest and facility fees and the debt  for equity swap approved by shareholders at the Annual General Meeting on 25 November 2003. The value ascribed to  this issue is $8,249,863. • Pursuant to a resolution by shareholders at the NuStar Mining Corporation Limited (“NuStar”) Annual General Meeting  held on 12 December 2003, the Company converted $17.6 million owing by NuStar to the Company into 352,000,000  fully paid ordinary shares in NuStar. • Pursuant to a resolution by shareholders at the NuStar Annual General Meeting held on 12 December 2003, Claymore  Capital converted $0.1 million owing by NuStar to Claymore Capital by way of a convertible note into 2,000,000 fully paid  ordinary shares in NuStar. • On 5 December 2003, the Company issued 35 million fully paid ordinary shares at $0.08 per share for $2.8 million to  partly satisfy the convertible note loan. This resulted in the remaining face value owing being reduced to $4.4 million. The following transactions occurred which affected assets and liabilities which are not re fl  ected in the Statements of Cash Flows. During the half year the following transactions occurred which affected assets and liabilities and did not result in cash  fl  ows: The issue of 8,734,436 fully paid ordinary shares at various prices ranging from $0.2263 to $0.0843 to RCF in satisfaction  of the RCF Facility fee and interest. See Note 18. Other than as set out in Note 16(iii) regarding the RCF Facility, neither the Company nor the consolidated entity have access  to lines of credit that were unutilised. Consolidated 30 June 2004 cents/share 30 June 2003 cents/share Basic and diluted loss per share  4.70 8.00 $’000 $’000 Retained loss for the year used in the calculation of basic earnings per share (24,315) (32,733) Number Number Weighted average number of fully paid ordinary shares on issue during  the year used in the calculation of basic earnings per share 517,843,596 409,326,900 63