Berkeley Eng Regulatory News (BKY)

31 Jan 2008 10:20

Berkeley Resources Limited31 January 2008 Rule 5.3 Appendix 5B Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001. Name of entity BERKELEY RESOURCES LIMITED ABN Quarter ended ("current quarter")40 052 468 569 31 December 2007 Consolidated statement of cash flows Current quarter Year to dateCash flows related to operating activities $A'000 (6 months) $A'0001.1 Receipts from product sales and related - - debtors 1.2 Payments for (a) exploration and (2,781) (4,663) evaluation - - (b) development - - (c) (450) (830) production (d) administration1.3 Dividends received - -1.4 Interest and other items of a similar nature received 356 7431.5 Interest and other costs of finance - - paid1.6 Income taxes paid - -1.7 Other - Business development (47) (83) Net Operating Cash Flows (2,922) (4,833) Cash flows related to investing activities1.8 Payment for purchases of: (a)prospects - - (b)equity - - investments (48) (156) (c)other fixed assets1.9 Proceeds from sale of: (a)prospects - - (b)equity - - investments - - (c)other fixed assets1.10 Loans to other entities - -1.11 Loans repaid by other entities - -1.12 Other - - Net investing cash flows (48) (156)1.13 Total operating and investing cash flows (carried forward) (2,970) (4,989) 1.13 Total operating and investing cash flows (brought forward) (2,970) (4,989) Cash flows related to financing activities 1.14 Proceeds from issues of shares, - 450 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 - capital raising expenses (3) (34) Net financing cash flows (3) 416 Net increase (decrease) in cash held (2,973) (4,573) 1.20 Cash at beginning of quarter/year to 23,936 25,536 date1.21 Exchange rate adjustments to item 1.20 - -1.22 Cash at end of quarter 20,963 20,963 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the relatedentities Current quarter $A'000 1.23 Aggregate amount of payments to the parties included in item 137 1.2 1.24 Aggregate amount of loans to the parties included in item - 1.10 1.25 Explanation necessary for an understanding of the transactions Payments include executive remuneration, superannuation, directors' fees and consulting fees. 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 Not applicable 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 Not applicable Financing facilities available Add notes as necessary for an understanding of the position. Amount available Amount used $A'000 $A'0003.1 Loan facilities - - 3.2 Credit standby arrangements - - Estimated cash outflows for next quarter $A'000 4.1 Exploration and evaluation 1,900 4.2 Development - Total 1,900 Reconciliation of cash Reconciliation of cash at the end of the quarter (as shown Current quarter Previous quarterin the consolidated statement of cash flows) to therelated items in the accounts is as follows. $A'000 $A'000 5.1 Cash on hand and at bank 2,759 1,4635.2 Deposits at call 18,204 22,4735.3 Bank overdraft - -5.4 Other (provide details) - - Total: cash at end of quarter (item 1.22) 20,963 23,936 Changes in interests in mining tenements Tenement reference Nature of interest Interest at Interest at end of beginning of quarter (note (2)) quarter6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rightstogether with prices and dates. Total number Number quoted Issue price per Amount paid up per security (see note security (see note 3) 3) (cents) (cents)7.1 Preference +securities (description)7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions7.3 +Ordinary securities 103,591,695 103,591,695 Not Applicable Not Applicable7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs7.5 +Convertible debt securities7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted7.7 Options Exercise price Expiry date -Unlisted Options 10,600,000 - $0.70 30 April 2010 -Incentive Options 2,250,000 - $1.00 30 November 2008 -Employee Options 2,970,000 - $1.86 5 August 20117.8 Issued during quarter7.9 Exercised during quarter -Director Options 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 whichcomply with accounting standards as defined in the Corporations Act or otherstandards acceptable to ASX (see note 4). 2 This statement does give a true and fair view of the matters disclosed. Sign here: ............................................................ Date: 31 January 2007 Company secretary) Print name: CLINT MCGHIE Notes 1 The quarterly report provides a basis for informing the market howthe entity's activities have been financed for the past quarter and the effecton its cash position. An entity wanting to disclose additional information isencouraged 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 inrespect of interests in mining tenements acquired, exercised or lapsed duringthe reporting period. If the entity is involved in a joint venture agreementand there are conditions precedent which will change its percentage interest ina mining tenement, it should disclose the change of percentage interest andconditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities - The issue price and amount paid up isnot required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting forExtractive Industries and AASB 1026: Statement of Cash Flows apply to thisreport. 5 Accounting Standards - ASX will accept, for example, the use ofInternational Accounting Standards for foreign entities. If the standards useddo not address a topic, the Australian standard on that topic (if any) must becomplied with. == == == == == This information is provided by RNS The company news service from the London Stock Exchange