METAL STORM LTD /ADR/ - 6-K - 20040511 - CASH_FLOW
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CONSOLIDATED
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COMPANY
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NOTE
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2002
$
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2003
$
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2002
$
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2003
$
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Cash Flows From Operating Activities
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Receipts from customers
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—
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502,812
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—
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—
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Research programs funding received
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338,717
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348,570
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337,157
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10,056
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Payments to suppliers and employees
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(5,499,472
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)
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(7,156,790
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(3,911,786
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(4,682,151
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)
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Interest and bill discounts received
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187,255
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339,832
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182,958
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336,502
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Interest and other costs of finance paid
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(6,170
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(19,370
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(4,095
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(1,645
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Income tax refund - R & D
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—
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421,366
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—
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421,366
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Other - GST received
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—
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170,638
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—
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170,638
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Net cash flows from/(used in) operating activities
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31
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(b)
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(4,979,670
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(5,392,942
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(3,395,766
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(3,745,234
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Cash Flows From Investing Activities
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Payment for property, plant and equipment
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(27,771
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(101,417
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(17,932
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(96,124
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Purchase of controlled Entity
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—
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61,001
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—
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—
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Payment for intangible assets
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(1,815,868
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(872,501
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(1,815,868
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)
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(872,501
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Research and development costs paid
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(544,114
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(633,715
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(544,114
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(633,714
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Net cash lows from/(used in) investing activities
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(2,387,753
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(1,546,632
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(2,377,914
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(1,602,339
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)
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Cash Flows From Financing Activities
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Proceeds from issues of equity securities
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9,420,855
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7,078,784
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9,420,855
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7,078,784
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Share issue costs
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—
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(34,816
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)
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—
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(34,816
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Proceeds from exercise of options
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—
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1,504
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—
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1,504
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Repayment of borrowings
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—
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(56,952
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—
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—
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Advances for loan to subsidiary
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—
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—
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(2,070,127
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)
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(1,486,001
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Net cash lows from/(used in) financing activities
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9,420,855
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6,988,520
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7,350,728
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5,559,471
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Net Increase (Decrease) In Cash Held
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2,053,432
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48,946
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1,577,048
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211,898
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Add opening cash brought forward
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6,118,822
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8,038,283
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5,977,041
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7,440,630
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Effects of exchange rate changes on cash
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(133,971
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)
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—
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(113,459
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—
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Closing cash carried forward
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31
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(a)
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8,038,283
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8,087,229
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7,440,630
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7,652,528
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