Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30 9 2000 Appendix 5B Page 1
Rule 5.3
Appendix 5B
Mining exploration entity Quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97.
Name of entity
CITYVIEW CORPORATION LIMITED
ACN
Quarter ended (“current quarter”)
009 235 634
31 December 2007
Consolidated statement of cash flows
Cash flows related to operating activities
Current quarter
$A’000
Year to date
(12 Months)
$A’000
1.1
Receipts from product sales and related debtors
1.2
Payments for (a) exploration and evaluation
(b) development
(c) production
(d) administration
-
-
-
(613)
-
-
-
(1,666)
1.3
Dividends received
-
-
1.4
Interest and other items of a similar nature received
86
205
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
(527)
(1,461)
Cash flows related to investing activities
1.8
Payment for purchases of: (a) prospects
(b) equity investments
(c) other fixed assets
-
(5,383)
-
-
(9,114)
-
1.9
Proceeds from sale of: (a) prospects
(b) equity investments
(c) other fixed assets
-
-
-
-
-
-
1.10
Loans to other entities
-
(285)
1.11
Loans repaid by other entities
285
285
1.12
Other (provide details if material)
-
-
Net investing cash flows
(5,098)
(9,114)
1.13
Total operating and investing cash flows (carried forward)
(5,625)
(10,575)
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30 9 2000 Appendix 5B Page 2
1.13
Total operating and investing cash flows (brought forward)
(5,625)
(10,575)
Cash flows related to financing activities
1.14
Proceeds from issues of shares, options, etc.
13,682
21,732
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 material)
(3)
6
Net financing cash flows
13,679
21,738
Net increase (decrease) in cash held
8,054
11,163
1.20
Cash at beginning of quarter/year to date
4,016
907
1.21
Exchange rate adjustments to item 1.20
-
-
1.22
Cash at end of quarter
12,070
12,070
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 in item 1.2
147
1.24
Aggregate amount of loans to the parties included in item 1.10
-
1.25
Explanation necessary for an understanding of the transactions
1.23 Payment of Directors fees, reimbursement of Directors expenses in relation to the company.
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
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
N/A
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30 9 2000 Appendix 5B Page 3
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available
$A’000
Amount used
$A’000
3.1
Loan facilities
-
-
3.2
Credit standby arrangements
-
-
Estimated cash outflows for next quarter
$A’000
4.1
Exploration and evaluation
2,000
4.2
Development
5,000
Total
7,000
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
5.1
Cash on hand and at bank
298
2,553
5.2
Deposits at call
11,772
1,463
5.3
Bank overdraft
-
-
5.4
Other (provide details)
-
-
Total: cash at end of quarter (item 1.22)
12,070
4,016
Changes in interests in mining tenements
Tenement reference
Nature of interest
(note (2))
Interest at beginning of quarter
Interest at end of quarter
6.1
Interests in mining tenements relinquished, reduced or lapsed
-
-
-
-
6.2
Interests in mining tenements acquired or increased
-
-
-
-
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30 9 2000 Appendix 5B Page 4
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Number issued
Number quoted
Issue price per security (see note 3) (cents)
Amount paid up per security (see note 3) (cents)
7.1
Preference +securities (description)
7.2
Issued during quarter
7.3
+Ordinary securities
333,692,632
333,692,632
7.4
Issued during quarter
a) Increases through issues
b) Decreases through returns of capital, buy-backs
49,511,784
7.5
+Convertible debt securities (description and conversion factor)
7.6
Issued during quarter
7.7
Options (description and conversion factor)
92,641,546
92,641,546
Exercise price
15c
Expiry date
30/11/2009
7.8
Issued during quarter
75,056,170
15c
30/11/2009
7.9
Exercised during quarter
12,624
15c
30/11/2009
7.10
Expired during quarter
7.11
Debentures
(totals only)
7.12
Unsecured notes (totals only)
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30 9 2000 Appendix 5B Page 5
Compliance statement
1 This statement has been prepared under accounting policies, which comply with accounting standards as defined in the Corporations Act 2001 or other standards acceptable to ASX (see note 4).
2 This statement does give a true and fair view of the matters disclosed.
Signed By: Date: 11 January 2008
Company Secretary
Print name: Paul Williams
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 provision of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.
5. Accounting Standards ASX 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.
== == == == ==
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30 9 2000 Appendix 5B Page 6
CITYVIEW CORPORATION LIMITED
(ACN 009 235 634)
Consolidated Statement of Cash Flows
For the 12 Months Period Ended December 2007
12 Months
Year
Ended
Ended
31-Dec-07
31 Dec-06
$
$
CASH FLOWS FROM OPERATING ACTIVITIES
Interest received
205,139
49,185
Payment to suppliers and employees
(1,665,904)
(1,005,883)
Net cash (outflow) from operating activities
(1,460,765)
(956,698)
CASH FLOWS FROM INVESTING ACTIVITIES
Loans to others
(285,000)
-
Purchase of investments
(9,113,804)
(1,114,308)
Net cash (outflow) from investing activities
(9,398,804)
(1,114,308)
CASH FLOWS FROM FINANCING
ACTIVITIES
Payment of loans
285,000
(210,500)
Proceeds from the issue of shares
21,732,451
3,227,265
Share issue costs
-
(205,323)
Unmarketable parcels – Balance of sale proceeds
6,158
-
Net cash inflow from financing activities
22,023,609
2,811,442
Net (decrease) /increase in cash held
11,164,040
740,436
Cash at the beginning of the year
906,440
166,004
Cash at the end of the period
12,070,480
906,440
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