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## Non-Cash Financing and Investing Activities 

The following transactions occurred which affected assets and liabilities which are not re fl  ected in the Statements of Cash Flows. 

## Year ended 30 June 2004 

During the half year the following transactions occurred which affected assets and liabilities and did not result in cash fl  ows: 

• 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. 

## Year ended 30 June 2003 

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. 

31. FINANCING FACILITIES 

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. 

32. EARNINGS PER SHARE 

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