content_image/230257.jpg
## MONUMENT MINING LIMITED 

Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 

## 18. Supplemental Cash Flow Information 

<img src='content_image/230257.jpg'>

## 19. Capital Management 

The Company’s objectives when managing capital are to safeguard the Company’s ability to continue so that it can continue to provide returns for shareholders, and to have sufficient funds on hand to fund its future business acquisition and its gold production at Selinsing Gold Mine, to pursue the exploration and development of its mineral property interests, and to maintain a flexible capital structure which optimizes the costs of capital at an acceptable risk. 

The Company includes the components of shareholders’ equity and credit facilities as capital. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may issue equity, issue new debt or acquire or dispose of assets. 

In order to facilitate the management of its capital requirements, the Company prepares annual expenditure budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions. The annual and updated budgets are approved by the Company’s Board of Directors. 

There were no changes to the Company’s approach to capital management during the years ended June 30, 2010 and 2009. 

