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## NOTE 27 - NOTES TO THE STATEMENT OF CASH FLOWS 

(a) Reconciliation of cash 

Cash at the end of the year as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows: 

<img src='content_image/88926.jpg'>

<img src='content_image/88925.jpg'>

At 30 June 2004, the consolidated entity had $19.274m in cash and bullion, of which $3.4m is subject to certain restrictions pursuant to the group’s performance bond credit facility agreements. 

The restrictions involve Resolute maintaining a retention account requiring a minimum balance. The statement has been prepared on the basis that the cash which is subject to certain restrictions is still cash or a cash equivalent as defined in AASB 1026. 

(b) Reconciliation of net profit/(loss) from ordinary activities after income tax to the net cash flows from operating activities 

<img src='content_image/88927.jpg'>

