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Virotec Intl Ld (VTI)

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Tuesday 31 July, 2001

Virotec Intl Ld

Quarterly Cash Flow Report

Virotec International Ld
31 July 2001
                                                                     Rule 4.7B

                                Appendix 4C

                              Quarterly report 
                           for entities admitted 
                        on the basis of commitments

                                                                     

Introduced 31/3/2000.

Name of entity           VIROTEC INTERNATIONAL LTD

ACN or ARBN                                  Quarter ended ('current quarter')
004 801 398                                             30 JUNE 2001


Consolidated statement of cash flows

                                         Current quarter       Year to date
                                                               (12 months)
Cash flows related to operating activities    $A'000              $A'000

1.1 Receipts from customers                     174                655

1.2 Payments for:

   (a) staff costs                             (199)              (841)
   (b) advertising and marketing                (81)              (219)
   (c) research and development                (209)              (594)
   (d) leased assets                              -                 -
   (e) other working capital/administration    (566)             (2053)
   
1.3 Dividends received                                             -
1.4 Interest and other items of a similar 
    nature received                              15                173
1.5 Interest and other costs of finance paid      -                 -
1.6 Income taxes paid                             -                 -
1.7 Other (mining lease maintenance)            (90)              (297)

Net operating cash flows                       (956)             (3176)


                                                              Appendix 4C Page 1


                                    Current quarter    Year to date (12 months)
                                     $A'000                     $A'000

1.8 Net operating cash flows 
   (carried forward)                   (956)                      (3176)

Cash flows related to investing 
activities
1.9 Payment for acquisition of: 
     (a) businesses (item 5)              -                         -
     (b) equity investments               -                         -
     (c) intellectual property            -                       (1205)
     (d) physical non-current assets      -                        (860)
     (e) other non-current assets         -                         -
1.10 Proceeds from disposal of: 
     (a) businesses (item 5)              -                         -
     (b) equity investments               -                         -
     (c) intellectual property            -                         -
     (d) physical non-current assets      -                         -
     (e) other non-current assets         -                         -

1.11 Loans to other entities              -                         (20)
1.12 Loans repaid by other entities       -                         -
1.13 Other (security deposits)           13                        (484)

Net investing cash flows                 13                       (5745)

1.14 Total operating and investing 
 cash flows                            (943)                      (5745)
     
   
Cash flows related to financing 
activities
1.15 Proceeds from issues of shares, 
     options, etc.                        -                        2909
1.16 Proceeds from sale of forfeited 
     shares                               -                           -
1.17 Proceeds from borrowings             -                           -
1.18 Repayment of borrowings              -                           -
1.19 Dividends paid                       -                           -
1.20 Other (provide details if material)  -                           -

Net financing cash flows                  -                         2909

Net increase (decrease) in cash held     (943)                     (2836)

1.21 Cash at beginning of quarter/year 
     to date                             1521                       3414
1.22 Exchange rate adjustments to item 
     1.20                                   -                          -

1.23 Cash at end of quarter               578                        578


                                                             Appendix 4C Page 2


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

1.24 Aggregate amount of payments to the parties 
     included in item 1.2                                         173

1.25 Aggregate amount of loans to the parties 
     included in item 1.11                                        nil

1.26 Explanation necessary for an understanding of the transactions

Directors: Consultancy fees $137,000 
Directors: Directors fees $36,000

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


    nil

2.2 Details of outlays made by other entities to establish or increase their    
    share in businesses in which the reporting entity has an interest           
    
    nil


Financing facilities available

Add notes as necessary for an understanding of the position. 
(See AASB 1026 paragraph 12.2).
                                               Amount available  Amount used 
                                               $A'000            $A'000

3.1    Loan facilities                                -               -

3.2    Credit standby arrangements                    -               -


                                                             Appendix 4C Page 3


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  Previous quarter
                                             $A'000           $A'000


4.1 Cash on hand and at bank                       177             345

4.2 Deposits at call                               401            1176

4.3 Bank overdraft                                                   -

4.4 Other (provide details)                                          -
    
Total: cash at end of quarter (item 1.22)          578            1521


Acquisitions and disposals of business entities  
 
                                                 Acquisitions    Disposals
                                                 (Item 1.9(a))   (Item 1.10(a))

5.1 Name of entity                                   -                -

5.2 Place of incorporation or registration

5.3 Consideration for acquisition or disposal

5.4 Total net assets

5.5 Nature of business


Compliance statement

1   This statement has been prepared under accounting policies which comply with
accounting standards as defined in the Corporations Law (except to the extent
that information is not required because of note 2) or other standards
acceptable to ASX.

2   This statement does give a true and fair view of the matters disclosed.


Sign here:                                              Date: 31 July 2001
              (Company secretary)

Print name:    ANGUS CRAIG


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 definitions in, and provisions of, AASB 1026: Statement of Cash Flows
apply to this report except for the paragraphs of the Standard set out below.

-       6.2    - reconciliation of cash flows arising from operating activities 
        to operating profit or loss
-       9.2    - itemised disclosure relating to acquisitions
-       9.4    - itemised disclosure relating to disposals
-       12.1(a)- policy for classification of cash items
-       12.3   - disclosure of restrictions on use of cash
-       13.1   - comparative information

3.    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 4C Page 5