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Virotec Intl Ld (VTI)

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Friday 19 July, 2002

Virotec Intl Ld

Appendix 4C Quarterly Report

Virotec International Ld
19 July 2002

                                                                      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 2002

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                                       157                       998

1.2    Payments for    (a)  staff costs                             (398)                    (1432)
                       (b)  advertising and marketing                (41)                     (281)
                       (c)  research and development                (572)                    (1597)                     
                       (d)  leased assets                             -                         -
                       (e)  other working capital                   (544)                    (2032)
1.3    Dividends received                                             -                         -
1.4    Interest and other items of a similar nature                  188                       399
       received
1.5    Interest and other costs of finance paid                       -                         -
1.6    Income taxes paid                                              -                         -
1.7    Other (mining lease maintenance)                              (32)                     (298)

       Net operating cash flows                                     (1242)                   (4243)



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

1.8     Net operating cash flows (carried forward)                  (1242)                   (4243)


        Cash flows related to investing activities

1.9     Payment for acquisition of:
        (a)     businesses (item 5)                                   -                        -
        (b)     equity investments                                    -                        -
        (c)     intellectual property                                 -                        -
        (d)     physical non-current assets                          (72)                    (442)
        (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                           29                       29
        (e)     other non-current assets                              -                        -
1.11    Loans to other entities                                       -                        -
1.12    Loans repaid by other entities                                -                        -
1.13    Other (provide details if material)                           -                        15

        Net investing cash flows                                     (43)                    (398)

1.14    Total operating and investing cash flows                    (1285)                   (4641)

        Cash flows related to financing activities

1.15    Proceeds from issues of shares, options, etc.                 -                      17138
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 - costs of share issue                                  -                      (1146)

        Net financing cash flows                                      -                      15992

        Net increase (decrease) in cash held                        (1285)                   11351

1.21    Cash at beginning of quarter/year to date                   13214                     578
1.22    Exchange rate adjustments to item 1.20                        -                        -
1.23    Cash at end of quarter                                      11929                    11929


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              179
1.25      Aggregate amount of loans to the parties included in item 1.11                 -
1.26      Explanation necessary for an understanding of the transactions
          Directors fees:     $41,640
          Consultancy fees:  $137,040

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                              -                         -


Reconciliation of cash


Reconciliation of cash at the end of the quarter (as      Current quarter           Previous quarter
shown in the consolidated statement of cash flows)
to the related items in the accounts is as follows.           $A'000                     $A'000
4.1   Cash on hand and at bank                                  44                        1014
4.2   Deposits at call                                         11885                     12200
4.3   Bank overdraft                                             -                         -
4.4   Other (provide details)                                    -                         -
      Total: cash at end of quarter (item 1.22)                11929                     13214


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: ...................

                     (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.


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            The company news service from the London Stock Exchange