Map AIrports announced their quater results after market today. Cany anyone assist me in understanding if it was good or bad/

Thanks in advance...davide


Commitments Test Entity - Second Quarter Report

Document date: Wed 31 Jul 2002 Published: Wed 31 Jul 2002 16:53:02
Document No: 270331 Document part: A
Market Flag: Y
Classification: Commitments Test Entity - Second Quarter Report
MACQUARIE AIRPORTS 2002-07-31 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
APPENDIX 4C
QUARTERLY REPORT FOR ENTITIES
ON BASIS OF COMMITMENTS

Name of entity
Macquarie Airports

ABN Quarter ended ("current quarter")
30/06/2002

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows related to Current Year to date
operating activities Quarter (3 months)
AUD'000 AUD'000

1.1 Receipts from customers - -
1.2 Payments for
(a) staff costs - -
(b) advertising & marketing - -
(c) research & development - -
(d) leased assets - -
(e) other working capital (426) (426)
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 2,591 2,591
1.5 Interest and other costs of
finance paid (3,515) (3,515)
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -

1.8 Net Operating Cash Flows (1,350) (1,350)

Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5) - -
(b) equity investments (1,051,536) (1,051,536)
(Refer Appendix 1 attached)
(c) intellectual property - -
(d) physical non-current assets - -
(e) other non-current assets - -
1.10 Proceeds from disposal of:
(a) businesses - -
(b) equity investments - -
(c) intellectual property - -
(d) physical non-current assets - -
(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) - -

Net investing cash flows (1,051,536) (1,051,536)

1.14 Total operating and
investing cash flows (1,052,886) (1,052,886)

Cash flows related to financing activities
1.15 Proceeds from issues of
shares, options, etc. 500,000 500,000
1.16 Proceeds from sale of
forfeited shares - -
1.17 Proceeds from borrowings 630,000 630,000
1.18 Repayment of borrowings - -
1.19 Dividends paid - -
1.20 Other - capital raising costs (26,656) (26,656)

Net financing cash flows 1,103,344 1,103,344

Net increase (decrease) in cash held 50,458 50,458

1.21 Cash at beginning of quarter/
year to date - -

1.22 Exchange rate adjustments to item 1.20 1,970 1,970

1.23 Cash at end of quarter 52,428 52,428


PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS
PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES

Current Quarter
AUD'000

1.24 Aggregate amount of payments to
the parties included in item 1.2 9

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

1.26 Explanation necessary for an understanding
of the transactions

Included in Item 1.2 is an amount of $9,024, relating to the payment
of directors fees for Macquarie Airports Holdings (Bermuda) Limited.

Amounts paid to Related Entities Not included in 1.24 or 1.25 above.

An amount of $25,990,000 was paid to Macquarie Equities Capital
Markets during the quarter as underwriting fees in relation to the
IPO. This amount has been included in Item 1.20 as capital raising
costs.

Am amount of $390,000 was paid to Macquarie Bank Limited in relation
to the establishment of a Letter of Credit Facility during the
quarter. This amount has been included in Item 1.5 as interest and
other costs of finance paid.


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

N/A

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

N/A


FINANCING FACILITIES AVAILABLE
Add notes as necessary for an understanding of the position.

Amount Amount
available used
AUD'000 AUD'000

3.1 Loan facilities 630,000 630,000
3.2 Credit standby arrangements - -



RECONCILIATION OF CASH

Reconciliation of cash at the end Current Previous
of the quarter (as shown in the quarter quarter
consolidated statement of cash flows) AUD'000 AUD'000
to the related items in the accounts
is as follows.

4.1 Cash on hand and at bank 52,428 -
4.2 Deposits at call - -
4.3 Bank overdraft - -
4.4 Other (provide details) - -

Total: cash at end of quarter (item 1.22) 52,428 -




ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES

Acquisitions Disposals
(item 1.9(a)) (Item 1.10(a))

5.1 Name of entity N/A N/A

5.2 Place of incorporation
or registration N/A N/A

5.3 Consideration for
acquisition or disposal N/A N/A

5.4 Total net assets N/A N/A

5.5 Nature of business N/A N/A



COMPLIANCE STATEMENT

1. This statement has been prepared under accounting policies which
comply with accounting standards as defined in the Corporations Law
or other standards acceptable to ASX.

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

K Mather
DIRECTOR Date: 31/07/2002



APPENDIX 1

Details of equity investments included in item 1.9(b)

Name of investee entity: Southern Cross Australian Airports Trust
Amount Invested: $815,000,000
% ownership: 72.8%
Principal activity: Investment in airport assets

Name of investee entity: Macquarie Airports Group
Amount Invested: $236,516,996
% ownership: 36.7%
Principal activity: Investment in airport assets

Name of investee entity: Macquarie Airports (Luxembourg) S.A.
Amount Invested: $18,888
% ownership: 36.8%
Principal activity: Investment in airport assets

--------------------------------------------------------------------------------

For best results when printing announcements, select landscape rather than portrait as your print option.

Retrieving the edited text of a company announcement indicates your acceptance of the conditions.


Terms of use | Privacy Statement
© Australian Stock Exchange Limited ABN 98 008 624 691


S&P/ASX indices
Share prices
Recent company announcements
Past company announcements
Dividends
Most traded stocks
Trading volumes
Historical data
Company information
Listed companies
Charting
Delisted companies
Name & code changes
ISIN codes
Recent company announcements
Past company announcements
Equities (shares)
Options
Warrants
Futures
Interest Rate Securities
Managed Investments
Investing in overseas markets
How the sharemarket works
How the options market works
ASX settlement & the role of CHESS
Choosing a stockbroker
Company Profile
ASX announcements
Speeches & presentations
ASX share price
ASX Dividends
Check your ASX shareholding
Financial results
Publications
Corporate Calendar
FAQs - Shareholder
Contact Us / ASX Share Registry
Trading volumes
Upcoming floats
Recent floats
Learn about shares
Learn about options
Learn about warrants
Learn about futures
Learn about interest rate securities
Learn about ETFs
Choosing a stockbroker
ASX Investor Day
ASX Investor Hour
ASX games
Calculators & tools
ASX Information Source Guide
ASX / Dymocks Bookshop
Tax and Stamp Duty
Company Profile
Information for companies
Information for participants
Supervision
ASX Media
National Guarantee Fund
Publications
FAQs - About ASX
FAQs - About this site
Careers at ASX
History of the market
Trading Calendar
Contact us
Shares
Options
Warrants
Futures
Interest Rate Securities
Managed Investments
Investing in overseas markets
Choosing a stockbroker