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Mapca- announcement

  1. 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

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

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