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.
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 -
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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