Anglo Pacific Group PLC
23 April 2004
23rd April 2004
ANGLO PACIFIC GROUP PLC
REPORT FOR THE QUARTER ENDED 31st MARCH 2004
1. Gordon Resources Limited - Coalmine Royalty Entitlements - Queensland
For clarification purposes it should be emphasized that the following figures
report the cash received during the three months ended 31st March 2004 which
relate to the royalties earned and accrued in the previous quarter ended 31st
December 2003.
(a) Kestrel (Rio Tinto)
The royalty received for the quarter to 31st December 2003 was A$182,009
compared to A$221,228 for the previous quarter.
(b) Crinum (Broken Hill Proprietary - BHP)
The royalty received for the quarter to 31st December 2003 was A$1,600,810
compared to A$1,738,235 for the previous quarter.
The Company issued its 2003 Preliminary Statement on 19th March 2004 (see
www.anglopacificgroup.com) which comments on the outlook for the Company's
royalties for 2004 when production is expected to be at increasing levels and
mainly from the Private Ground rather than the Crown Land. The Company continues
to be optimistic about the prospects for coal prices in 2004 and the demand for
coking coal internationally.
2. Mining Projects
The Group continues to work on expanding its coal and coal energy interests in
North America.
For the 2003 Annual Report see our website: - www.anglopacificgroup.com
Other queries please contact:-
Jeffrey D Gold F.C.A., Company Secretary 020 8458 5141
ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 31ST MARCH 2004
CURRENT QUARTER YEAR TO DATE
£m £m
CASHFLOWS RELATED TO OPERATING ACTIVITIES
Receipts from product sales and related debtors - -
Payments for:
Exploration and evaluation - -
Development - -
Production - -
Administration (0.1) (0.1)
Dividends received - -
Interest and other items of a similar nature received - -
Interest and other costs of finance paid - -
Income taxes paid (0.2) (0.2)
Other - Royalties received 0.7 0.7
NET OPERATING CASHFLOWS 0.4 0.4
CASHFLOWS RELATING TO INVESTING ACTIVITIES
Payment for equity investments (2.0) (2.0)
Payment for purchases of other fixed assets - -
Proceeds from sale of equity investments 2.2 2.2
NET INVESTING CASHFLOWS 0.2 0.2
CASHFLOWS RELATED TO FINANCING ACTIVITIES
Proceeds from issue of shares, options etc. 0.1 0.1
Proceeds from borrowings - -
Repayment of borrowings - -
Dividends paid (1.0) (1.0)
NET FINANCING CASHFLOWS (0.9) (0.9)
NET INCREASE/(DECREASE) IN CASH HELD (0.3) (0.3)
Cash at beginning of quarter/period 1.9 1.9
Exchange rate adjustments - -
CASH AT END OF QUARTER/PERIOD 1.6 1.6
ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 31ST MARCH 2004
Amount Amount Used
Available
£'000 £'000
FINANCING FACILITIES AVAILABLE
Barclays Bank PLC - overdraft facility 300 Nil
Barclays Bank PLC - Loan facility Nil Nil
ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER £'m
Exploration and evaluation Nil
Development Nil
RECONCILIATION OF CASH Current Quarter Previous Quarter
£'000 £'000
Cash on hand and at bank 14 34
Deposits on call 1,552 1,864
Bank overdraft - -
Total cash at end of quarter 1,566 1,898
ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER
Categories of Securities Number Issued Number Quoted
Ordinary Shares 88.17 million 88.17 million
Number Exercise Price Expiry Date
Options 1,000,000 18p 10/12/04
900,000 23.5p 13/10/06
This information is provided by RNS
The company news service from the London Stock Exchange
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