Ann: Appendix 4E and Annual Report to Shareholders, page-2

Going over the Annual report notes it says they have done a 12 month forward cashflow and have sufficient funds to meet commitments and working capital for the next 12 months.They have $6 million future receivables book and would know the timing of these monies coming in. The management changes would also see a saving of $200k. There will continue to be a demand for new housing and its a matter of chipping away at this market and getting the sales up to $6 million pa.