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McArthur River Mine Community Benefits Trust annual plan 2010/2011



McArthur River Mine Community Benefits Trust annual plan 2010/2011


McArthur River Mine reports; Reports; PublicationNT




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Environmental impact statements -- Australia -- McArthur River Region (N.T.)

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McArthur River Mine Community Benefits Trust

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McArthur River Mine

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Annual Plan 2010-2011 Page 22 of 28 7 Financial Position The Trust has a significant surplus of unallocated funds from the 2010 financial year which is available for commitments in 2011. Position as at 30 June 2010 $ Cash-at-bank as at 30 June 2010 $3,967,636.37 Less approved grants for 2009/10 noted in Board minutes as having received in-principle approval (as detailed in the table below) ($1,543,000.00) Net funds available as at 30 June 2010 $2,424,636.37 The true position however, takes into account the annual investment by MRM. Based therefore on current commitments, cash-at-bank and forward obligations, the calculated cashflow position for the next year is as follows. There are no forward grant commitments beyond 2011. Cash flow position 2010/11 Cash-at-bank (30 June) $3,452,243.86 MRM annual investment $1,350,000.00 Total income $4,802,243.86 Malandari Partnership Borroloola Bulk Discounts ($543,000.00) Roper Gulf Shire Sport and Community Centre ($1,000,000.00) The Smith Family * ($205,000.00) Total commitments ($1,758,000.00) Balance $3,044,243.86 *Future payments of the grant to The Smith Family are subject to performance reviews and subsequent submissions Note: This table does not take into consideration interest earned on the funds invested.