MYC Quartalsbericht

operating activities                           Quarter   (3 months)
                                              AUD'000      AUD'000

1.1  Receipts from customers                        12           12
1.2  Payments for
      (a) staff costs                           (208)        (208)
      (b) advertising & marketing                   -            -
      (c) research & development                    -            -
      (d) leased assets                             -            -
      (e) other working capital                 (413)        (413)
1.3  Dividends received                              -            -
1.4  Interest and other items of
    a similar nature received                      73           73
1.5  Interest and other costs of
    finance paid                                    -            -
1.6  Income taxes paid                               -            -
1.7  Other (provide details if material)             -            -

1.8  Net Operating Cash Flows                    (526)        (526)

Cash flows related to investing activities
1.9  Payment for acquisition of:
      (a) businesses (item 5)                       -            -
      (b) equity investments                        -            -
      (c) intellectual property                     -            -
      (d) physical non-current assets            (31)         (31)
      (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                      (20)         (20)
1.12 Loans repaid by other entities                  -            -
1.13 Other (provide details if material)             -            -

    Net investing cash flows                     (51)         (51)

1.14 Total operating and
    investing cash flows                        (577)        (577)

Cash flows related to financing activities
1.15 Proceeds from issues of
    shares, options, etc.                           -            -
1.16 Proceeds from sale of
    forfeited shares                                -            -
1.17 Proceeds from borrowings                        -            -
1.18 Repayment of borrowings                         -            -
1.19 Dividends paid                                  -            -
1.20 Other (provide details if material)             -            -

    Net financing cash flows                        -            -

    Net increase (decrease) in cash held        (577)        (577)

1.21 Cash at beginning of quarter/
    year to date                                4,430        4,430

1.22 Exchange rate adjustments to item 1.20          -            -

1.23 Cash at end of quarter                      3,853        3,853


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                           80

1.25 Aggregate amount of loans to the
    parties included in item 1.11                             Nil

1.26 Explanation necessary for an understanding
    of the transactions

-

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

-

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

-


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                                 -            -
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                      145           96
4.2  Deposits at call                            3,673        4,299
4.3  Bank overdraft                                  -            -
4.4  Other (bonds)                                  35           35

    Total: cash at end of quarter (item 1.22)   3,853        4,430




ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES

                                Acquisitions        Disposals
                                (item 1.9(a))      (Item 1.10(a))

5.1 Name of entity               -                 -

5.2 Place of incorporation
   or registration              -                 -

5.3 Consideration for
   acquisition or disposal      -                 -

5.4 Total net assets             -                 -

5.5 Nature of business           -                 -



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.

J Asquith
COMPANY SECRETARY            Date: 30/04/2001


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