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WESTERN DESERT RESOURCES LIMITED ABN 48 122 301 848<br />
BALANCE SHEET as at 30 June 2008<br />
Consolidated<br />
Company<br />
2008 2007 2008 2007<br />
NOTE $ $ $ $<br />
CURRENT ASSETS<br />
Cash and cash equivalents 1,996,002 298,770 1,996,002 298,770<br />
Trade and other receivables 5 218,499 8,356 218,499 8,356<br />
Other assets 6 52,629 212,240 52,629 212,240<br />
TOTAL CURRENT ASSETS 2,267,130 519,366 2,267,130 519,366<br />
NON-CURRENT ASSETS<br />
Exploration and evaluation expenditure 7 3,343,325 122,435 129,314 -<br />
Trade and other receivables 8 - - 3,213,580 122,015<br />
Plant and equipment 9 146,517 - 146,517 -<br />
Shares in controlled entity 19 - - 430 420<br />
Equity accounted investment 10 2,714,603 - 2,714,603 -<br />
TOTAL NON-CURRENT ASSETS 6,204,445 122,435 6,204,444 122,435<br />
TOTAL ASSETS 8,471,575 641,801 8,471,574 641,801<br />
CURRENT LIABILITIES<br />
Trade and other payables 11 379,139 80,266 379,139 80,266<br />
Provisions 12 7,525 - 7,525 -<br />
TOTAL CURRENT LIABILITIES 386,664 80,266 386,664 80,266<br />
TOTAL LIABILITIES 386,664 80,266 386,664 80,266<br />
NET ASSETS 8,084,910 561,535 8,084,910 561,535<br />
EQUITY<br />
Issued capital 13 11,159,766 630,394 11,159,766 630,394<br />
Reserves 14 223,823 - 223,823 -<br />
Accumulated losses 15 (3,298,679) (68,859) (3,298,679) (68,859)<br />
TOTAL EQUITY 8,084,910 561,535 8,084,910 561,535<br />
The above balance sheet should be read in conjunction with the accompanying notes.<br />
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