text: During the year, the Company paid premiums in respect of Directors' and Officers' Liability and Legal Expenses insurance contracts for the year ending 
  31 December 2004 and since the end of the year the Company has paid, or agreed to pay, premiums in respect of such contracts for the year ending 
  31 December 2005. The insurance contracts insure against certain liability (subject to exclusions) persons who are or have been directors or officers 
  of the Company and controlled entities. A condition of the contracts is that the nature of the liability indemnified and the premium payable not be 
  disclosed. 
  
  **11. Rounding**
  
  Australian Securities and Investments Commission Class Order 98/100, dated 10 July 1998, applies to the Company and accordingly amounts have 
  been rounded off in accordance with that Class Order, unless otherwise indicated. 
  
  This report is made on 23 February, 2005 in accordance with a resolution of the Directors. 