INTERNET SOCIETY OF AUSTRALIA
ACN 076 406 801
(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)
AS AT 30 JUNE 2002

                                             Note         2002            2001
CURRENT ASSETS                                              $               $
      
Cash                                                   61111.56        77339.20
Receivables - Sundry Debtors                           34379.71        10994.22
      
TOTAL CURRENT ASSETS                                   95491.27        88333.42
      
      
NON-CURRENT ASSETS      
      
Property, Plant & Equipment at cost                        0.00         4000.00
Accumulated Depreciation                                   0.00         1214.00
      
Written Down Value                                         0.00         2786.00
      
TOTAL NON-CURRENT ASSETS                                   0.00         2786.00
      
TOTAL ASSETS                                           95491.27        91119.42
      
      
CURRENT LIABILITIES      
      
Accounts payable                                       21366.07        28606.01
Other creditors - prepaid sponsorships                 30000.00        23000.01
Provision for employee benefits                         2192.33         4873.39
      
TOTAL CURRENT LIABILITIES                              53558.4         56479.41
      
TOTAL LIABILITIES                                      53558.4         56479.41
      
NET ASSETS                                             41932.87        34640.01
      
MEMBERS' EQUITY                               2     
Retained surplus                                       41932.87        34640.11
      
TOTAL MEMBERS' EQUITY                                  41932.87        34640.11