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

STATEMENT OF FINANCIAL PERFORMANCE (PROFIT AND LOSS)

FOR THE YEAR ENDED 30 JUNE 2002

                                                     Note       2002         2001
                                                                 $            $
      
Revenue from ordinary activities                           122270.85    210577.41

Expenses of ordinary activities 
(excluding borrowing costs)                                114978.09    218850.24
      
Borrowing costs expense                                         0.00         0.00
      
Operating surplus/(deficit) before tax                       7292.76     -8272.83
      
Income tax applicable to operating surplus            1         0.00         0.00
      
Operating profit after income tax                            7292.76     -8272.83
      
Retained surplus at the beginning of the year               34640.11     42912.94
      
Retained profits at the end of the year                     41932.87     34640.11