Corporate Directory
Letter to Shareholders
Exploration Report
Corporate Governance
Directors' Report
Income Statements
Balance Sheets
Statements of Changes in Equity
Cash Flow Statements
Notes (PDF)
Directors’ Declaration
Auditor's Independence Declaration
Independent Audit Report
Australian Securities Exchange -
  Additional Information
PDF Downloads
 
 
 
       
 
   
 
INCOME STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

  NOTES     CONSOLIDATED ENTITY   PARENT ENTITY  
    2009   2008   2009   2008  
    $   $   $   $  
Revenue from continuing operations   4     210,286   472,076    210,286   472,076  
Expenses            
Administration      586,216   500,732    370,769   252,061  
Office expenses      58,329   48,898    194   1,453  
Motor vehicle expenses      118,195   146,034   –   391  
Insurance      40,773   28,334    22,654   27,566  
External consultants and contractors      1,138,718   528,198   100,149   429,800  
Leases and equipment rental     8,705   –   –   –  
Travel and related expenses     151,607   340,442    33,363   181,027  
Employee expenses      945,325   1,006,970   352,661   803,841  
Banking expenses     14,722   14,669    4,224   3,901  
Net foreign exchange (gain)/loss     62,861   48,248    (29,387)  (958) 
Exploration expenses capitalised      (2,148,713)  (1,425,874)  –   (736,531) 
Depreciation and amortisation expense    5     255,634   147,316    120,045   96,618  
Impairment of capitalised exploration assets    16     2,951,852   529,137    –   457,728  
Impairment of non-current financial assets   13     –   –   –   5,184  
Provision for non recovery of intercompany loans to subsidiaries   12     –   –   3,411,316   916,731  
Other expenses      73,653   221,800   (90,929)  3,669  
Total Expenses   (4,257,877)  2,134,904    4,295,059   2,442,481  
Profit/(Loss) before income tax expense   (4,047,591)  (1,662,828)  (4,084,773)  (1,970,405) 
Income tax expense 6     –   –   –   –  
Profit/(Loss) from continuing operations   (4,047,591)  (1,662,828)  (4,084,773)  (1,970,405) 
Profit/(Loss) from discontinued operations 10     (263,224)  (398,058)  –   –  
Net Profit/(Loss) attributable to members of the parent entity     (4,310,815)  (2,060,886)  (4,084,773)  (1,970,405) 
    Cents   Cents      
Earnings per share for loss from continuing operations attributable to the ordinary equity holders of the Company:            
Basic earnings per share    9     (7.80)  (3.42)     
Earnings per share for loss attributable to the ordinary equity holders of the Company:          
Basic earnings per share   (8.30)  (4.23)     
Where diluted EPS are not dilutive they are not disclosed          
The above income statement should be read in conjunction with the accompanying notes.  
 
     
Top