Axiom Interactive Annual Report 2017

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 September 2017 GROUP FINANCIAL REPORT AXIOM MINING LIMITED ANNUAL REPORT 2017 57 29. STATEMENT OF FINANCIAL POSITION OF THE COMPANY (CONTINUED) Note: A summary of the Company’s reserves is as follows: Foreign currency translation reserve AU$000 Share-based payment reserve AU$000 Accumulated losses AU$000 Total Equity AU$000 At 1 October 2015 (933) 2,022 (87,321) (86,232) Loss for the year and total comprehensive loss for the year — — (19,176) (19,176) Transfer from Retained earnings — — (34) (34) Equity-settled share options arrangements — 2,083 — 2,083 Transfer to share-based payment reserve upon the forfeiture or expiry of share options — (3,604) 3,604 — Total transactions with owners and other transfers — (1,521) 3,570 2,049 As at 30 September 2016 (933) 501 (102,927) (103,359) At 1 October 2016 (933) 501 (102,927) (103,359) Loss for the year and total comprehensive loss for the year — — (9,704) (9,704) Transfer to share-based payment reserve upon the forfeiture or expiry of share options — (77) 77 — Equity-settled share options arrangements — 102 — 102 Total transactions with owners and other transfers — 25 77 102 As at 30 September 2017 (933) 526 (112,554) (112,961) The share based payment reserve comprised the fair value of share options granted which are yet to exercised, as further explained in the accounting policy for share-based payments to the financial statements. The amount will either be transferred to the share premium account when the related options are exercised, or be transferred to retained profits should the related options expire or be forfeited. 30. APPROVAL OF THE FINANCIAL STATEMENTS The financial statements were approved and authorised for issue by the board of directors on 29 December 2017.

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