Axiom 2014 Annual Report - page 59

Notes to the Financial Statements
for the year ended 30 September 2014
57
2014 Annual Report
3. Segment information
The Group’s operations are predominantly confined to mineral exploration within Australia, Solomon Islands and Vietnam.
The Group has identified its operating segments based on the internal reports that are reviewed and used by the
management team in assessing performance and in determining the allocation of resources.
The operating segments are identified by management based on the manner in which the expenses are incurred and
resources allocated. Discrete financial information about each of these operating segments is reported to the Board on
a regular basis.
The reportable segments are based on aggregated operating segments determined by similarity of expenses, where expenses
in the reportable segments exceed 10% of the total expenses for either the current and/or previous reporting period.
Australia
Solomon
Vietnam
Consolidated
2014
$000
2013
$000
2014
$000
2013
$000
2014
$000
2013
$000
2014
$000
2013
$000
Segment revenue
11
10
84
2
–
1
95
13
Segment result (loss)
(10,550)
(10,091)
(4,320)
(3,360)
(1,010)
(199)
(15,880)
(13,650)
Segment assets
2,976
1,565
4,923
3,529
27
911
7,926
6,005
Segment liabilities
1,584
961
3,355
2,007
3
55
4,942
3,023
4. Loss for the year
2014
$000
2013
$000
Loss before income tax includes the following specific expenses:
Administration and legal comprises:
Legal
5,500
1,218
Consultants
1,564
579
Travel
882
485
Other
1,073
1,744
9,019
4,026
Minimum lease payments on operating leases
217
287
5. Tax expense
2014
$000
2013
$000
The prima facie tax on profit from ordinary activities before income tax is reconciled to
income tax as follows:
Prima facie tax payable on profit from ordinary activities before income tax at 30% (2013: 30%)
(4,764)
(4,095)
Add:
Tax effect of:
Non-allowable items
– share options expensed during year
211
9
– overseas exploration and other expenditure
1,741
215
Less:
– difference in overseas tax rate
82
16
– tax losses and deferred tax not recognised
2,730
3,855
Income tax attributable to entity
–
–
GROUP FINANCIAL REPORT
1...,49,50,51,52,53,54,55,56,57,58 60,61,62,63,64,65,66,67,68,69,...116
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