Axiom 2014 Annual Report - page 71

Notes to the Financial Statements
for the year ended 30 September 2014
69
2014 Annual Report
17. Note to statement of cash flows
Reconciliation of loss from operations to net cash outflow from operating activities:
2014
$000
2013
$000
Loss for the period
(15,880)
(13,650)
Non-cash items
Depreciation and amortisation
206
288
Expense recognised in respect of shares issued in exchange for consulting services
714
–
Interest on lease liability
277
435
Impairment loss on mineral exploration expenditure
1,560
6,218
Share-based payments expense
703
32
Net foreign exchange loss
16
–
Changes in operating assets and liabilities
– (Increase)/decrease in other receivables
(772)
50
– Increase/(decrease) in other payables
719
(1,655)
– Increase/(decrease) in provisions
60
(54)
Net cash flows used from operations
(12,397)
(8,336)
18. Commitments
a. Expenditure commitments
Estimated capital expenditure required to maintain tenements by the balance sheet date, but not provided for, are
payable as follows:
2014
$000
2013
$000
Within one year
704
1,123
After one year but within five years
1,742
3,257
2,446
4,380
These commitments may be achieved by seeking exemptions, relinquishment or by joint venture arrangements.
b. Operating lease commitments
2014
$000
2013
$000
Within one year
128
39
After one year but within five years
10
51
138
90
GROUP FINANCIAL REPORT
1...,61,62,63,64,65,66,67,68,69,70 72,73,74,75,76,77,78,79,80,81,...116
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