43
as at 30 September 2012 (Expressed in Australian dollars)
2012 Annual Report
Balance Sheets
The Notes on pages 47 to 73 form part of these financial statements.
Note
Group
Company
2012
A$
2011
A$
2012
A$
2011
A$
Current assets
Cash and cash equivalents
808,596
54,006
742,527
20,650
Other receivables
6
369,609
315,131
93,850
54,389
Total current assets
1,178,205
369,137
836,377
75,039
Non-current assets
Intercompany receivables
7
–
–
–
–
Investments in subsidiaries
8
–
–
–
–
Property, plant and equipment
9
1,873,528 1,610,752
4,044
–
Mineral exploration expenditure
10
23,045,514 20,573,066
568,182
568,182
Total non-current assets
24,919,042 22,183,818
572,226
568,182
Total assets
26,097,247 22,552,955 1,408,603
643,221
Current liabilities
Trade and other payables
11
2,350,423 1,013,695 1,983,203
793,920
Borrowings
12
147,855 1,000,000
147,855 1,000,000
Capitalised lease liabilities
9
123,493
135,358
–
–
Provisions
13
147,210
284,954
146,158
284,954
Total current liabilities
2,768,981 2,434,007 2,277,216 2,078,874
Non-current liabilities
Capitalised lease liabilities
9
1,470,156 1,184,840
–
–
Total non-current liabilities
1,470,156 1,184,840
–
–
Total liabilities
4,239,137 3,618,847 2,277,216 2,078,874
NET ASSETS/(LIABILITIES)
21,858,110 18,934,108 (868,613)
(1,435,653)
CAPITAL AND RESERVES
Share capital
14(a)
17,353,837 10,884,864 17,353,837 10,884,864
Reserves
14(b)
49,880,811 47,756,536 34,896,178 32,442,761
Accumulated losses
(44,618,038)
(39,707,292) (53,118,628) (44,763,278)
Equity attributable to owners of the Company
22,616,610 18,934,108
(868,613)
(1,435,653)
Non-controlling interests
(758,500)
–
–
–
TOTAL EQUITY/(DEFICIT)
21,858,110 18,934,108 (868,613)
(1,435,653)
Approved and authorised for issue by the Board of Directors on 28 November 2012.
Stephen R Williams
Ryan Mount
Director
Director