Page 60 - Bauxite Resources Annual Report 2013

Notes to the Financial Statements cont.
Notes Consolidated Group
2013 2012
$ $
11. NON-CURRENT ASSETS – INTANGIBLE ASSETS
Formation expenses
Cost 4,147 4,147
Accumulated amortisation (4,147) (4,147)
Net book amount - -
Formation expenses
Opening net book amount - 1,365
Additions - -
Amortisation charge - (1,365)
Closing net book amount - -
12. CURRENT LIABILITIES
a) Trade and other payables
Trade payables 226,897 347,231
GST and tax liabilities (54,524) (118,074)
Other payables and accruals 247,073 392,878
419,446 622,035
b) Provisions
Annual leave
Opening balance at 1 July 93,027 98,378
Additional provisions 147,750 188,491
Amounts used (129,308) (193,842)
Balance at 30 June 111,469 93,027
13. CONTRIBUTED EQUITY
(a) Share capital
2013 2012
Notes Number
of securities
$ Number
of securities
$
Ordinary shares fully paid 13(b), 13(d) 87,872,818 88,811,698
Total contributed equity 87,872,818 88,111,698
(b) Movements in ordinary share capital
Beginning of the financial year 235,379,896 88,111,698 235,379,896 88,111,698
Issued during the year:
Bought back (2,096,400) (237,692) - -
Less: Transaction costs (1,188) - -
End of the financial year 233,283,496 87,872,818 235,379,896 88,111,698
(c) Movements in options on issue
Number of options
2013 2012
Beginning of the financial year 6,000,000 18,195,000
Exercised, cancelled or expired during the year:
- Exercisable at 40 cents, on or before 22 February 2016 (1,000,000) -
- Exercisable at 40 cents, on or before 31 January 2016 (3,000,000) -
End of the financial year 2,000,000 6,000,000
58 Bauxite Resources Annual Report 2013