54 | Bauxite Resources
 Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements cont.
Annual Report 2014
Bauxite Resources 54
(ii) Adjustments made to statement of profit or loss and other comprehensive income
Year ended 30 June 2014
Under previous
accounting
policy
AASB11
1
As presented
$
$
$
Sales revenue
Recoupment of exploration costs
755,242
-
755,242
Other income
451,829
-
451,829
Interest income
1,716,887
(21,539)
1,695,348
Cost of sales
-
-
-
Employee benefits expense
(1,261,252)
-
(1,261,252)
Exploration expenses as incurred
(3,487,481)
(28,366)
(3,515,847)
Bankable feasibility and other studies
(51,902)
-
(51,902)
Administration expenses
(1,759,351)
-
(1,759,351)
Depreciation and amortisation expense
(716,575)
28,366
(688,209)
Impairment of property, plant & equipment
(10,911)
-
(10,911)
Impairment of mining property improvements
-
-
-
Gain/(loss) on disposal of fixed assets
(57,805)
-
(57,805)
Share-based payments expense
(111,734)
-
(111,734)
Profit / (loss) before income tax
(4,533,053)
(21,539
)
(4,554,592)
Income tax expense
(3,610)
3,610
-
Profit / (loss) for the period
(4,536,663)
(17,929
)
(4,554,592)
Profit / (loss) attributable to:
Members of the parent entity
(4,536,663)
(17,929
)
(4,554,592)
Non-controlling interests
-
-
-
(4,536,663)
(17,929
)
(4,554,592)
Other comprehensive income
Other comprehensive income for the period, net of tax
-
-
-
Total comprehensive income/(loss) for the period
(4,536,663)
(17,929
)
(4,554,592)
Earnings per share
From continuing and discontinued operations:
Basic earnings per share (cents)
(2.0)
-
(2.0)
Diluted earnings per share (cents)
(1.9)
-
(1.9)
From continuing operations:
Basic earnings per share (cents)
(2.0)
-
(2.0)
Diluted earnings per share (cents)
(1.9)
-
(1.9)
Note 1 – Effect of change in accounting policy
Year ended 30 June 2013
Under previous
accounting
policy
AASB11
1
As presented
$
$
$
Sales revenue
Recoupment of exploration costs
413,243
-
413,243
Other income
1,089,615
349
1,089,964
Interest income
2,137,740
375
2,138,115
Cost of sales
-
-
-
Employee benefits expense
(1,357,341)
-
(1,357,341)
Exploration expenses as incurred
(4,300,905)
23,035
(4,277,870)
Bankable feasibility and other studies
(53,072)
-
(53,072)
1...,46,47,48,49,50,51,52,53,54,55 57,58,59,60,61,62,63,64,65,66,...88