Page 57 - Bauxite Resources Annual Report 2014

Annual Report 2014 Bauxite Resources | 55
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements cont.
55 Bauxite Resources Annual Report 2014
Year ended 30 June 2013
Under previous
accounting
policy AASB11 1 As presented
$ $ $
Administration expenses (1,910,096) - (1,910,096)
Depreciation and amortisation expense (717,482) 30,998 (686,484)
Impairment of property, plant & equipment (636,959) - (636,959)
Impairment of mining property improvements - - -
Gain/(loss) on disposal of fixed assets 39,325 - 39,325
Share-based payments expense - - -
Share of net profits of associates and joint venture entities - (1) (1)
Profit / (loss) before income tax (5,295,932) 54,756 (5,241,176)
Income tax expense (7,051) 7,051 -
Profit / (loss) for the period (5,302,983) 61,807 (5,241,176)
Profit / (loss) attributable to:
Members of the parent entity (5,302,983) 61,807 (5,241,176)
Non-controlling interests - - -
(5,302,983) 61,807 (5,241,176)
Other comprehensive income
Other comprehensive income for the period, net of tax - - -
Total comprehensive income/(loss) for the period (5,302,983) 61,807 (5,241,176)
Earnings per share
From continuing and discontinued operations:
Basic earnings per share (cents) (2.3) 0.1 (2.2)
Diluted earnings per share (cents) (2.2) - (2.2)
From continuing operations:
Basic earnings per share (cents) (2.3) 0.1 (2.2)
Diluted earnings per share (cents) (2.2) - (2.2)
Note 1 – Effect of change in accounting policy
(ii) Adjustments made to statement of cash flows
Year ended 30 June 2014
Under previous
accounting
policy AASB11 1 As presented
$ $ $
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 2,268,218 25,443 2,293,661
Payments to suppliers and employees (3,142,234) (29,384) (3,171,618)
Payments for exploration expenditure (3,438,639) 89,663 (3,348,976)
Interest received 1,820,948 (16,311) 1,804,637
Income tax received/(paid) (1,643) 1,643 -
NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES (2,493,350) 71,054 (2,422,296)
CASH FLOWS FROM INVESTING ACTIVITIES
Recoup/(payment)of security deposit 67,023 547 67,570
Receipts from sales of property, plant & equipment 46,273 (182) 46,091
Payments for property, plant and equipment (21,949) 943 (21,006)
Expenditure on mining improvements - - -
NET CASH INFLOW/ (OUTFLOW) FROM INVESTING ACTIVITIES 91,347 1,308 92,655