Page 63 - Bauxite Resources Annual Report 2014

Annual Report 2014 Bauxite Resources | 61
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements cont.
61 Bauxite Resources Annual Report 2014
(c) Contingent Liabilities of parent entity
Details and estimate of maximum amounts of contingent liabilities for which no provision is included in the accounts are as
follows:
2014 2013
$ $
Unconditional performance bonds issued in relation to rehabilitation and rental obligations 352,000 355,570
No losses are anticipated in respect of any of these contingent liabilities, and therefore no provision for loss has been made in
these accounts. Refer to note 20 for details of other contingent liabilities.
(d) Contractual commitments for the acquisition of property, plant and equipment
The Company has no contractual commitments for the acquisition of property, plant and equipment (2013 – nil).
4. REVENUE
From continuing operations
Consolidated Group
2014 2013
$ $
Reimbursement of exploration costs 755,242 413,243
Other revenue 451,829 1,089,964
Interest 1,695,348 2,138,115
2,902,419 3,641,322
5. LOSS FOR THE YEAR
Expenses
Consolidated Group
2014 2013
$ $
Cost of sales - -
Impairment of property, plant & equipment 10,911 636,959
Rental expense on operating leases
minimum lease payments 447,038 429,844
Exploration expenditure 3,515,847 4,277,870
6. INCOME TAX EXPENSE
Consolidated Group
2014 2013
$ $
(a) The components of tax expense comprise:
Current tax - -
Deferred tax - -
Prior year tax adjustment - -
Income tax expense reported in the statement of comprehensive income - -
(b) Numerical reconciliation of income tax expense to prima facie tax payable: