Page 68 - Bauxite Resources Annual Report 2014

66 | Bauxite Resources Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements cont.
Annual Report 2014 Bauxite Resources 66
written down to their estimated realisable value (with reference to the market price of similar equipment of a similar age used as
a benchmark), resulting in the impairment charge.
11. NON-CURRENT ASSETS - INTANGIBLE ASSETS
Consolidated Group
2014 2013
$ $
Formation expenses - -
Cost 4,147 4,147
Accumulated amortisation (4,147) (4,147)
Net book amount - -
12. CURRENT LIABILITIES
Consolidated Group
2014 2013
$ $
(a) Trade and other payables
Trade payables 182,228 234,569
GST and tax liabilities (31,871) (49,319)
Other payables and accruals 109,064 83,843
259,421 269,093
(b) Provisions
Leave
Opening balance at 1 July 81,074 81,468
Additional provisions 85,829 87,479
Amounts used (94,651) (87,873)
Balance at 30 June 72,252 81,074
13. CONTRIBUTED EQUITY
2014 2013
Notes Number $ Number $
of securities of securities
(a) Share capital
Ordinary shares fully paid 13b, 13d 87,651,716 87,872,818
Total contributed equity 87,651,716 87,872,818
(b) Movements in ordinary share capital
Beginning of the financial year 233,283,496 87,872,818 235,379,896 88,111,698
Issued during the year:
Bought back (1,800,000) (220,002) (2,096,400) (237,692)
Less: Transaction costs (1,100) (1,188)
End of the financial year 231,483,496 87,651,716 233,283,496 87,872,818
Consolidated Group