Page 78 - Bauxite Resources Annual Report 2014

76 | Bauxite Resources Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements cont.
Annual Report 2014 Bauxite Resources 76
25. CASH FLOW STATEMENT
Reconciliation of net profit or loss after income tax to net cash flows from operating activities
Consolidated Group
2014 2013
$ $
Cash flows from operating activities
Net profit/(loss) for the year (4,554,592) (5,241,176)
Non cash Items
Depreciation and amortisation 688,209 686,484
Share-based payments expense 111,734 -
Revaluation of property, plant and equipment 10,911 636,959
Net (gain)/loss on disposal of property, plant and equipment 57,805 (39,325)
(3,685,933) (3,957,058)
Movements in working capital, net of effects from purchase of controlled entities
(Increase)/ Decrease in trade and other receivables 1,282,132 (568,460)
Increase/ (Decrease) in trade and other payables (18,495) (208,878)
Net cash inflow/(outflow) from operating activities (2,422,296) (4,734,396)
26. EARNINGS PER SHARE
(a) Reconciliation of earnings used in calculating earnings per share
Consolidated Group
2014 2013
$ $
Profit or loss attributable to the ordinary equity holders of the Company used in calculating basic
and diluted earnings per share (4,554,592) (5,241,176)
(b) Weighted average number of shares used as the denominator
Consolidated Group
2014 2013
Number of shares Number of shares
Weighted average number of ordinary shares outstanding during the year used in calculating basic
EPS 231,632,857 235,296,198
Weighted average number of dilutive options outstanding 2,000,000 3,301,370
Weighted average number of ordinary shares outstanding during the year used in calculating dilutive
EPS 233,632,857 238,597,568
(c) Information on the classification of options
As the Company has made a loss for the year ended 30 June 2014, all options on issue are considered anti-dilutive and have
not been included in the calculation of diluted earnings per share. These options could potentially dilute basic earnings per share
in the future.