29
2012 Annual Report
Corporate Governance
Financial Report
The Board and its Responsibilities
30
Independence
30
Nomination and Remuneration Committee
31
Audit, Risk and Compliance Committee
31
Review of Board Performance
31
Diversity
31
Securities Trading Disclosure
31
Continuous Disclosure
32
Identification and Management of Business Risk
32
Ethical Standards
32
Shareholder Communication
32
Risk Factors
32
Business Risks
32
General Risks
35
Directors’ Report
36
Directors’ Declaration
39
Independent Audit Report
40
Income Statements
42
Statements of Comprehensive Income
42
Balance Sheets
43
Statements of Changes in Equity
44
Cash Flow Statements
46
Notes to the Financial Statements
47
1. Company Information
47
2. Significant Accounting Policies
47
3. Geographical Information
53
4. Income Tax
54
5. Loss Per Share
54
6. Other Receivables
54
7. Intercompany Receivables
55
8. Investments in Subsidiaries
55
9. Property, Plant and Equipment
56
10. Mineral Exploration Expenditure
58
11. Trade and Other Payables
58
12. Borrowings
59
13. Provisions and Contingent Liabilities
60
14. Capital and Reserves
60
15. Note to Cash Flow Statements
66
16. Short Term Employee Benefits and
Superannuation Commitments
66
17. Commitments
67
18. Auditor’s Remuneration
67
19. Director and Executive Disclosures
68
20. Financial Risk Management
and Fair Values
71
21. Subsequent Events
72
22. Significant Accounting Estimates
and Judgements
72
23. Possible Impact of Amendments,
New Standards and Interpretations Issued
but not yet Effective for the year ended
30 September 2012
73
ASX Additional Information
74
Corporate Directory
76
Tables of contents