42
for the year ended 30 September 2012 (Expressed in Australian dollars)
Axiom Mining Limited
Note
Group
Company
2012
A$
2011
A$
2012
A$
2011
A$
Revenue
Interest income
2,484
22,930
2,436
22,930
Sundry income
17,378
11,844
–
9,421
Total revenue from ordinary activities
19,862
34,774
2,436
32,351
Depreciation and amortisation
9
(63,215)
(62,432)
(1,272)
(22,500)
Salaries, Directors and employee benefits expense
(1,962,955)
(988,403)
(1,713,760)
(893,250)
Superannuation
(149,869)
(58,845)
(146,819)
(58,845)
ASX fees
(50,840)
(58,597)
(50,840)
(58,597)
Audit fees
(71,584)
(12,275)
(53,751)
(12,275)
Provision for non-recovery of intercompany receivables 7
–
– (3,793,275)
(6,444,170)
Impairment loss on investments in subsidiaries
–
–
(141)
(4,974,493)
Exploration costs
10
– (4,402,411)
–
(34,196)
Foreign exchange gain/(loss)
652
(65,276)
3,230
(65,276)
Administration, accounting, secretarial and other costs
(2,736,407)
(1,348,468)
(2,076,642)
(1,174,317)
Rent and occupancy costs
(186,160)
(128,150)
(57,001)
(46,131)
Share based payments
14(b)(v)
(441,190)
(1,043,055)
(441,190)
(1,043,055)
Interest expense
(27,540)
–
(26,325)
–
Loss before income tax
(5,669,246)
(8,133,138)
(8,355,350) (14,794,754)
Income tax
4
–
–
–
–
Loss for the year
(5,669,246)
(8,133,138)
(8,355,350) (14,794,754)
Attributable to:
Owners of the Company
(4,910,746)
(8,133,138)
(8,355,350) (14,794,754)
Non-controlling interests
(758,500)
–
–
–
(5,669,246)
(8,133,138)
(8,355,350) (14,794,754)
Loss per share (cent)
Basic and diluted
5
A$(0.40)
A$(0.83)
Statements of Comprehensive Income
for the year ended 30 September 2012 (Expressed in Australian dollars)
Note
Group
Company
2012
A$
2011
A$
2012
A$
2011
A$
Loss for the year
(5,669,246)
(8,133,138)
(8,355,350) (14,794,754)
Other comprehensive (loss)/income for the year
Exchange differences on translation of financial
statements of overseas subsidiaries, net of tax
(329,142)
404,416
–
182,838
Total comprehensive loss for the year
(5,998,388)
(7,728,722)
(8,355,350) (14,611,916)
Attributable to:
Owners of the Company
(5,239,888)
(7,728,722)
(8,355,350) (14,611,916)
Non-controlling interests
(758,500)
–
–
–
(5,998,388)
(7,728,722)
(8,355,350) (14,611,916)
Income Statements
The Notes on pages 47 to 73 form part of these financial statements.