Annual Report & Accounts 2013

 

Consolidated Income Statement

for the Year Ended 31 December 2013

 

 

2013

2012

 

Notes

$’000

$’000

 

 

 

 

Revenue

2

196,698

59,435

 

 

 

 

Depletion and decommissioning

2

(92,107)

(25,784)

Other cost of sales

2

(27,316)

(7,255)

Total cost of sales

 

(119,423)

(33,039)

 

 

 

 

Gross profit

 

77,275

26,396

 

 

 

 

Administrative expenses

2

(19,865)

(18,491)

Share-based payments expense

20

(5,017)

(3,864)

Profit from operating activities before exploration costs

 

52,393

4,041

 

 

 

 

Exploration costs written off

2

(36,704)

(7,119)

Results from operating activities

 

15,689

(3,078)

 

 

 

 

Finance income

4

1,671

2,292

Finance expense

4

(21,837)

(5,889)

 

 

 

 

Loss before tax

2,5

(4,477)

(6,675)

 

 

 

 

Income tax expense

6

(14,356)

(13,369)

 

 

 

 

Loss for the year

(18,833)

(20,044)

 

 

 

 

 

 

 

 

Basic loss per share (cents)

8

(10.73)

(17.81)

Diluted loss per share (cents)

8

(10.73)

(17.81)


The loss for the year is derived entirely from continuing operations and is 100% attributable to equity shareholders of the Company.

There was no other comprehensive income during the current or prior year.

The accompanying notes form an integral part of these financial statements.

On behalf of the Board
Tom Hickey Brian O’Cathain
Director Director