Half Yearly Report -6-
January 07 2010 - 5:26AM
UK Regulatory
| | | | | | | | | | | | |
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+
| NET | | | | | | (162) | | 1,483 | | 159 |
| INCREASE/(DECREASE) | | | | | | | | | | |
| IN CASH | | | | | | | | | | |
+--------------------------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+
| | | | | | | | | | | | |
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+
| Cash and Cash Equivalents at | | | | 242 | | 79 | | 79 |
| beginning of the period | | | | | | | | |
+---------------------------------------------+--------+----------+--------+-----------+--------+-------------+--------+----------+
| Effect of foreign rate changes on cash held in | | (9) | | 16 | | 4 |
| foreign currencies | | | | | | |
+-----------------------------------------------------------------+--------+-----------+--------+-------------+--------+----------+
| CASH AND CASH EQUIVALENTS AT END | | | | 71 | | 1,578 | | 242 |
| OF THE PERIOD | | | | | | | | |
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+
Notes:
1. INFORMATION
The financial information for the six months ended October 31st, 2009 and the
comparative amounts for the six months ended October 31st, 2008 are unaudited.
The financial information above does not constitute full statutory accounts
within the meaning of section 240 of the Companies Act 1985.
The Interim Financial Report has been prepared in accordance with IAS 34 Interim
Financial Reporting as adopted by the European Union. The accounting policies
and methods of computation used in the preparation of the Interim Financial
Report are consistent with those used in the Group 2009 Annual Report, which is
available at www.westafdiamonds.com
The interim financial statements have not been audited or reviewed by the
auditors of the Group pursuant to the Auditing Practices board guidance on
Review of Interim Financial Information.
2.No dividend is proposed in respect of the period.
3. LOSS PER SHARE
Basic earnings or loss per share is computed by dividing the profit or loss
after taxation for the year available to ordinary shareholders by sum of the
weighted average number of ordinary shares in issue and ranking for dividend
during the year.
Diluted earnings or loss per share is computed by dividing the profit or loss
after taxation for the year by the weighted average number of ordinary shares in
issue, adjusted for the effect of all dilutive potential ordinary shares that
were outstanding during the year.
The following table sets forth the computation for basic and diluted loss
per share (EPS):
+-------------------------------------------------+------------+--+------------+--+------------+
| | 31 Oct 09 | | 31 Oct 08 | | 30 April |
| | GBP | | GBP | | 09 |
| | | | | | GBP |
+-------------------------------------------------+------------+--+------------+--+------------+
| Numerator | (129,552) | | (124,026) | | (246,465) |
| Numerator | | | | | |
| for basic | | | | | |
| EPS - | | | | | |
| retained | | | | | |
| loss | | | | | |
+-------------------------------------------------+------------+--+------------+--+------------+
| | | | | | |
+-------------------------------------------------+------------+--+------------+--+------------+
| Denominator | Number | | Number | | Number |
| Denominator | 78,399,896 | | 41,110,099 | | 52,147,985 |
| for basic | | | | | |
| and diluted | | | | | |
| EPS | | | | | |
+-------------------------------------------------+------------+--+------------+--+------------+
| | | | | | |
+-------------------------------------------------+------------+--+------------+--+------------+
| Basic | (0.17p) | | (0.30p) | | (0.48p) |
| and | | | | | |
| diluted | | | | | |
| EPS | | | | | |
+-------------------------------------------------+------------+--+------------+--+------------+
Basic and diluted loss per share is the same as the effect of the outstanding
share options is anti-dilutive and is therefore excluded.
4. INTANGIBLE ASSETS
+--------------------------------------------------+------------+--+------------+--+------------+
| Exploration | 31 Oct 09 | | 31 Oct 08 | | 30 April |
| and | GBP'000 | | GBP'000 | | 09 |
| evaluation | | | | | GBP'000 |
| assets: | | | | | |
| | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| Cost | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| Opening | 9,468 | | 6,609 | | 6,609 |
| balance | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| Additions | 584 | | 549 | | 1,335 |
| during | | | | | |
| the | | | | | |
| period | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| Transfer | 263 | | - | | - |
| from | | | | | |
| assets | | | | | |
| under | | | | | |
| construction | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| Net | (724) | | - | | 1,524 |
| foreign | | | | | |
| exchange | | | | | |
| differences | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| Closing | 9,591 | | 7,158 | | 9,468 |
| balance | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| | | | | | |
+--------------------------------------------------+------------+--+------------+--+------------+
| Segmental | | | | | |
| analysis | | | | | |
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