Issued capital 17 226,270,267 226,295,680
Reserves 17,044,249 7,379,975
Accumulated losses (15,406,318) (12,608,741)
TOTAL EQUITY 227,908,198 221,066,914
=============== ===============
The above condensed consolidated statement of financial position
should be read in conjunction with the accompanying notes.
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE HALF YEAR ENDED 31 DECEMBER 2014
Issued Accumulated Share Cash Flow Foreign Total
Capital Losses Based Hedge Currency
Payments Reserve Translation
Reserve Reserve
$ $ $ $ $ $
Balance at 1
July 2013 45,698,632 (8,877,167) 2,498,535 - 871,707 40,191,707
-------------- --------------- ------------ ------------ -------------- --------------
Loss for the
period - (1,322,933) - - - (1,322,933)
Other
comprehensive
income
Foreign
currency
translation
differences - - - - 5,634,214 5,634,214
-------------- --------------- ------------ ------------ -------------- --------------
Total
comprehensive
profit/(loss)
for
the period - (1,322,933) - - 5,634,214 4,311,281
-------------- --------------- ------------ ------------ -------------- --------------
Transactions
with owners,
recorded
directly in
equity
Issue of share -
capital - - - - -
Equity
compensation
benefit - - 52,186 - - 52,186
-------------- --------------- ------------ ------------ -------------- --------------
Balance at 31
December 2013 45,698,632 (10,200,100) 2,550,721 - 6,505,921 44,555,174
============== =============== ============ ============ ============== ==============
Balance at 1
July 2014 226,295,680 (12,608,741) 2,498,535 - 4,881,440 221,066,914
-------------- --------------- ------------ ------------ -------------- --------------
Loss for the
period - (3,719,177) - - - (3,719,177)
Other
comprehensive
income
Foreign
currency
translation
differences - - - - 10,975,389 10,975,389
Movement in
cash flow
hedge reserve - - - (425,817) - (425,817)
-------------- --------------- ------------ ------------ -------------- --------------
Total
comprehensive
profit/(loss)
for
the period - (3,719,177) - (425,817) 10,975,389 6,830,395
-------------- --------------- ------------ ------------ -------------- --------------
Transactions
with owners,
recorded
directly in
equity
Issue of share -
capital - - - - -
Share issue
costs (25,413) - - - - (25,413)
Equity
compensation
benefit - - 36,302 - - 36,302
Expiry of
options - 921,600 (921,600) - - -
-------------- --------------- ------------ ------------ -------------- --------------
Balance at 31
December 2014 226,270,267 (15,406,318) 1,613,237 (425,817) 15,856,829 227,908,198
============== =============== ============ ============ ============== ==============
The above condensed consolidated statement of changes in equity
should be read in conjunction with the accompanying notes.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE HALF YEAR ENDED 31 DECEMBER 2014
31 December 31 December
2014 2013
$ $
CASH FLOWS FROM OPERATING ACTIVITIES
Payments to suppliers and employees (5,241,899) (2,593,480)
Other income 583,418 638,550
Interest received 301,769 23,272
Net cash used in operating activities (4,356,712) (1,931,658)
---------------- ---------------
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for mine development assets (98,975,903) (37,619,520)
Payments made in respect on bonds and collateral
deposits (13,379,534) -
Payments for property, plant and equipment (55,431) -
Net cash used in investing activities (112,410,868) (37,619,520)
---------------- ---------------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings 52,398,500 32,607,000
Payment of borrowing costs (2,283,151) (3,712,901)
Net cash from financing activities 50,115,349 28,894,099
---------------- ---------------
Net increase/(decrease) in cash and cash
equivalents (66,652,231) (10,657,079)
Effects of exchange rate changes on the
balance of cash
held in foreign currencies 4,529,359 897,981
Cash and cash equivalents at the beginning
of the period 102,819,455 18,668,143
---------------- ---------------
Cash and cash equivalents at the end of
the period 40,696,583 8,909,045
================ ===============
The above condensed consolidated statement of cash flows should
be read in conjunction with the accompanying notes.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE HALF YEAR ENDED 31 DECEMBER 2014
NOTE 1: STATEMENT OF COMPLIANCE
Wolf is a public company, limited by shares, domiciled and
incorporated in Australia and listed on the Australian Securities
Exchange and Alternative Investment Market. The interim financial
report of the company for the six months ended 31 December 2014,
comprise the Company and its subsidiaries ("Consolidated Entity" or
"Group").
The interim financial report is a general purpose financial
report prepared in accordance with the requirements of the
Corporations Act 2001 and AASB 134 Interim Financial Reporting.
Compliance with AASB 134 ensures compliance with International
Financial Reporting Standard IAS 34 Interim Financial
Reporting.
The interim financial report does not include full disclosures
of the type normally included in an annual financial report.
Accordingly, it is recommended that this interim financial report
be read in conjunction with the annual financial report for the
year ended 30 June 2014 and any public announcements made by Wolf
Minerals Limited and its controlled entities during the interim
reporting period in accordance with the continuous disclosure
requirements arising under the Corporations Act 2001.
These condensed consolidated financial statements were approved
by the Board of Directors on
26 February 2015.
NOTE 2: BASIS OF PREPARATION
The condensed consolidated financial statements have been
prepared on an accruals basis and are based on historical costs
modified by the revaluation of selected non-current assets,
financial assets and financial liabilities for which the fair value
basis of accounting has been applied. The presentation and
functional currency is in Australian Dollars.
The accounting policies and methods of computation adopted in
the preparation of the condensed consolidated financial statements
are consistent with those adopted and disclosed in the Company's
2014 annual financial report for the financial year ended 30 June
2014, except for the impact of the Standards and Interpretations
described below. Those accounting policies are consistent with
Australian Accounting Standards and with International Financial
Reporting Standards.
Going concern basis
Wolf Minerals (LSE:WLFE)
Historical Stock Chart
From Apr 2024 to May 2024
Wolf Minerals (LSE:WLFE)
Historical Stock Chart
From May 2023 to May 2024