| | Note | 2008
$'000s | 2007
$'000s |
| CONTINUING OPERATIONS |
|
|
|
|---|
| Revenue |
3 |
100,753 |
69,561 |
|---|
| Cost of Sales |
|
|
|
|---|
| Impairment |
8 |
(55,000) |
- |
|---|
| Other Cost of Sales |
|
(70,552) |
(47,847) |
|---|
| Total Cost of Sales |
|
(125,552) |
(47,847) |
|---|
| Gross (Loss)/Profit |
|
(24,799) |
21,714 |
|---|
| Exploration Expenses: |
|
|
|
|---|
| Exploration Costs Written Off |
|
(39,065) |
- |
|---|
| Pre-licence Exploration Expenses |
|
(7,981) |
(5,924) |
|---|
| Profit on Disposal of Assets |
|
807 |
- |
|---|
| Total Exploration Expenses |
|
(46,239) |
(5,924) |
|---|
| Administration Expenses(1) |
|
(10,859) |
(4,594) |
|---|
| Operating (Loss)/Profit |
|
(81,897) |
11,196 |
|---|
| Interest Revenue |
|
5,814 |
7,748 |
|---|
| Finance Costs |
|
(2,953) |
(2,307) |
|---|
| Other Financial Gains(1) |
|
3,564 |
1,389 |
|---|
| (Loss)/Profit Before Tax |
|
(75,472) |
18,026 |
|---|
| Tax |
|
|
|
|---|
| Current Tax |
5 |
(14,651) |
(12,172) |
|---|
| Deferred Tax: |
|
|
|
|---|
| Impairment |
5 |
27,500 |
- |
|---|
| Other |
5 |
(3,872) |
(1,262) |
|---|
| Total Tax |
|
8,977 |
(13,434) |
|---|
| (Loss)/Profit for the Year |
|
(66,495) |
4,592 |
|---|
| |
|
|
|
|---|
| (Loss)/Earnings per Ordinary Share |
|
$'s |
$'s |
|---|
| Basic |
6 |
(0.53) |
0.05 |
|---|
| Diluted |
6 |
(0.53) |
0.05 |
|---|
1.
Certain foreign exchange gains and losses, previously presented with administrative expenses, in 2007 have been reclassified as other financial gains.
View the notes (PDF, 49.5 KB, opens in a new window)