Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Notes to the financial statements for the year ended 30 September 2015

69

25. Parent entity financial information The accounting policies of the parent entity that have been applied in determining the financial information shown below are the same as those applied in the consolidated financial statements. Refer to Note 2 for a summary of the significant accounting policies relating to the Group.

2015 $000

2014 $000

Financial position Current assets

1,359 7,556 2,347 2,347

2,586 2,736 1,578 1,578

Total assets

Current liabilities

Total liabilities

Shareholders’ equity Issued capital

91,433

77,902

Reserves

– Exchange reserve

(933)

(933)

– Share-based payment reserve

2,022

1,120

Accumulated losses

(87,313)

(76,931)

AXIOM MINING LIMITED ANNUAL REPORT 2015

5,201

1,158

Financial performance Loss for the year

(10,382) (10,382)

(14,845) (14,845)

Total comprehensive loss for the year

Guarantees entered into by the parent entity in relation to the debts of its subsidiaries The Company did not issue any shares as collateral security on issue of Convertible Notes during the year (2014: 15,000,000).

Commitments for the acquisition of property, plant and equipment by the parent entity Nil (2014: nil)