| BALANCE SHEETS
FOR THE YEAR ENDED 30 JUNE 2009
| |
NOTES |
CONSOLIDATED ENTITY |
PARENT ENTITY |
| |
|
2009 |
2008 |
2009 |
2008 |
| |
|
$ |
$ |
$ |
$ |
| CURRENT ASSETS |
|
|
|
|
|
| Cash and cash equivalents |
11 |
2,089,531 |
5,408,627 |
2,036,475 |
5,306,502 |
| Trade and other receivables |
12 |
87,713 |
182,008 |
80,602 |
114,447 |
| TOTAL CURRENT ASSETS |
|
2,177,244 |
5,590,635 |
2,117,077 |
5,420,949 |
| NON-CURRENT ASSETS |
|
|
|
|
|
| Trade and other receivables |
12 |
– |
– |
2,343,167 |
3,187,887 |
| Financial assets |
13 |
– |
– |
– |
– |
| Property, plant and equipment |
14 |
671,955 |
621,990 |
371,193 |
336,010 |
| Exploration and Evaluation |
16 |
2,052,345 |
2,681,169 |
– |
– |
| TOTAL NON-CURRENT ASSETS |
|
2,724,300 |
3,303,159 |
2,714,360 |
3,523,897 |
| |
|
|
|
|
|
| TOTAL ASSETS |
|
4,901,544 |
8,893,794 |
4,831,437 |
8,944,846 |
| CURRENT LIABILITIES |
|
|
|
|
|
| Trade and other payables |
17 |
160,804 |
159,159 |
109,592 |
138,228 |
| |
|
|
|
|
|
| TOTAL CURRENT LIABILITIES |
|
160,804 |
159,159 |
109,592 |
138,228 |
| NON-CURRENT LIABILITIES |
|
|
|
|
|
| Trade and other payables |
17 |
– |
18,980 |
– |
– |
| TOTAL NON-CURRENT LIABILITIES |
|
– |
18,980 |
– |
– |
| |
|
|
|
|
|
| TOTAL LIABILITIES |
|
160,804 |
178,139 |
109,592 |
138,228 |
| |
|
|
|
|
|
| NET ASSETS |
|
4,740,740 |
8,715,655 |
4,721,845 |
8,806,618 |
| EQUITY |
|
|
|
|
|
| Contributed Equity |
18 |
12,022,105 |
12,022,105 |
12,022,105 |
12,022,105 |
| Reserves |
19 |
841,221 |
505,321 |
401,825 |
401,825 |
| Accumulated losses |
19 |
(8,122,586) |
(3,811,771) |
(7,702,085) |
(3,617,312) |
| Less Amounts attributable to Minority Interests |
|
– |
– |
– |
– |
| TOTAL EQUITY |
|
4,740,740 |
8,715,655 |
4,721,845 |
8,806,618 |
The above balance sheet should be read in conjunction with the accompanying notes. |
