Page 61 - Sundance Resources 2014 Annual Report

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014 59
CONSOLIDATED STATEMENT
OF FINANCIAL POSITION
FOR THE YEAR ENDED 30 JUNE 2014
Notes 2014
$
2013
$
CURRENT ASSETS
Cash and cash equivalents 6(a) 14,377,685 19,629,458
Trade and other receivables 6(b) 183,201 708,333
Other current assets 7(a) 1,087,034 1,700,674
Inventory 7(b) 1,075,967 1,292,121
Total Current Assets 16,723,887 23,330,586
NON-CURRENT ASSETS
Inventory 7(b) 2,208,258 2,186,971
Property, plant & equipment 7(c) 2,915,889 3,897,006
Mine development assets 7(d) 253,765,112 224,963,327
Total Non Current Assets 258,889,259 231,047,305
TOTAL ASSETS 275,613,146 254,377,890
CURRENT LIABILITIES
Borrowings 6(c) 5,294,602 4,793,774
Trade payables and accruals 6(d) 2,521,952 6,538,735
Provisions 7(e) 339,019 564,777
Total Current Liabilities 8,155,573 11,897,286
NON-CURRENT LIABILITIES
Borrowings 6(c) 32,921,104 -
Provisions 7(e) 260,432 174,424
Total Non-Current Liabilities 33,181,536 174,424
TOTAL LIABILITIES 41,337,109 12,071,710
NET ASSETS 234,276,037 242,306,180
EQUITY
Issued capital 8 409,071,476 408,971,476
Reserves 39,172,785 15,491,720
Accumulated losses (206,987,067) (175,932,689)
Equity attributable to owners of the Company 241,257,194 248,530,507
Non-controlling interests (6,981,157) (6,224,327)
TOTAL EQUITY 234,276,037 242,306,180
The accompanying notes form part of these financial statements