Page 68 - Sundance Resources 2014 Annual Report

66 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
NOTE 5. SEGMENT INFORMATION
5.1 Products and services from which reportable segments derive their revenues
AASB 8 Operating Segments (‘AASB 8’) requires operating segments to be identified on the basis of internal reports about
components of the Group that are regularly reviewed by the chief operating decision maker in order to allocate resources to
the segment and to assess its performance.
Information reported to the Group’s Chief Executive Officer for the purposes of resource allocation and assessment of
performance is specifically focused on each project being developed. The only project currently under development is the
Mbalam-Nabeba Iron Ore Project (‘the Project’) which includes iron ore deposits in the Republics of Cameroon and Congo
in Central Africa. The unallocated portion relates to head office and corporate activities.
The Group’s reportable segment under AASB 8 is therefore the Mbalam-Nabeba Iron Ore Project.
Information regarding this segment is presented below. The accounting policies of the reportable segment are the same as
the Group’s accounting policies.
The following is an analysis of the Group’s revenue and results by reportable operating segment for the financial year.
5.2 Segment revenues and results
The following is an analysis of the Group’s revenue and results by reportable operating segment.
SEGMENT REVENUE SEGMENT EXPENSE
Year Ended Year Ended
30 June 2014
$
30 June 2013
$
30 June 2014
$
30 June 2013
$
Continuing Operations
- Mbalam-Nabeba Iron Ore Project - - (15,813,746) (22,480,327)
Total segments - - (15,813,746) (22,480,327)
Unallocated interest income 726,951 1,556,082
Unallocated expenses (17,854,717) (10,717,314)
Loss before tax (32,941,511) (31,641,559)
There were no intersegment sales during the year recorded in the revenue reported above.
Segment loss represents the loss attributed to each segment without allocation of central administration costs, borrowing
costs, director’s salaries and investment revenue. This is the measure reported to the chief operating decision maker for the
purposes of resource allocation and assessment of segment performance.
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014