Page 105 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 103
NOTES TO THE
FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Note 10. LOSS PER SHARE
Consolidated
2013
$
2012
$
a. Reconciliation of earnings to profit or loss from continuing operations
Loss from continuing operations (31,641,559) (25,308,131)
Less loss attributable to non-controlling interest 2,424,876 2,161,456
Earnings used to calculate basic & dilutive loss per share (29,216,683) (23,146,675)
No. No.
b. Weighted average number of ordinary shares outstanding
during the year used in calculating basic loss per share. 3,062,138,286 2,940,414,850
Shares deemed to be issued for no consideration in respect of:
- employee options - -
- performance rights 12,345,960 11,857,928
c. Weighted average number of ordinary shares plus potential
ordinary shares outstanding during the year used in calculating
diluted loss per share. 3,074,484,246 2,952,272,778
During the year ended 30 June 2013 no options to subscribe for ordinary shares were issued, 5,069,200 options
were exercised, 8,265,119 options were forfeited, leaving 17,652,547 outstanding at 30 June 2013 (Note 20).
These options are not considered dilutive for the purposes of the calculation of diluted earnings per share as their
conversion to ordinary shares would decrease the net loss from continuing operations per share.
Note 11. CASH AND CASH EQUIVALENTS
2013
$
2012
$
Cash at bank and in hand 7,629,458 7,071,182
Short-term bank deposits 12,000,000 51,999,617
19,629,458 59,070,799
The effective interest rate on short-term deposits was 3.05% (2012: 4.81%) these deposits have an average maturity
of 24 days.