Page 96 - Sundance Resources Ltd Annual Report 2013

94 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Note 4. EXPENSES
30 June 2013
$
30 June 2012
$
Expenses from continuing operations
Depreciation and amortisation expense:
- Depreciation of property, plant & equipment 2,345,456 2,723,075
2,345,456 2,723,075
Employee and director benefit expense:
- Share based payment 2,352,417 4,586,372
- Salaries and wages 14,680,113 10,894,231
- Superannuation 479,162 458,916
17,511,692 15,939,519
Administration expense:
- Corporate expenses 142,951 380,828
- General and administration expenses 1,428,736 1,335,608
- IT and communications 665,941 766,764
2,237,628 2,483,200
Professional fees:
- Audit, accounting and tax 405,227 522,110
- Public relations 294,702 236,536
699,929 758,646
Other expenses:
- Consumables 26,211 48,090
- Insurance 589,490 646,228
- Interest paid 33,473 4,873
- Motor vehicles 317,502 301,693
- Other 13,110 8,603
979,786 1,009,487
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 Consolidated Entity 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 Consolidated Entity’s Chief Executive Officer for the purposes of resource allocation and
assessment of performance is specifically focused on the Project being developed. The only project currently under
development is the Project which includes the deposits in Cameroon and Congo. The unallocated portion relates to
head office and corporate activities.
The Consolidated Entity’s reportable segment under AASB 8 is therefore the Project.
Information regarding this segment is presented below. The accounting policies of the reportable segment are the
same as the Consolidated Entity’s accounting policies.
The following is an analysis of the Consolidated Entity’s revenue and results by reportable operating segment for
the financial year.