Page 97 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 95
NOTES TO THE
FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2013
5.3 Segment revenues and results
The following is an analysis of the Consolidated Entity’s revenue and results by reportable operating segment.
SEGMENT REVENUE SEGMENT LOSS
Year Ended Year Ended
30 June 2013
$
30 June 2013
$
30 June 2013
$
30 June 2013
$
Continuing Operations
- Mbalam-Nabeba Project - - (22,480,327) (16,595,061)
Total segments - - (22,480,327) (16,595,061)
Interest income 1,556,082 2,523,266
Unallocated expenses (10,717,314) (11,236,336)
Loss before tax (31,641,559) (25,308,131)
Consolidated segment revenue
and loss for the period (31,641,559) (25,308,131)
There were no intersegment sales during the year.
Segment loss represents the loss attributed to each segment without allocation of central administration costs and
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.
5.4 Segment assets and liabilities
The following is an analysis of the Consolidated Entity’s assets by reportable operating segment:
30 June 2013
$
30 June 2012
$
Segment assets
- Mbalam-Nabeba Project 233,996,064 172,498,849
Total segment assets 233,996,064 172,498,849
Unallocated assets 20,381,826 60,731,723
CONSOLIDATED ASSETS 254,377,890 233,230,572
Segment liabilities
- Mbalam-Nabeba Project 4,604,374 3,262,348
Total segment liabilities 4,604,374 3,262,348
Unallocated liabilities 7,467,336 1,986,266
CONSOLIDATED LIABILITIES 12,071,710 5,248,614
For the purposes of monitoring segment performance and allocating resources between segments:
• All assets are allocated to reportable segments other than parent entity current assets, the majority of which are
cash and cash equivalents. Assets used jointly by reportable segments are allocated on the basis of the usage
by individual reportable segments; and
• All liabilities are allocated to reportable segments other than ‘other financial liabilities’, current and deferred tax
liabilities, and ‘other’ liabilities. Liabilities for which reportable segments are jointly liable are allocated in proportion
to segment assets.
NOTE 5. SEGMENT INFORMATION