Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Notes to the financial statements for the year ended 30 September 2015

51

3. Segment information The Group’s operations are predominately confined to mineral exploration within Australia, Solomon Islands and Vietnam. The Group has identified its operating segments based on the internal reports that are reviewed and used by the management team in assessing performance and determining the allocation of resources. The operating segments are identified by management based on the manner in which the expenses are incurred and resources allocated. Discrete financial information about each of these operating segments is reported to the Board on a regular basis. The reportable segments are based on aggregated operating segments determined by similarity of expenses, where expenses in the reportable segments exceed 10% of the total expenses for either the current and/or previous reporting period.

Australia

Solomon Islands

Vietnam

Consolidated

2015 $000

2014 $000

2015 $000

2014 $000

2015 $000

2014 $000

2015 $000

2014 $000

12

11

7

84

–

–

19

95

Segment revenue

Segment result (loss)

(10,319)

(10,550)

(2,081)

(4,320)

(60)

(1,010)

(12,460)

(15,880)

Segment assets

1,774 2,976 11,820 4,923 3,094 1,584 5,163 3,355

10

27 13,604 7,926 3 8,262 4,942

Segment Liabilities

5

AXIOM MINING LIMITED ANNUAL REPORT 2015

4. Loss for the year

2015 $000

2014 $000

Loss before income tax includes the following specific expenses: Administration and other comprises: Legal

2,474

5,500 1,564

Consultants

524 521

Travel Other

882

2,867 6,386

1,345 9,291

Minimum lease payments on operating leases

50

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