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AXIOM MINING LIMITED
ANNUAL REPORT 2015
51
Notes to the
financial statements
for the year ended 30 September 2015
GROUP FINANCIAL REPORT
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
Segment revenue
12
11
7
84
–
–
19
95
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
10
27 13,604 7,926
Segment Liabilities
3,094 1,584 5,163 3,355
5
3 8,262 4,942
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
Consultants
524
1,564
Travel
521
882
Other
2,867
1,345
6,386
9,291
Minimum lease payments on operating leases
50
217