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AXIOM MINING LIMITED
ANNUAL REPORT 2015
Notes to the
financial statements
for the year ended 30 September 2015
GROUP FINANCIAL REPORT
5. Tax expense
2015
$000
2014
$000
The prima facie tax on loss from ordinary activities before income tax is reconciled to income
tax as follows:
Prima facie tax payable on loss from ordinary activities before income tax at 30% (2014: 30%)
(3,738)
(4,764)
Add:
Tax effect of:
Non-allowable items
– share options expensed during year
271
211
– overseas exploration and other expenditure
705
1,741
– loss on disposal of subsidiary
40
–
– impairment loss on mineral exploration expenditure
5
–
Less:
– difference in overseas tax rate
5
82
– tax losses and deferred tax not recognised
2,712
2,730
Income tax attributable to entity
–
–
6. Loss per share
a. Basic loss per share
The calculation of basic loss per share of 5.0 cents per share (2014: 0.57 of a cent per share) is based on the loss
attributable to owners of the Company of $11,931,000 (2014: $15,692,000) and the weighted average number
of 239,114,160 ordinary shares (2014: 2,743,020,471 shares) in issue during the year, calculated as follows:
b. Diluted loss per share
The diluted loss per share is the same as the basic loss per share as the exercise of the share options and the conversion
of convertible notes would result in a decrease in loss per share.
Consolidated Group
2015
$000
2014
$000
i. Reconciliation of earnings to profit or loss:
Loss for the year
(12,460)
(15,880)
Loss attributable to non-controlling equity interest
(529)
(188)
Loss used to calculate basic EPS
(11,931)
(15,692)
Loss used in the calculation of dilutive EPS
(11,931)
(15,692)