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AXIOM MINING LIMITED
ANNUAL REPORT 2015
53
Notes to the
financial statements
for the year ended 30 September 2015
GROUP FINANCIAL REPORT
6. Loss per share (continued)
Weighted average number of
ordinary shares
2015
No. of shares
2014
No. of shares
Issued ordinary shares at 1 October (Note 16(a))
3,289,552,750 2,335,067,445
Effect of share consolidation*
(3,070,251,090)
Effect of placement of shares
4,773,088 112,415,955
Effect of shares issued as payment for services
210,069
13,689,102
Effect of issue of shares to employees
–
586,667
Effect of issues under exercise of options
1,344,388
6,844,548
Effect of issues under share purchase plan and conversion of convertible notes
13,484,955 106,783,568
Effect of issue under agreement
–
43,680,887
Effect of commencement fee funding
–
5,035,264
Effect of Convertible note security
–
9,493,151
Effect of Rights issue
– 109,423,884
Weighted average number of ordinary shares at 30 September
239,114,160 2,743,020,471
* A share consolidation of Axiom’s capital, on the basis of one share for every fteen shares was completed on 14 April 2015.
7. Cash and cash equivalents
2015
$000
2014
$000
Cash at bank and on hand
1,198
2,170
Short-term bank deposits
34
13
Funds held in trusts
74
121
1,306
2,304
The effective interest rate on short-term bank deposits was 2.15% (2014: 3.54%). These
deposits have an average maturity of 90 days.
Reconciliation of cash
Cash at the end of the financial year as shown in the statement of cash flows is reconciled
to items in the statement of financial position as follows:
Cash and cash equivalents
1,306
2,304
8. Other receivables
2015
$000
2014
$000
Prepayments
165
70
Other receivables
964
1,021
1,129
1,091
Terms and conditions
Other receivables comprise sundry debtors.
Sundry debtors are non-interest bearing and have repayment terms between 30 to 90 days.