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AXIOM MINING LIMITED
ANNUAL REPORT 2015
69
Notes to the
financial statements
for the year ended 30 September 2015
GROUP FINANCIAL REPORT
25. Parent entity financial information
The accounting policies of the parent entity that have been applied in determining the financial information shown below
are the same as those applied in the consolidated financial statements. Refer to Note 2 for a summary of the significant
accounting policies relating to the Group.
2015
$000
2014
$000
Financial position
Current assets
1,359
2,586
Total assets
7,556
2,736
Current liabilities
2,347
1,578
Total liabilities
2,347
1,578
Shareholders’ equity
Issued capital
91,433
77,902
Reserves
–
Exchange reserve
(933)
(933)
–
Share-based payment reserve
2,022
1,120
Accumulated losses
(87,313)
(76,931)
5,201
1,158
Financial performance
Loss for the year
(10,382)
(14,845)
Total comprehensive loss for the year
(10,382)
(14,845)
Guarantees entered into by the parent entity in relation to the debts of its subsidiaries
The Company did not issue any shares as collateral security on issue of Convertible Notes during the year (2014: 15,000,000).
Commitments for the acquisition of property, plant and equipment by the parent entity
Nil (2014: nil)