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AXIOM MINING LIMITED
ANNUAL REPORT 2015
Company
financial report
for the year ended 30 September 2015
75
Directors’ report
77
Independent auditor’s report
79
Statement of profit or loss and
other comprehensive income
80
Statement of financial position
81
Statement of changes in equity
82
Statement of cash flows
83
Notes to the financial statements
83
1. Corporate information
83
2. Basis of presentation
83
3. Basis of preparation
84
4. Summary of significant accounting policies
89
5. Significant accounting estimates
and assumptions
89
6. Revenue
89
7. Share-based payment
89
8. Finance costs
89
9. Loss before tax
90
10. Income tax
90
11. Cash and cash equivalents
90
12. Prepayment and other receivables
90
13. Amounts due from subsidiaries
91
14. Investment in subsidiaries
92
15. Property, plant and equipment
92
16. Trade and other payables
93
17. Borrowings
93
18. Provisions
94
19. Share capital
97
20. Note to statement of cash flows
97
21. Commitments
98
22. Related parties
98
23. Financial risk management and fair values
100
24. Contingent asset and contingent liabilities
100
25. Events after the reporting period
101
26. Directors remuneration
104
27. Fair Value and fair value hierarchy
of financial instruments
104
28. Approval of the financial statements
All amounts in this financial report are in Australian dollars
unless otherwise stated.
(Incorporated in Hong Kong)