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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bmr Group | LSE:BMR | London | Ordinary Share | GB00BWV0F181 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.90 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
As a result of exploration activities the Group is required to make provision for rehabilitation. Signi cant uncertainty exists as to the amount of rehabilitation obligations which may be incurred due to the impact of possible changes in environmental legislation. Due to the early stage of exploration activity no signi cant damage has been caused and, therefore, no provision has been recognised at 30 June 2014 (2013: GBPnil) in the Group and the Company balance sheets.
iv) Share based compensation
In order to calculate the charge for share-based compensation as required by IFRS 2, the Group makes estimates principally relating to the assumptions used in its option-pricing model as set out in note 19.
5. SEGMENTAL REPORTING
Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments and making strategic decision, has been identified as the Board of Directors. The Board of Directors considers there to be only one operating segment, the exploitation and development of mineral resources and only two geographical segments being Zambia and the UK.
The geographical split of loss and assets and liabilities are as follows:
UK Zambia Total GBP GBP GBP 2014 Loss before tax (5,112,241) (4,156,454) (9,268,695) Non-current assets Intangible exploration and evaluation assets - 9,829,462 9,829,462 Property, plant and equipment 71,348 63,895 135,243 71,348 9,893,357 9,964,705 Current assets Trade and other receivables 100,107 18,014 118,121 Cash and cash equivalents 685,795 64,900 750,695 785,902 82,914 868,816 Total assets 857,250 9,976,271 10,833,521 Current liabilities 877,398 13,738 891,136 Non-current liabilities - 1,855,145 1,855,145 Net assets (20,148) 8,107,388 8,087,240 2013 (restated) Loss before tax (2,161,123) (462,487) (2,623,610) Non-current assets Intangible exploration and evaluation assets - 14,631,896 14,631,896 Property, plant and equipment 43,268 143,402 186,670 43,268 14,775,298 14,818,566 Current assets Trade and other receivables 186,461 228,171 414,632 Cash and cash equivalents 259,808 37,485 297,293 446,269 265,656 711,925 Total assets 489,537 15,040,954 15,530,491 Current liabilities 222,735 12,955 235,690 Non-current liabilities - 1,855,145 1,855,145 Net assets 266,802 13,172,854 13,439,656 6. LOSS FOR THE YEAR
The loss for the year has been arrived at after charging / (crediting)
2014 2013 GBP GBP Depreciation of property, plant and equipment (note12) 307,987 47,327 Amortisation of intangibles 370,045 277,552 Impairment write down and provision ** 4,570,064 984,307 Operating lease costs (Office rental costs) 130,613 83,788 Staff costs (note 8) 284,142 289,367 Share based payment charge 1,650,828 - Net foreign exchange loss/(gain) 828,036 (38,257) Finance income (583) (6,161) ----------- ---------- **Impairment write and provision arising from:- * Intangibles exploration and evaluation assets impairment write down (note 12a) 3,586,478 - * Prepayment for non-current assets impairment write down (note 12b) 36,970 1,181,467 * Property, plant and machinery impairment write down (note 13) 59,006 - * Other receivables write off 619,119 - * Other payable provision /(write back) 268,491 (197,160) ----------- ---------- 4,570,064 984,307 ----------- ---------- 7. AUDITORS' REMUNERATION
Amounts payable in respect of audit of the Company's annual accounts were GBP30,000 (2013: GBP14,000).
8. STAFF COSTS 2014 2013 Number Number Directors 3 3 Consultant 1 1 Support staff (including Zambia employees) 30 18 -------- -------- The average monthly number of employees 34 22 -------- -------- GBP GBP ---------------------------------------- -------- -------- Their aggregate remuneration comprised Wages and salaries 290,045 256,889 Pension 12,000 12,000 ---------------------------------------- -------- -------- Social security costs 17,903 20,478 ---------------------------------------- -------- -------- 284,142 289,367 -------- --------
Included within staff costs GBP162,511 (2013: GBP137,148) relates to amounts in respect of Directors.
9(a). PRIOR PERIOD ADJUSTMENT (GROUP) 2013 Previously 2013 Restated Stated Adjustment 2013 GBP GBP GBP Loss for the year Administrative expenses (1,254,194) (1,261,859) (2,516,053) Loss for the year after taxation (1,248,033) (1,261,859) (2,509,892) Other comprehensive loss Exchange translation differences on foreign operations (524,682) 281,532 (243,150) Total comprehensive loss for the year (1,772,715) (980,327) (2,753,042) Net Assets Non-current assets Intangible exploration and evaluation assets 15,252,295 (620,399) 14,631,896 Property, plant and equipment 170,267 16,403 186,670 Prepayment for non-current assets 4,226,467 (4,226,467) - 19,649,029 (4,830,463) 14,818,566 Current assets Trade and other receivables 414,632 - 414,632 Cash and cash equivalents 297,293 - 297,293 711,925 - 711,925 Total assets 20,360,954 (4,830,463) 15,530,491 Current liabilities Trade and other payables 432,850 (197,160) 235,690 Total current liabilities 432,850 (197,160) 235,690 Non-current liabilities Deferred tax 1,973,482 (118,337) 1,855,145 Total non-current liabilities 1,973,482 (118,337) 1,855,145 Total liabilities 2,406,332 (315,497) 2,090,835 Net assets 17,954,622 (4,514,966) 13,439,656 Translation reserve (272,357) (60,342) (332,699) Retained earnings (21,335,668) (3,815,523) (25,151,191) Total equity 17,954,622 (4,514,966) 13,439,656
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