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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Additions - - - 408,824 408,824 Foreign exchange difference (746,604) (94,196) (340,703) (73,232) (1,254,735) At 30 June 2014 3,007,123 570,163 1,696,484 8,937,532 14,211,302 Accumulated depreciation At 30 June 2012 (restated) - (110,490) (37,275) - (147,765) Charge for the year - (60,619) (216,933) - (277,552) At 30 June 2013 (restated) - (171,109) (254,208) - (425,317) Charge for the year (125,787) (53,348) (190,910) - (370,045) Impairment (1,811,112) - (1,251,366) (524,000) (3,586,478) Foreign exchange difference - - - - - At 30 June 2014 (1,936,899) (224,457) (1,696,484) (524,000) (4,381,840) Carrying amount At 30 June 2014 1,070,224 345,706 - 8,413,532 9,829,462 At 30 June 2013 (restated) 3,753,727 493,250 1,782,979 8,601,940 14,631,896 At 30 June 2012 (restated) 656,479 525,310 2,014,006 8,296,469 11,492,264
Exploration and evaluation assets were re-classified as land use rights, small scale licence, large scale licence. Deprecation was applied by reference to the period of the licences granted. As a result of the depreciation and reassignment of assets to Land and buildings a prior period adjustment was necessary and this is outlined in note 9.
Incorporated in the Exploration and Evaluation assets is a fair value adjustment of GBP6,885,175 as a result of the acquisition of Enviro Mining Limited on 20 June 2011 and its two subsidiary companies, Enviro Processing Limited and Enviro Props Limited (together "Enviro Group). An impairment of GBP250,000 has been made in relation to the NLL facilitation fee paid as part of the cash consideration at the time. The Enviro Group owns the leasehold rights and title to Stand 5187 containing the stockpiles at Kabwe and the contents of the washplant and leachplant tailings. No further impairment has been made on the fair value on the basis that third party reports and internal evaluation of future income streams allied with the associated production costs generate net present values, using conservative discount rates, which are well in excess of the costs capitalised as intangible assets in the balance sheet.
Net Book Fair Value Fair Value Value of Adjustment GBP Assets Acquired GBP GBP Exploration and evaluation assets 1,332,019 7,135,175 8,467,194 Other net assets acquired 843 - 843 ----------------- ------------ ----------- 1,332,862 7,135,175 8,468,037 Impairment - (250,000) (250,000) ----------------- ------------ ----------- 1,332,862 6,885,175 8,218,037 Deferred tax - (1,855,145) (1,855,145) 1,332,862 5,030,030 6,362,892
12(b). PREPAYMENT FOR NON-CURRENT ASSETS
Group Company GBP GBP At 30 June 2012 5,182,373 3,117,094 Prior year adjustment (3,045,000) (3,045,000) Transfer to Intangible Exploration and Evaluation Assets (2,137,373) - At 30 June 2012 (restated) - 72,094 Transfer to investment in subsidiary - (72,094) Additions 1,181,467 1,181,467 Prior year adjustment (1,181,467) (1,181,467) At 30 June 2013 (restated) - - Additions 36,970 36,970 Provision (36,970) (36,970) At 30 June 2014 - -
The costs of GBP4,226,467 incurred prior to 1 July 2013 in relation to the copper project have been written off in prior years as the directors have concluded that no value can be attributed to the copper assets at the present time and that a significant proportion of the funds expensed on this project were considered to have been misappropriated. Consequently a prior period adjustment has been made as outlined in note 9.
13. PROPERTY PLANT AND EQUIPMENT Land and Motor Vehicles Other Buildings GBP GBP Total GBP GBP GROUP Cost At 30 June 2012 (restated) - 35,757 25,752 61,509 Additions 18,325 44,910 135,632 198,867 Foreign exchange difference (1,923) (787) (153) (2,863) At 30 June 2013 (restated) 16,402 79,880 161,231 257,513 Additions 14,474 46,652 41,071 102,197 Disposals - - (1,516) (1,516) Foreign exchange difference (4,775) (16,107) (21,033) (41,915) At 30 June 2014 26,101 110,425 179,753 316,279 Accumulated depreciation At 30 June 2012 (restated) - (8,945) (15,235) (24,180) Charge for the year - (20,186) (27,140) (47,326) Impairment - - - - Foreign exchange difference - 418 244 662 At 30 June 2013 (restated) - (28,713) (42,131) (70,844) Charge for the year - (24,633) (44,247) (68,880) Impairment - - (59,006) (59,006) Disposals - - 758 758 Foreign exchange difference - 7,677 9,259 16,936 At 30 June 2014 - (45,669) (135,367) (181,036) Carrying amount At 30 June 2014 26,101 64,756 44,386 135,243 At 30 June 2013 (restated) 16,403 51,167 119,100 186,670 At 30 June 2012 (restated) - 26,812 10,517 37,329
During the year to 30 June 2013 an amount of GBP16,402 was reclassified as land and buildings from exploration and evaluation assets and this element is included in the prior period adjustment summarised in note 9.
The carrying amount of motor vehicles held under finance lease amounted to GBP46,654 (2013: GBPnil).
Motor Vehicles Other Total GBP GBP GBP COMPANY Cost At 30 June 2012 (restated) - 15,990 15,990 Additions - 40,929 40,929 At 30 June 2013 (restated) - 56,919 56,919 Additions 46,654 - 46,654 Disposals - (1,516) (1,516) At 30 June 2014 46,654 55,403 102,057 Accumulated depreciation At 30 June 2012 (restated) - (12,871) (12,871) Charge for the year - (780) (780) At 30 June 2013 (restated) - (13,651) (13,651) Charge for the year (6,804) (11,012) (17,816) Disposals - 758 758 At 30 June 2014 (6,804) (23,905) (30,709) Carrying amount At 30 June 2014 39,850 31,498 71,348 At 30 June 2013 (restated) - 43,268 43,268 At 30 June 2012 (restated) - 3,119 3,119
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