We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Forte Energy | LSE:FTE | London | Ordinary Share | AU000000FTE4 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0029 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFTE Half-year Report Forte Energy NL ACN 009 087 852 AIM Release 10 June 2016 HALF-YEAR REPORT Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE) advises that it has released its Half-Year Financial Report for 2015. The report is available electronically in pdf format for downloading at the Company's website (www.forteenergy.com.au). .......... Murray Wylie Company Secretary For further information contact: Mark Reilly, Managing Director Forte Energy NL Tel: +61 (0) 8 9322 4071 Oliver Morse RFC Ambrian Ltd Tel: +61 (0) 8 9480 2500 (AIM Nominated Adviser to the Company) Forte Energy NL Suite 3, Level 3 1292 Hay Street West Perth WA 6005 Ph: +61 (0)8 9322 4071 Fax: +61 (0)8 9322 4073 Email: info@forteenergy.com.au Web: www.forteenergy.com.au Forte Energy NL ABN 59 009 087 852 SUMMARY FINANCIAL STATEMENTS HALF-YEAR FINANCIAL REPORT 31 DECEMBER 2015 Forte Energy NL Suite 3 Level 3 1292 Hay Street West Perth WA 6005 AUSTRALIA FORTE ENERGY NL (ABN 59 009 087 852) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF-YEARED 31 DECEMBER 2015 Notes 2015 2014 $ $ Revenue 4 808 504 Other income 5 - 144 Expenses 6 (1,777,415) (2,627,152) Loss before income tax (1,776,607) (2,626,504) Income tax expense - - Loss after income tax (1,776,607) (2,626,504) Net loss for the period (1,776,607) (2,626,504) Other comprehensive profit/(loss) Items that may be reclassified subsequently to profit and loss: Foreign currency translation 4,037 (8,371) Other comprehensive profit/(loss) for the period net of tax 4,037 (8,371) (1,772,570) (2,634,875) TOTAL COMPREHENSIVE LOSS FOR THE PERIOD ATTRIBUTABLE TO MEMBERS OF FORTE ENERGY NL Loss per share attributable to the ordinary equity holders of the Company (cents per share) - basic loss per share (0.04) (0.15) - diluted loss per share (0.04) (0.15) This statement of comprehensive income should be read in conjunction with the accompanying notes. FORTE ENERGY NL (ABN 59 009 087 852) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2015 Notes 31 December 2015 30 June 2015 $ $ ASSETS Current Assets Cash and cash equivalents 7 80,650 215,095 Trade and other receivables 9 67,280 261,736 Prepayments 6,972 23,615 Held for trading 16 46,291 106,578 Total Current Assets 201,193 607,024 Non-current assets Available-for-sale financial assets 16 11,644 12,892 Exploration and evaluation expenditure 10 - 444,383 Plant and equipment 11 8,624 29,036 Total Non-Current Assets 20,268 486,311 TOTAL ASSETS 221,461 1,093,335 LIABILITIES Current Liabilities Trade and other payables 224,401 630,284 Income tax payable 36,768 37,218 Provisions 45,576 45,976 Loan from related party 18 45,962 23,839 Derivative financial liability 13 217,694 620,886 Total Current Liabilities 570,401 1,358,203 Non-Current Liabilities Convertible loan notes 13 490,134 743,565 Derivative financial instruments - Warrants 17 4,799 132,085 Provisions 25,920 24,119 Total Non-Current Liabilities 520,853 899,769 TOTAL LIABILITIES 1,091,254 2,257,972 NET LIABILITIES (869,793) (1,164,637) EQUITY Issued capital 14 95,548,136 93,480,722 Reserves 2,208,056 2,204,019 Accumulated losses (98,625,985) (96,849,378) TOTAL DEFICIENCY (869,793) (1,164,637) This statement of financial position should be read in conjunction with the accompanying notes. FORTE ENERGY NL (ABN 59 009 087 852) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF -YEARED 31 DECEMBER 2015 Contributed Accumulated Equity Foreign Total equity losses benefits currency equity reserve translation $ $ $ $ $ At 1 July 2015 93,480,722 (96,849,378) 2,521,606 (317,587) (1,164,637) - (1,776,607) - - (1,776,607) Loss for the period Other comprehensive income - - - 4,037 4,037 Total comprehensive income for the - (1,776,607 - 4,037 (1,772,570) half-year net of tax ) Equity transactions: Issue of ordinary shares 2,075,503 - - - 2,075,503 Transaction costs (8,089) - - - (8,089) Balance at 95,548,136 (98,625,985) 2,521,606 (313,550) (869,793) 31 December 2015 At 1 July 2014 89,160,792 (62,187,922) 2,521,606 (355,215) 29,139,261 - (2,626,504) - - (2,626,504) Loss for the period Other comprehensive income - - - (8,371) (8,371) Total comprehensive income for the - (2,626,504 - (8,371) (2,634,875)
half-year net of tax ) Equity transactions: Issue of ordinary shares 3,316,830 - - - 3,316,830 Transaction costs (37,753) (37,753) Balance at 92,439,869 (64,814,426) 2,521,606 (363,586) 29,783,463 31 December 2014 This statement of changes in equity should be read in conjunction with the accompanying notes. FORTE ENERGY NL (ABN 59 009 087 852) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2015 2015 2014 $ $ Cash flows from operating activities Payments to suppliers and employees (307,792) (417,735) Interest and other income received 808 489 Interest and other costs of finance paid - (73,169) Net cash flows used in operating activities (306,984) (490,415) Cash flows from investing activities Payment for 50% equity investment in Slovak entities - (639,630) Payment for exploration and evaluation expenditure (6,738) (32,607) Proceeds from sale of held for trading investments - 397,577 Net cash flows used in investing activities (6,738) (274,660) Cash flows from financing activities Proceeds from borrowings 174,458 1,160,140 Repayment of borrowings - (2,213) Proceeds from issue of shares - 320,000 Transaction costs on issue of shares - (14,658) Net cash flows from financing activities 174,458 1,463,269 Net increase in cash and cash equivalents (139,264) 698,194 Effects of exchange rate changes on cash and cash equivalents 4,819 3,957 Cash and cash equivalents at beginning of the period 215,095 92,467 Cash and cash equivalents at end of period 80,650 794,618 This statement of cash flow should be read in conjunction with the accompanying notes. Please note that the complete Half-Year Report is available at the Company's website: www.forteenergy.com.au Forte Energy NL
(END) Dow Jones Newswires
June 10, 2016 09:23 ET (13:23 GMT)
1 Year Forte Energy Chart |
1 Month Forte Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions