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PALM Panther Metals Plc

90.50
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Panther Metals Plc LSE:PALM London Ordinary Share IM00BRF2WV49 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% 90.50 88.00 93.00 90.50 90.50 90.50 1,890 08:00:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -953k -0.2355 -3.84 3.66M

Asian Plantations Limited Final Results & Notice -2-

01/07/2014 9:30am

UK Regulatory


Consolidated Income Statement

For the year ended 31 December 2013

 
                                        Note    2013     2012 
                                              USD'000   USD'000 
 
Revenue                                  6      23,763    2,820 
 
Cost of sales                            7    (27,477)  (2,225) 
 
 
Gross (loss)/profit                            (3,714)      595 
 
Other operating income                   8       4,184    2,507 
Administrative expenses                  9     (3,406)  (5,139) 
Other operating expenses                 10    (1,294)  (1,554) 
 
 
Operating loss                                 (4,230)  (3,591) 
 
Finance costs                            11    (7,223)  (3,481) 
 
 
Loss before tax                               (11,453)  (7,072) 
 
Income tax benefit                       13      1,052      193 
 
 
Loss for the year                             (10,401)  (6,879) 
 
 
Attributable to: 
 
Owners of the Company                         (10,400)  (6,879) 
Non-controlling interests                          (1)       -* 
 
 
                                              (10,401)  (6,879) 
 
 
 
Loss per share attributable to owners 
 of the Company (cents per share) 
 
Basic                                    14     (22.3)   (14.8) 
 
Diluted                                  14     (22.3)   (14.8) 
 
 

* Amount less than USD1,000

The accompanying accounting policies and explanatory notes form an integral part of the financial statements.

Consolidated Statement of Comprehensive Income

For the year ended 31 December 2013

 
                                                2013     2012 
                                              USD'000   USD'000 
 
Loss for the year                             (10,401)  (6,879) 
 
Other comprehensive income 
Items that may be reclassified subsequently 
 to profit or loss 
 
Foreign currency translation adjustments       (3,949)    2,453 
 
 
Total comprehensive income for the 
 year, net of tax                             (14,350)  (4,426) 
 
 
Attributable to: 
 
Owners of the Company                         (14,349)  (4,426) 
Non-controlling interests                          (1)       -* 
 
 
                                              (14,350)  (4,426) 
 
 
 

* Amount less than USD1,000

The accompanying accounting policies and explanatory notes form an integral part of the financial statements.

Consolidated Statement of Financial Position

As at 31 December 2013

 
                                           Note    2013       2012 
                                                 USD'000    USD'000 
 
Assets 
 
Non-current assets 
 
Deferred tax assets                         13        511        178 
Property, plant and equipment               15     63,823     53,227 
Biological assets                           16     66,994     55,287 
Land use rights                             17     58,042     53,517 
Goodwill on consolidation                   18      7,099      7,619 
 
 
                                                  196,469    169,828 
 
 
Current assets 
 
Inventories                                 19      1,542      1,724 
Trade and other receivables                 20      6,738      6,714 
Income tax recoverable                                 36         99 
Prepayments                                 21      1,776      2,308 
Cash and short-term deposits                22     10,813     15,785 
 
 
                                                   20,905     26,630 
 
 
Total assets                                      217,374    196,458 
 
 
Equity and liabilities 
 
Equity 
 
Issued capital                              23     89,731     88,594 
Accumulated losses                               (34,045)   (23,645) 
Other reserves                              24   (12,487)    (7,916) 
 
 
Equity attributable to owners of the 
 Company                                           43,199     57,033 
Non-controlling interests                             (4)        (3) 
 
 
Total equity                                       43,195     57,030 
 
 
Non-current liabilities 
 
Loans and borrowings                        25    129,123    102,709 
Convertible bonds                           26     17,420      1,995 
Deferred tax liabilities                    13      5,430      6,556 
 
 
                                                  151,973    111,260 
 
Current liabilities 
 
Trade and other payables                    27     14,279      6,810 
Other current financial liabilities         28      3,078      2,464 
Loans and borrowings                        25      4,819     18,764 
Derivative financial instruments            26         30        130 
 
 
                                                   22,206     28,168 
 
 
Total liabilities                                 174,179    139,428 
 
 
Total equity and liabilities                      217,374    196,458 
 
 
 
 

The accompanying accounting policies and explanatory notes form an integral part of the financial statements.

Consolidated Statement of Changes in Equity

For the year ended 31 December 2013

 
                                                     Attributable to the owners 
                                                           of the Company 
                                             ------------------------------------------ 
                                              Share      Other    Accumulated            Non-controlling 
                                              capital   reserves     losses     Total       interests     Total equity 
                                             USD'000    USD'000     USD'000    USD'000       USD'000        USD'000 
 
At 1 January 2013                              88,594    (7,916)     (23,645)    57,033              (3)        57,030 
 
 
Loss for the year                                   -          -     (10,400)  (10,400)              (1)      (10,401) 
 
Other comprehensive income 
Foreign currency translation adjustments            -    (3,949)            -   (3,949)                -       (3,949) 
 
 
Total comprehensive income for the year             -    (3,949)     (10,400)  (14,349)              (1)      (14,350) 
 
Issuance of ordinary shares pursuant to 
 share-based 
 payment plans                                  1,137      (826)            -       311                -           311 
 
Share-based payment transactions (Note 29)          -        204            -       204                -           204 
 
 
At 31 December 2013                            89,731   (12,487)     (34,045)    43,199              (4)        43,195 
 
 
 
 

Consolidated Statement of Changes in Equity

For the year ended 31 December 2013 (cont'd)

 
                                                     Attributable to the owners 
                                                            of the Company 
                                              ----------------------------------------- 
                                               Share      Other    Accumulated           Non-controlling 
                                               capital   reserves     losses     Total      interests     Total equity 
                                              USD'000    USD'000     USD'000    USD'000      USD'000        USD'000 
 
At 1 January 2012                               87,321   (11,430)     (16,769)   59,122                -        59,122 
 
 
Loss for the year                                    -          -      (6,879)  (6,879)              - *       (6,879) 
 
Other comprehensive income 
Foreign currency translation adjustments             -      2,453            -    2,453                -         2,453 
 
 
Total comprehensive income for the year              -      2,453      (6,879)  (4,426)              - *       (4,426) 
 
Issuance of ordinary shares pursuant to 
 share-based 
 payment plans                                      97       (67)            -       30                -            30 
 
Share-based payment transactions (Note 29)           -      1,128            -    1,128                -         1,128 
 
Issuance of ordinary shares pursuant to 
 conversion 
 of convertible bond                             1,176          -            -    1,176                -         1,176 
 
Dilution of interest in a subsidiary                 -          -            3        3              (3)             - 
 
 
At 31 December 2012                             88,594    (7,916)     (23,645)   57,033              (3)        57,030 
 
 
 
 

* Amount less than USD1,000

The accompanying accounting policies and explanatory notes form an integral part of the financial statements.

Consolidated Statement of Cash Flows

For the year ended 31 December 2013

 
                                                        2013      2012 
                                                      USD'000   USD'000 
 
Operating activities 
Loss before tax                                       (11,453)   (7,072) 
 
Adjustments to reconcile loss before tax 
 to net cash flows: 
   Amortisation of land use rights                       1,002       924 
   Depreciation of property, plant and equipment         1,508       251 
   Gain arising on fair value changes in biological 
    assets                                             (3,183)   (1,989) 
    Gain arising from changes in fair value 
     of embedded 
     derivative of the convertible bonds                 (721)     (172) 
   (Gain)/loss on disposal of property, plant 
    and equipment                                          (6)         1 
   Impairment of goodwill                                    -         5 
   Interest income                                       (245)     (280) 
   Interest expense                                      7,223     3,481 
   Share-based payment transaction expense                  64     1,001 
   Unrealised loss/(gain) on foreign exchange               95     (159) 
 
Working capital adjustments: 

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