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6fd8796b-0e91-4695-8885-70ac87d75638.pdf
West African Resources Limited
(ABN 70 121 539 375)
CONSOLIDATED INTERIM FINANCIAL STATEMENTS
for the three and nine months ended 31 March 2016
Registered Office
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Principal place of business
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14 Southbourne Street
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14 Southbourne Street
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Scarborough
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Scarborough
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Western Australia 6019
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Western Australia 6019
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Ph: +61 (8) 9481 7344
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Ph: +61 (8) 9481 7344
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Fax: +61 (8) 9481 7355
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Fax: +61 (8) 9481 7355
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Website
www.westafricanresources.com
Email
[email protected]
NOTICE TO READERS
The accompanying unaudited condensed consolidated interim financial statements of West African Resources Ltd. (the "Company") have been prepared by and are the responsibility of the Company's management. These condensed consolidated interim financial statements for the three and nine months ended 31 March 2016 have not been reviewed or audited by the Company's independent auditors. All amounts are stated in Australian Dollars.
Richard Hyde Simon Storm
Managing Director/ Chief Financial Officer
Chief Executive Officer
Perth
Western Australia
Date: 13 May 2016
TABLE OF CONTENTS
Page
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1.
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Consolidated Statement of Financial Position
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1
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2.
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Consolidated Statement of Profit or Loss and Other Comprehensive Income
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2
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3.
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Consolidated Statement of Cash Flows
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3
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4.
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Consolidated Statement of Changes in Equity
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4
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5.
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Notes to Consolidated Interim Financial Statements
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5
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Note
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Consolidated
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31-Mar-16
Unaudited
$
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30-Jun-15
Audited
$
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2016
CURRENT ASSETS
Cash and cash equivalents
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3
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1,376,852
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3,511,892
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Trade and other receivables
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58,881
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81,983
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Financial assets
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34,161
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34,161
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Total Current Assets
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1,469,894
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3,628,036
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NON-CURRENT ASSETS
Plant & equipment
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4
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94,601
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182,035
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Total Non-Current Assets
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94,601
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182,035
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TOTAL ASSETS
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1,564,495
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3,810,071
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CURRENT LIABILITIES
Trade and other payables
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5
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737,861
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668,450
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Borrowings
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6
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6,578,947
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-
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Total Current Liabilities
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7,316,808
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668,450
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NON-CURRENT LIABILITIES
Borrowings
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6
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-
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6,493,506
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Total Non-current Liabilities
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-
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6,493,506
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TOTAL LIABILITIES
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7,316,808
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7,161,956
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NET (LIABILITIES)/ASSETS
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(5,752,313)
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(3,351,885)
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EQUITY
Issued capital
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7
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34,491,756
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32,173,325
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Reserves
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8
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5,546,059
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5,221,990
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Accumulated losses
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(45,790,128)
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(40,747,200)
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TOTAL (DEFICIT)/EQUITY
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(5,752,313)
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(3,351,885)
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The accompanying notes are an integral part of these consolidated interim financial statements
1
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