6915 search
Hill End Gold Ltd
AUSTRALIA HEG.AX 0,06 AU$ -68,00%
Logo

Full Year Statutory Accounts ( 2.49 MB)

Publié le 08 septembre 2016

ABN 74 072 692 365

FINANCIAL REPORT

30 JUNE 2016

Contents

Page

Corporate Directory ii

Directors' Report 6

Auditor's Independence Declaration 10

Consolidated Statement of Profit & Loss and 11

Other Comprehensive Income

Consolidated Statement of Financial Position 12

Consolidated Statement of Changes in Equity 13

Consolidated Statement of Cash Flows 14

Notes to the Financial Statements 15

Directors' Declaration 38

Independent Audit Report 39

Corporate Governance Statement 41

Shareholder Information 49

Mining Tenements 51

i

CORPORATE DIRECTORY

ii

Directors

Philip Francis Bruce

Executive Chairman / Managing Director

Graham Charles Reveleigh Non-Executive Director

William Joseph Condon Non-Executive Director

Company Secretary

Kevin Martin Lynn

Australian Business Number

74 072 692 365

Sydney / Registered Office

Hill End Gold Limited

Suite 111, 350 George Street

Sydney NSW 2000

Telephone: +61 2 8283 1915

Field Office

4 Bowen Street

Hill End NSW 2850

Telephone: +61 2 6337 8343

Facsimile: + 61 2 6337 8345 www.hillendgold.com.au

Auditor

Moyes Yong

Level 7 Norwich House 6 O'Connell Street

Sydney NSW 2000

Telephone: +61 2 8256 1100

Facsimile: +61 2 8256 1111

Solicitors

Kelly Hazel Quill

Level 15, 440 Collins Street

Melbourne Vic 3000

Telephone: +61 3 9663 9877

Facsimile: +61 3 9009 5494

Bankers

Commonwealth Bank of Australia 48 Martin Place

Sydney NSW 2000

Stock Exchange Listing

Hill End Gold Limited shares are listed on the Australian Securities Exchange (ASX code: HEG)

Share Registry

Boardroom Limited

Level 12, 225 George Street

Sydney NSW 2000

Telephone +61 2 9290 9600

Facsimile: +61 2 9279 0664 www.boardroomlimited.com.au

ABN 74 072 692 365

DIRECTORS' REPORT

The Directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity' or 'Group') consisting of Hill End Gold Limited and the subsidiaries it controlled at the end of, or during, the year ended 30 June 2016.

Directors

The Directors of Hill End Gold Limited during the financial year and until the date of this report are: Philip Francis Bruce (Executive Chairman / Managing Director)

Graham Charles Reveleigh (Non-Executive Director)

William Joseph Condon (Non-Executive Director) appointed 6 July 2015 Quah Su-Yin (Non-Executive Director) resigned 27 October 2015

Denis Edmund Clarke (Chairman) resigned 19 January 2016

Principal Activities

The principal activities of the Group during the financial year were exploration activities on its New South Wales tenements and the assessment of resources acquisition opportunities with significant potential.

There were no significant changes in the nature of the principal activities during the year.

Review of Operations

The Group incurred a pre-tax operating loss of $1,389,381 (2015: loss $4,183,995). This result includes:

  • a loss of $281,258 at the Hill End site due to administration and depreciation of site plant and equipment

  • exploration expensed and written off of $300,384, and

  • impairment of development properties of $55,876.

    No dividend has been paid since the end of the previous financial year and no dividend is recommended for the current year (2015 - nil).

    The net assets of the Group have decreased by $1,137,485 being the net of:

  • a net increase in capital and reserves of $251,896,

  • the operating loss for the year of $1,389,381, and The capital structure of the Group at signing date is:

  • 1,452,264,885 fully paid ordinary shares (HEG);

  • 37,500,000 unlisted director options exercisable at 5 cents per share up to 29 November 2017.

Significant Changes in the State of Affairs

On 5 August 2015 the Company issued 96,000,062 ordinary shares at $0.0035 per share under a Share Purchase Plan which raised $336,000.

On 29 February 2016 the Company issued 33,555,550 ordinary shares under a non-renounceable rights issue at $0.003 per share which raised $100,666.

A further 44,108,913 ordinary shares were issued to financial advisors during the year in settlement of fees amounting to $83,870.

There were no other significant changes in the state of affairs in the Group during the year.

1

Articles en illimité et contenus premium Je m'abonne
Editoriaux
et Nouvelles
Actions
Minières
Or et
Argent
Marchés La Cote
search 6915
search