INDUS ENERGY NL AND CONTROLLED ENTITIES ABN 22 009 171 046
INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2015
INDUS ENERGY NL AND CONTROLLED ENTITIES INTERIM FINANCIAL REPORT
Contents
Page
Corporate Directory 3
Directors Report 4
Auditor's Independence Declaration 5
Consolidated Condensed Statement of Profit or Loss and Other Comprehensive Income 6
Consolidated Condensed Statement of Financial Position 7
Consolidated Condensed Statement of Changes in Equity 8
Consolidated Condensed Statement of Cash Flows 9
Condensed Notes to the Consolidated Financial Statements 10
Directors' Declaration 14
Independent Review Report 15
CORPORATE DIRECTORY
Directors | John Simpson Anthony Milewski Jonathan Whyte | Non-Executive Chairman Managing Director Non-Executive Director |
Chief Operating Officer Company Secretary | Ken Bull Jonathan Whyte |
Registered and Principal Office Unit 17, Level 2, 100 Railway Road
Subiaco WA 6008
PO Box 8129
Subiaco East WA 6008
Telephone: +61 8 9380 9920
Facsimile: +61 8 9381 5064 Website: www.indusenergy.com.au
Share Registry Computershare Investor Services Pty Ltd Level 11
172 St Georges Terrace Perth WA 6000
Auditors PKF Mack
4th Floor
35 Havelock Street West Perth WA 6005
Stock Exchange Indus Energy NL is a public company listed on the Australian Securities Exchange and incorporated in Western Australia.
ASX Codes IND - Ordinary Fully Paid Shares INDO - Listed Options
DIRECTORS REPORT
Your Directors submit the financial report of Indus Energy NL ('the Company' or 'Indus') and controlled entities (the consolidated entity) for the half-year ended 31 December 2015.
DIRECTORS
The Directors of the Company in office at any time during or since the end of the half-year are as follows. Directors were in office for this entire period unless otherwise stated.
John Simpson Non-Executive Chairman
Anthony Milewski Managing Director
Jonathan Whyte Non-Executive Director
REVIEW AND RESULTS OF OPERATIONS
The net loss of the consolidated entity for the half year ended 31 December 2015 was $321,648 (2014:
$1,409,751).
Acquisition Opportunities
The Company continues actively to review acquisition opportunities, both in oil and gas and other sectors. Several acquisition opportunities reviewed previously were either deemed unsuitable for the Company or insufficiently attractive to warrant further review.
In a very difficult commodities market and faced with a falling oil price, the Board is reviewing a wide range of opportunities and is ultimately committed to finding a project that can deliver value to the Company and its shareholders. Preliminary due diligence is being conducted to determine the viability of some of these opportunities.
CORPORATE
Cost Reduction Measures
The Company continues to keep all expenditure and overheads to a minimum and will maintain this policy until such point as the Company is fully engaged in operational activity. The main expenditures for the half-year were annual compliance and administration costs.
SUBSEQUENT EVENTS
There are not any matters or circumstances that have arisen since the end of the reporting date and the date of this report which significantly affects or may significantly affect the results of the operations of the Company which have not been disclosed in Company announcements.
AUDITOR'S INDEPENDENCE DECLARATION
The auditor's independence declaration under section 307C of the Corporations Act 2001 is set out on page 5 of this report.
Signed in accordance with a resolution of the Board of Directors.
Anthony Milewski Managing Director
14 March 2016
Indus Energy NL issued this content on 15 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 March 2016 01:51:41 UTC
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