Appendix 4E - Results For Announcement to the ASX 2
Auditor's Independence Declaration 29
Corporate Governance Statement 30
Consolidated Statement of Comprehensive Income for the year ended 30 June 2016 41
Consolidated Statement of Financial Position as at 30 June 2016 42
Consolidated Statement of Cash Flows for the Year Ended 30 June 2016 43
Consolidated Statement of Changes in Equity for the Year Ended 30 June 2016 44
Notes to the Consolidated Financial Statements for the Year Ended 30 June 2016 45
Corporate Directory DirectorsPeter Newton (Non - Executive Chairman)
Peter Cook (Executive Director & Chief Executive Officer) Warren Hallam (Executive Director)
Paul Cmrlec (Non-Executive Director) Simon Heggen (Non-Executive Director) Xie Penggen (Non-Executive Director)
Yimin Zhang (Alternative Director for Xie Penggen)
Company Secretary & CFOFiona Van Maanen
Key ManagementPaul Hucker (Chief Operating Officer - SKO and HGO) Grant Brock (Chief Operating Officer - CMGP)
Allan King (General Manager - Bluestone Mines Tasmania Joint Venture) Michael Poepjes (Chief Mining Engineer)
Jake Russell (Chief Geologist)
Registered OfficeLevel 3, 18 - 32 Parliament Place West Perth WA 6005
Phone: +61 8 9220 5700
Fax: +61 8 9220 5757
Email: reception@metalsx.com.au Web: www.metalsx.com.au
Postal AddressPO Box 1959
West Perth WA 6872
Securities ExchangeListed on the Australian Securities Exchange ASX Code: MLX
OTCQX Code: MLXEF
Share RegistrySecurity Transfer Registrars Pty Ltd 770 Canning Highway
Applecross WA 6153
Phone: 61-8-9315 2333
Fax: 61-8-9315 2233
E-mail: registrar@securitytransfer.com.au
Domicile and Country of IncorporationAustralia
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Appendix 4E - Results For Announcement to the ASXConsolidated | 30 June 2016 $ | 30 June 2015 $ | Movement $ | Movement % |
Revenue from ordinary activities: | 352,281,354 | 315,250,223 | 37,031,131 | 11.75% |
(Loss)/profit from ordinary activities after tax attributable to members: | (23,624,193) | 40,949,201 | (64,573,394) | -157.69% |
Net (loss)/profit attributable to members: | (23,624,193) | 40,949,201 | (64,573,394) | -157.69% |
Net tangible assets per share: | 0.82 | 0.83 |
This Appendix 4E is to be read in conjunction with the 2016 Annual Financial Report and Director's Report.
DIVIDEND INFORMATIONThe Directors do not propose to pay any dividend for the financial year ended 30 June 2016.
Financial performance | 30 June 2016 $ | 30 June 2015 $ | Movement $ | |
Total revenue | 352,281,354 | 315,250,223 | 37,031,131 | |
Cost of sales | (339,726,697) | (254,907,936) | (84,818,761) | |
Gross profit | 12,554,657 | 60,342,287 | (47,787,630) | |
Net (loss)/profit after tax | (23,624,193) | 40,949,201 | (64,573,394) | |
Cash flows | ||||
Cash flow from operating activities | 62,040,162 | 82,813,166 | (20,773,004) | |
Capital reinvestment | ||||
Property, plant and equipment | (15,688,911) | (8,005,660) | (7,683,251) | |
Mine properties and development | (86,476,897) | (43,637,593) | (42,839,304) | |
Exploration and evaluation expenditure | (26,405,423) | (22,044,782) | (4,360,641) | |
Financial position | 30 June 2016 $ | 30 June 2015 $ | Movement $ | |
Net assets | 394,908,333 | 346,266,574 | 48,641,759 | |
Cash balance | 39,184,787 | 99,037,845 | (59,853,058) |
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