Unaudited - prepared by management
For the three month period ended 31 March 2017(Expressed in US$000's)
NOTICE OF NO AUDITOR REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTSThe accompanying unaudited condensed interim consolidated financial statements of the Company have been
prepared by and are the responsibility of the Company's management.
The Company's independent auditor has not performed a review of these condensed interim consolidated financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity's auditor.
MINCO plc CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTSUnaudited - prepared by management
For the three month period ended 31 March 2017INDEX PAGE
Condensed Interim Consolidated Statements of Financial Position 1
Condensed Interim Consolidated Statements of Operations and Comprehensive (Income) Loss 2
Condensed Interim Consolidated Statements of Changes in Equity 3
Condensed Interim Consolidated Statements of Cash Flows 4
Notes to the Condensed Interim Consolidated Financial Statements 5- 15
MINCO PLC CONDENSED INTERIM CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2017Unaudited - prepared by management
Expressed in US$000's Assets | Notes | March 31, 2017 (unaudited) $ | December 31, 2016 (audited) $ |
Non-current assets | |||
Exploration and evaluation assets | 10 | 13,104 | 12,863 |
Investment in associate - note receivable | 11 | 590 | 559 |
Prepaid expenses and other non-current assets | 9 | 9 | |
Total non-current assets | 13,703 | 13,431 | |
Current assets | |||
Trade and other receivables | 12 | 163 | 147 |
Cash and cash equivalents | 13 | 2,006 | 2,351 |
Total current assets | 2,169 | 2,498 | |
Total assets | 15,871 | 15,929 | |
Equity and liabilities | |||
Capital and reserves | |||
Share capital | 15 | 9,767 | 9,767 |
Share premium | 29,790 | 29,790 | |
Capital conversion reserve fund | 39 | 39 | |
Foreign currency translation reserve | (3,183) | (3,324) | |
Share-based payment reserve | 16 | 209 | 209 |
Retained deficit | (21,334) | (21,115) | |
Total equity | 15,288 | 15,366 | |
Current liabilities | |||
Trade and other payables | 14 | 584 | 563 |
Total current l iabilities | 584 | 563 | |
Total equity and liabilities | 15,872 | 15,929 | |
COMMITMENTS AND CONTINGENCIES (Notes 10) |
The financial statements were approved by the Board of Directors on 26 May 2017 and signed on its behalf by:
Signed "John F. Kearney" , Director Signed " Dan esh K. Var ma" , Director
See accompanying notes to the condensed interim consolidated financial statements
1
MINCO PLC CONDENSED INTERIM CONSOLIDATED STATEMENT OF LOSS AND COMPREHENSIVE LOSS FOR THE THREE MONTH PERIOD ENDED 31 MARCHUnaudited - prepared by management
Expressed in US$000's, except for per share amounts Three months ended 31 March
Notes 2017 2016
Continuing operations | $ | $ | |
General and administrative expenses | (199) | (281) | |
Foreign exchange gain | (32) | (159) | |
Opera ting loss | (231) | (440) | |
Finance income | 12 | 14 | |
Group loss for the period | (219) | (426) | |
Other Comprehensive Income | |||
Exchange differences on translation of foreign operations | 141 | 1,002 | |
Total comprehensive loss for the period | (78) | 576 | |
US Cents per share | US Cents per share | ||
Earnings/(loss) per share | |||
Basic | 9 | (0.05) | (0.09) |
Diluted | 9 | (0.05) | (0.09) |
See accompanying notes to the condensed interim consolidated financial statements
2
Minco plc published this content on 29 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 May 2017 22:36:18 UTC.
Original documenthttp://www.mincoplc.com/fileadmin/user_upload/minco_news/2017/MIOFS31March2017.pdf
Public permalinkhttp://www.publicnow.com/view/517CC8434A0E1DB714C45DB4AC2684E32875E5C3