we have not received all the information and explanations we require for our
audit; or
a Corporate Governance Statement has not been prepared by the company.
Under the Listing Rules we are required to review:
the directors' statement, set out on page 8, in relation to going concern; and
the part of the Corporate Governance Statement relating to the company's
compliance with the nine provisions of the UK Corporate Governance Code
specified for our review.
Under the International Standards on Auditing (ISAs) (UK and Ireland), we are
required to report to you if, in our opinion, information in the annual report
is:
materially inconsistent with the information in the audited financial
statements; or
apparently materially incorrect based on, or materially inconsistent with, our
knowledge of the company acquired in the course of performing our audit; or
otherwise misleading.
In particular we are required to consider whether we have identified any
inconsistencies between our knowledge acquired during the audit and the
directors' statement that they consider the annual report is fair, balanced
and understandable and whether the annual report discloses those matters that
we communicated to the audit committee which we consider should have been
disclosed.
Respective responsibilities of directors and auditor
As explained more fully in the Directors' Responsibilities Statement on page
9, the directors are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view.
Our responsibility is to audit and express an opinion on the financial
statements in accordance with applicable law and ISAs (UK and Ireland). Those
standards require us to comply with the Auditing Practices Board's Ethical
Standards for Auditors. This report is made solely to the company's members as
a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our
audit work has been undertaken so that we might state to the company's members
those matters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and the company's
members as a body for our audit work, for this report, or for the opinions we
have formed.
Richard Metcalfe (Senior Statutory Auditor)
for and on behalf of Mazars LLP
Chartered Accountants and Statutory Auditor
Tower Bridge House, St. Katharine's Way, London, E1W 1DD
Date: 30 July 2014
Group income statement
All attributable to equity holders of the company
Year ended 31 Year ended 31
Notes March 2014 March 2013
All operations are continuing GBP GBP
Revenue - -
Expenses (353,455) (398,428)
Share of loss of associate - (4,572,320)
Losses on deemed disposals in associate - (6,793,789)
Loss on reclassification of associate as an investment - (16,149,722)
Impairment of investment 14 (5,451,267) (3,791,439)
Exchange difference on investment impairment 14 (1,255,280) 321,186
Investment income 6 2,630 36,941
Finance costs 7 (112,590) (115,023)
Foreign exchange (loss)/gain (3,741) 11,196
Loss before tax 4 (7,173,703) (31,451,398)
Tax 8 - -
Loss for the period (7,173,703) (31,451,398)
Loss per share
Basic - pence per share 9 (4.5)p (19.7)p
Diluted - pence per share 9 (4.5)p (19.7)p
Group consolidated statement of comprehensive income
Loss for the period (7,173,703) (31,451,398)
Other comprehensive income:
Exchange difference on translation - 975,771
of foreign holding in year
Exchange difference on translation - (4,216,941)
offoreign holding
Total comprehensive loss (7,173,703) (34,692,568)
for the year
Statement of financial position of the group
31 March 2014 31 March 2013
Notes GBP GBP
Assets
Non-current assets
Mineral property exploration and evaluation 10 14,802,048 14,753,566
Property, plant and equipment 11 204,687 204,687
Investment 14 1,257,985 7,964,532
Deposit 15 122,596 122,204
16,387,316 23,044,989
Current assets
Other receivables 16 17,017 40,239
Cash and cash equivalents 17 289,097 670,345
306,114 710,584
Total assets 16,693,430 23,755,573
Liabilities
Current liabilities
Trade and other payables 18 (99,647) (100,677)
17
(99,647) (100,677)
Net current assets 206,467 609,907
Non-current liabilities
Loan 19 (2,418,873) (2,306,283)
Long term provision 20 (42,000) (42,000)
(2,460,873) (2,348,283)
Total liabilities (2,560,520) (2,448,960)
Net assets 14,132,910 21,306,613
Equity
Share capital 21 7,116,914 7,116,914
Share premium 9,848,949 9,848,949
Retained (losses)/earnings (2,832,953) 4,340,750
Total shareholders' equity 14,132,910 21,306,613
The financial statements of Anglesey Mining plc were approved by the board of
directors, authorised for issue on 30 July 2014 and signed on its behalf by:
John F. Kearney, Chairman
Danesh Varma, Finance Director
Statement of financial position of the company
31 March 2014 31 March 2013
Notes GBP GBP
Assets
Non-current assets
Investments 13 13,977,564 13,956,680
13,977,564 13,956,680
Current assets
Other receivables 16 13,793 26,102
Cash and cash equivalents 17 267,045 623,215
280,838 649,317
Total Assets 14,258,402 14,605,997
Liabilities
Current liabilities
Trade and other payables 18 (86,007) (70,516)
(86,007) (70,516)
Net current assets 194,831 578,801
Non-current liabilities
Loan 19 (2,418,873) (2,306,283)
(2,418,873) (2,306,283)
Total liabilities (2,504,880) (2,376,799)
Net assets 11,753,522 12,229,198
Equity
Share capital 21 7,116,914 7,116,914
Share premium 9,848,949 9,848,949
Retained losses (5,212,341) (4,736,665)
Shareholders' equity 11,753,522 12,229,198
The financial statements of Anglesey Mining plc registered number 1849957 were
approved by the board of directors and authorised for issue on 30 July 2014,
and signed on its behalf by:
John F. Kearney, Chairman
Danesh Varma, Finance Director
Statements of changes in equity
All attributable to equity holders of the company.
Group Share Share Currency Retained Total
capital premium translation (losses)/
reserve earnings
GBP GBP GBP GBP GBP
Anglesey Mining (LSE:AYM)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Anglesey Mining (LSE:AYM)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024