ANNUAL REPORT 2006

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P L AT I N U M A U S T R A L I A A N N U A L R E P O R T 2 0 0 6 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006 NOTE 13: CONTRIBUTED EQUITY AND RESERVES (continued) Movements during the Year No of shares $ Fully Paid Shares Balance at 30 June 2004 81,391,218 22,936,942 Options Conversions (30.11.06 @ 20c) Options Conversions (01.09.04 @ 20c) Placement (November 2004) Placement (December 2004) Share issue costs Balance at 30 June 2005 21,053 4,212 252 48 12,200,000 2,440,000 6,000,000 1,200,000 - (194,200) 99,612,523 26,387,002 Placement (July 2005) Purchase payments Placement (October 2005) Unlisted options conversion Placement (December 2005) Placement (May 2005) Options conversions Share issue costs Balance at 30 June 2006 25,000,000 2,750,000 450,000 63,000 18,300,000 3,660,000 200,000 40,000 11,700,000 2,340,000 22,235,399 21,123,628 1,517,359 303,472 - (1,480,297) 179,015,281 55,186,805 Terms and conditions Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholders’ meetings. In the event of winding up of the parent entity, ordinary shareholders rank after all creditors and are fully entitled to any proceeds of liquidation. Accumulated losses: Consolidated Parent 2006 $ Balance at the beginning of the year (24,552,957) (21,366,584) (24,552,957) (21,366,584) Loss from ordinary activities (5,002,251) (3,186,373) (7,810,550) (3,186,373) Balance at the end of the year (29,555,208) (24,552,957) (32,363,507) (24,552,957) 2005 $ 2006 $ 2005 $ page 58
NOTE 13: CONTRIBUTED EQUITY AND RESERVES (continued) Reserves: Consolidated Parent Equity Benefits Reserve Foreign Currency Translation Reserve Total Equity Benefits Reserve At 1 July 2004 - - - - - Currency translation differences - - - - - Share based payments 854,555 - 854,555 854,555 854,555 At 30 June 2005 854,555 - 854,555 854,555 854,555 Total A N N U A L R E P O R T 2 0 0 6 Currency translation differences - (145,940) (145,940) - - Share based payments 339,124 - 339,124 339,124 339,124 At 30 June 2006 1,193,679 (145,940) 1,047,739 1,193,679 1,193,679 Employee equity benefits reserve This reserve is used to record the value of equity benefits provided to employees and directors as part of their remuneration. Refer to Note 10 for further details of these plans. Foreign currency translation reserve The foreign currency translation reserve is used to record exchange differences arising from the translation of the financial statements of foreign subsidiaries. Minority Interests: Interest in: 2006 $ Consolidated 2005 $ 2006 $ Parent 2005 $ Accumulated losses 2,662,359 - - - 2,662,359 - - - page 59
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ANNUAL REPORT 2006
Page 3 and 4:
ITEM PAGE Chairman’s Report 2 Rev
Page 5 and 6:
Interpretation of detailed aeromagn
Page 7 and 8:
PLATINUM GROUP METALS Platinum Aust
Page 9 and 10: Project Development PLA has complet
Page 11 and 12: • Cash Operating Cost of US$226/o
Page 13 and 14: Project Development Platinum Austra
Page 15 and 16: A N N U A L R E P O R T 2 0 0 6 Pan
Page 17 and 18: The Board is responsible for settin
Page 19 and 20: The Chairman of the Board will chai
Page 21 and 22: DIRECTORS’ REPORT The directors o
Page 23 and 24: 3. PRINCIPAL ACTIVITIES The princip
Page 25 and 26: B Details of Remuneration (this inf
Page 27 and 28: Milestone 1 was achieved in July 20
Page 29 and 30: 13. ENVIRONMENTAL COMPLIANCE The Co
Page 31 and 32: CONSOLIDATED INCOME STATEMENT FOR T
Page 33 and 34: CONSOLIDATED CASH FLOW STATEMENT FO
Page 35 and 36: CONSOLIDATED STATEMENT OF CHANGES I
Page 37 and 38: NOTE 1: STATEMENT OF SIGNIFICANT AC
Page 49 and 50: NOTE 3: INCOME TAX Consolidated 200
Page 51 and 52: NOTE 4: SEGMENT REPORTING (continue
Page 53 and 54: NOTE 6: CASH AND CASH EQUIVALENTS 2
Page 55 and 56: NOTE 7: RECEIVABLES Current 2006 $
Page 57 and 58: NOTE 9: PROPERTY, PLANT AND EQUIPME
Page 59: NOTE 10: SHARE BASED PAYMENT PLANS
Page 63 and 64: NOTE 14: FINANCIAL INSTRUMENT DISCL
Page 65 and 66: NOTE 17: INTEREST IN ASSOCIATE Name
Page 67 and 68: NOTE 22: KEY MANAGEMENT PERSONNEL D
Page 69 and 70: NOTE 23: TRANSITION TO AIFRS (conti
Page 71 and 72: NOTE 24: CHANGES TO ACCOUNTING STAN
Page 73 and 74: DIRECTORS’ DECLARATION 1. In the
Page 75 and 76: Independence In conducting our audi
Page 77 and 78: SHAREHOLDERS INFORMATION AT 28 SEPT
Page 80: 3rd Floor, 18 Richardson Street Wes
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ANNUAL REPORT 2006

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