ANNUAL REPORT 2006

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 23: TRANSITION TO AIFRS (continued)
Income Statement reflecting reconciliation of adjustments to AIFRS for the year ended 30 June 2005
Note Consolidated Parent
AGAAP
$
AIFRS
Impact
$
AIFRS
$
AGAAP
$
AIFRS
Impact
$
AIFRS
$
Revenue 125,584 - 125,584 64,005 - 64,005
Other income 900 - 900 900 - 900
Exploration
expenditure (670,201) - (670,201) (431,901) - (431,901)
Impairment of loan to
subsidiaries - - - (376,099) - (376,099)
Employee benefits
expense 23(a) (46,489) (701,419) (747,908) (46,489) (701,419) (747,908)
Depreciation and
amortisation expense (75,259) - (75,259) (71,931) - (71,931)
Other expenses (1,819,489) - (1,819,489) (1,623,439) - (1,623,439)
Loss before income
tax expense (2,484,954) (701,419) (3,186,373) (2,484,954) (701,419) (3,186,373)
Income tax expense - - - - - -
Loss after tax (2,484,954) (701,419) (3,186,373) (2,484,954) (701,419) (3,186,373)
Loss attributable to
minority interest - - - - - -
Net loss attributable
to members of parent (2,484,954) (701,419) (3,186,373) (2,484,954) (701,419) (3,186,373)
Total Changes in
equity other than
those resulting from
transactions with
owners as owners (2,484,954) (701,419) (3,186,373) (2,484,954) (701,419) (3,186,373)
Basic earnings per share
(cents per share) (2.7) (3.5)
Diluted earnings per
share (cents per share) (2.7) (3.5)
(a)
Share based payments
For the financial year ended 30 June 2005, share based payments of $701,419 (included in ‘employee
benefits expense’) which were not recognised under previous AGAAP were recognised under AIFRS, with
an increase in the employee benefits reserve of $854,555 and a carrying amount of other financial assets of
$153,136.
These adjustments had no material tax or deferred tax consequences.
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