Avocet Mining PLC Prospectus December 2011

c105718pu040 Proof 5: 7.12.11_13:40 B/L Revision:
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Total
attributable
to the parent
Noncontrolling
interest
Share
capital
Share
premium
Other
reserve
Retained
Earnings
Total equity
US$000 US$000 US$000 US$000 US$000 US$000 US$000
At 1 April 2008 9,867 52,834 11,454 88,390 162,545 5,665 168,210
Profit/(loss) for the period — — — 24,524 24,524 (292) 24,232
Exchange differences on translation
of foreign operations — — 183 — 183 — 183
Revaluation of other financial assets — — (4,117) — (4,117) — (4,117)
Total comprehensive (expense)/income
for the period — — (3,934) 24,524 20,590 (292) 20,298
Share based payments — — — 130 130 — 130
Issue of shares 37 566 — — 603 — 603
Gain on issue from treasury shares — — — 497 497 — 497
Movement on investments in
treasury and own shares — — 2,036 — 2,036 — 2,036
At 31 March 2009 9,904 53,400 9,556 113,541 186,401 5,373 191,774
(Loss)/ profit for the period — — — (13,032) (13,032) 389 (12,643)
Exchange differences on translation
of foreign operations — — 19 — 19 — 19
Revaluation of other financial assets — — 1,321 — 1,321 — 1,321
Total comprehensive (expense)/income
for the period — — 1,340 (13,032) (11,692) 389 (11,303)
Share based payments — — — 1,337 1,337 — 1,337
Issue of shares 6,000 89,378 — — 95,378 — 95,378
Loss on issue from treasury shares — — — (235) (235) — (235)
Movement on investments in
treasury and own shares — — 425 — 425 — 425
At 31 December 2009 15,904 142,778 11,321 101,611 271,614 5,762 277,376
Profit for the period — — — 14,630 14,630 3,582 18,212
Revaluation of other financial assets — — 12,629 — 12,629 — 12,629
Disposal of other financial assets — — 2,240 — 2,240 — 2,240
Total comprehensive income for the
period — — 14,869 14,630 29,499 3,582 33,081
Share based payments — — — 4,356 4,356 — 4,356
Transfer between reserves — — 1,569 (1,569) — — —
Issue of shares 182 1,793 — — 1,975 — 1,975
Loss on issue from treasury shares — — — (422) (422) (422)
Movement on investments in
treasury and own shares — — 2,873 — 2,873 2,873
At 31 December 2010 16,086 144,571 30,632 118,606 309,895 9,344 319,239
Profit for the period — — — 106,405 106,405 3,564 109,969
Revaluation of other financial assets — — (2,903) — (2,903) — (2,903)
Disposal of other financial assets — — (9,725) — (9,725) — (9,725)
Recycling of foreign exchange
translation reserve on disposal of
subsidiaries (627) — (627) — (627)
Total comprehensive income/(expense)
for the period — — (13,255) 106,405 93,150 3,564 96,714
Share based payments — — — 614 614 — 614
Issue of shares- exercise of share
options 35 — — — 35 — 35
Issue of shares – bonuses 75 3,177 — (3,200) 52 — 52
Issue of shares into EBT 51 2,167 (2,218) — — — —
Non-controlling interest share of
dividend from subsidiary — — — — — (2,000) (2,000)
Disposal of subsidiaries — — — — — (8,619) (8,619)
Release of EBT shares — — 701 (276) 425 — 425
Transfer acquisition reserve — — 1,992 (1,992) — —
At 30 June 2011 16,247 149,915 17,852 220,157 404,171 2,289 406,460
The accompanying accounting policies and notes form an integral part of this historical financial
information.
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