26 October 2012 Annual Report to Shareholders ... - General Mining

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26 October 2012 Annual Report to Shareholders ... - General Mining

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

GENERAL MINING CORPORATION LIMITED

FOR THE YEAR ENDED 30 JUNE 2012

ANNUAL REPORT 2012

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2012

Consolidated Entity

Foreign

Note

Contributed

equity

$

Accumulated

losses

$

Option

Reserve

$

Exchange

Translation

Reserve

$

Total

equity

$

Balance at 1 July 2010 7,635,739 (4,455,956) 270,798 25,652 3,476,233

Total loss for the year 14b - (1,619,051) - - (1,619,051)

Other comprehensive

income/ (loss) for the year

Total comprehensive income/

(loss) for the year

14a - - - (81,346) (81,346)

- (1,619,051) - (81,346) (1,700,397)

Contributions of equity, net of

transaction costs

Options issued during the

year

13 1,018,600 - - - 1,018,600

- - 181,401 - 181,401

Transfer from option reserve 14a 471 - (471) - -

Balance at 30 June 2011 8,654,810 (6,075,007) 451,728 (55,694) 2,975,837

Balance at 1 July 2011 8,654,810 (6,075,007) 451,728 (55,694) 2,975,837

Total loss for the year 14b - (3,463,752) - - (3,463,752)

Other comprehensive income/

(loss) for the year

Total comprehensive income/

(loss) for the year

14a - - - 135,978 135,978

- (3,463,752) - 135,978 (3,327,774)

Contributions of equity, net of

transaction costs

Options issued during the

year

13 500,000 - - - 500,000

14a - - 3,892 - 3,892

Transfer from option reserve 14a 161,976 - (161,976) - -

Balance at 30 June 2012 9,316,786 (9,538,759) 293,644 80,284 151,955

The above statement of changes in equity should be read in conjunction with the accompanying notes.

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GENERAL MINING CORPORATION LTD ANNUAL REPORT 2012

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