2011 Annual Report (3 April 2012) - Grange Resources

Statement of Comprehensive Income
For The Year Ended 31 December 2011
2011 ANNUAL REPORT
47
12 months to 6 months to
31 December 2011 31 December 2010
Notes $’000 $’000
Revenues from mining operations 5 410,432 193,334
Cost of sales 6 (252,243) (129,823)
Gross profit from mining operations 158,189 63,511
Administration expenses (6,278) (3,054)
Operating profit before other income / (expense) 151,911 60,457
Other income / (expenses)
Revaluation of deferred consideration 22, 25 (189) (6,678)
Reversal of asset impairment 7 - 64,619
Other income / (expenses) 8 3,808 3,855
Operating profit before finance costs 155,530 122,253
Finance income 9 11,971 7,388
Finance expenses 9 (9,392) (4,537)
Profit before tax 158,109 125,104
Income tax benefit / (expense) 10 58,458 (39,863)
Profit for the period 216,567 85,241
Other comprehensive income
Exchange differences on translation of foreign operations - (226)
Total comprehensive income for the period 216,567 85,015
Profit / (loss) attributable to:
- Owners of Grange Resources Limited 216,567 85,241
216,567 85,241
Total comprehensive income / (loss) attributable to:
- Owners of Grange Resources Limited 216,567 85,015
216,567 85,015
Earnings per share for profit / (loss) attributable to the
ordinary equity holders of Grange Resources Limited
12 months to 6 months to
Note 31 December 2011 31 December 2010
Basic earnings / (loss) per share (cents per share) 40 18.78 7.40
Diluted earnings / (loss) per share (cents per share) 40 18.76 7.40
The above statements of comprehensive income should be read in conjunction with the accompanying notes
DirectorS’ Report
Financial Statements
Shareholder information