Update on Merger with Polymetals - Notice of Meeting

5.3 Historical Balance Sheet
Southern Cross Goldfields Limited Unaudited as at Reviewed as at Audited as at Audited as at
31-Mar-13 31-Dec-12 30-Jun-12 30-Jun-11
Statement of Financial Position $ $ $ $
CURRENT ASSETS
Cash and cash equivalents 3,361,085 4,072,745 2,215,018 1,658,993
Trade and other receivables - 185,159 143,263 1,489,428
Other financial assets - - 150,000 -
Prepayments 87,668 - - -
TOTAL CURRENT ASSETS 3,448,753 4,257,904 2,508,281 3,148,421
NON-CURRENT ASSETS
Trade and other receivables 2,825,000 101,000 106,000 106,000
Property, plant and equipment 197,836 227,518 290,256 289,748
Tenement acquisition costs 5,612,873 3,331,873 3,378,222 3,355,775
TOTAL NON-CURRENT ASSETS 8,635,709 3,660,391 3,774,478 3,751,523
TOTAL ASSETS 12,084,462 7,918,295 6,282,759 6,899,944
CURRENT LIABILITIES
Trade and other payables 1,068,971 1,842,991 700,977 1,612,543
Provisions 100,338 81,468 66,889 64,682
Sandstone Acquisition Facility 7,000,000 - - -
TOTAL CURRENT LIABILITIES 8,169,309 1,924,459 767,866 1,677,225
NON-CURRENT LIABILITIES
Provisions - 16,089 14,480 15,523
TOTAL NON-CURRENT LIABILITIES - 16,089 14,480 15,523
TOTAL LIABILITES 8,169,309 1,940,548 782,346 1,692,748
NET ASSETS 3,915,153 5,977,747 5,500,413 5,207,196
EQUITY
Contributed equity 30,381,465 30,381,465 25,539,853 19,805,958
Reserves 3,167,559 3,167,559 3,103,686 2,805,924
Accumulated losses (29,633,872) (27,571,277) (23,143,126) (17,404,686)
TOTAL EQUITY 3,915,153 5,977,747 5,500,413 5,207,196
Source: SXG’s audited annual 2011 and 2012 annual reports, reviewed financial statements for the 6 month period until 31 December
2012 and unaudited management accounts for the nine months period ended 31 March 2013.
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