COPY OF FINAL PROSPECTUS - Mirabela Nickel

MIRABELA NICKEL LIMITED
INCOME STATEMENTS
For the year ended 30 June 2006
Consolidated
The Company
Notes 2006 2005 2006 2005
(AUD) (AUD) (AUD) (AUD)
Professional fees ...................................... 5 (69,735) (82,924) (60,497) (42,256)
Personnel expenses .................................... 4 (409,765) (77,915) (389,181) (77,915)
Contractor expenses ................................... (278,609) (254,336) (278,609) (254,336)
Depreciation expense ................................... 11 (28,311) (26,545) (21,031) (24,211)
Exploration expenditure ................................. — (13,325) (2,613,375) (926,876)
Property lease and overheads .............................. (164,895) (195,663) (164,895) (198,798)
Printing, stationery and postage ............................ (62,311) (5,458) (62,311) (5,458)
Other ............................................ (67,001) (51,065) (65,151) (44,355)
Results from operating activities ........................... (1,080,627) (707,231) (3,655,050) (1,574,205)
Financial Income ..................................... 3 161,918 86,490 161,893 88,877
Financial Expenses .................................... — — — —
Net financing income ................................... 161,918 86,490 161,893 88,877
Profit/(loss) before tax .................................. (918,709) (620,741) (3,493,157) (1,485,328)
Income tax expense .................................... 6 (7,051) — (7,051) —
Profit/(loss) for the year attributable to equity holders of the parent ..... (925,760) (620,741) (3,500,208) (1,485,328)
Loss per share for profit attributable to the ordinary equity holders of the
Company:
Basic loss per share (cents per share) ........................ 7 (2.13) (2.20)
Diluted loss per share (cents per share) ....................... 7 (2.13) (2.20)
The accompanying notes form part of these financial statements.
Comparative information is for the 16 month period ending 30 June 2005.
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