COPY OF FINAL PROSPECTUS - Mirabela Nickel
COPY OF FINAL PROSPECTUS - Mirabela Nickel
COPY OF FINAL PROSPECTUS - Mirabela Nickel
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MIRABELA NICKEL LIMITED<br />
NOTES TO FINANCIAL STATEMENTS (Continued)<br />
For the year ended 30 June 2006<br />
9. TRADE AND OTHER RECEIVABLES<br />
Consolidated The Company<br />
2006 2005 2006 2005<br />
(AUD) (AUD) (AUD) (AUD)<br />
Current<br />
Trade receivables .............................................. 70,998 38,685 68,143 31,722<br />
Other receivables and prepayments ................................... 696,537 48,370 88,791 39,426<br />
767,535 87,055 156,934 71,148<br />
At 30 June 2006, other receivables include Brazilian withholding taxes of $525,593 (2005: $49,365). Other receivables and prepayments<br />
are non-interest bearing and are settled within 12 months.<br />
10. INVESTMENTS<br />
Consolidated<br />
The Company<br />
2006 2005 2006 2005<br />
(AUD) (AUD) (AUD) (AUD)<br />
Investments in controlled entity — at cost .......................... — — 9,488,366 3,283,085<br />
<strong>Mirabela</strong> Mineracao Brasil Ltda (100%)<br />
— — 9,488,366 3,283,085<br />
11. PROPERTY, PLANT AND EQUIPMENT<br />
Consolidated The Company<br />
2006 2005 2006 2005<br />
(AUD) (AUD) (AUD) (AUD)<br />
Plant and equipment at cost .................................... 342,436 145,576 171,773 123,234<br />
Less: Accumulated depreciation .................................. (55,718) (26,913) (45,242) (24,211)<br />
Total property, plant and equipment ............................... 286,718 118,663 126,531 99,023<br />
Reconciliation of carrying amount of property, plant and equipment<br />
Consolidated The Company<br />
2006 2005 2006 2005<br />
(AUD) (AUD) (AUD) (AUD)<br />
Plant and equipment at cost<br />
Balance at the beginning of the year .............................. 145,576 — 123,234 —<br />
Acquisitions ............................................. 190,847 142,536 48,539 123,234<br />
Effect of movements in foreign exchange ........................... 6,013 3,040 — —<br />
Balance at the end of the year .................................. 342,436 145,576 171,773 123,234<br />
Plant and equipment — depreciation and impairment losses<br />
Balance at the beginning of the year .............................. (26,913) — (24,211) —<br />
Depreciation charge for the year ................................ (28,311) (26,545) (21,031) (24,211)<br />
Effect of movements in foreign exchange ........................... (494) (368) —<br />
Balance at the end of the year .................................. (55,718) (26,913) (45,242) (24,211)<br />
Carrying amounts<br />
Balance at the beginning of the year .............................. 118,663 — 99,023 —<br />
Balance at the end of the year ................................. 286,718 118,663 126,531 99,023<br />
F-16
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