Annual Report 2011 - QuamIR

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Consolidated Statement of Changes in EquityFor the year ended 31 March 2011Attributable to owners of the CompanyConvertible Foreign Attributablebonds Share currency to non-Share Share Warrants equity options Shareholder’s translation Other Accumulated controllingcapital premium reserve reserve reserve contribution reserve reserve losses Subtotal interests TotalHK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000Balance at 1 April 2010 26,621 461,073 2,440 250,391 61,375 12,640 32,136 – (132,191 ) 714,485 356,348 1,070,833Loss for the year – – – – – – – – (44,040 ) (44,040 ) (3,947 ) (47,987 )Other comprehensive income for the year – – – – – – 32,928 – – 32,928 7,368 40,296Total comprehensive income/(expense)for the year – – – – – – 32,928 – (44,040) (11,112) 3,421 (7,691)Non-controlling interests arisingon acquisition of subsidiaries(Note 37 (a)) – – – – – – – – – – 30,414 30,414Capital contribution by non-controllinginterests of a subsidiary – – – – – – – – – – 16,046 16,046Issue of new ordinary shares(Note 31 (iv)) 28,880 519,840 – – – – – – – 548,720 – 548,720Transaction costs attributable to issueof new ordinary shares – (19,585) – – – – – – – (19,585) – (19,585)Recognition of equity-settledshare-based payments – – – – 1,911 – – – – 1,911 – 1,911Conversion of convertible bonds(Note 31 (v)) 12,098 286,251 – (250,391) – – – – – 47,958 – 47,958Released upon disposal ofsubsidiaries (Note 39) – – – – – – (433) – – (433) (263) (696)Acquisition of non-controllinginterests (Note 38) – – – – – – – 249,089 – 249,089 (276,655) (27,566)Release of reserve upon lapseof warrants (Note 34) – – (2,440) – – – – – 2,440 – – –Balance at 31 March 2011 67,599 1,247,579 – – 63,286 12,640 64,631 249,089 (173,791) 1,531,033 129,311 1,660,344Note:Other reserve represents the difference between the consideration paid for the additional interests in a subsidiary and thenon-controlling interests’ share of the assets and liabilities reflected in the consolidated statement of financial position atthe date of the acquisition of the non-controlling interests.Sino Prosper State Gold Resources Holdings Limited40
Consolidated Statement of Cash FlowsFor the year ended 31 March 20112011 2010Notes HK$’000 HK$’000Cash flows from operating activitiesLoss for the year (47,987) (59,131)Adjustments for:Income tax credit recognized in profit or loss (198) (355)Finance costs recognized in profit or loss 3,562 11,809Interest income (2,408) (900)Gain on disposal of property, plant and equipment (14) (93)Gain on disposal of subsidiaries 39 (16,158) (3,886)Loss on early redemption of promissory note 28 18,414 30,218Depreciation of property, plant and equipment 1,848 442Amortization of mining rights 793 –Impairment loss of inventories 1,614 –Expense recognized in respect of equity-settledshare-based payments 1,911 –(38,623) (21,896)Movements in working capitalIncrease in inventories (5,135) (3,294)(Increase)/decrease in trade and other receivables (11,310) 23,480Decrease in amount due from a non-controlling interestof a subsidiary 21 –Decrease in trade and other payables (743) (20,754)Decrease in amount due to a non-controlling interest ofa subsidiary (11,101) –Increase in amounts due to related companies 337 –Net cash used in operating activities (66,554 ) (22,464 )Cash flows from investing activitiesPayments for property, plant and equipment (60,983) (197)Proceeds from disposal of property, plant and equipment 381 –Payments for exploration and evaluation assets (17,758) (2,828)Interest received 2,408 900Refund of deposit paid upon termination of acquisitionagreement relating to acquisition of subsidiaries – 56,776Deposit paid for acquisition of subsidiaries – (4,136)Net cash outflow on acquisition of subsidiaries 37 (154,446) (1,080)Net cash inflow on disposal of subsidiaries 39 14,724 5,921Net cash (used in)/generated by investing activities (215,674 ) 55,356Annual Report 201141
Page 1: Sino Prosper State Gold Resources H
Page 4 and 5: Year in Review2010-2011April 2010HK
Page 7 and 8: Chairman’s MessageOver the course
Page 9 and 10: Chairman’s MessageFor its part, A
Page 11 and 12: Management Discussion & AnalysisAft
Page 13 and 14: Management Discussion & AnalysisInv
Page 15: Management Discussion & AnalysisTar
Page 19 and 20: Management Discussion & AnalysisDur
Page 21 and 22: Directors’ and Management Profile
Page 23 and 24: Directors’ and Management Profile
Page 25 and 26: Corporate Governance ReportDIRECTOR
Page 27 and 28: Corporate Governance ReportREMUNERA
Page 29 and 30: Directors’ ReportThe directors (t
Page 31 and 32: Directors’ ReportMr. Cai Wei Lun
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Page 37 and 38: Independent Auditors’ ReportWe be
Page 39 and 40: Consolidated Statement of Financial
Page 41: Consolidated Statement of Changes i
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Notes to the Consolidated Financial
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Financial SummaryFor the year ended
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Annual Report 2011 - QuamIR

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