2011 Annual Illustrative IFRS Financial Statements - BDO Canada

More documents

Recommendations

Info

Precious & Other Metals ExplorationNOTES TO THE FINANCIAL STATEMENTSExpressed in Canadian DollarsFor the year-ended December 31, 2011Reference:9. PROPERTY, PLANT AND EQUIPMENTIAS 16.73CostOfficeequipment$’000Vehicles$’000Fieldequipment$’000Total$’000IAS 16.73d Balance at January 1, 2010 $ xxx $ xxx $ xxx $ xxxIAS 16.73e Additions xxx xxx xxx xxxIAS 16.73dDisposals (xxx) (xxx) (xxx) (xxx)Balance at December 31, 2010 $ xxx $ xxx $ xxx $ xxxIAS 16.73e Additions xxx xxx xxx xxxDisposals (xxx) (xxx) (xxx) (xxx)IAS 16.73dBalance at December 31, 2011 $ xxx $ xxx $ xxx $ xxxDepreciation and impairmentIAS 16.73d Balance at January 1, 2010 $ xxx $ xxx $ xxx $ xxxIAS 16.73e Depreciation for the year xxx xxx xxx xxxDisposals xxx xxx xxx xxxImpairment loss xxx xxx xxx xxxIAS 16.73dBalance at December 31, 2010 $ xxx $ xxx $ xxx $ xxxIAS 16.73e Depreciation for the year xxx xxx xxx xxxDisposals xxx xxx xxx xxxImpairment loss xxx xxx xxx xxxIAS 16.73dBalance at December 31, 2011 $ xxx $ xxx $ xxx $ xxxCarrying amountsAt January 1, 2010 $ xxx $ xxx $ xxx $ xxxAt December 31, 2010 $ xxx $ xxx $ xxx $ xxxIAS 1.78a At December 31, 2011 $ xxx $ xxx $ xxx $ xxxPAGE 18 OF 35BDO CANADA LLP
Precious & Other Metals ExplorationNOTES TO THE FINANCIAL STATEMENTSExpressed in Canadian DollarsFor the year-ended December 31, 2011Reference:10. OTHER L IABILITIESOther liabilities include the liability portion of the flow-through shares issued. The following is a continuityschedule of the liability portion of the flow-through shares issuances.IFRS 7.7Flow-through SharesIssued on MonthDD,2009$’000Issued on MonthDD,2010$’000Total$’000Balance at January 1, 2010 $ xxx $ - $ xxxLiability incurred on flow-through shares issued xxx xxxSettlement of flow-through share liability onincurring expendituresBalance at December 31, 2010 $ - $ xxx $ xxxSettlement of flow-through share liability onincurring expendituresBalance at December 31, 2011 $ - $ - $ -(xxx)(xxx)(xxx)(xxx)On Month DD, 2009, the Company completed a brokered private placement, consisting of the issue and saleof xxx flow‐through units at a price of $x.xx per flow‐through unit and xxx common share units at a price of$x.xx per unit, for aggregate gross proceeds of $xxx. Each flow-through unit consisted of one flow‐throughcommon share and one‐half of one common share purchase warrant.As at December 2010, the Company had fulfilled its commitment to incur exploration expenditures inrelation to this flow-through share financing.On Month DD, 2010, the Company completed a brokered private placement, consisting of the issue and saleof xxx flow‐through units at a price of $x.xx per flow‐through unit and xxx common share units at a price of$x.xx per unit, for aggregate gross proceeds of $xxx. Each flow-through unit consisted of one flow‐throughcommon share and one‐half of one common share purchase warrant; each common share unit consisted ofone common share and one‐half of one common share purchase warrant.As at December 2011, the Company had fulfilled its commitment to incur exploration expenditures inrelation to this flow-through share financing.11. PROVISIONSIAS 37.84IAS 37.88Rehabilitation$’000Other$’000Total$’000Balance at January 1, 2010 $ xxx $ xxx $ xxxChange in liability estimate xxx xxx xxxAccretion of interest xxx xxx xxxBalance at December 31, 2010 $ xxx $ xxx $ xxxChange in liability estimate xxx xxx xxxAccretion of interest xxx xxx xxxBalance at December 31, 2011 $ xxx $ xxx $ xxxRehabilitation ProvisionPrecious & Other Metals Exploration makes full provision for the future cost of site rehabilitation on adiscounted basis at the time exploration and evaluation activities take place. The rehabilitation provisionrepresents the present value of rehabilitation costs relating to exploration and evaluation activities thathave occurred to date. The rehabilitation expenditure is expected to be incurred in various stages up to20xx.PAGE 19 OF 35BDO CANADA LLP
Page 1 and 2: SAMPLE PRECIOUS & OTHER METALS EXPL
Page 3 and 4: Precious & Other Metals Exploration
Page 7: Precious & Other Metals Exploration
Page 19: Precious & Other Metals Exploration

2011 Annual Illustrative IFRS Financial Statements - BDO Canada

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?