BISICHI MINING PLC ANNUAL REPORT 2017
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Financial statements<br />
Consolidated income statement<br />
for the year ended 31 December <strong>2017</strong><br />
54 Bisichi Mining <strong>PLC</strong><br />
Notes<br />
<strong>2017</strong><br />
Trading<br />
£’000<br />
<strong>2017</strong><br />
Revaluations<br />
and<br />
impairment<br />
£’000<br />
<strong>2017</strong><br />
Total<br />
£’000<br />
2016<br />
Trading<br />
£’000<br />
2016<br />
Revaluations<br />
and<br />
impairment<br />
£’000<br />
Group revenue 1 37,459 - 37,459 22,815 - 22,815<br />
Operating costs 2 (31,640) - (31,640) (21,299) - (21,299)<br />
Operating profit before depreciation, fair value<br />
5,819 - 5,819 1,516 - 1,516<br />
adjustments and exchange movements<br />
Depreciation 2 (1,790) - (1,790) (1,785) - (1,785)<br />
Operating profit/(loss) before fair value<br />
1 4,029 - 4,029 (269) - (269)<br />
adjustments and exchange movements<br />
Exchange (losses)/gains (256) - (256) 449 - 449<br />
Decrease/increase in value of investment 3 - (13) (13) - 445 445<br />
properties<br />
Gain on disposal of other investments 3 - 3 - - -<br />
Increase in value of other investments - - - - 12 12<br />
Operating profit/(loss) 1 3,776 (13) 3,763 180 457 637<br />
Share of profit/(loss) in joint ventures 12 - 8 8 30 (37) (7)<br />
Write-off of investment in joint venture 12 - (1,827) (1,827) - - -<br />
Profit/(loss) before interest and taxation 3,776 (1,832) 1,944 210 420 630<br />
Interest receivable 205 - 205 270 - 270<br />
Interest payable 6 (664) - (664) (554) - (554)<br />
Profit/(loss) before tax 4 3,317 (1,832) 1,485 (74) 420 346<br />
Taxation 7 (588) 24 (564) 150 (89) 61<br />
Profit/(loss) for the year 2,729 (1,808) 921 76 331 407<br />
Attributable to:<br />
Equity holders of the company 2,557 (1,808) 749 148 331 479<br />
Non-controlling interest 26 172 - 172 (72) - (72)<br />
Profit/(loss) for the year 2,729 (1,808) 921 76 331 407<br />
Profit per share – basic 9 7.02p 4.48p<br />
Profit per share – diluted 9 7.02p 4.48p<br />
Trading gains and losses reflect all the trading activity on mining and property operations and realised gains from Joint ventures. Revaluation gains<br />
and losses reflects the revaluation of investment properties and other assets within the group and any proportion of unrealised gains and losses within<br />
Joint Ventures. The total column represents the consolidated income statement presented in accordance with IAS 1.<br />
2016<br />
Total<br />
£’000
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