BISICHI MINING PLC ANNUAL REPORT 2017
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Financial statements Notes to the financial statements<br />
22. DEFERRED TAXATION<br />
As at 1 January 2,248 2,002<br />
Recognised in income 202 (131)<br />
Recognised in comprehensive income - 13<br />
Exchange adjustment 35 364<br />
As at 31 December 2,485 2,248<br />
The deferred tax balance comprises the following:<br />
Revaluation of properties 691 715<br />
Capital allowances 2,389 2,361<br />
Short term timing difference (513) (184)<br />
Unredeemed capital deductions (80) (642)<br />
Losses and other deductions (2) (2)<br />
2,485 2,248<br />
Refer to note 7 for details of adjustments in respect of the prior year deferred tax in the current year.<br />
23. SHARE CAPITAL<br />
Authorised: 13,000,000 ordinary shares of 10p each 1,300 1,300<br />
Allotted and fully paid:<br />
<strong>2017</strong><br />
Number of<br />
ordinary<br />
shares<br />
2016<br />
Number of<br />
ordinary<br />
shares<br />
At 1 January and outstanding at 31 December 10,676,839 10,676,839 1,068 1,068<br />
24. OTHER RESERVES<br />
Equity share options 597 597<br />
Net investment premium on share capital in joint venture 86 86<br />
683 683<br />
<strong>2017</strong><br />
£’000<br />
<strong>2017</strong><br />
£’000<br />
<strong>2017</strong><br />
£’000<br />
<strong>2017</strong><br />
£’000<br />
2016<br />
£’000<br />
2016<br />
£’000<br />
2016<br />
£’000<br />
2016<br />
£’000<br />
82 Bisichi Mining <strong>PLC</strong>
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