Prospectus - Kingsrose Mining
Prospectus - Kingsrose Mining
Prospectus - Kingsrose Mining
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To be read in conjunction with the notes to the unaudited financial statements<br />
APPENDIX 2<br />
BALANCE SHEET<br />
AS AT 31 AUGUST 2007<br />
Note Unaudited Proforma<br />
31 August 2007 Unaudited<br />
$ $<br />
CURRENT ASSETS<br />
Cash and cash equivalents 3 167,741 4,804,057<br />
Receivables 4 47,847 47,847<br />
Inventory 5 611,602 611,602<br />
TOTAL CURRENT ASSETS 827,190 5,463,506<br />
NON CURRENT ASSETS<br />
Cash and cash equivalents 3 188,338 188,338<br />
Property, plant and equipment 6 1,280,456 1,280,456<br />
Mine development costs 7 1,634,706 1,778,706<br />
TOTAL NON CURRENT ASSETS 3,103,500 3,247,500<br />
TOTAL ASSETS 3,930,690 8,711,006<br />
CURRENT LIABILITIES<br />
Trade and other payables 8 1,536,334 323,509<br />
Financial liabilities 9 169,016 -<br />
TOTAL CURRENT LIABILITIES 1,705,350 323,509<br />
NON CURRENT LIABILITIES<br />
Other payables 8 2,868,647 -<br />
Financial liabilities 9 82,196 -<br />
Convertible notes - unsecured 10 - 2,200,000<br />
TOTAL NON CURRENT LIABILITIES 2,950,843 2,200,000<br />
TOTAL LIABILITIES 4,656,193 2,523,509<br />
NET ASSETS/(LIABILITIES) (725,503) 6,187,497<br />
EQUITY<br />
Issued capital 11 10,020 6,923,020<br />
Accumulated loss (735,523) (735,523)<br />
TOTAL EQUITY (725,503) 6,187,497<br />
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