6 Months
MINCO plc
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
Unaudited - prepared by management
For the three and nine month periods ended 30 September 2015
(Expressed in $000's)
NOTICE OF NO AUDITOR REVIEW OF
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
The accompanying unaudited condensed interim consolidated financial statements of the Company have been prepared by and are the responsibility of the Company's management.
The Company's independent auditor has not performed a review of these condensed interim consolidated financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity's auditor.
MINCO plc
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
Unaudited - prepared by management
For the three and nine month periods ended 30 September 2015
INDEX PAGE
Condensed Interim Consolidated Statements of Financial Position 1
Condensed Interim Consolidated Statements of Operations and Comprehensive (Income) Loss 2
Condensed Interim Consolidated Statements of Changes in Equity 3
Condensed Interim Consolidated Statements of Cash Flows 4
Notes to the Condensed Interim Consolidated Financial Statements 5- 15
MINCO PLC
Condensed Interim Consolidated Statements of Financial Position As at 30 September 2015
Unaudited - prepared by management
|
Expressed in US$000's
Assets
|
Notes
|
30 September 2015
(unaudited)
$
|
31 December 2014
(audited)
$
|
|
Non-current assets
|
|
Intangible assets
|
10
|
12,065
|
13,176
|
|
Notes receivable
|
11
|
459
|
392
|
|
Prepaid expenses and other non-current assets
|
9
|
2
|
|
Total non-current assets
|
12,533
|
13,570
|
|
Current assets
|
|
Trade and other receivables
|
12
|
110
|
147
|
|
Cash and cash equivalents
|
13
|
4,360
|
5,901
|
|
Total current assets
|
4,470
|
6,048
|
|
Total assets
|
17,003
|
19,618
|
|
Equity and liabilities
|
|
Capital and reserves
|
|
Share capital
|
15
|
9,767
|
9,767
|
|
Share premium
|
29,790
|
29,790
|
|
Capital conversion reserve fund
|
39
|
39
|
|
Foreign currency translation reserve
|
(2,981)
|
(516)
|
|
Share-based payment reserve
|
16
|
336
|
399
|
|
Retained deficit
|
(20,495)
|
(20,412)
|
|
Total equity
|
16,456
|
19,067
|
|
Current liabilities
|
|
Trade and other payables
|
14
|
354
|
540
|
|
Income taxes payable
|
193
|
11
|
|
Total current liabilities
|
547
|
551
|
|
Total equity and liabilities
|
17,003
|
19,618
|
COMMITMENTS AND CONTINGENCIES (Notes 10, 17)
The financial statements were approved by the Board of Directors on 30 November 2015 and signed on its behalf by:
Signed 'J o hn F. Kear ne y' , Director Signed 'Da nes h K. Var ma' , Directo r
See accompanying notes to the condensed interim consolidated financial statements
1
MINCO PLC
Condensed Interim Consolidated Statements of Operations and Comprehensive Income/(Loss) For the three and nine months period ended 30 September 2015
Unaudited - prepared by management
Expressed in US$000's, except for per share amounts Three months ended 30 September Nine months ended 30 September
|
Continuing operations
|
Notes
|
2015
$
|
2014
$
|
2015
$
|
2014
$
|
|
General and administrative expenses
|
(183)
|
(384)
|
(680)
|
(919)
|
|
Foreign exchange gain/(loss)
|
(47)
|
503
|
503
|
568
|
|
Operating profit/(loss)
|
7
|
(230)
|
119
|
(177)
|
(351)
|
|
Finance income
|
8
|
5
|
35
|
38
|
68
|
|
Share of loss of associate
|
11
|
-
|
(19)
|
-
|
(47)
|
|
Loss before taxation
|
(225)
|
135
|
(139)
|
(330)
|
|
Income tax
|
-
|
-
|
(7)
|
(22)
|
|
Group profit/(loss) for the period
|
(225)
|
135
|
(146)
|
(352)
|
|
Other Comprehensive Income
|
|
Exchange differences on translation of foreign operations
|
(1,046)
|
(490)
|
(2,465)
|
(520)
|
|
Total comprehensive (loss) for the period
|
(1,271)
|
(355)
|
(2,611)
|
(872)
|
|
US Cents per share
|
US Cents per share
|
US Cents per share
|
US Cents per share
|
|
Earnings/(loss) per share
|
|
Basic
|
9
|
(0.05)
|
0.03
|
(0.03)
|
(0.07)
|
|
Diluted
|
9
|
(0.05)
|
0.03
|
(0.03)
|
(0.07)
|
See accompanying notes to the condensed interim consolidated financial statements
2