Minco PLC.

Published : December 01st, 2015

2015 Q3 Interim Financials

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Keywords :   9/11 | Cash | Reserve Fund | Tax | Taxes | Translation |

2015 Q3 Interim Financials

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

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Minco PLC.

EXPLORATION STAGE
CODE : MIO.L
ISIN : IE0004678326
CUSIP : C372AS890
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Minco Plc is a zinc and lead development stage company based in Ireland.

Its main exploration properties are LAGUNA and BILBAO in Mexico and CURRAGHINALT in Ireland.

Minco Plc is listed in Germany and in United Kingdom. Its market capitalisation is GBX 1.3 billions as of today (US$ 1.4 billions, € 1.2 billions).

Its stock quote reached its lowest recent point on May 23, 2003 at GBX 0.06, and its highest recent level on November 21, 2003 at GBX 9.75.

Minco Plc has 478 142 184 shares outstanding.

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