African Petroleum Corporation Limited

AOQ0.050
  • CHANGE
    0.00%
  • LAST
    0.05
  • VOLUME
    733
  • LAST TRADE
    17-Dec-2015 12:30:23 PM

Annual Statements for African Petroleum Corporation Limited (AOQ)

31-Dec
2014
31-Dec
2013
31-Dec
2012
31-Dec
2011
31-Dec
2010
USD USD USD USD USD
REVENUE
Interest Received748,760534,8891,082,5491,540,247136,826
Other Revenue4,874,6292,259,0632,828,1642,520,06488,143
Total Revenue5,623,3892,793,9523,910,7134,060,311224,969
Cost of sales
Gross Profit
EXPENSES
Administration Expenses(1,261,706)(3,043,599)(5,337,503)(2,471,360)
Travel Expenses(1,211,481)(1,838,168)(3,875,460)(6,250,800)(780,972)
Employee Benefits Expense(7,645,453)(11,194,043)(17,627,434)(16,581,150)(9,234,783)
Depreciation(1,016,247)(1,698,750)(1,293,967)(558,803)(71,380)
Amortisation and impairments(22,675,228)(53,441,571)(118,045)
Consultancy fees(5,781,225)(7,621,676)(6,289,414)(4,410,460)(2,958,245)
Compliance Expenses(831,067)(792,184)(412,294)(486,594)(272,504)
Operating Expenses(6,545,018)(3,748,329)(4,075,508)
Occupancy/Property Expenses(1,013,028)(2,258,739)(1,773,280)
Financing costs72,728(283,868)(6,243)(443)(82)
Exchange Gains/Losses unrealised37,931(555,304)(3,651,518)9,035,637(128,509)
Gain Loss on disposal of Subsidiary43,800(4,547,505)
Other Expenses(1,355,877)(1,184,541)
Total Expenses(47,825,994)(91,023,736)(44,342,621)(23,079,850)(14,749,061)
PROFIT / (LOSS)
Profit/Loss before income tax(42,202,605)(88,229,784)(40,431,908)(19,019,539)(14,524,092)
Profit/Loss after income tax(42,202,605)(88,229,784)(40,431,908)(19,019,539)(14,524,092)
Profit/Loss attributable to members of parent(40,431,908)(19,019,539)(14,524,092)
Foreign Exchange Gain/(Loss) on Translation of Foreign Ops(137,900)4,205,596(14,026,613)(1,819,279)
Total Comprehensive Income(42,202,605)(88,367,684)(36,226,312)(33,046,152)(16,343,371)
Non-controlling interest(65,692)(126,428)(149,778)(21,031)36,005
Members of parent entity(42,136,913)(88,103,356)(36,076,534)(33,025,121)(16,379,376)
Total Profit/Loss(42,202,605)(88,229,784)(36,226,312)(33,046,152)(16,343,371)
ASSETS
Current Assets
Cash and Cash Equivalents15,938,98519,988,423102,712,538232,616,517135,451,410
Trade and Other Receivables3,426,0976,217,94016,505,97911,708,4891,976,185
Prepayments735,9581,265,75210,303,3717,725,138913,478
Total Current Assets20,101,04027,472,115129,521,888252,050,144138,341,073
Non-Current Assets
Trade and other receivables4,454,203
Property, Plant and Equipment1,407,2703,157,8356,993,1786,062,331551,324
Deposits held22,500,00011,250,614117,599
Exploration and Evaluation Expenditure396,326,784403,272,803354,822,592173,899,52752,199,175
Intangible Assets169,744352,158
Other Non-Current Assets931,035
Total Non-Current Assets398,834,833406,782,796384,315,770195,666,67552,868,098
Total Assets418,935,873434,254,911513,837,658447,716,819191,209,171
LIABILITIES
Current Liabilities
Trade and other payables32,876,49130,893,23625,684,70921,521,45316,300,362
Total Current Liabilities32,876,49130,893,23625,684,70921,521,45316,300,362
Non-Current Liabilities
Total Liabilities32,876,49130,893,23625,684,70921,521,45316,300,362
NET ASSETS386,059,382403,361,675488,152,949426,195,366174,908,809
EQUITY
Issued Capital600,591,811575,911,770575,911,770488,152,298211,596,478
Reserves17,502,30917,282,03813,843,528(786,491)5,463,233
Non-controlling interest(326,924)(261,232)(134,804)14,97436,005
Retained Earnings(231,707,814)(189,570,901)(101,467,545)(61,185,415)(42,186,907)
Total Equity386,059,382403,361,675488,152,949426,195,366174,908,809
CASH FLOW
Net Cash provided by (used in) operating activities(14,713,482)(31,068,295)(21,041,606)(24,540,787)(9,291,538)
Net Cash provided by (used in) investing activities(13,758,087)(13,564,925)(214,595,546)(159,065,394)(34,627,795)
Net Cash provided by (used in) financing activities24,680,04186,513,152259,560,160621,717
Net Increase (decrease) in cash held(3,791,528)(44,633,220)(149,124,000)75,953,979(43,297,616)
Foreign Exchange Gain/Loss(253,604)(51,471)(2,806,119)(6,876,361)(2,080,537)
Cash at the beginning of the period7,914,21852,598,909204,529,028135,451,410180,829,563
Cash at the end of the period3,869,0867,914,21852,598,909204,529,028135,451,410