ASX Announcement
30 September 2020
Extension of Lodgement and Unaudited Financial Accounts
AustSino Resources Group Ltd ("AustSino" or the "Company") (ASX: ANS) wishes to advise that it is relying on ASIC Corporations (Extended Reporting and Lodgement Deadlines - Listed Entities) Instrument 2020/451 to extend the lodgement due date for its audited financial statements, and other documents required to be lodged with ASIC under section 319 of the Corporations Act, for the period ended 30 June 2020.
The Company sets out in this notice its preliminary unaudited financial statements for the year ended 30 June 2020 together with other information relevant to the Company.
The Company will immediately make a further announcement to the market if there is a material difference between its unaudited financial statements and its audited annual financial statements.
Authorised for release by the Board of Directors.
Further inquiries:
Mr Henko Vos
Company Secretary
T: +61 8 9463 2463
ABN 12 009 076 242
AUSTSINO RESOURCES GROUP LIMITED
UNAUDITED FINANCIAL ACCOUNTS
30 JUNE 2020
AUSTSINO RESOURCES GROUP LIMITED
CORPORATE DIRECTORY
DIRECTORS
Chun Ming Ding (Executive Chairman)
Michael Keemink (Executive Director)
Ma Kaihai (Non-Executive Director)
Perry Mitchell (Non-Executive Director)
Dr Bielin Shi (Non-Executive Director)
COMPANY SECRETARY
Henko Vos
REGISTERED OFFICE & PRINCIPAL PLACE OF BUSINESS
Level 5, 35 Havelock Street
West Perth WA 6005
Telephone: +61 8 6460 0250
SHARE REGISTRY
Automic Registry Services
Level 2, 267 St George's Terrace
Perth WA 6000
Telephone: 1300 288 664 (within Australia) +61 8 9324 2099 (outside Australia)
Email: hello@automic.com.au
Web: www.automic.com.au
AUDITORS
RSM Australia Partners
Level 32, Exchange Tower, 2 The Esplanade
Perth WA 6000
SECURITIES EXCHANGE
AustSino Resources Group Limited shares (ANS) are listed on Australian Securities Exchange.
WEBSITE
www.aust-sino.com
1
AUSTSINO RESOURCES GROUP LIMITED
UNAUDITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020
Consolidated | |||
2020 | 2019 | ||
Note | $ | $ | |
Income | 2(a) | 1,567 | 5,839 |
Other income | 2(b) | 22,000 | 19,000 |
Depreciation expense | 8 | (62,667) | (95,339) |
Amortisation expense | 10 | (293,553) | - |
Impairment of exploration and evaluation assets | 12 | (268,477) | (2,127,161) |
Exploration and evaluation expenditure | 12 | (193,914) | (714,198) |
Employee benefits expense | (938,471) | (884,509) | |
Share based payment expenses | 23(a) | (1,400,000) | (155,000) |
Legal fees | (138,061) | (508,690) | |
Consulting fees | (154,140) | (108,384) | |
Interest expense | (42,736) | - | |
Other expenses | 2(c) | (878,202) | (1,058,956) |
(Loss) before income tax expense | (4,346,654) | (5,627,398) | |
Income tax expense | 3(a) | - | - |
Net (loss) for the year | (4,346,654) | (5,627,398) | |
Other comprehensive income | |||
Items that may be reclassified subsequently to operating result | |||
Foreign currency translation | 16(b) | (2,527) | 124,110 |
Items that will not be subsequently reclassified to profit or loss | |||
Revaluation loss on financial assets at fair value through other | 24 | (3,750,000) | (70,000) |
comprehensive income | |||
Other comprehensive income for the year, net of tax | (3,752,527) | 54,110 | |
Total comprehensive (loss) for the year | (8,099,181) | (5,573,288) | |
Cents | Cents | ||
Basic and diluted earnings per share | 5 | (0.08) | (0.11) |
The accompanying notes form part of these financial statements.
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Austsino Resources Group Ltd. published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 12:49:06 UTC