Investor Presentaiton
Armour Energy and controlled entities
armourenergy.com.au
Financial report continued
Notes to the consolidated financial statements continued
NOTE 9. INCOME TAX CONTINUED
ACCOUNTING POLICY FOR EARNINGS PER SHARE
Basic earnings per share
Basic earnings per share is calculated by dividing the profit attributable to the owners of Armour Energy Limited, excluding any
costs of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding during the
financial year, adjusted for bonus elements in ordinary shares issued during the financial year.
Diluted earnings per share
Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after-
Ⓒ income tax effect of interest and other financing costs associated with dilutive potential ordinary shares and the weighted average
number of shares assumed to have been issued for no consideration in relation to dilutive potential ordinary shares.
NOTE 11. CURRENT ASSETS - CASH AND CASH EQUIVALENTS
For personal usA ANY
Cash on hand
Cash at bank and in hand
Other cash and cash equivalents
NOTE 12. CASH FLOW INFORMATION
(A) RECONCILIATION OF LOSS AFTER INCOME TAX TO NET CASH USED IN
OPERATING ACTIVITIES
Loss after income tax expense for the year
Adjustments for:
Depreciation and amortisation
Net loss/(gain) on disposal of property, plant and equipment
Share-based payments
Write off of exploration and evaluation expenditure
Interest expense on borrowing facilities
Consolidated
30 June
2020
$
(9,570,776)
30 June
2019
$
(11,683,748)
3,008,041
(28,218)
1,135,632
61,976
72,916
42,136
720,491
71,329
(1,203,125)
(370,079)
Consolidated
30 June
2020
$
30 June
2019
Amortisation of borrowing facilities and issue costs
Unwinding of the discount on deferred consideration
Inventory adjustment
1,513,201
3,417,558
80,857
109,902
(220,196)
$
Expenses classified as financing activities
Cost of convertible note early redemption
102,966
3,760,165
3,242,546
3,157
31,019
9,076,454
117,703
3,245,703
9,225,176
Change in operating assets and liabilities (*):
(Increase) decrease in other current assets
Increase (decrease) in trade and other payables
(Increase) decrease in trade and other receivables
(Increase) decrease in deferred tax assets
(345,126)
(374,030)
2,557,906
(2,640,558)
516,676
(380,707)
476,310
687,507
(Increase) decrease in inventories
(626,758)
(648,881)
Increase (decrease) in provisions
(1,073,505)
Other cash and cash equivalents include bank accounts held by the Group as operator in joint operations in tenements.
ACCOUNTING POLICY FOR CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash on hand, deposits held at call with financial institutions, other short-term, highly liquid
investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are
subject to an insignificant risk of changes in value.
Net cash used in operating activities
(*) Net of amounts relating to oil and gas, and exploration and evaluation assets
(3,047,801)
(7,745,717)
Equity settled share-based payment transactions are disclosed in Note 28. Apart from those in Note 28, there are no other non-
cash financing and investing activities to disclose.
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