71
CONSOLIDATED FINANCIAL STATEMENTS
DRIVING GROWTH FROM WITHIN
Consolidated Statements of Changes in Equity
FOR THE YEARS ENDED DECEMBER 31,
(Expressed in thousands of US Dollars, except for share amounts)
Attributable to Equity Holders of the Company
Share Capital
Accumulated
Other
Share
Compre-
Option and
hensive
Number of
Warrant
Retained
Income
Total
Notes
Shares
Amount
Reserve
Earnings
(“AOCI”)
Equity
Balance – December 31, 2013
125,973,966 $ 189,092 $ 15,200 $ 40,244 $ 3,124 $ 247,660
Exercise of options
2,563,776
8,458
–
–
–
8,458
Transfer of share option and warrant
reserve on exercise of options
–
3,507 (3,507)
–
–
–
Share-based payments expense
–
–
2,108
–
–
2,108
Net income for the period
–
–
– 15,602
– 15,602
Unrealized loss on translation of
net investment
–
–
–
–
(2,001)
(2,001)
Unrealized gain on translation to
presentation currency on foreign
operations
–
–
–
–
887
887
Total comprehensive loss for the year
15,602
(1,114)
14,488
Balance – December 31, 2014
128,537,742 $ 201,057 $ 13,800 $ 55,846 $ 2,010 $ 272,713
Balance – December 31, 2012
125,268,751 $ 187,807 $ 12,944 $ 59,344 $ 4,348 $ 264,493
Exercise of options
693,800
707
–
–
–
707
Issuance of shares for property
13 a)
11,415
49
–
–
–
49
Transfer of share option and warrant
reserve on exercise of options
–
529
(529)
–
–
–
Share-based payments expense
–
–
2,734
–
–
2,734
Net loss for the period
–
–
–
(19,100)
–
(19,100)
Unrealized loss on translation of
net investment
–
–
–
–
(1,454)
(1,454)
Unrealized gain on translation to
presentation currency on foreign
operations
–
–
–
–
230
230
Total comprehensive loss for the year
(19,100)
(1,224)
(20,324)
Balance – December 31, 2013
125,973,966 $ 189,092 $ 15,200 $ 40,244 $ 3,124 $ 247,660
The accompanying notes are an integral part of these consolidated financial statements.
