Financial Performance - Revenue from customers for the six months ended June 30, 2023, was AU$33,155,000, an increase of 35.7% compared to AU$24,403,000 for the same period in 2022[12] - Gross profit for the same period was AU$4,007,000, down 38.1% from AU$6,472,000 in the previous year[12] - Profit after income tax decreased significantly to AU$26,000 from AU$3,619,000, reflecting a decline of 99.3% year-over-year[12] - Basic and diluted earnings per share were 0.02 cents, a decrease from 2.29 cents per share in the prior year[12] - Total comprehensive income for the period was AU$1,693,000, compared to AU$1,548,000 in the same period last year, representing an increase of 9.4%[16] - The profit before tax was AU$649,000, a decrease of 84.7% from AU$4,240,000 in the same period last year[12] - Other revenue for the same period was AU$206,000, compared to AU$0 in 2022, indicating a new source of income[47] - Total employee benefits, including directors' remuneration, amounted to AU$4,354,000, up from AU$4,076,000 in 2022, reflecting a 6.8% increase[47] - The income tax expense recognized for the period was AU$623,000, slightly higher than AU$621,000 in the previous year[51] - The company reported a post-tax segment result of AU$750,000, with Sweden contributing a loss of AU$241,000 and Finland contributing AU$991,000[139] Assets and Liabilities - As of June 30, 2023, total assets amounted to AU$102,482,000, a decrease of 2.3% from AU$104,878,000 as of December 31, 2022[18] - Current assets increased to AU$43,933,000, up 5.2% from AU$41,751,000 at the end of 2022[18] - Cash and cash equivalents rose to AU$22,094,000, reflecting a significant increase of 25.5% from AU$17,671,000[18] - Total liabilities decreased to AU$40,198,000, down 9.3% from AU$44,282,000 at the end of 2022[18] - Trade receivables at June 30, 2023, were AU$2,277,000, down from AU$3,462,000 at December 31, 2022, indicating a decrease of 34.3%[55] - Total inventories decreased from AU$19,991,000 at December 31, 2022, to AU$17,970,000 at June 30, 2023, a reduction of about 10.1%[59] - The net carrying amount of property, plant, and equipment increased to AU$50,410,000 as of June 30, 2023, from AU$54,427,000 at December 31, 2022, indicating a decrease of approximately 7.4%[61] - Trade payables and accruals as of June 30, 2023, amounted to AU$7,666,000, down from AU$8,101,000 at the end of 2022[90] - The current rehabilitation provision as of June 30, 2023, was AU$2,554,000, a decrease from AU$3,114,000 at December 31, 2022[94] - The non-current rehabilitation provision decreased to AU$27,698,000 as of June 30, 2023, from AU$29,245,000 at the end of 2022[94] Exploration and Investment - Exploration expenditure for the period was AU$179,000, up from AU$131,000 in the prior year, indicating increased investment in exploration activities[12] - Capitalized costs related to the Fäboliden project amounted to AU$16.8 million as of June 30, 2023, compared to AU$15.9 million at December 31, 2022[63] - The balance of exploration and evaluation expenditure was AU$1,861,000, a decrease from AU$2,242,000 as of December 31, 2022[86] - The company entered into an agreement with Aurion Resources Ltd for the option to purchase interests for €5.0 million (approximately AU$8.2 million)[153] - The company utilized HK$24.6 million (approximately AU$4.6 million) of net proceeds to fund an environmental bond for the Jokisivu Gold Mine in Finland[160] Governance and Compliance - The Company complied with all code provisions of the Corporate Governance Code during the reporting period[188] - The Audit and Risk Management Committee reviewed the interim results for the half-year period ended June 30, 2023, ensuring compliance with accounting principles[196] - The independent auditor's review concluded that the interim financial information is prepared in accordance with IAS 34 without any significant issues identified[169] - The interim report includes the consolidated interim income statement, consolidated interim statement of comprehensive income, consolidated interim financial position, consolidated interim statement of changes in equity, and consolidated interim cash flow statement[200] Shareholder Information - The Company did not declare or recommend any dividends for the half-year period ended June 30, 2023, consistent with the previous year[198] - The Group's share capital as of June 30, 2023, was AU$140,408,000, with 158,096,613 ordinary shares fully paid, a slight decrease from AU$140,420,000 and 158,171,613 shares as of December 31, 2022[109] - The Company repurchased a total of 105,000 shares during the reporting period, resulting in a reduction of issued shares[113] - The Company’s shares are primarily controlled by a few substantial shareholders, indicating concentrated ownership[182] - APAC Resources Limited holds 45,596,727 shares, representing 28.84% of the total issued shares of the Company[180]
龙资源(01712) - 2023 - 中期财报