Page 79 - Sun Resources Annual Report 2013

25 Parent Entity Information
The following details information related to the parent entity, Sun Resources NL at 30 June 2013. The information
presented here has been prepared using consistent accounting policies as presented in Note 1.
Consolidated
2013 2011
$ $
Current assets 980,519 1,024,661
Non-current assets 56,278,639 17,287,928
Total assets 57,259,158 18,312,589
Current liabilities 115,477 94,948
Total liabilities 115,477 94,948
Contributed equity 89,900,211 55,486,635
Accumulated losses (43,881,360) (40,283,345)
Share based payment reserve 11,124,830 3,014,351
Total equity 57,143,681 18,217,641
Loss for the year (3,598,015) (2,933,179)
Other comprehensive income/(loss) for the year - -
Total comprehensive loss for the year (3,598,015) (2,933,179)
26 Investment in Controlled Subsidiaries
2013 2012
Country of Incorporation Equity Holding
%
Equity Holding
%
Sun Resources NL and its subsidiaries:
Sun Resources NL (parent entity) a Australia
Sun Resources (Investments) Pty Ltd b Australia 100 100
Sun Resources (Thailand) Pty Ltd c Australia 100 100
Sun Delta Inc d Colorado, USA 100 100
Sun Beta LLC d Colorado, USA 100 100
Sun Resources (Bangkok) Limited e Thailand - 100
a The ultimate parent entity is Sun Resources NL.
b Sun Resources (Investments) Pty Ltd carries out general investment activities.
c Sun Resources (Thailand) Pty Ltd carries out oil exploration activities in Thailand.
d Sun Delta Inc and Sun Beta LLC carry out oil exploration and production in the USA.
e Sun Resources (Bangkok) Limited was deregistered in March 2013, subsequent to the farmout of L20/50 in
Thailand.
All of the above subsidiaries are economically dependent on Sun Resources NL.
SUN RESOURCES ANNUAL REPORT 2013 77
NOTES TO AND FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS