Page 43 - Sun Resources 2014 Annual Report

Consolidated Statement of Profit or Loss and Other Comprehensive Income 42
Consolidated Statement of Financial Position 43
Consolidated Statement of Changes in Equity 44
Consolidated Statement of Cash Flows 45
Notes to and forming part of the Consolidated Financial Statements: 46
1 Summary of Significant Accounting Policies 46
2 Segment Information 52
3 Revenues and Expenses 53
4 Income Tax 53
5 Cash and Cash Equivalents 54
6 Trade and other Receivables - Current 55
7 Plant and Equipment 55
8 Exploration and Evaluation Expenditure 56
9 Oil and Gas Production Assets 56
10 Trade and Other Payables - Current 57
11 Contributed Capital 57
12 Share-Based Payments Reserve 58
13 Foreign Exchange Translation Reserve 58
14 Options Over Unissued Shares 58
15 Capital and Leasing Commitments 59
16 Share-Based Payments 60
17 Related Party Transactions 62
18 Financing Arrangements 62
19 Financial Risk Management 62
20 Interest in Joint Venture Operations 65
21 Contingencies 65
22 Parent Entity Information 66
23 Investment in Controlled Subsidiaries 66
24 Remuneration of Auditors 67
25 Loss per Share 67
26 Events after the Reporting Date 67
Directors’ Declaration 68
Independent Auditor’s Report 69
Additional Shareholder Information 71
FINANCIAL REPORT 2014
SUN RESOURCES ANNUAL REPORT 2014  41