Page 45 - Sun Resources 2014 Annual Report

CONSOLIDATED STATEMENT OF FINANCIAL
POSITION  AS AT 30 JUNE 2014
Consolidated
Note 2014 2013
$ $
Current assets
Cash and cash equivalents 5 2,657,972 3,550,749
Trade and other receivables 6 3,296,130 342,046
Total current assets 5,954,102 3,892,795
Non-current assets
Plant and equipment 7 128,804 152,043
Exploration and evaluation expenditure 8 47,579,653 56,941,014
Oil and gas production assets 9 742,690 2,271,792
Total non-current assets 48,451,147 59,364,849
Total assets 54,405,249 63,257,644
Current liabilities
Trade and other payables 10 5,328,594 6,107,815
Total current liabilities 5,328,594 6,107,815
Total liabilities 5,328,594 6,107,815
Net assets 49,076,655 57,149,829
Equity
Contributed equity 11 108,850,765 89,900,211
Share-based payment reserve 12 11,124,830 11,124,830
Foreign exchange translation reserve 13 5,333,145 4,508,608
Accumulated losses (76,232,085) (48,383,820)
Total equity 49,076,655 57,149,829
The above Consolidated Statement of Financial Position should be read in conjunction with the notes to the Consolidated Financial
Statements.
SUN RESOURCES ANNUAL REPORT 2014  43