Page 57 - Sun Resources 2014 Annual Report

5 Cash and Cash Equivalents (continued)
Consolidated
2014 2013
$
a Reconciliation of (loss) after income tax with Cash Flow from Operations
(Loss) after income tax (27,848,265) (10,247,996)
Non-cash flows in profit/(loss)
-- Depreciation and amortisation 806,714 479,350
-- Exploration impairment expense 23,451,687 4,798,053
-- Production impairment expense 1,779,378 2,929,104
-- Share-based payment - 791,697
Changes in assets and liabilities
-- (Increase)/decrease in trade and other receivables (2,954,084) (325,442)
-- Increase/(decrease) in trade and other payables 1,194,818 68,145
Cash flow from/(used in) operations (3,569,752) (1,507,089)
6 Trade and other Receivables – Current
Trade receivables 129,476 335,435
Other receivables - Jack Howe #1H 1,344,486 6,611
Held in trust for future exploration leases 1,822,168 -
3,296,130 342,046
Trade receivables represents revenue earned but not yet received from the production and sale of oil, natural gas
and natural gas liquids and were not considered impaired at 30 June 2014.
7 Plant and Equipment
Plant and equipment – at cost 39,733 61,102
-- Accumulated depreciation (15,076) (42,931)
24,657 18,171
Furniture and fittings – at cost 130,523 150,301
-- Accumulated depreciation (26,376) (16,429)
104,147 133,872
128,804 152,043
Movements in carrying amounts
Movement in the carrying amounts for each class of plant and equipment between the beginning and the end of the
current financial year.
Consolidated Plant and Equipment Furniture and Fittings Total
$ $ $
2014
Balance at the beginning of the year 18,171 133,872 152,043
Additions 15,700 - 15,700
Disposals (4,166) (3,688) (7,854)
Depreciation (5,048) (26,037) (31,085)
Balance at the end of the year 24,657 104,147 128,804
2013
Balance at the beginning of the year 13,618 4,610 18,228
Additions 11,393 130,523 141,916
Disposals - - -
Depreciation (6,840) (1,261) (8,101)
Balance at the end of the year 18,171 133,872 152,043
NOTES TO AND FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS
SUN RESOURCES ANNUAL REPORT 2014  55