Page 59 - Sun Resources 2014 Annual Report

Consolidated
10 Trade and Other Payables - Current 2014
$
2013
$
Trade and Other Payables 5,328,594 6,107,815
Trade and other payables are normally settled within 30 days from receipt of invoice unless otherwise agreed. All
amounts recognised as trade and other payables are expected to be settled within the next twelve months.
11 Contributed Capital
a Contributed Capital
2,644,944,710 fully paid ordinary shares (2013: 1,984,944,710) 113,417,245 93,617,245
Cumulative issue costs of share capital (4,566,480) (3,717,034)
108,850,765 89,900,211
b Movements in shares on issue
2014 Date Number of
Shares
Capital
$
Ordinary shares
Opening balance 1 July 2013 1,984,944,710 93,617,245
Share Placement 8 August 2013 450,000,000 13,500,000
Share Placement 13 November 2013 210,000,000 6,300,000
Closing balance 2,644,944,710 113,417,245
2013 Date Number of
Shares
Capital
$
Ordinary shares
Opening balance 1 July 2012 1,140,262,104 57,988,655
Share Placement 8 August 2012 167,000,000 8,350,000
Share Placement 12 September 2012 233,000,000 11,650,000
Amerril Consideration(i) 12 September 2012 291,959,077 14,597,954
Share Allotment - Carina Energy LLC(i) 12 September 2012 9,723,529 680,637
Share Placement - Broker(i)
consideration 12 September 2012 3,000,000 210,000
Conversion of options - Class D 1 October 2012 24,943,750 24,943
Conversion of options - Class D 10 January 2013 40,056,250 40,056
Conversion of options - Class G 14 January 2013 28,781,250 28,781
Conversion of options - Class G 28 February 2013 46,218,750 46,219
Closing balance 30 June 2013 1,984,944,710 93,617,245
Consolidated Consolidated
(i) Share based payments made during the year: 2014
$
2013
$
Share placement to Amerril Energy LLC in part consideration for the
Amerril Oil Project - 14,597,954
Share placement issued to the Vendor of the Delta Oil Project as part
consideration - 680,635
Share placement in consideration for the Delta Oil Project to brokers - 210,000
Total (Note 5) - 15,488,589
NOTES TO AND FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS
SUN RESOURCES ANNUAL REPORT 2014  57