www.kingsgate.com.au
64
Financial Statements
www.kingsgate.com.au
Note
2013 
$’000
2012 
$’000
Sales revenue  5a  329,282  357,372
Cost of sales  5b (280,452) (238,825)
Gross profit  48,830  118,547
Exploration expenses (675) (1,933)
Corporate and administration expenses  5c (21,152) (19,304)
Other income and expenses 5d (15,490)  1,565
Foreign exchange (loss) / gain (745)  1,268
Business acquisition costs  – (964)
Share of loss in associate 14 (1,353)  –
Impairment losses – Challenger Gold Project  5e (311,850)  –
Impairment losses – exploration assets  5e (20,421)  –
Impairment of investment in associate  5e (537)  –
(Loss) / profit before finance costs and income tax (323,393)  99,179
Finance income  2,587  1,469
Finance costs  5f (18,809) (9,371)
Net finance costs (16,222) ( 7,9 02)
(Loss) / profit before income tax (339,615)  91,277
Income tax benefit / (expense)  6  15,889 (16,271)
(Loss) / profit after income tax (323,726)  75,006
Other comprehensive income:
Items that may be reclassified to profit and loss
Exchange differences on translation of foreign operations (net of tax)  40,455  2,305
Change in fair value of available-for-sale financial assets (net of tax) (91) (700)
Total other comprehensive income for the year, net of tax  40,364  1,605
Total comprehensive (loss) / income for the year  (283,362)  76,611
(Loss) / profit attributable to:
Owners of Kingsgate Consolidated Limited (323,726)  75,159
Non-controlling interests  – (153)
(Loss) / profit after tax for the year (323,726)  75,006
Total comprehensive (loss) / income attributable to:
Owners of Kingsgate Consolidated Limited (283,362)  76,764
Non-controlling interests  – (153)
Total comprehensive (loss) / income for the year (283,362)  76,611
Earnings per share Cents Cents
Basic (loss) / earnings per share  31 (213.3)  52.5
Diluted (loss) / earnings per share  31 (213.3)  52.5
The	above	Statement	of	Comprehensive	Income	should	be	read	in	conjunction	with	the	accompanying	notes.
Statement of  
Comprehensive Income
for the year ended 30 June 2013