ARH australasian resources limited

history never repeats:or does it, page-14

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    re: glen moulton (2a) Share-based payments
    Under AASB 2 Share-based payments from 1 July 2004 the group is required to recognise an expense for those options that were issued to Directors and employees after 7 November 2002 but that had not vested by 1 January 2005. The effect of this is:
    (i) At 30 June 2005
    For the group there has been an increase in accumulated losses of $320,085 and a corresponding increase in reserves. At 30 June 2006 the accumulated losses stands at $8,456,722 and corresponding increase in reserves
 
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