My apologies moderators...this should have gone on PVM posts. Time for beddie byes I reckon...
Just for you All4One hope this makes it easier to read...
My previous post included the 2012FY numbers.
Also refer to Note 3(b)
PMI GOLD CORPORATION
Consolidated Statements of Financial Position
(Expressed in Canadian dollars)
June 30,
2013
Assets
Current assets:
Cash and cash equivalents $ 107,782,056 <----
Receivables (note 5) 194,777
Prepaid expenses 153,241
___________
$ 108,130,074
Property & equipment (note 6) 906,007
Exploration and evaluation
assets (note 7) 100,863,505
___________
$ 209,899,586
-----------
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and
accrued liabilities
(note 8) $ 5,520,523
Provision for reclamation
(note 9) 1,519,508
_________
Total liabilities 7,040,031 <----
_________
Shareholders’ equity:
Share capital (note 10) 232,112,812
Reserves (note 10) 8,430,941
Deficit (37,684,198)
___________
202,859,555
___________
$ 209,899,586
-----------
3. Significant accounting policies (continued):
(b) Cash and cash equivalents:
Cash and cash equivalents include cash on hand, deposits held at call with financial institutions and Australian & Canadian guaranteed investment certificates (“GIC’s”) with a major Australian and Canadian banking institutions with maturities on the date of purchase of 1 year or less. The GIC’s are cashable on demand.
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My apologies moderators...this should have gone on PVM posts....
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