ANNOUNCEMENT
18th July 2017ASX/MEDIA RELEASE
ASX: CSD Share Price: $0.025
(in trading suspension)
TIN M IN ES LIM ITED
ASX Appendix 4E and Annual Financial Report for the Year Ended 30 June 2016CONSOLIDATED TIN MINES LIMITED
Cairns Corporate Headquarters: 395 Lake Street, Cairns Qld 4870
Phone: +61 (7) 4032 3319
Email: info@csdtin.com.au Web: www.csdtin.com.au
TIN M IN ES LIM ITED
ASX Appendix 4E RESULTS FOR ANNOUNCEMENT TO THE MARKET2016 $ | 2015 $ | |||
Revenue | Revenue increased | 41% | 3,553,193 | 2,517,362 |
Net loss for the period attributable to members | Loss increased | 816% | (14,753,742) | (1,609,844) |
No interim dividend was paid in relation to the year ended 30 June 2016. No final dividend will be paid in relation to the year ended 30 June 2016.
2016 | 2015 | |
Net tangible asset backing per ordinary share: cents per share | 1.7 | 4.1 |
Refer attached Review of Operations for commentary on the results for the year.
Audit ReportThe Financial Statements and Remuneration Report have been subject to audit. A copy of the Independent Auditor's Report is on page 70 of the attached Annual Report. The audit report includes the following emphasis of matter paragraph:
"Emphasis of Matter
Without modifying our opinion expressed above, we draw attention to directors' assessment of going concern in note 1 of the financial statements. The matters outlined in note 1 indicate the existence of a material uncertainty that may cast doubt on the Group's ability to continue as a going concern, and therefore the Group may be unable to realise its assets and extinguish its liabilities in the normal course of business and amounts stated in the financial report."
CONSOLIDATED TIN MINES LIMITED
A N N U A L R E P O R T 2 0 1 6
ABN 57 126 634 606
Annual ReportFor The Year Ended 30 June 2016
Consolidated Tin Mines Limited published this content on 18 July 2017 and is solely responsible for the information contained herein.
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