REG - Condor Gold PLC - Half Yearly Report <Origin Href="QuoteRef">CNDR.L</Origin> - Part 2

Condor GoldAnnouncement

29/10/2014 10:38

- Part 2: For the preceding part double click  ID:nRSJ2508Ra 

                                                                          
 Total liabilities  (330,841)    (706)               (475,023)         (806,570)           
 
 
CONDOR GOLD PLC 
 
NOTES TO THE FINANCIAL STATEMENTS 
 
FOR THE SIX MONTHS TO 30 JUNE 2014 
 
4.      TAXATION

There is no current tax charge for the period.  The accounts do not include a
deferred tax asset in respect of carry forward unused tax losses as the
Directors are unable to assess that there will be probable future taxable
profits available against which the unused tax losses can be utilised. 
 
5.      EARNINGS PER SHARE

Basic earnings per share is calculated by dividing the earnings attributable
to ordinary shareholders by the weighted average number of ordinary shares
outstanding during the period.

A reconciliation is set out below: 
 
                                                                                                                                        Six months to 30.06.14             Six months to 30.06.13  
 Basic EPS                                                                                                                                                                                         
                                                                                                                                                                                                   
 Loss for the period                                                                                                                    (1,568,495)                        (1,437,354)             
 Weighted average number of shares                                                                                                      37,339,399                         36,577,746              
                                                                                                                                                                                                   
                                                                                                                                                                                                   
 Loss per share (in pence)                                                                                                              (4.20)                             (3.93)                  
                                                                                                                                                                                                   
 In accordance with IAS 33, as the Group has reported a loss for the period, diluted earnings per share are not included.  
                                                                                                                                                                                                   
 6.      CALLED-UP SHARE CAPITAL                                                                                                                                                                   
                                                                                                                                        30.06.14£                          30.06.13£               
                                                                                                                                                                                                   
 Allotted and fully paid                                                                                                                                                                           
                                                                                                                                                                                                   
 Ordinary shares 38,323,960 of 20p each (30.06.13: 37,873,960 of 20p each)                                                   7,664,792                          7,574,792  
                                                                                                                                                                                                   
 
 
 7.      RELATED PARTY TRANSACTIONS                                                                
 During the half year the company received consultancy advice from the following related parties:  
                                                                                                                                                               
                                                                                                   30.06.14       30.06.13    
 Company                                                                                           Related party  Payments £  Outstandingbalance£  Payments £  Outstandingbalance£  
 Axial Associates Limited                                                                          Mark Child     25,000      -                    25,000      -                    
 Burnbrae Limited                                                                                  Jim Mellon     12,500      -                    6,000       -                    
                                                                                                   
                                                                                                   
 8.      SEASONALITY OF THE GROUP'S BUSINESS OPERATIONS                                            
 
There are no seasonal factors which affect the trade of any company in the group.                
 
 
This information is provided by RNS
The company news service from the London Stock Exchange