CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE 6 MONTHS ENDED 31 DECEMBER 2023
REGISTERED OFFICE | TRANSFER SECRETARY | UNAUDITED ABRIDGED GROUP INTERIM RESULTS |
Suite 204 | Central Securities Depository Botswana | FOR THE 6 MONTHS ENDED 31 DECEMBER 2023 |
Grand Baie Business Quarters | Plot 65411, Fairgrounds | Company Registration - 111905 C1/GBL |
Chemin Vingts Pieds | Private Bag 0417 | |
Grand Bay, 30529 | Gaborone, Botswana | |
Republic of Mauritius | ||
COMPANY - 6 months ended |
Basic earnings per share (in USD) Diluted earnings per share (in USD) Number of Shares
31-Dec-23 | 31-Dec-22 |
USD | USD |
- | - |
- | - |
26 615 | - |
(17 666) | (614 087) |
- | - |
- | - |
8 949 | (614 087) |
754 429 | 386 376 |
(263 835) | (288 969) |
499 543 | (516 680) |
- | - |
499 543 | (516 680) |
499 543 | (516 680) |
499 543 | (516 680) |
499 543 | (516 680) |
COMPANY | |
31-Dec-23 | 31-Dec-22 |
USD | USD |
- | - |
- | - |
2 030 743 | 2 030 743 |
23 140 755 | 22 159 735 |
- | - |
- | - |
- | - |
25 171 498 | 24 190 478 |
18 282 547 | 17 792 963 |
(930 043) | (1 399 710) |
- | - |
17 352 505 | 16 393 253 |
3 936 725 | 3 942 280 |
3 500 000 | 3 500 000 |
7 436 725 | 7 442 280 |
- | - |
382 268 | 354 945 |
- | - |
382 268 | 354 945 |
7 818 993 | 7 797 225 |
25 171 498 | 24 190 478 |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE 6 MONTHS YEAR ENDED 31 DECEMBER 2023 | |
GROUP | COMPANY |
31-Dec-23 | 31-Dec-22 |
USD | USD |
546 281 | (469 942) |
(754 429) | (386 376) |
263 835 | 288 969 |
(55 687) | 567 349 |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
Revenue Cost of sales Gross Profit Other income Operating expenses Employee costs
Depreciation, amortisation and impairment expenses Operating loss
Finance income Finance cost
Profit (loss) for the period Taxation
Profit (loss) from continuing operations Other comprehensive income Available-for-sale financial assets adjustment Exchange difference on translating foreign operations
Total comprehensive profit (loss) for the period
Profit (loss) attributable to:
Owners of the parent Non-controlling interest
ASSETSNon-Current Assets
Property, plant and equipment Goodwill
Exploration assets Intangible Assets Right-to-use Investment in subsidiary Loans
Current Assets Inventories
Receivables and prepayments Cash and cash equivalent Total Assets
EQUITY AND LIABILITIES Equity
Equity attributable to owners of the parent
Stated capital (including advance against stated capital) Reserves
Accumulated loss Non-controlling interest Total equity
Non-Current Liabilities Loan notes
Finance Lease Libility Deferred consideration
Current Liabilities
Loans from group companies Trade and other payables Bank Overdraft
Total Current Liabilities Total Liabilities
Total Equity and Liabilities
CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations
Interest Income
Finance Costs
Foreign exchange losses/(gains) Tax paid
Net cash from operating activities
Net cash from investing activities
Net cash from financing activities
NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS
Cash and cash equivalent at the beginning of the period Effects of exchange rate movements
Total cash and cash equivalents at the end of the period Cash and Bank
Bank Overdraft
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023
Notes on Resources Statement
Shumba Energy has over 4 billion tons of coal of which an excess of 1 billion tons have been drilled to indicated and measured levels. These are the highest confidence levels of explorattion drilling and allowable resources to be Sechaba and Mabesekwa projects coal can be used for generating power and international export coal.
The multiple Thermal coal products from Morupule South Project may be sold into both Power Generation and Industrial markets both locally and internationally according to demand and the company's overall trade and supply demands.
By order of the board
The unaudited financial statements for the 6 Months ended 31 December 2023 is prepared in compliance with International Financial Reporting Standards (IFRS) but has not been reviewed by the Company's external auditors. The standard used for the disclosure of Mineral Resources, results, exploration is the JORC code
The Board of Directors accepts full responsibility of the accuracy of the information contained in the report.
The statement of direct and indirect directors and senior officers pursuant to section 8(2)M of the Securities (disclosure obligations of reporting issuers) rules 2005 is available free of charge at the registered office of the Company at Suite 204, Grand Baie Business Quarter, Grand Bay, Mauritius
Director: A M Clegg*, M Phumaphi, T Mokhathi, D K Chumum*^, A Rungussamy*^, T T Bolokwe*
*Appointed 9 June 2023 ^ Mauritius Resident Directors
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Shumba Energy Ltd. published this content on 27 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2024 07:38:09 UTC.