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14 GEO ENERGY RESOURCES LIMITED | Annual Report 2012
2012 FINANCIAL & OPERATIONS REVIEW
Excellence
perational
Financial Highlights
(US$’ million) FY2010 FY2011 FY2012
Revenue 50.1 69.2 78.8
Gross Profit 19.0 26.7 36.2
Profit before income tax 15.4 19.3 26.5
Net Profit 11.1 14.4 19.2
Current Assets 11.8 8.3 78.4
Current Liabilities 29.0 28.3 19.0
Total Equity 13.3 26.7 123.7
Cash & Cash Equivalents 2.2 4.2 69.0
Debt to Equity Ratio* 1.4 1.0 0.1
Net Asset Value per Share (US cents)** 1.2 2.3 10.7
Diluted Earnings per Share (US cents)** 1.0 1.2 1.7
Return on Equity 82.8% 54.2% 15.5%
Return on Total Assets 21.9% 15.2% 12.4%
* Defined as the sum of indebtedness to financial institutions and convertible loans divided by total equity
** Based on share capital of 1,157,050,891 ordinary shares as at 31 December 2012
Geo Energy’s financial performance for FY2012 has
been encouraging and is a testament to the progress
made by the Group. While Geo Energy’s current
capabilities are notable, we are committed to growing
the Group’s operations and taking Geo Energy to the
next level.