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Year ended 31 December 2012
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
See accompanying notes to the fnancial statements.
GEO ENERGY RESOURCES LIMITED | Annual Report 2012 51
Group
Note 2012 2011
US$ US$
Revenue 27 78,764,813 69,246,013
Cost of sales (42,530,398) (42,587,325)
Gross proft 36,234,415 26,658,688
Other income 28 364,791 298,847
General and administrative expenses (6,302,971) (5,249,348)
Other expenses 29 (2,300,124) (492,169)
Finance costs 30 (1,463,972) (1,943,842)
Proft before income tax 26,532,139 19,272,176
Income tax expense 31 (7,365,052) (4,831,577)
Proft for the year 32 19,167,087 14,440,599
Other comprehensive income, net of tax:
Exchange differences on translation (4,452,460) (592,932)
Total comprehensive income for the year 14,714,627 13,847,667
Proft attributable to:
Owners of the Company 18,925,339 14,320,768
Non-controlling interests 241,748 119,831
19,167,087 14,440,599
Total comprehensive income attributable to:
Owners of the Company 14,497,948 13,731,991
Non-controlling interests 216,679 115,676
14,714,627 13,847,667
Earnings per share 33
- Basic (cents) 2.16 1.79
- Diluted (cents) 2.04 1.59