Page 95 - ar2012

31 December 2012
NOTESTO FINANCIAL STATEMENTS
GEO ENERGY RESOURCES LIMITED | Annual Report 2012 91
32 PROFIT FOR THE YEAR
This has been arrived at after charging:
Group
2012 2011
US$ US$
Directors’ remuneration 925,377 852,340
Employee benefts expense (including directors’ remuneration) 9,360,117 7,315,979
Costs of defned contribution plans (included in employee benefts expense) 60,989 35,879
Costs of defned beneft plans (included in employee benefts expense)
(Note 22A) 605,937 574,574
Cost of inventories recognised as expense 29,644,337 33,450,597
Depreciation of property, plant and equipment (Note 15) 10,347,888 6,527,774
Deferred mining evaluation assets written-off (included in cost of sales) 52,610 –
Audit fees paid/payable to:
- Auditors of the Company 124,437 20,512
- Other auditors 108,381 –
Listing expense paid/payable to:
- Auditors of the Company 480,024 248,147
- Other auditors 71,764 –
Non-audit fees paid/payable to:
- Auditors of the Company 19,990 –
- Other auditors 6,500 –
33 EARNINGS PER SHARE
The calculation of the basic and diluted earnings per share attributable to the owners of the Company is based on
the following data:
2012 2011
US$ US$
Earnings
Earnings for the purpose of basic earnings per share
(proft for the year attributable to owners of the Company) 18,925,339 14,320,768
Effect of dilutive potential ordinary shares:
- Interests on convertible loans 527,116 –
Earnings for the purpose of diluted earnings per share 19,452,455 14,320,768