GEO ENERGY RESOURCES LIMITED - ANNUAL REPORT 2015 - page 91

NOTES TO FINANCIAL STATEMENTS /31 DECEMBER 2015
GEO ENERGY
RESOURCES
89
12 DEFERRED EXPENDITURE
Group
2015 2014
h^Ψ h^Ψ
ŽƐƚ͗
At beginning of year ϭ͕ϯϴϵ͕Ϯϳϲ 1,417,884
džĐŚĂŶŐĞ ĚŝīĞƌĞŶĐĞƐ ;ϭϯϲ͕ϰϲϭͿ (28,608)
At end of year ϭ͕ϮϱϮ͕ϴϭϱ ϭ͕ϯϴϵ͕Ϯϳϲ
ĐĐƵŵƵůĂƚĞĚ ĂŵŽƌƟƐĂƟŽŶ͗
At beginning of year ϱϯϱ͕ϭϴϱ ϱϰϲ͕ϮϬϲ
džĐŚĂŶŐĞ ĚŝīĞƌĞŶĐĞƐ ;ϱϮ͕ϱϲϵͿ (11,021)
At end of year 482,616 ϱϯϱ͕ϭϴϱ
ůůŽǁĂŶĐĞ ĨŽƌ ŝŵƉĂŝƌŵĞŶƚ͗
At beginning of year ϴϱϰ͕Ϭϵϭ –
/ŵƉĂŝƌŵĞŶƚ ůŽƐƐ ĐŚĂƌŐĞĚ ƚŽ ƉƌŽĮƚ Žƌ ůŽƐƐ ;EŽƚĞ ϮϳͿ – ϴϵϰ͕Ϭϭϯ
džĐŚĂŶŐĞ ĚŝīĞƌĞŶĐĞƐ ;ϴϯ͕ϴϵϮͿ ;ϯϵ͕ϵϮϮͿ
At end of year 770,199 ϴϱϰ͕Ϭϵϭ
ĂƌƌLJŝŶŐ ĂŵŽƵŶƚ͗
At end of year – –
At beginning of year – 871,678
/Ŷ ϮϬϭϰ͕ ƚŚĞ 'ƌŽƵƉ ŵĂĚĞ ĂŶ ŝŵƉĂŝƌŵĞŶƚ ůŽƐƐ ŽĨ h^Ψϴϵϰ͕Ϭϭϯ ĂŌĞƌ ĐŽŶƐŝĚĞƌŝŶŐ ƚŚĞ ĨĞĂƐŝďŝůŝƚLJ ŽĨ ƉĞƌĨŽƌŵŝŶŐ ƚŚĞ
ŵŝŶŝŶŐ ƐĞƌǀŝĐĞƐ ĂŶĚ ůŝŬĞůŝŚŽŽĚ ŽĨ ƌĞĐŽǀĞƌLJ ŽĨ ƚŚĞƐĞ ĚĞĨĞƌƌĞĚ ĞdžƉĞŶĚŝƚƵƌĞ ŝŶĐƵƌƌĞĚ ŝŶ ĐŽŶŶĞĐƟŽŶ ǁŝƚŚ ƚŚĞ ŵŝŶŝŶŐ
ƐĞƌǀŝĐĞƐ ĐŽŶƚƌĂĐƚƐ͘ dŚĞ ŝŵƉĂŝƌŵĞŶƚ ůŽƐƐ ǁĂƐ ƌĞĐŽŐŶŝƐĞĚ ŝŶ ƉƌŽĮƚ Žƌ ůŽƐƐ ĂŶĚ ŝŶĐůƵĚĞĚ ŝŶ ƚŚĞ ůŝŶĞ ŝƚĞŵ ŽƚŚĞƌ ĞdžƉĞŶƐĞƐ
(Note 27).
13 DEFERRED STRIPPING COSTS
Group
2015 2014
h^Ψ h^Ψ
ŽƐƚ͗
At beginning of year – –
ĚĚŝƟŽŶ 1,446,472 –
At end of year 1,446,472 –