NOTES TO FINANCIAL STATEMENTS
/
31 DECEMBER 2015
GEO
ENERGY
RESOURCES
93
ϭϰ WZKW Zdz͕ W> Ed E Yh/WD Ed ;ĐŽŶƚ͛ĚͿ
dŽƚĂů ĚĞƉƌĞĐŝĂƟŽŶ ŽĨ ƉƌŽƉĞƌƚLJ͕ ƉůĂŶƚ ĂŶĚ ĞƋƵŝƉŵĞŶƚ ǁĂƐ ĂůůŽĐĂƚĞĚ ĂƐ ĨŽůůŽǁƐ͗
Group
2015
2014
h^Ψ
h^Ψ
ŚĂƌŐĞĚ ƚŽ ƉƌŽĮƚ Žƌ ůŽƐƐ ;EŽƚĞ ϯϬͿ
ϰ͕ϱϯϵ͕Ϭϴϭ
ϲ͕ϱϴϯ͕ϳϰϬ
Capitalised as inventory
ϵϬ͕Ϭϭϱ
–
4,629,096
ϲ͕ϱϴϯ͕ϳϰϬ
15
INVESTMENT PROPERTIES
Group
Company
2015
2014
2015
2014
h^Ψ
h^Ψ
h^Ψ
h^Ψ
At fair value
At beginning of year
ϯ͕ϰϴϰ͕Ϭϱϴ
ϯ͕ϰϳϱ͕ϱϭϯ
ϯ͕ϰϴϰ͕Ϭϱϴ
ϯ͕ϰϳϱ͕ϱϭϯ
ĚĚŝƟŽŶƐ
ϯϮϲ͕ϲϯϳ
–
–
–
Change in fair value (Notes 26 and 27)
(244,644)
ϭϱϳ͕ϲϮϰ
;ϰϯϱ͕ϮϰϯͿ
ϭϱϳ͕ϲϮϰ
džĐŚĂŶŐĞ ĚŝīĞƌĞŶĐĞƐ
(229,716)
(149,079)
;ϮϮϭ͕ϯϲϬͿ
(149,079)
At end of year
ϯ͕ϯϯϲ͕ϯϯϱ
ϯ͕ϰϴϰ͕Ϭϱϴ
Ϯ͕ϴϮϳ͕ϰϱϱ
ϯ͕ϰϴϰ͕Ϭϱϴ
dŚĞƐĞ ŝŶĐůƵĚĞ ƚŚĞ ĨŽůůŽǁŝŶŐ ƌĞůĂƚĞĚ ƚŽ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƟĞƐ ĐůĂƐƐŝĮĞĚ ƵŶĚĞƌ >ĞǀĞů ϯ ŽĨ ƚŚĞ ĨĂŝƌ ǀĂůƵĞ ŚŝĞƌĂƌĐŚLJ͗
Group
Company
2015
2014
2015
2014
h^Ψ
h^Ψ
h^Ψ
h^Ψ
;>ŽƐƐͿ ŐĂŝŶ ĨƌŽŵ ĨĂŝƌ ǀĂůƵĞ ĂĚũƵƐƚŵĞŶƚƐ
ഩŝŶĐůƵĚĞĚ ŝŶ ƉƌŽĮƚ Žƌ ůŽƐƐ
(244,644)
ϭϱϳ͕ϲϮϰ
;ϰϯϱ͕Ϯϰϯ)
ϭϱϳ͕ϲϮϰ
dŚĞ 'ƌŽƵƉ ĂŶĚ ŽŵƉĂŶLJ͛Ɛ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƟĞƐ ĂƌĞ ŚĞůĚ ƵŶĚĞƌ ůĞĂƐĞŚŽůĚ ŝŶƚĞƌĞƐƚƐ͘
&Ăŝƌ ǀĂůƵĞ ŵĞĂƐƵƌĞŵĞŶƚ ŽĨ ƚŚĞ 'ƌŽƵƉ͛Ɛ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƟĞƐ
Ɛ Ăƚ ƚŚĞ ĞŶĚ ŽĨ ƚŚĞ ƌĞƉŽƌƟŶŐ ƉĞƌŝŽĚ͕ ƚŚĞ ĨĂŝƌ ǀĂůƵĞ ŽĨ ƚŚĞ 'ƌŽƵƉ͛Ɛ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƟĞƐ ŚĂǀĞ ďĞĞŶ ĚĞƚĞƌŵŝŶĞĚ ŽŶ
ƚŚĞ ďĂƐŝƐ ŽĨ ǀĂůƵĂƟŽŶ ĐĂƌƌŝĞĚ ŽƵƚ ďLJ ŝŶĚĞƉĞŶĚĞŶƚ ǀĂůƵĞƌƐ͕ ŚĂǀŝŶŐ ĂƉƉƌŽƉƌŝĂƚĞ ƌĞĐŽŐŶŝƐĞĚ ƉƌŽĨĞƐƐŝŽŶĂů ƋƵĂůŝĮĐĂƟŽŶƐ
ĂŶĚ ƌĞĐĞŶƚ ĞdžƉĞƌŝĞŶĐĞ ŝŶ ƚŚĞ ůŽĐĂƟŽŶ ĂŶĚ ĐĂƚĞŐŽƌLJ ŽĨ ƚŚĞ ƉƌŽƉĞƌƟĞƐ ďĞŝŶŐ ǀĂůƵĞĚ͘ dŚĞ ǀĂůƵĂƟŽŶ ǁĂƐ ĂƌƌŝǀĞĚ ƵƐŝŶŐ
ĚŝƌĞĐƚ ŵĂƌŬĞƚ ĐŽŵƉĂƌŝƐŽŶ ŵĞƚŚŽĚ ;ϮϬϭϰ ͗ ĚŝƌĞĐƚ ŵĂƌŬĞƚ ĐŽŵƉĂƌŝƐŽŶ ŵĞƚŚŽĚͿ͘
ƵƌŝŶŐ ƚŚĞ LJĞĂƌ͕ ŝŶ ĞǀĂůƵĂƟŶŐ ƚŚĞ ĨĂŝƌ ǀĂůƵĞ ŽĨ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƟĞƐ͕ ƚŚĞ ŚŝŐŚĞƐƚ ĂŶĚ ďĞƐƚ ƵƐĞ ŽĨ ƚŚĞ ƉƌŽƉĞƌƚLJ
ŝƐ ƚŚĞŝƌ ĐƵƌƌĞŶƚ ƵƐĞ͘ dŚĞƌĞ ŚĂƐ ďĞĞŶ ŶŽ ĐŚĂŶŐĞ ƚŽ ƚŚĞ ǀĂůƵĂƟŽŶ ƚĞĐŚŶŝƋƵĞ ĚƵƌŝŶŐ ƚŚĞ LJĞĂƌ͘ DĂŶĂŐĞŵĞŶƚ ŚĂƐ
ĂůƐŽ ĐŽŶƐŝĚĞƌĞĚ ƚŚĞ ĨĂŝƌ ǀĂůƵĞ ŽĨ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƟĞƐ ďĂƐĞĚ ŽŶ ůĂƚĞƐƚ ĂǀĂŝůĂďůĞ ŝŶĨŽƌŵĂƟŽŶ ŽŶ ƚŚĞ ĂƌŵƐͲůĞŶŐƚŚ
ƚƌĂŶƐĂĐƟŽŶĂů ƉƌŝĐĞ ĨŽƌ ƚŚĞ ƌĞůĞǀĂŶƚ ƉƌŽƉĞƌƟĞƐ͘
