Half Year Accounts and Appendix 4DWed, 29 Feb 2012 15:13:00 +1000 9 hours, 27 minutes ago
VERUS INVESTMENTS LIMITED ABN 59 009 575 035 ASX Appendix 4D & Financial report for the half-year ended 31 December 2011 Verus Investments Limited ASX Appendix 4D & Financial report for the half-year ended 31 December 2011 Page Results for announcement to market Directors’ report Auditor’s independence declaration Independent auditor’s review report Condensed consolidated statement of comprehensive income Condensed consolidated statement of financial position Condensed consolidated statement of changes in equity Condensed consolidated statement of cash flows Notes to the consolidated financial statements Directors’ declaration Other appendix 4D information 1 2 6 7 9 10 11 12 13 19 20 Verus Investments Limited ABN 59 009 575 035 Results for announcement to the market Current reporting period: half-year ended 31 December 2011 and previous reporting period: half-year ended 31 December 2010 Results Revenues Loss from ordinary activities after tax attributable to members Net Loss for the period attributable to members Down A$ 13% 264% 264% to 155,304 4,054,242 4,054,242 Up Up to to Dividends (distributions) Current period Interim dividend declared Final dividend paid Previous corresponding period Interim dividend declared Special dividend paid Final dividend paid Record date for determining entitlements to the dividend, Amount per security Franked amount per security - - - - N/A A brief explanation of revenue, net profit and dividends has been detailed in the enclosed Directors’ report, Statement of comprehensive income, Statement of financial position, Statement of cash flows and Notes to financial statements. -1- Verus Investments Limited Directors’ Report For the half-year ended 31 December 2011 The directors of Verus Investments Limited (“Company” “Verus”) submit herewith the financial report of the consolidated entity for the half-year ended 31 December 2011. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows: Directors The names of directors who held office during or since the end of the half-year and until the date of this report are noted below.
Directors were in office for this entire period unless otherwise stated. Mr. Sam Russotti (appointed 25 November 2011 ) Mr.
Mark Freeman Mr. Gregory Lee Mr. David Calcei (resigned 25 November 2011) Mr.
Andrew McIlwain (resigned 25 November 2011) Result The consolidated loss for the half year was $4,054,242 (2010:$ 1,113,874). Review of Operations Sidi Dhaher Project Tunisia 10% Working Interest (WI) Operator: ADX Energy Limited (ASX code: ADX) During July and August 2011 the rig was being prepared |
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