Speciality Metals International Limited Annual Report 2019

Page | 31 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2019 2019 2018 Note $ $ Revenue 2 22,515 29,546 Other income 2 223,421 13,228 Administration expenses (259,941) (198,698) Consultant expenses (848,185) (366,377) Depreciation 7 (14,511) (1,101) Development and testwork costs (124,277) (51,833) Loss on revaluation of financial assets - (76,166) Gain/(Loss) on revaluation of investments (5,027) 3,996 Exploration expenses written off - (454,898) Finance costs (23,660) (2,627) Foreign exchange gains (losses) (9,794) - Impairment reversal (deferred exploration and evaluation assets) 8 5,635,331 - Occupancy expenses (60,353) (40,117) Salaries and employee benefits expense (608,255) (269,020) Superannuation (8,075) (8,075) Travel and accommodation (110,326) (50,124) Other expenses - (6,480) PROFIT (LOSS) BEFORE INCOME TAX EXPENSE 3,808,863 (1,478,746) INCOME TAX EXPENSE 3 - - PROFIT (LOSS) AFTER INCOME TAX EXPENSE 3,808,863 (1,478,746) TOTAL COMPREHENSIVE PROFIT / (LOSS) ATTRIBUTABLE TO OWNERS OF SPECIALITY METALS INTERNATIONAL LIMITED 3,808,863 (1,478,746) Cents Cents Basic profit (loss) per share 11 0.67 (0.29) Diluted profit (loss) per share 11 0.67 (0.29)