Speciality Metals International Limited Annual Report 2020

Speciality Metals International Limited Annual Report 2020 33 Consolidated Statement of Profit or Loss and Other Comprehensive Income Page | 34 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 2020 2019 Note $ $ Revenue 2 748,578 22,515 Other income 2 338,867 223,421 Total revenue & other income 1,087,445 245,936 Administration expenses (514,412) (259,941) Consultant expenses (172,600) (848,185) Depreciation 9 (219,655) (14,511) Development and testwork costs (351,955) (124,277) Exploration expenses written-off (29,361) - Finance costs (7,448) (23,660) Foreign exchange gains (losses) (91,226) (9,794) Impairment reversal (deferred exploration and evaluation assets) 10 - 5,635,331 Impairment expense (deferred exploration and evaluation assets) 10, 19 (140,855) - Occupancy expenses (53,193) (60,353) Other expenses (8,564) - Production expenses (664,773) - Salaries and employee benefits expense (1,626,893) (608,255) Share based payments 26 (45,000) - Superannuation (92,772) (8,075) Travel and accommodation (85,191) (110,326) Total Expenses (4,103,898) 3,567,954 PROFIT (LOSS) BEFORE INCOME TAX EXPENSE (3,016,453) 3,813,890 INCOME TAX EXPENSE 3 - - PROFIT (LOSS) AFTER INCOME TAX EXPENSE (3,016,453) 3,813,890 Other comprehensive income/(loss) Gain/(loss) on revaluation of financial assets 773 (5,027) TOTAL COMPREHENSIVE PROFIT / (LOSS) ATTRIBUTABLE TO OWNERS OF SPECIALITY METALS INTERNATIONAL LIMITED (3,015,680) 3,808,863 Cents Cents Basic profit (loss) per share 13 (0.30) 0.67 Diluted profit (loss) per share 13 (0.30) 0.67 For the year ended 30 June 2020