by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Whitehaven Coal Limited : Annual Report 2011
WhitehavenCoalLimited–AnnualReport2011 83 noteS to the Financial StatementS 30 june 2011 7. siGNifiCANT iTEms (CONTiNuEd) 3 This expense relates to the issue of executive shares and executive options The Board committed to issue these shares and options on 19 February 2009 These shares and options were subsequently approved by shareholders at the AGM on 17 November 2009 Accounting standard AASB 2 deems the issue date of these shares and options to be the date shareholder approval was formally received Accordingly, the company is required to account for the issue based on the prevailing share price at the date of the AGM 4 During the year the Group undertook due diligence on a number of projects in relation to corporate and asset transactions 5 A receivable arising on a previous sell down of the Narrabri North Project is denominated in US$ and has been discounted on initial recognition At the reporting date the receivable has been retranslated to Australian dollars at current exchange rates, and the discount partially unwound The resulting income and expense have been disclosed as significant items Significant items are amounts considered by the company not to be in the normal course of operations and are generally one-off or non-recurring 8. REvENuE Consolidated In thousands of AUD 2011 2010 Sale of coal 622,186 406,807 9. OThER iNCOmE Before significant items: Hire of plant 4,548 3,569 Rental income 1,027 350 Gain on Sale of Non-Current assets 294 165 Sundry income1 9,315 5,343 15,184 9,427 significant items: Gain on sale of interest in Narrabri project2 – 114,314 – 114,314 1 Included within sundry income is $6 1 million (2010: $2 9 million) of the Group’s share of income from the Blackjack Carbon Joint Venture 2 During the prior year the Group sold 75% of its joint venture interest in the Narrabri North Project Refer to Note 7 for further details of this transaction 10. OThER ExPENsEs Consolidated In thousands of AUD 2011 2010 Payments for unfulfilled legacy contracts 39,842 – Share based compensation payments 6,431 17,485 46,273 17,485 11. PERsONNEL ExPENsEs Wages and salaries 53,989 37,159 Contributions to superannuation plans 4,988 3,494 Other associated personnel expenses 2,404 1,950 Increase in liability for annual leave 1,329 1,500 Increase in liability for long-service leave 100 100 Share-based compensation payments 6,431 17,485 69,241 61,688
Annual Report 2010
Annual Report 2012