Westgold Resources Limited Annual Report 2020

53 Westgold Resources Limited Annual Report 2020 for the year ended 30 June 2020 Financial Report Consolidated Statement of Comprehensive Income Notes 2020 2019 Continuing operations Revenue 5 492,268,271 418,317,447 Cost of sales 7(a) (462,752,732) (408,078,123) Gross profit 29,515,539 10,239,324 Other income 6 5,921,274 5,519,887 Gain on demerger of subsidiary 38 8,727,618 – Finance costs 7(b) (918,881) (1,325,025) Other expenses 7(c) (7,915,557) (9,129,172) Accumulated mill scats written off – (11,628,184) Net gain on fair value changes of financial assets 15 8,888,756 24,474,899 Exploration and evaluation expenditure written off 18 (356,317) (5,471,706) Profit before income tax from continuing operations 43,862,432 12,680,023 Income tax (expense) benefit 8 (9,255,117) 807,116 Profit for the year from continuing operations 34,607,315 13,487,139 Discontinued operations Profit from discontinued operations after tax 39 – 642,925 Net profit for the year 34,607,315 14,130,064 Other comprehensive profit for the year, net of tax – – Total comprehensive profit for the year 34,607,315 14,130,064 Total comprehensive profit attributable to: members of the parent entity 34,607,315 14,130,064 34,607,315 14,130,064 Earnings per share attributable to the ordinary equity holders of the parent (cents per share) Basic profit per share Continuing operations 9 8.65 3.57 Discontinued operations 9 – 0.17 Total operations 8.65 3.74 Diluted profit per share Continuing operations 9 8.65 3.57 Discontinued operations 9 – 0.17 Total operations 8.65 3.74