Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Ambre Energy Limited Annual Report 30 June 2012 Lr

Ambre Energy Limited Annual Report 30 June 2012 Lr

Ratings: (0)|Views: 550 |Likes:
Published by earthfixteam
Ambre Energy Limited Annual Report 30 June 2012
Ambre Energy Limited Annual Report 30 June 2012

More info:

Published by: earthfixteam on Feb 13, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

02/13/2013

pdf

text

original

 
 About Ambre Energy 
 Ambre Energy Limited is an unlistedpublic company headquartered inBrisbane, Australia, with operatingand non-operating mining assets,and port infrastructure assets,located in the USA. The company’s US operationscurrently produce more than 3Mtof thermal coal per year from theirwestern US coal mines, with outputsold domestically to power utilities. Ambre is planning to extend thescale of its coal mining operationsand commence the export of coalto power utilities located in Asiathrough its own port facilities in theUS Pacific Northwest: MillenniumBulk Terminals (MBT) in WashingtonState (62% owned by Ambre), andthe Morrow Pacific project (MPP) atPort of Morrow and Port Westwardin Oregon (100% owned by Ambre). Ambre is also assessingdevelopment opportunities at Portof Corpus Christi in Texas. Through its Ambre Fuels subsidiary,the company is progressing plansto capitalise on the versatility of coaland its ability to be converted toliquid fuels for transportation.
 Ambre Energy business structure
Other activitiesOil Shale Ambre FuelsLimited Australian coalexploration Ambre Energy Limited Ambre Energy North America, Inc.International coalmarketing and tradingUS coal exportinfrastructureMillenniumBulk Terminals -Longview (62%)Morrow Pacificproject (100%)Gulf States BulkTerminal (100%)US coal productionDecker mine (50%)Black Butte mine(50%)Big Horn deposit(100%)Rosebud deposit(100%)
 
CONTENTS
Directors’ Report ..............................................................................................4
Directors .........................................................................................................4Company Secretary ........................................................................................6Principal activities ............................................................................................7Review of operations and assets .....................................................................8Operating results (Corporate and financial position) .......................................14Significant changes in the state of affairs ......................................................14Events arising after balance sheet date .........................................................15Likely developments ......................................................................................16Directors’ meetings .......................................................................................16Dividends ......................................................................................................16Share options................................................................................................16Unissued shares under option .......................................................................17Shares issued during or since the end of the year as a result of exercise .......18Environmental legislation ...............................................................................18Indemnifications of officers and auditors ........................................................18Proceedings on behalf of a company ............................................................18 Auditor’s independence declaration...............................................................18
 Auditor’s independence declaration .............................................................19Financial report ...............................................................................................20Consolidated statement of comprehensive income ...................................21Consolidated statement of financial position ..............................................22Consolidated statement of cash flows .........................................................23Consolidated statement of changes in equity .............................................24Notes to the financial statements .................................................................25Directors’ declaration ....................................................................................75Independent auditor’s report .........................................................................76Corporate directory ........................................................................................80
3

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->