5-year Statements

The following information summarises the financial statements. Complete financial statements are available in pdf format by clicking on the "Reports" link on the left.

Consolidated Statement of Comprehensive Income
	Year ended 31 Dec. 2010 US$'000	Year ended 31 Dec. 2009 US$'000	Year ended 31 Dec. 2008 US$'000	Restated Year ended 31 Dec. 2007 US$'000	Year ended 31 Dec. 2006 US$'000
Revenue	-	-	-	-	-
Administrative expenses	(4,101)	(3,111)	(4,314)	(4,569)	(6,168)
Operating income	188	-	-	6	40
Exchange gain (loss) - operating activities	270	(2,197)	(3,571)	644	402

Loss from operations	(3,643)	(5,308)	(7,885)	(3,919)	(5,726)
Finance income	50	104	440	935	294
Finance expense	(104)	(187)	(118)	(360)	(491)
Exchange gain (loss) - financing activities	46	10	(345)	19	501
Loss on ordinary activities before tax	(3,651)	(5,381)	(7,908)	(3,325)	(5,422)
Income tax credit (expense)	129	124	10	(55)	(191)
	(3,522)	(5,257)	(7,898)	(3,380)	(5,613)
Non-controlling interest - equity	-	-	-	-	38
Profit (loss) from discontinued operations	-	-	-	20,547	(209)
(Loss) profit for the year	(3,522)	(5,257)	(7,898)	17,167	(5,784)

Basic (loss) profit per ordinary share (cents)	(3.65)	(6.19)	(15.45)	41.70	(14.05)

Consolidated Statement of Financial Position
	As at 31 Dec. 2010 US$'000	As at 31 Dec. 2009 US$'000	As at 31 Dec. 2008 US$'000	Restated As at 31 Dec. 2007 US$'000	As at 31 Dec. 2006 US$'000
Assets
Non-current assets
Tangible assets	73,077	60,381	50,430	27,241	23,265
Exploration and evaluation properties	29,875	18,881	17,089	15,058	29,800
Trade and other receivables	745	4,022	8,359	9,314	6,002
Investments	-	-	-	-	-
Total non-current assets	103,697	83,284	75,878	51,613	59,067

Current assets
Stocks - consumables	642	-	-	-	-
Trade and other receivables	6,423	1,515	3,460	2,403	2,722
Cash at bank	3,981	1,953	4,549	27,630	2,551
Total current assets	11,046	3,468	8,009	30,033	5,273
Total assets	114,743	86,752	83,887	81,646	64,340

Liabilities
Non-current liabilities
Loans and borrowings	32,939	7,255	-	10,000	10,000
Provisions	331	304	254	267	200
Total non-current liabilities	33,270	7,559	254	10,267	10,200

Current liabilities
Trade and other payables	2,674	3,707	3,158	3,519	3,256
Borrowings	-	-	-	-	350
Total current liabilities	2,674	3,707	3,158	3,519	3,606
Total liabilities	35,944	11,266	3,412	13,786	13,806
Total net assets	78,799	75,486	80,475	67,860	50,534

Capital and reserves attributable to owners of the Company
Share capital	17,323	15,103	15,103	6,951	6,951
Share premium	77,938	73,311	73,311	60,821	60,821
Retained (deficit) earnings	(16,462)	(12,928)	(7,939)	88	(17,238)
Total equity	78,799	75,486	80,475	67,860	50,534

Consolidated Cash Flow Statement
	Year ended 31 Dec. 2010 US$'000	Year ended 31 Dec. 2009 US$'000	Year ended 31 Dec. 2008 US$'000	Restated Year ended 31 Dec. 2007 US$'000	Year ended 31 Dec. 2006 US$'000
Cash flows from operating activities
Loss for the year	(3,522)	(5,257)	(7,898)	(3,325)	(5,422)
Adjustment for:
Depreciation	1,578	1,692	1,138	469	385
Depreciation charged to assets under construction and deferred exploration and evaluation costs	(1,552)	(1,273)	(1,076)	(410)	(293)
Finance expense (income) - net	8	73	23	(594)	(304)
Share based payments	488	268	(129)	160	(168)
Corporation tax credit	(129)	(124)	(10)	-	-
Deferred exploration and evaluation expenditure written off	-	(253)	-	-	-
Loss on sale of property, plant and equipment	50	61	-	10	9
Cash flow from operating activities before changes in working capital	(3,079)	(4,813)	(7,952)	(3,690)	(5,793)

Increase in inventories	(642)	-	-	-	-
(Increase) decrease in trade and other receivables	(4,244)	1,695	(5,460)	(358)	(1,551)
(Decrease) increase in trade and other payables	(631)	30	479	75	940
Cash used in operations	(8,596)	(3,088)	(12,933)	(3,973)	(6,404)

Corporation tax received (paid)	160	121	2	(104)	(203)
Interest paid on borrowings	(440)	(130)	(814)	(103)	-
Discontinued operations	-	-	(2)	(566)	233
Net cash flows used in operating activities	(8,876)	(3,097)	(13,747)	(4,746)	(6,374)

Investing activities
Purchase of property, plant and equipment (PPE)	(10,266)	(5,699)	(19,265)	(10,707)	(8,796)
Proceeds from sale of PPE	23	1	-	10	2
Purchase of exploration and evaluation assets including capitalised interest	(11,431)	(1,170)	(630)	(1,967)	(2,842)
Interest received	50	104	456	919	303
	(21,624)	(6,764)	(19,439)	(11,745)	(11,333)
Discontinued operations	-	-	-	37,085	(2,495)
Net cash flows (used in) generated from investing activities	(21,624)	(6,764)	(19,439)	25,340	(13,828)

Financing activities
Proceeds from issuance of ordinary shares, net of expenses	6,847	-	12,450	-	-
Proceeds from bank borrowings	27,635	3,255	-	-	-
Proceeds from long term borrowings	2,000	6,500	2,000	-	10,000
Repayment of long term borrowings	(4,000)	(2,500)	(4,000)	-	-
	32,482	7,255	10,450	-	10,000
Discontinued operations	-	-	-	4,466	350
Net cash flows generated from financing activities	32,482	7,255	10,450	4,466	10,350

Net increase (decrease) in cash and cash equivalents	1,982	(2,606)	(22,736)	25,060	(9,852)

Cash and cash equivalents at beginning of the year	1,953	4,549	27,630	2,551	11,902
Exchange gains (losses) on cash and cash equivalents	46	10	(345)	19	501
Cash and cash equivalents at end of the year	3,981	1,953	4,549	27,630	2,551

Disclaimer

1. The maintenance and integrity of the Trans-Siberian Gold plc website is the responsibility of the directors; the work carried out by the Company's auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website.

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