RE:RE:Company Gold ...This is what they call an total asset balance sheet...
BALANCE SHEET On June 30, 2015, the total assets of the Company amounted to $91,902,745 compared to $106,619,619 as at June 30, 2014. This difference is mainly due to a decrease of property, plant and equipment of $11,249,930, cash of $2,685,759 and tax credits receivable of $2,048,954 offset by the increase of exploration and evaluation assets of $1,116,044. The assets are detailed as follows: Assets June 30 2015 $ June 30 2014 $ Cash 3,043,728 5,729,487 Marketable security 10,000 - Sales taxes receivable 700,861 859,972 Tax credit receivable 602,048 2,651,002 Other receivables 98,125 308,976 Prepaid expenses 349,038 507,939 Material, supplies and gold inventory 6,265,522 6,677,340 11,069,322 16,734,716 Security deposits 1,642,344 559,938 Exploration and evaluation assets 17,372,168 16,256,124 Property, plant and equipment 61,818,911 73,068,841 80,833,423 89,884,903 91,902,745 106,619,619 Gold inventory The gold inventory in the circuit as at June 30, 2015 totaled 3,591 ounces and the dor bars totaled 729 ounces. According to the accounting policy of the Company, the gold inventory is valued at the lower of cost and net realizable value. The cost of the gold inventory was $4,595,372 while the net realizable value was $5,607,686 as at June 30, 2015.