DFR GOLD INC. (formerly known as Diamond Fields Resources Inc.) Unaudited condensed consolidated interim financial statements For the three-months period ended March 31, 2023
(All amounts are expressed in United States dollars, unless otherwise stated)
UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
In accordance with National Instrument NI 51-102 released by Canadian Securities Administrators, the Company discloses that its auditors have not reviewed these unaudited condensed consolidated interim financial statements for the three-months period ended March 31, 2023.
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DFR GOLD INC. (formerly known as Diamond Fields Resources Inc.) Condensed consolidated statements of financial position
At March 31, 2023
(All amounts are expressed in United States dollars)
(Unaudited) | (Audited) | ||||
March 31, | December 31, | ||||
Notes | 2023 | 2022 | |||
$ | $ | ||||
ASSETS | |||||
Current assets | 7 | 1,188,692 | |||
Cash and cash equivalents | 1,346,259 | ||||
Other receivables | 8 | 418,856 | 365,084 | ||
1,607,548 | 1,711,343 | ||||
Non-current assets | 9 | 35,253 | |||
Property, plant, and equipment | 36,448 | ||||
35,253 | 36,448 | ||||
Total assets | 1,642,801 | 1,747,791 | |||
LIABILITIES | |||||
Current liabilities | 12 | 1,230,973 | |||
Accounts payable and accrued liabilities | 271,807 | ||||
Borrowings | 13 | 5,797 | 5,797 | ||
Deferred consideration payable | 14 | 110,000 | 110,000 | ||
1,346,770 | 387,604 | ||||
EQUITY AND RESERVES | 15 | 72,504,412 | |||
Share capital | 72,504,412 | ||||
Contributed surplus | 15 | 4,380,710 | 4,115,630 | ||
Accumulated deficit | (78,877,932) | (77,715,606) | |||
Foreign currency translation reserve | (19,839) | (3,732) | |||
Deficit | (2,012,649) | (1,099,296) | |||
Non-controlling interests | 16 | 2,308,680 | 2,459,483 | ||
Total equity | 296,031 | 1,360,187 | |||
Total equity and liabilities | 1,642,801 | 1,747,791 | |||
Events after the reporting period (Note 24)
"John McGloin" | "Bertrand Boulle" |
Director | Director |
The above condensed consolidated statements of financial position should be read in conjunction with the accompanying notes on pages 7 to 38.
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DFR GOLD INC. (formerly known as Diamond Fields Resources Inc.) Consolidated statements of profit or loss and other comprehensive income (loss) For the three-months period ended March 31, 2023
(All amounts are expressed in United States dollars)
(Unaudited) | (Unaudited) | |||||
Three-monthsThree-months | ||||||
period ended | period ended | |||||
March 31, | March 31, | |||||
Notes | 2023 | 2022* | ||||
CONTINUING OPERATIONS | $ | $ | ||||
Operating expenses | 15(iii) | (265,080) | ||||
Share-based compensation | - | |||||
Exploration and evaluation: | 17 | (708,721) | ||||
- Exploration and evaluation expenses | (127,301) | |||||
General and administrative expenses | 18 | (330,828) | (444,818) | |||
(1,304,629) | (572,119) | |||||
Interest income | 4,304 | - | ||||
Share of loss of joint venture | 10(b) | (23,465) | - | |||
Foreign exchange gain | 14,688 | 713 | ||||
(4,473) | 713 | |||||
Net loss for the period from continuing operations | (1,309,102) | (571,406) | ||||
DISCONTINUED OPERATIONS | ||||||
Loss from discontinued operations | 11(i) | - | (12,378) | |||
Net loss for the period | (1,309,102) | (583,784) | ||||
Other comprehensive income (loss) | ||||||
Items that may be reclassified to profit or loss | ||||||
Exchange differences on translation of foreign operations | (20,134) | (2,992) | ||||
Total comprehensive loss for the period | (1,329,236) | (586,776) | ||||
Loss attributable to: | ||||||
- | Equity shareholders - Continuing operations | (1,162,326) | (571,406) | |||
- Equity shareholders - Discontinued operations | - | (12,378) | ||||
- | Non-controlling interest | (146,776) | - | |||
(1,309,102) | (583,784) | |||||
Total comprehensive loss attributable to: | ||||||
- | Equity shareholders - Continuing operations | (1,178,433) | (574,398) | |||
- Equity shareholders - Discontinued operations | - | (12,378) | ||||
- | Non-controlling interest | (150,803) | - | |||
(1,329,236) | (586,776) |
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DFR GOLD INC. (formerly known as Diamond Fields Resources Inc.) Consolidated statements of profit or loss and other comprehensive income (loss) For the three-months period ended March 31, 2023
(All amounts are expressed in United States dollars)
(Unaudited) | (Unaudited) | |||||
Three-monthsThree-months | ||||||
period ended | period ended | |||||
March 31, | March 31, | |||||
Notes | 2023 | 2022* | ||||
$ | $ | |||||
Loss per share from continuing operations: | ||||||
- | Basic and diluted | (0.01) | (0.01) | |||
Loss per share from discontinuing operations: | ||||||
- | Basic and diluted | (0.00) | (0.00) | |||
Total loss per share: | ||||||
- | Basic and diluted | (0.01) | (0.01) |
Weighted average number of common shares outstanding:
- | Basic and diluted | 181,670,852 | 79,842,329 |
* Re-presented to reflect the change in presentation of discontinued operations as set out in Notes 3 and 11.
The above condensed consolidated statements of profit or loss and other comprehensive income (loss) should be read in conjunction with the accompanying notes on pages 7 to 38.
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Diamond Fields Resources Inc. published this content on 30 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 18:20:12 UTC.