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Central Asian Minera (CMRP)

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Wednesday 31 July, 2013

Central Asian Minera

Audited Results for the year ended 31 December ...



                                                                                               31 July 2013
                                                                                               IM00B61FM981

                                 Central Asian Minerals and Resources PLC
                                        ("CAMAR" or the "Company")

                            AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012

Further  to  the  Company's preliminary announcement of unaudited results released  on  30  May  2013,  the
Directors  of  Central Asian Minerals and Resources PLC (ISDX: CMRP), the gold production  and  exploration
company  focused on Tajikistan, announce that the audit of its results for the year ended 31 December  2012
has  now  been  completed. The audit has resulted in one significant accounting adjustment to  the  numbers
previously announced, as set out below.

Under  IFRS, an amount of USD 3.4 million spent by the Aprelevka Joint Venture on exploration assets within
its  licence areas is required to be impaired to reflect the lack of on-going expenditure on those  assets.
This impairment was not reflected in the numbers previously announced. The effect of the impairment on  the
results of CAMAR is to reduce the Company's net assets by approximately USD 1.7 million and to increase the
Company's  total  comprehensive loss for the year to USD 6.9 million.  The financial statements  have  been
revised from the preliminary announcement made on 30 May 2013 to reflect this change.

The  audited Consolidated Statements of Comprehensive Income and Financial Position of the Company are  set
out  below.  The  Company's Report and Accounts for the year ended 31 December 2012 will be  available  via
www.isdx.com from 1 August 2013.

The Directors of CAMAR are responsible for the contents of this announcement.

Enquiries:

Central Asian Minerals and Resources PLC                                     01624 679 000
Oliver Vaughan/Peter Zihlmann

Peterhouse Corporate Finance Limited                                         020 7220 9796
Mark Anwyl and Duncan Vasey

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2012

                                                                               Year ended      Year ended
                                                                                     2012           2011
                                                                                      USD            USD

Revenue                                                                           139,251         48,000

Administrative expenses                                                        (3,444,363)    (3,070,864)
Net (loss)/income from joint venture                                           (2,152,397)       409,562

Operating loss                                                                 (5,457,509)    (2,613,302)

Excess  of  the investor's share of the net fair value of the  joint            -              2,932,798
venture's identifiable assets and liabilities over the cost of  the
investment

Investment revenue                                                                107,006          4,585
Other gains and losses                                                            (33,566)            -
Finance costs                                                                    (980,722)        (4,807)

(Loss)/profit before taxation                                                  (6,364,791)       319,274

Taxation                                                                               -               -

(Loss)/profit for the year                                                     (6,364,791)       319,274

Other comprehensive income                                                                     
Exchange difference on translation of foreign operations                         (305,261)      (473,041)
Share of other comprehensive income of joint venture                             (232,929)      (178,133)

Total comprehensive loss for the year                                          (6,902,981)      (331,900)

(Loss)/earnings per share                                                                      
Basic                                                                              (0.38)          0.03
Diluted                                                                            (0.38)          0.02

The loss for the year is attributable to the equity shareholders of the company.

All operations are continuing operations.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012

                                                                                    2012            2011
                                                                                     USD             USD
ASSETS                                                                                         
Non-current assets                                                                             
Property, plant and equipment                                                       2,652        233,604
Investment in joint venture                                                    10,646,775     12,166,521

                                                                               10,649,427     12,400,125
Current assets                                                                                 
Loans to joint venture                                                          1,106,312              -
Trade and other receivables                                                       200,844        113,923
Cash and cash equivalents                                                         807,663      1,360,080

                                                                                2,114,819      1,474,003

TOTAL ASSETS                                                                   12,764,246     13,874,128

EQUITY AND LIABILITIES                                                                         
Equity attributable to owners of the parent                                                    
Share capital                                                                           -              -
Share premium account                                                          14,606,453     14,606,453
Retained earnings                                                              (6,973,524)      (855,350)

Total equity                                                                    7,632,929     13,751,103

Current liabilities                                                                            
Convertible loan notes                                                          4,985,322              -
Trade and other payables                                                          145,995        123,025

Total liabilities                                                               5,131,317        123,025

TOTAL EQUITY AND LIABILITIES                                                   12,764,246     13,874,128

The  financial statements were approved and authorised for issue by the board of directors on 31 July  2013
and signed on its behalf by:

Hans Peter Zihlmann
Director

Central Asian Minerals and Resources PLC

a d v e r t i s e m e n t