NOTE 29 - CONTROLLED ENTITIES (continued) NOTE 30 - DISCONTINUING OPERATIONS NOTE 31 - SEGMENT INFORMATION 58 During the year, Resolute Mining Limited (“RML”) executed an agreement with Canadian Company Golden Star Resources Limited for the sale of Resolute’s Obotan plant located in Ghana. The Obotan plant includes all processing plant and equipment, powerhouse, stores inventory and spares located at the Obotan site. The total consideration in relation to this transaction was US$4.3m. The consideration of US$4.3m was received in July 2003. RML retains the mining lease and the rehabilitation obligations following the removal of the plant from the site. This note was disclosed as a discontinuing operation in the Company’s 2003 annual report. The consolidated entity operates in four geographical segments. RESOLUTE MINING LIMITED 2004 ANNUAL REPORT (a) Pursuant to a class order and an assumption deed dated 4 June 1996, relief has been granted to this controlled entity of Resolute Limited from the Corporations Act 2001 requirements for preparation, audit and publication of accounts. As a condition of the class order, Resolute Limited and the controlled entity subject to the class order, entered into a deed of indemnity on 22 May 1995. The effect of the deed is that Resolute Limited has guaranteed to pay any deficiency in the event of winding up of the controlled entity. The controlled entity has also given a similar guarantee in the event that Resolute Limited is wound up. Resolute Limited will prepare and lodge accounts which will disclose the Statement of Financial Position and Statement of Financial Performance of the closed group.  (b) This entity is not audited. A review of the entity’s results and position is performed for the purpose of inclusion in the consolidated entity’s accounts. (a) Primary segment - geographical Geographical Segments Tanzania Ghana Mali Australia Unallocated Consolidated 2004 2004 2004 2004 2004 2004 A$’000 A$’000 A$’000 A$’000 A$’000 A$’000 2004 REVENUE Sales to customers (refer Note (i)) 83,784  -  -  34,423  -  118,207  Other revenue (1,747) 6,225 - 365 37,090 41,933 Segment revenue 82,037 6,225 - 34,788 37,090 160,140 RESULTS Segment results 15,935 3,469 - 972 16,056 36,432 Consolidated entity profit from ordinary activities before income tax expense 36,432  Income tax expense (4,347) Consolidated entity profit from ordinary activities after income tax expense 32,085  ASSETS Segment assets 84,516 3,041 30,564 82,623 17,887 218,631 LIABILITIES Segment liabilities 35,002 3,982 9,652 19,188 35,629 103,453 OTHER SEGMENT INFORMATION Depreciation and amortisation 6,919  39  -  2,713  107  9,778  Acquisition of non-current assets  4,164  946  29,108  65,125  4,172  103,515  Other non-cash expenses 129  202  -  1  183  515  notes to and forming part of the financial statements  for the year ended 30 June 2004 (continued)