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1、 contentsthe year at a glance.2focus areas and competitive advantage.3geographic location.4corporate profile and strategy.5chairmans statement.6chief executive officers report.8mining operations:barberton mines(pty)ltd.14groWth proJects:amira,eagles nest and thomas victory-hill,barberton,south afric
2、a.17groWth proJects:manica,mozambique.18groWth proJects:bogoin and dekoa,central african republic.19groWth proJects:akrokerri,kyereboso and u&n,ghana.20gross in situ mineral resource and mineral reserve statement for the enlarged group.21directors.23corporate governance.25directors report.30statemen
3、t of directors responsibilities .33independent auditors report to the members of pan african resources plc.34 consolidated and company income statements.35consolidated and company balance sheets.36consolidated and company cash floW statements.38consolidated and company statement of recognised income
4、 and expense.39consolidated and company notes to the financial statements.40notice of annual general meeting.68form of proxy.insertcontact details.71note to shareholderson 31 July 2007 pan african resources plc(pan african,the company or group)acquired 74%of barberton mines(pty)limited(barberton or
5、barberton mines)in a share-for-share transaction.ifrs3 business combinations defines the acquirer in a business combination as the entity that obtains control.accordingly,the combination was accounted for as a reverse.as a consequence of applying reverse acquisition accounting,the results of the gro
6、up at 30 June 2008 comprise the results of pan african for the 11 months ended 30 June 2008 and the 12 months ended 30 June 2008 of barberton mines.the comparative figures for the group are those of barberton mines for the 12 months to 30 June 2007.in terms of comparing pan africans position before