Tsodilo Resources Limited (TSD.V) 2016年年度报告「TSX-V」.pdf

1、Tsodilo Resources Limited Annual Report 2016 Table of ContentsManagements Discussion and Analysis-P.2 Financial Reporting Responsibility of Management-P.28 Independent Auditors Report-P.29Consolidated Financial Statements-P.30Information for Investors-IBC TSODILO RESOURCES LIMITED Management s Discu

2、ssion and Analysis FOR THE YEAR ENDED DECEMBER 31,2016 The Management s Discussion and Analysis has been authorized for release by the Company s Board of Directors on February 27,2017 Page 1Management s Discussion and Analysis This managements discussion and analysis(“MD&A”)should be read in conjunc

3、tion with the consolidated financial statements of the Company and the notes thereto for the years ended December 31,2016 and 2015.The Companys consolidated financial statements are prepared in accordance with International Financial Reporting Standards(IFRS).The Companys functional and reporting cu

4、rrency is United States dollars and all amounts stated are in United States dollar unless otherwise noted.In addition,the Company has three Botswana operating subsidiaries,Newdico(Pty)Ltd,Gcwihaba Resources(Pty)Ltd and Bosoto(Pty)Ltd which have a functional currency of the Botswana Pula,and a South

5、African subsidiary,Idada 361(Pty)Ltd.which has a functional currency of South African Rand.This managements discussion and analysis has been prepared as at February 27,2017.OVERVIEW Tsodilo Resources Limited(“Tsodilo”or the“Company”)was organized under the laws of the Province of Ontario in 1996 and

6、 continued under the laws of the Yukon in 2002.It is incorporated under laws of the Yukon Territory,Canada,under the Business Corporations Act of Yukon and the address of the Companys registered office is 161 Bay Street,P.O.Box 508 Toronto,Ontario,Canada,M5J 2S1.The Company currently exists under th