Tsodilo Resources Limited (TSD.V) 2017年年度报告「TSX-V」.pdf

1、Tsodilo Resources LimitedAnnual Report 2017Table of Contents Managements Discussion and Analysis-P.1 Financial Reporting Responsibility of Management-P.28 IndependentAuditors Report-P29 Consolidated Financial Statements-P.30 Information for Investors-IBC TSODILO RESOURCES LIMITED Management s Discus

2、sion and Analysis FOR THE YEAR ENDED DECEMBER 31,2017 The Management s Discussion and Analysis has been authorized for release by the Company s Board of Directors on February 23,2018 1Management s Discussion and Analysis This managements discussion and analysis(“MD&A”)should be read in conjunction w

3、ith the consolidated financial statements of the Company and the notes thereto for the years ended December 31,2017 and 2016.The Companys consolidated financial statements are prepared in accordance with International Financial Reporting Standards(IFRS).The Companys functional and reporting currency

4、 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 Africa

5、n 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 23,2018.OVERVIEW Tsodilo Resources Limited(“Tsodilo”or the“Company”)was organized under the laws of the Province of Ontario in 1996 and conti

6、nued 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 the Busi