NEVSUN RESOURCES
LTD.
Condensed Consolidated Interim Financial
Statements
Three month periods ended March 31, 2010
and 2009
(Expressed in United States Dollars)
Unaudited - Prepared by Management
NEVSUN RESOURCES LTD.
Condensed Consolidated Interim Balance Sheets
Unaudited
(Expressed in United States dollars)
See accompanying notes to condensed consolidated interim financial statements
Note
Assets
Current assets:
Cash and cash equivalents
$
Available-for-sale investment
3
Accounts receivable and prepaids
4
Inventory
5
Property, plant and equipment
6
$
Liabilities and Equity
Current liabilities:
Accounts payable and accrued liabilities
$
Non-current liabilities
Derivative financial liability
Provision for closure and reclamation
7
Amounts related to non-controlling interest
8
Equity:
Share capital
9
Share-based payments reserve
Accumulated other comprehensive income
Deficit
Equity attributable to owners of the Company
Non-controlling interest
8(a),12(b)
Total Equity
$
Approved on behalf of the Board:
“R. Stuart Angus”
Director
R. Stuart Angus
2
NEVSUN RESOURCES LTD.
Condensed Consolidated Interim Statements of Comprehensive Loss
Unaudited
(Expressed in United States dollars)
3
Note
Three months ended March 31
2010
2009
Operating costs and expenses
Depreciation and amortization
$
543
$
1,195
Foreign e