Segmented Information

9 Months Ended

Mar. 31, 2016

10. Segmented Information

At March 31, 2016, the Company has one reportable operating segment, being the acquisition, exploration and development of petroleum and natural gas properties. The Company operates in two reportable geographic areas, being Canada and the United States of America.

An operating segment is defined as a component of the Company:

•

that engages in business activities from which it may earn revenues and incur expenses;

•

whose operating results are reviewed regularly by the entity’s chief operating decision maker; and

•

for which discrete financial information is available.

The Company’s revenues and capital assets in each of the geographic areas are as follows:


	Canada				USA				Consolidated Total
Three months ended March 31,	2016		2015		2016		2015		2016		2015
Revenue and other income
Interest income, net of royalties	$	14,582	$	30,249	$	—	$	—	$	14,582	$	30,249
Derivative financial instruments gain		—		—		120,204		—		120,204		—
Petroleum sales, net of royalties		—		—		1,849,155		2,975,682		1,849,155		2,975,682
Natural gas sales, net of royalties		—		—		319,844		485,205		319,844		485,205
Natural gas liquids sales, net of royalties		—		—		314,044		238,864		314,044		238,864

	$	14,582	$	30,249	$	2,603,247	$	3,699,751	$	2,617,829	$	3,730,000


	Canada				USA				Consolidated Total
Nine months ended March 31,	2016		2015		2016		2015		2016		2015
Revenue and other income
Interest income, net of royalties	$	66,403	$	103,539	$	—	$	—	$	66,403	$	103,539
Derivative financial instruments gain		—		—		901,539		—		901,539		—
Petroleum sales, net of royalties		—		—		7,504,785		13,685,536		7,504,785		13,685,536
Natural gas sales, net of royalties		—		—		1,086,766		1,785,493		1,086,766		1,785,493
Natural gas liquids sales, net of royalties		—		—		978,831		2,122,261		978,831		2,122,261

	$	66,403	$	103,539	$	10,471,921	$	17,593,290	$	10,538,324	$	17,696,829


	Canada				USA				Consolidated Total
	March 31, 2016		June 30, 2015		March 31, 2016		June 30, 2015		March 31, 2016		June 30 2015
Property, plant and equipment	$	414	$	951	$	104,146,373	$	107,282,733	$	104,146,787	$	107,283,684

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Lynden Energy Corp. 10-Q