Condensed Consolidated Statements of Comprehensive Income (USD $) |
3 Months Ended | |
|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
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| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||
| Net (Loss) income before non-controlling interest | $ 924,598 | $ (3,411,234) |
| Foreign currency translation adjustments | (1,241,903) | 6,178,379 |
| Unrealized loss on derivative contract, net of deferred tax | 0 | 0 |
| Unrealized holding gains (losses) net of deferred tax | (33,772) | 0 |
| Total comprehensive income | (351,077) | 2,767,145 |
| Less non-controlling interest (Income) loss | 15,401 | 35,113 |
| Add back unrealized loss on derivative contract attributable to | 0 | 0 |
| Comprehensive income attributable to Magellan Petroleum Corporation | $ (335,676) | $ 2,802,258 |
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- Definition Unrealized holding (loss) gain
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- Definition The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net of tax effect change in accumulated gains (losses) from derivative instruments designated and qualifying as the effective portion of cash flow hedges, attributable to noncontrolling interest. The change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, that is attributable to the parent entity. The change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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