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Condensed Consolidated Statements of Comprehensive Income (USD $)
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3 Months Ended | 6 Months Ended | ||
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2011
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Dec. 31, 2010
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| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||||
| Net (Loss) income before non-controlling interest | $ (4,556,869) | $ (2,097,295) | $ (3,632,271) | $ (5,508,529) |
| Foreign currency translation adjustments | 512,734 | 2,517,107 | (729,169) | 8,695,486 |
| Unrealized holding gains (losses) net of deferred tax | (57,330) | 60,360 | (91,102) | 60,360 |
| Total comprehensive income | (4,101,465) | 480,172 | (4,452,542) | 3,247,317 |
| Net (Loss) income attributable to non-controlling interest in subsidiaries | 0 | (1,838) | 15,401 | 33,275 |
| Comprehensive income attributable to Magellan Petroleum Corporation | $ (4,101,465) | $ 478,334 | $ (4,437,141) | $ 3,280,592 |
| X | ||||||||||
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- Definition
No authoritative reference available. No definition available.
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- Definition
Unrealized holding (loss) gain No definition available.
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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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| X | ||||||||||
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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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| X | ||||||||||
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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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| X | ||||||||||
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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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- Details
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