| Condensed consolidated
balance sheets at
June 30 |
| Derived from financial statements
prepared in accordance with US GAAP |
| |
2003
US$000 |
2002
US$000 |
| ASSETS |
|
|
| Current assets |
75
431 |
53 103 |
| Cash and cash equivalents |
44
420 |
23 852 |
| Receivables |
23
099 |
12 213 |
| Inventories |
7
912 |
8 357 |
| Deferred income and mining taxes |
- |
8 681 |
| Mining assets |
81
286 |
76 427 |
| Cost |
227
186 |
188 004 |
| Accumulated depreciation and amortisation |
(145
900) |
(111 577) |
| Other assets |
|
|
| Non-current receivables |
706 |
- |
| Derivative financial assets |
6
563 |
- |
| Deferred income and mining taxes |
55
417 |
58 056 |
| Non-current assets |
27
556 |
13 963 |
| Total assets |
246
959 |
201 549 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
| Current liabilities |
68
932 |
62 745 |
| Bank overdraft |
3
897 |
532 |
| Accounts payable and accrued liabilities |
49
964 |
45 862 |
| Short-term portion of long-term loans |
15
108 |
15 965 |
| Income and mining taxes payable |
(37) |
386 |
| Long-term loans |
5
690 |
25 368 |
| Convertible loan notes |
62
447 |
- |
| Deferred income and mining taxes |
- |
26 542 |
| Derivative financial liability |
32
721 |
80 174 |
| Provision for environmental rehabilitation |
24
626 |
17 948 |
| Stockholders' equity/(deficit) |
52
543 |
(11 228) |
| Authorized |
|
|
| 300 000 000 (2002: 300 000 000) common no
par value stock 5 000 000 |
|
|
| (2002: 5 000 000) cumulative preference stock |
|
|
| Issued |
|
|
| 184 222 073 (2002: 177 173 485) common no
par value stock 5 000 000 |
|
|
| (2002: 5 000 000)
cumulative preference stock |
|
|
| Stated capital |
360
349 |
351 537 |
| Additional paid in capital |
37
705 |
33 392 |
| Cumulative preference stock |
107 |
107 |
| Accumulated loss |
(296
531) |
(342 045) |
| Other comprehensive income |
(49
087) |
(54 219) |
| |
|
|
| Total liabilities and stockholders' equity |
246
959 |
201 549 |
