|
(Derived from financial statements prepared in accordance with US GAAP) |
|
|
| |
| 2004 | 2003 |
| | $'000 | $'000 |
| ASSETS | | |
| Current assets | 63 871 | 91 604 |
| Cash and cash equivalents | 22 453 | 44 423 |
| Derivative instruments | 822 | 6 563 |
| Receivables | 19 193 | 21 844 |
| Receivables owing by related parties | 321 | 1 255 |
| Inventories | 16 493 | 7 912 |
| Deferred income and mining tax | 4 589 | 9 607 |
| Mining assets | 156 943 | 83 257 |
| Cost | 327 115 | 219 969 |
| Accumulated depreciation and amortization | (170 172) | (136 712) |
| Other assets | | |
| Non-current related party receivables | - | 706 |
| Deferred income and mining tax | 28 529 | 25 296 |
| Derivative instruments | 7 396 | - |
| Non-current inventories | 32 006 | - |
| Non-current assets | 37 566 | 27 555 |
| Total assets | 326 311 | 228 418 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | | |
| Current liabilities | 86 003 | 89 185 |
| Bank overdraft | 1 828 | 3 897 |
| Accounts payable and accrued liabilities | 61 153 | 49 964 |
| Derivative instruments | 1 131 | 15 552 |
| Short-term portion of long-term loans | 9 315 | 19 068 |
| Income and mining taxes payable | 2 744 | (37) |
| Deferred income and mining tax | 9 832 | 741 |
| Non-current liabilities | 155 527 | 133 997 |
| Long-term loans | 59 865 | 63 149 |
| Deferred income and mining tax | 44 394 | 29 052 |
| Derivative instruments | 12 161 | 17 169 |
| Provision for environmental rehabilitation, reclamation and closure cost | 39 107 | 24 627 |
| | |
| Total liabilities | 241 530 | 223 182 |
| Minority interest | 929 | - |
| Stockholders' equity | 83 852 | 5 236 |
Authorised
300 000 000 (2003: 300 000 000) ordinary no par value shares and 5 000 000
(2003: 5 000 0000) cumulative preference shares
Issued
233 307 667 (2003: 184 222 073) ordinary no par value shares and
5 000 000 (2003: 5 000 000) cumulative preference shares | | |
| Cumulative preference shares | 107 | 107 |
| Stated capital and share premium | 484 772 | 360 351 |
| Additional paid in capital | 40 015 | 37 705 |
| Accumulated loss | (396 154) | (340 404) |
| Other comprehensive loss | (44 888) | (52 523) |
| | |
| Total liabilities and stockholders' equity | 326 311 | 228 418 |
|
These condensed financial statements should be read in conjunction with the Company's financial statements and footnotes filed on Form 20-F with the United States Securities and Exchange Commission on or about 30 September 2004. |
