Balance sheet

Consolidated Balance Sheet

  (thousands US$ dollars)
Year ended 31 Dec2021202020192018201720162015
               
ASSETS              
Non-current assets              
Property, plant and equipment 2,799,075 2,708,195 2,813,417 2,693,104 2,448,596 2,180,217 2,138,588
Available-for-sale financial assets - - - - 144,856 116,171 71,442
Equity instruments at FVOCI 164,525 212,576 123,024 78,219 - - -
Silverstream contract 494,392 534,697 518,696 498,274 506,569 438,811 358,164
Deferred tax asset 67,300 120,676 110,770 88,883 48,950 20,023 30,814
Inventories 91,620 91,620 91,620 91,620 89,351 76,375 84,412
Other receivables 58,548 - 23,014 - 129 990 2,289
Other assets 3,587 3,429 3,622 3,199 3,389 3,385 3,372
  3,679,047 3,671,193 3,684,163 3,453,319 3,244,109 2,865,480 2,681,044
               
Current assets              
Inventories 396,184 351,587  272,120 243,404 179,485 187,499 224,200
Trade and other receivables 401,424 512,927  437,642 411,157 342,506 286,678 237,992
Income tax recoverable - 57,124 50,871 59,588 - 67,690
Prepayments 20,282 18,207  18,344 15,488 3,543 2,839 2,966
Derivative financial instruments 96 6,290  2,623 294 382 6,618 117,075
Silverstream contract 35,152 41,443  22,558 20,819 32,318 28,718 26,607
Short-term investment - - - - 200,000 118,718
Cash and cash equivalents 1,235,282 1,070,415  336,576 560,785 876,034 711,954 381,420
  2,088,420 2,000,869  1,146,987 1,302,818 1,493,856 1,424,306 1,176,668
Total assets 5,767,467 5,672,062  4,831,150 4,756,137 4,737,965 4,289,786 3,857,712
               
EQUITY AND LIABILITIES              
Capital and reserves attributable to equity shareholders of the Company              
Share capital 368,546 368,546  368,546 368,546 368,546 368,546 368,546
Share premium 1,153,817 1,153,817  1,153,817 1,153,817 1,153,817 1,153,817 1,153,817
Capital reserve (526,910) (526,910)  (526,910) (526,910) (526,910) (526,910) (526,910)
Hedging reserve (2,042) 3,292  139 (229)      
Cost of hedging reserve (38) 1,072 918 (2,374)      
Fair value reserve of financial assets at FVOCI 83,784 117,420  54,734 23,370 - - -
Unrealised gains on available-for-sale financial assets - - - 53,799 47,608 16,297
Foreign currency translation reserve (2,120) (1,467)  (250) (795) (610) (728) (731)
Retained earnings 2,543,087 2,363,275  2,093,666 2,033,860 1,962,708 1,637,888 1,296,906
  3,618,124 3,479,045  3,144,660 3,049,285 3,011,350 2,680,221 2,344,139
Non-controlling interest 184,548 135,559  134,059 78,968 55,245 36,147 30,202
Total equity 3,802,672 3,614,604  3,278,719 3,128,253 3,066,595 2,716,368 2,374,341
               
Non-current liabilities              
Interest-bearing loans 1,157,545 1,156,670  801,239 800,127 799,046 798,027 797,032
Derivative financial instruments - - - 14,224 - -
Lease liabilities 6,146 7,697  8,009 - - - -
Provision for mine closure cost 256,956 245,688  231,056 189,842 184,775 149,109 195,476
Pensions and other post-employment benefit plans 6,506 11,977  10,704 6,393 9,217 9,095 14,534
Deferred tax liability 68,745 295,595  321,347 470,925 491,677 463,050 373,009
  1,495,898 1,717,627  1,372,355 1,467,287 1,498,939 1,419,297 1,380,051
               
Current liabilities              
Trade and other payables 378,235 225,208  159,768 133,140 134,949 121,633 89,630
Derivative financial instruments 3,885 1,789 3,807 4,992 630 1,427
Income tax payable 62,287 88,066  3,991 10,960 18,328 18,842 -
Lease liabilities 4,681 5,048  4,535 - - - -
Employee profit sharing 16,458 21,509  9,993 12,690 14,162 13,016 12,263
  468,897 339,831  180,076 160,597 172,431 154,121 103,320
Total liabilities 1,964,795 2,057,458  1,552,431 1,627,884 1,671,370 1,573,418 1,483,371
Total equity and liabilities 5,767,467 5,672,062  4,831,150 4,756,137 4,737,965 4,289,786 3,857,712