Balance sheet

Consolidated Balance Sheet

  (thousands US$ dollars)
Year ended 31 Dec20192018201720162015
           
ASSETS          
Non-current assets          
Property, plant and equipment 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 123,024 78,219 - - -
Silverstream contract 518,696 498,274 506,569 438,811 358,164
Derivative financial instruments - 20 - 16,532 -
Deferred tax asset 110,770 88,883 48,950 20,023 30,814
Inventories 91,620 91,620 89,351 76,375 84,412
Other receivables 23,014 - 129 990 2,289
Other assets 3,622 3,199 3,389 3,385 3,372
  3,684,163 3,453,319 3,244,109 2,865,480 2,681,044
           
Current assets          
Inventories 272,120 243,404 179,485 187,499 224,200
Trade and other receivables 437,642 411,157 342,506 286,678 237,992
Income tax recoverable 57,124 50,871 59,588 - 67,690
Prepayments 18,344 15,488 3,543 2,839 2,966
Derivative financial instruments 2,623 294 382 6,618 117,075
Silverstream contract 22,558 20,819 32,318 28,718 26,607
Short-term investment - - - 200,000 118,718
Cash and cash equivalents 336,576 560,785 876,034 711,954 381,420
  1,146,987 1,302,818 1,493,856 1,424,306 1,176,668
Total assets 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
Share premium 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)
Hedging reserve 139 (229)      
Cost of hedging reserve 918 (2,374)      
Fair value reserve of financial assets at FVOCI 54,734 23,370 - - -
Unrealised gains on available-for-sale financial assets - - 53,799 47,608 16,297
Foreign currency translation reserve (250) (795) (610) (728) (731)
Retained earnings 2,093,666 2,033,860 1,962,708 1,637,888 1,296,906
  3,144,660 3,049,285 3,011,350 2,680,221 2,344,139
Non-controlling interest 134,059 78,968 55,245 36,147 30,202
Total equity 3,278,719 3,128,253 3,066,595 2,716,368 2,374,341
           
Non-current liabilities          
Interest-bearing loans 801,239 800,127 799,046 798,027 797,032
Derivative financial instruments - - 14,224 - -
Lease liabilities 8,009 - - - -
Provision for mine closure cost 231,056 189,842 184,775 149,109 195,476
Pensions and other post-employment benefit plans 10,704 6,393 9,217 9,095 14,534
Deferred tax liability 321,347 470,925 491,677 463,050 373,009
  1,372,355 1,467,287 1,498,939 1,419,297 1,380,051
           
Current liabilities          
Trade and other payables 159,768 133,140 134,949 121,633 89,630
Derivative financial instruments 1,789 3,807 4,992 630 1,427
Income tax payable 3,991 10,960 18,328 18,842 -
Lease liabilities 4,535 - - - -
Employee profit sharing 9,993 12,690 14,162 13,016 12,263
  180,076 160,597 172,431 154,121 103,320
Total liabilities 1,552,431 1,627,884 1,671,370 1,573,418 1,483,371
Total equity and liabilities 4,831,150 4,756,137 4,737,965 4,289,786 3,857,712