« previous page | next page »  

Consolidated and company balance sheets

at 31 December 2006

US$000
Notes 
Group
31 Dec
2006 
Group
31 Dec
2005
(Restated)~ 
Company
31 Dec
2006 
Company
31 Dec
2005 
 
           
ASSETS          
NON-CURRENT ASSETS          
Property, plant and equipment
9 
241 300 
202 636 
- 
- 
Cost
  
297 839 
236 331 
- 
- 
Accumulated depreciation and amortisation
  
(56 539)
(33 695)
- 
- 
Deferred taxation
11  
2 993  
2 957~
- 
- 
Long term ore stockpiles
8  
41 614  
22 176~
- 
- 
Receivables
7  
13 702  
- 
- 
- 
Investments in subsidiaries and joint venture
10  
- 
- 
6 018  
6 016  
Loans to subsidiary and joint venture
10  
- 
- 
150 753  
112 912  
TOTAL NON-CURRENT ASSETS
  
299 609  
227 769~
156 771  
118 928  
CURRENT ASSETS
  
  
  
  
  
Inventories and ore stockpiles
8  
34 200  
34 210~
- 
- 
Receivables
7  
34 999  
47 918  
1 024  
827  
Cash and cash equivalents
  
143 356  
152 452  
134 761  
140 359  
TOTAL CURRENT ASSETS
  
212 555  
234 580~
135 785  
141 186  
TOTAL ASSETS
  
512 164  
462 349~
292 556  
260 114  
           
           
EQUITY AND LIABILITIES
 
 
 
 
 
SHARE CAPITAL AND RESERVES
 
 
 
 
 
Share capital
 
 
 
 
 
Authorised: 80 000 000 ordinary shares of
 
 
 
 
 
5 US cents each, for both years presented
 
 
 
 
 
Issued: 68 763 561 ordinary shares
 
 
 
 
 
(2005: 68 072 864)
  
3 440  
3 404  
3 440  
3 404  
Share premium
   
213 653  
208 582  
213 653  
208 582  
Accumulated profit
  
178 400  
130 836~
69 359  
42 369  
Other reserves
  
(59 430)
(41 000)
3 052  
2 135  
Shareholders’ equity
  
336 063  
301 822~
289 504  
256 490  
Minority interest
15  
4 707  
1 395  
- 
- 
TOTAL EQUITY
  
340 770  
303 217~
289 504  
256 490  
           
NON-CURRENT LIABILITIES
 
 
 
 
 
Long term borrowings
14  
25 666  
49 538  
- 
- 
Loans from minority shareholders in subsidiaries
15  
2 773  
2 483  
- 
- 
Financial liabilities - forward gold sales
16  
39 969  
34 151  
- 
- 
Deferred taxation
11  
462  
-~
- 
- 
Provision for environmental rehabilitation
13  
8 842  
9 480  
- 
- 
TOTAL NON-CURRENT LIABILITIES
   
77 712  
95 652~
- 
- 
           
CURRENT LIABILITIES
  
 
 
 
 
Financial liabilities - forward gold sales
16  
27 525  
8 939  
- 
- 
Accounts payable and accrued liabilities
12  
39 461  
28 813  
3 052  
3 624  
Taxation payable
  
1 878  
2 737  
- 
- 
Current portion of long term borrowings
14  
24 818  
22 991  
- 
- 
TOTAL CURRENT LIABILITIES
  
93 682  
63 480  
3 052  
3 624  
TOTAL EQUITY AND LIABILITIES
  
512 164  
462 349~
292 556  
260 114  

~ Restated due to change in accounting policy relating to stripping costs. Refer note 6.

The notes are an integral part of these financial statements.