Randgold Resources > Financials > Quarterly reports > 2007 > Quarterly Report 31 March 2007
Quarterly Report 31 March 2007
CONSOLIDATED BALANCE SHEET
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At |
At |
At |
|
|
31 Mar |
31 Dec |
31 Mar |
|
US$000 |
2007 |
2006 |
2006 |
|
Assets |
|
|
|
|
Non-current assets | |||
|
Property, plant and equipment |
245 443 |
241 300 |
214 716 |
|
Cost |
308 054 |
297 839 |
253 375 |
|
Accumulated depreciation and amortisation |
(62 611) |
(56 539) |
(38 659) |
|
Deferred taxation |
2 654 |
2 993 |
2 866 |
|
Long-term ore stockpiles |
43 915 |
41 614 |
24 710 |
|
Receivables |
13 856 |
13 702 |
- |
|
Total non-current assets |
305 868 |
299 609 |
242 292 |
|
Current assets |
|
|
|
|
Inventories and stockpiles |
35 161 |
34 200 |
30 495 |
|
Receivables |
35 803 |
34 999 |
49 907 |
|
Cash and cash equivalents |
139 407 |
143 356 |
158 139 |
|
Total current assets |
210 371 |
212 555 |
238 541 |
|
Total assets |
516 239 |
512 164 |
480 833 |
|
Shareholders' equity |
342 110 |
336 063 |
294 049 |
|
Minority interest |
6 037 |
4 707 |
2 617 |
|
Total equity |
348 147 |
340 770 |
296 666 |
|
Non-current liabilities |
|
|
|
|
Long-term borrowings |
24 739 |
25 666 |
48 786 |
|
Loans from minority shareholders in subsidiaries |
2 801 |
2 773 |
2 533 |
|
Deferred taxation |
462 |
462 |
- |
|
Financial liabilities - forward gold sales |
46 693 |
39 969 |
48 710 |
|
Provision for rehabilitation |
8 938 |
8 842 |
9 571 |
|
Total non-current liabilities |
83 633 |
77 712 |
109 600 |
|
Current liabilities |
|
|
|
|
Financial liabilities - forward gold sales |
20 010 |
27 525 |
18 158 |
|
Current portion of long-term borrowings |
24 819 |
24 818 |
23 504 |
|
Accounts payable and accrued liabilities |
39 630 |
39 461 |
28 500 |
|
Taxation payable |
- |
1 878 |
4 405 |
|
Total current liabilities |
84 459 |
93 682 |
74 567 |
|
Total equity and liabilities |
516 239 |
512 164 |
480 833 |
The increase in property, plant and equipment is due to capital spend on the decline development and purchase of underground equipment at Loulo.
The decrease in cash and cash equivalents is due to the dividend payment of US$6.9 million during the quarter, offset by cash generated from operations.
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