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Central Asia Metals PLC Proposed acquisition of -54-

22 Sep 2017 6:01 am
  liabilities................................................................. 
  .                                                                                       36,195,034    14,806,020 
                                                                                        ------------  ------------ 
 TOTAL LIABILITIES AND EQUITY...........................................                 224,196,742   215,706,788 
                                                                                        ============  ============ 
 

Lynx Resources Limited

Historical Consolidated Financial Information for the periods ended 31 December 2016

(all amounts are in USD unless otherwise stated)

Consolidated statement of changes in equity
 
                                                                         Retained       Other 
                                                           Capital       earnings      reserves        Total 
 Balance at 19 June                                                 -            -             -               - 
  2015........................ 
                                                        =============  ===========  ============  ============== 
 Net profit (loss) 
  for the period 
  from 19 June 2015 
  to 31 December 
  2015.........                                                     -      808,281             -         808,281 
 Other comprehensive 
  income (loss)......                                               -            -     (771,695)       (771,695) 
                                                        -------------  -----------  ------------  -------------- 
 Total comprehensive 
  income (loss).......                                                     808,281     (771,695)          36,586 
 Paid in 
  capital...........................................      173,454,015            -             -     173,454,015 
                                                        -------------  -----------  ------------  -------------- 
 Balance at 31 December 
  2015...............                                     173,454,015      808,281     (771,6950     173,490,601 
                                                        =============  ===========  ============  ============== 
 Balance at 1 January 
  2016....................                                173,454,015      808,281     (771,695)     173,490,601 
                                                        =============  ===========  ============  ============== 
 Net profit for 
  the year...............................                           -   10,778,360             -      10,778,360 
 Other comprehensive 
  income (loss)......                                               -            -   (5,391,277)     (5,391,277) 
                                                        -------------  -----------  ------------  -------------- 
 Total comprehensive 
  income (loss).......                                              -   10,778,360   (5,391,277)       5,387,083 
                                                        -------------  -----------  ------------  -------------- 
 Capital Reduction 
  (Note 21)...................                           (76,000,000)            -             -    (76,000,000) 
                                                        -------------  -----------  ------------  -------------- 
 Balance at 31 December 
  2016...............                                      97,454,015   11,586,641   (6,162,972)   (102,877,684) 
                                                        =============  ===========  ============  ============== 
 

Lynx Resources Limited

Historical Consolidated Financial Information for the periods ended 31 December 2016

(all amounts are in USD unless otherwise stated)

Consolidated statement of cash flows
 
                                                                                                          For the 
                                                                                                           period 
                                                                                                          from 19 
                                                                                            2016          June to 
                                                                                                        31 December 
                                                                                                            2015 
                                                                                       -------------  -------------- 
 Operating activities 
 Profit before 
  tax................................................................................ 
  .......................                                                                 13,023,533       1,088,842 
 Adjustments for: 
 Depreciation and Amortization 
  (Notes 15 and 16).............................................                          14,575,757       2,327,142 
 Write-off of other receivables                                                            2,585,517               - 
  and PPE............................................................... 
 Amortization of deferred revenue                                                          (490,819)               - 
  - received advances for silver 
  delivery.... 
 Gain from sale of property, plant                                                           (3,199)               - 
  and equipment............................................... 
 Unwind of discount provisions 
  (Note 24)..........................................................                        279,996          37,064 
 Unrealised foreign exchange 
  (gain)/loss.............................................................                 (158,941)       (583,776) 
 Interest 
  expense............................................................................ 
  ..........................                                                               1,365,292         123,075 
 Interest 
  income............................................................................. 
  ...........................                                                                  (287)            (90) 
                                                                                       -------------  -------------- 
 Cash generated from operations 
  before changes in working capital...........                                            31,176,849       2,992,257 
 Cash flow from operating activities 
 (Increase)/decrease in 
  inventories.......................................................................         323,614     (1,892,664) 
 (Increase)/decrease in trade 
  receivables.............................................................               (1,614,051)     (5,305,224) 
 (Increase)/decrease in other 
  financial receivables.............................................                     (1,448,007)     (1,923,101) 
 Increase/(decrease) in trade 
  payables.................................................................                1,321,929       2,087,467 
 Increase/(decrease) in other 
  financial liabilities.................................................                     577,122       1,462,680 
                                                                                       -------------  -------------- 
 Cash generated from/(used in) 
  operating activities........................................                            30,337,456     (2,578,585) 
 Interest and bank charges 
  paid............................................................................       (1,408,443)        (79,924) 
 Income taxes 
  paid............................................................................... 
  ....................                                                                     (983,652)       (438,302) 
                                                                                       -------------  -------------- 
 Net cash flow generated from/(used 
  in) operating activities..........................                                      27,945,361     (3,096,811) 
 Cash flow from investing activities 
 Acquisition of 
  PPE................................................................................ 
  .................                                                                      (5,331,885)     (1,628,516) 
 Disposal of PPE (Note 
  15)................................................................................ 
  .....                                                                                        3,421          19,223 
 Acquisition of intangible 
  assets..........................................................................                 -    (10,959,031) 
 Acquisition of the subsidiary, 
  net of cash acquired.........................................                                    -   (175,849,867) 
 Interest 
  received........................................................................... 
  ..........................                                                                     287              90 
                                                                                       -------------  -------------- 
 Net cash used in investing 
  activities..................................................................           (5,328,177)   (188,418,101) 
 Cash flow from financing 
 activities.................................................................... 
 Proceeds from loans and 
  borrowings..................................................................            95,509,318      31,884,234 
 Repayment of loans and 
  borrowings................................................................... 
  ................................................................................... 
  ................................................                                      (20,124,305)     (6,531,333) 
 Paid in 

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September 22, 2017 02:01 ET (06:01 GMT)

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