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Central Asia Metals PLC Proposed acquisition of -69-

22 Sep 2017 6:01 am
    loans...........................................................................................       (5,074,661) 
   Sales............................................................................................... 
    .................                                                                                          228,064 
   Other............................................................................................... 
    ................                                                                                         (544,680) 
                                                                                                          ------------ 
 At 31 December 
  2016......................................................................................               (6,162,972) 
                                                                                                          ============ 
 

Translation differences as above of $5,074,661 originates from the intercompany loan between Lynx Mining and Lynx Europe, which is considered a net investment as settlement, is neither planned nor likely to occur in the foreseeable future.
   22.       Trade payables and other financial liabilities 

Carrying amount of trade payables is presented as follows:
 
                                                                                               2016         2015 
                                                                                            ----------  ------------ 
 Domestic trade payables.................................................................    2,596,279   1,466,743 
 Foreign trade 
  payables....................................................................                 813,117     620,724 
                                                                                            ----------  ---------- 
 Trade 
  payables............................................................................       3,409,396   2,087,467 
 Employee related 
  liabilities..............................................................                    602,923     402,718 
 Concession 
  liability.........................................................................           204,361     474,422 
 Professional fees payable................................................................     116,285     118,716 
 Freight cost 
  payable........................................................................               30,847      77,458 
 Other financial 
  liabilities..................................................................              1,042,235     346,215 
                                                                                            ----------  ---------- 
 Other financial liabilities.............................................................    1,996,651   1,419,529 
                                                                                            ----------  ---------- 
                                                                                             5,406,047   3,506,996 
                                                                                            ==========  ========== 
 

The carrying amounts of the trade payables are denominated in the following currencies:
 
                                                                                                 2016        2015 
                                                                                              ----------  ---------- 
 MKD........................................................................................   2,596,279   1,466,743 
 GBP........................................................................................ 
 .                                                                                                89,959           - 
 USD....................................................................................... 
  ..                                                                                              16,233      69,126 
 EUR....................................................................................... 
  ..                                                                                             534,295     416,611 
 SEK....................................................................................... 
  ...                                                                                            165,138     134,987 
 Other...................................................................................... 
 ..                                                                                                7,492           - 
                                                                                              ----------  ---------- 
                                                                                               3,409,396   2,087,467 
                                                                                              ==========  ========== 
 

The carrying amounts of the other financial liabilities are denominated in the following currencies:
 
                                                                                                 2016        2015 
                                                                                              ----------  ---------- 
 MKD........................................................................................     914,537   1,223,354 
 USD....................................................................................... 
  ..                                                                                           1,082,114     196,175 
                                                                                              ----------  ---------- 
                                                                                               1,996,651   1,419,529 
                                                                                              ==========  ========== 
 
   23.       Deferred revenue-received advances for silver delivery 

The carrying amounts of the deferred revenue-received advances for silver delivery are as follows:
 
                                                                                                    2016        2015 
                                                                                                -----------    ----- 
 Deferred revenue-received advances 
  for silver delivery.............                                                               21,573,555        - 
                                                                                                -----------    ----- 
                                                                                                 21,573,555        - 
                                                                                                ===========    ===== 
 Current......................................................................................    1,970,092        - 
 Non-current...............................................................................      19,603,463        - 
                                                                                                -----------    ----- 
 

On 1 September 2016, Lynx Group entered into a Silver Purchase Agreement with a related party, Lynx Metals Ltd by netting of its existing Loan payable with Lynx Metals. The prepayments for the purchase of silver are recognized as deferred income and are related to production of silver during the life of the mine. Deferred income is recognized to the statement of comprehensive income as the silver is delivered based on the units of production.
   24.       Provision for liability and charges 
 
                                                                       Employee benefits provisions 
                                                            Restoration, 
                                                               closure        Employee 
                                                              cost and        retirement     Other 
                                                           decommissioning     benefits     benefits     Total 
                                                         -----------------  ------------  ----------  ---------- 
 As of 19 June 2015                                                      -             -           -           - 
 Acquisition of a subsidiary...........................          2,130.297       133,110     246,398   2,509,805 
 Unwinding of discount 
  and changes in 
  provision............................................ 
  ..............                                                    28,642         5,145        3278      37,065 
 As at 31 December 
  2015...............................                            2,158,939       138,255     249,676   2,546,870 
                                                         =================  ============  ==========  ========== 
 Non-current.......................................... 
  ............                                                   2,158,939       118,899     132,329   2,410,167 
 Current.............................................. 
  ................                                                       -        19,356     117,347     136,703 
                                                         -----------------  ------------  ----------  ---------- 
                                                                 2,158,939       138,255     249,676   2,546,870 
                                                         =================  ============  ==========  ========== 
 
 
                                                                       Employee benefits provisions 
                                                            Restoration, 
                                                               closure        Employee 

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

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