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Central Asia Metals PLC Proposed acquisition of -72-

22 Sep 2017 6:01 am
    .                                        7    (8,328,618)      (928,696) 
                                                -------------  ------------- 
   Total net finance costs . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . .                         (1,174,763)      (550,690) 
   Profit before income tax . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . .                              25,527,564      7,348,015 
   Income tax expense . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . .                    8    (3,836,431)    (1,166,983) 
                                                -------------  ------------- 
 PROFIT FOR THE PERIOD . . 
  . . . . . . . . . . . . . 
  . . . . . . . . . . . . . 
  . . . . . .                                      21,691,133      6,181,032 
                                                -------------  ------------- 
 OTHER COMPREHENSIVE INCOME 
   Exchange differences on translation 
    of foreign operations . . 
    . . . . . .                             14     12,157,458      2,643,625 
                                                -------------  ------------- 
   Total other comprehensive 
    income . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . .                                        12,157,458      2,643,625 
 TOTAL COMPREHENSIVE INCOME 
  FOR THE PERIOD . . . . . . 
  .                                                33,848,591      8,824,657 
                                                -------------  ------------- 
 
 
                                              As at          As at 
                                              30 June      31 December 
                                    Note       2017           2016 
                                   -----  -------------  ------------- 
                                              Unaudited 
 ASSETS 
   Non-current assets 
    Intangible Assets . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . .         10     10,438,479      9,891,105 
   Property, plant and equipment 
    (PPE) . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . .                            9    186,391,802    174,591,239 
                                          -------------  ------------- 
   Total non-current assets . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . .                       196,830,281    184,482,344 
   Current assets 
   Inventories . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . .                               11      2,093,795      1,569,050 
   Trade receivables . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . .         12     17,409,357      3,691,173 
   Income tax receivables . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . .                               -      1,825,687 
   Other financial receivables 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . .                 12      3,878,643      3,213,367 
   Cash and cash equivalents 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . .               13     14,814,973     29,294,201 
   Deferred tax assets . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . .                   131,291        120,920 
                                          -------------  ------------- 
   Total current assets . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . .                    38,328,059     39,714,398 
                                          -------------  ------------- 
   TOTAL ASSETS . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . .                       235,158,340    224,196,742 
                                          =============  ============= 
 EQUITY AND LIABILITIES 
   Equity 
   Capital . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . .                             14     97,454,015     97,454,015 
   Other reserves . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . .         14      5,994,486    (6,162,972) 
   Retained earnings . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . .                  31,253,626     11,586,641 
                                          -------------  ------------- 
   Total equity . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . .               134,702,127    102,877,684 
   Non-current liabilities 
   Borrowings . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . .         17     57,449,924     62,571,429 
   Deferred revenue received 
    advances for silver delivery 
    . . . . . . . . . .               15     18,483,565     19,603,463 
   Provision for liabilities 
    and charges . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . .                           2,749,709      2,949,132 
                                          -------------  ------------- 
   Total non-current liabilities 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . .                            78,683,198     85,124,024 
   Current liabilities 
   Trade payable . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . .         16      2,331,082      3,409,396 
   Income tax payables . . .                  1,280,933              - 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . 
   Borrowings . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    .                                 17     14,219,300     28,752,611 
   Deferred revenue received 
    advances for silver delivery 
    . . . . . . . . . . .             15      2,143,404      1,970,092 
   Provision for liabilities 
    and charges . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . .                            58,447         66,284 
   Other financial liabilities 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . .             16      1,739,849      1,996,651 
                                          -------------  ------------- 
   Total current liabilities 
    . . . . . . . . . . . . . 
    . . . . . . . . . . . . . 
    . . . . . . . . . . .                    21,773,015     36,195,034 
                                          -------------  ------------- 
 TOTAL LIABILITIES AND EQUITY 
  . . . . . . . . . . . . . 
  . . . . . . . . . . . . .                 235,158,340    224,196,742 
                                          -------------  ------------- 
 
 
                                                Retained        Other 
                         Note     Capital        earnings      reserves         Total 
                        -----  -------------  ------------  -------------  --------------- 
 Balance at 1 January 
  2016 . . . . . 
  . . . . . .                    173,454,015       808,281      (771,695)      173,490,601 
                        -----  -------------  ------------  -------------  --------------- 
 Net profit for 
  the period . . 
  . . . . . . . 
  . .. .                                   -     6,181,032              -        6,181,032 
 Other comprehensive 
  income . . . . 
  . . . . .                                -             -      2,643,625        2,643,625 
                               -------------  ------------  -------------  --------------- 
 Total comprehensive 
  income . . . . 
  . . . . .                                -     6,181,032      2,643,625        8,824,657 
                               -------------  ------------  -------------  --------------- 
 Capital reduction 
  . . . . . . . 
  . . . . . . . 
  . . . . .                14    (1,000,000)             -              -      (1,000,000) 
 Balance at 30 
  June 2016 . . 
  . . . . . . . 
  . . .                          172,454,015     6,989,313      1,871,930      181,315,258 
 Balance at 1 July 
  2016 . . . . . 
  . . . . . . . 
  . .                            172,454,015     6,989,313      1,871,930      181,315,258 
                               =============  ============  =============  =============== 
 Net profit for 
  the period . . 
  . . . . . . . 
  . . . .                                  -     4,597,328              -        4,597,328 
 Other comprehensive 
  income . . . . 
  . . . .. .                               -             -    (8,034,902)      (8,034,902) 
                               -------------  ------------  -------------  --------------- 
 Total comprehensive 
  income . . . . 
  . . . . .                                -     4,597,328    (8,034,902)      (3,437,574) 
                               -------------  ------------  -------------  --------------- 
 Capital reduction 
  . . . . . . . 
  . . . . . . . 
  . . . . .                14   (75,000,000)             -              -     (75,000,000) 
 Balance at 31 
  December 2016 
  . . . . . . . 
  .                               97,454,015    11,586,641    (6,162,972)      102,877,684 
                               =============                               =============== 
 Balance at 1 January 
  2017 . . . . . 
  . . . . . .                     97,454,015    11,586,641    (6,162,972)      102,877,684 
                               -------------  ------------  -------------  --------------- 
 Net profit for 
  the period . . 
  . . . . . . . 
  . . . .                                  -    21,691,133              -       21,691,133 
 Other comprehensive 
  income . . . . 

(MORE TO FOLLOW) Dow Jones Newswires

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

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