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Central Asia Metals PLC Proposed acquisition of -76-

22 Sep 2017 6:01 am
  amount............................................................................................... 
  ......................................................                                                   9,891,105 
 
 
 At 31 December 2016 
 Cost................................................................................................. 
  ..............................................................................................          10,570,268 
 Accumulated 
  amortization......................................................................................... 
  .............................................................                                           (679,163)) 
 Exchange 
  differences.......................................................................................... 
  ......................................................................                                   (305,933) 
 Net book 
  amount............................................................................................... 
  ......................................................................                                   9,891,105 
 
 
 Period ended 30 June 2017 
 Opening 
  balance............................................................................................... 
  ........................................................................                                 9,891,105 
 Depreciation 
  charge................................................................................................ 
  .................................................................                                        (284,884) 
 Exchange 
  differences........................................................................................... 
  .....................................................................                                      832,258 
 Closing net book 
  amount................................................................................................ 
  .....................................................                                                   10,438,479 
 
 
 At 30 June 2017 
 Cost................................................................................................. 
  ..............................................................................................          11,402,526 
 Accumulated 
  amortization......................................................................................... 
  .............................................................                                            (964,047) 
 Net book 
  amount............................................................................................... 
  ......................................................................                                  10,438,479 
 
   11.       Inventories 
 
                                                                                              30 June    31 December 
                                                                                                2017         2016 
                                                                                            ----------  ------------ 
 Raw 
  materials............................................................................... 
  ........................................................................................ 
  ......                                                                                       338,279       335,185 
 Finished 
  goods................................................................................... 
  .......................................................................................       61,011       284,262 
 Spare parts and other 
  materials............................................................................... 
  ...............................................................                            1,694,505       949,603 
                                                                                             2,093,795     1,569,050 
 

Finished goods represents lead and zinc concentrate.
   12.       Trade and other financial receivables 

Carrying amount of trade receivables is presented as follows:
 
                                                                                             30 June     31 December 
                                                                                               2017          2016 
                                                                                           -----------  ------------ 
 Trade receivables 
  domestic............................................................................... 
  ......................................................................                    17,409,357     3,690,147 
 Trade receivables 
  foreign................................................................................ 
  ........................................................................                           -         1,026 
                                                                                           -----------  ------------ 
 Trade receivables - 
  gross.................................................................................. 
  ....................................................................                      17,409,357     3,691,173 
 Provision for impairment of trade                                                                   -             - 
 receivables............................................................................. 
 ...................................... 
                                                                                           -----------  ------------ 
                                                                                            17,409,357     3,691,173 
                                                                                           -----------  ------------ 
 

Carrying amount of trade and other financial receivables is presented as follows:
 
                                                                                             30 June     31 December 
                                                                                               2017          2016 
                                                                                           -----------  ------------ 
 Trade receivables domestic (Note 
  18).................................................................................... 
  .............................................                                             17,409,357     3,690,147 
 Foreign receivables from related 
  parties................................................................................ 
  .............................................                                                      -         1,026 
                                                                                           -----------  ------------ 
 Trade receivables - 
  net.................................................................................... 
  .......................................................................                   17,409,357     3,691,173 
 Advanced 
  payments............................................................................... 
  ..................................................................................         1,884,399     2,218,322 
 VAT 
  receivables............................................................................ 
  ....................................................................................... 
  .....                                                                                      1,116,061       959,713 
 Other short-term 
  receivables............................................................................ 
  ......................................................................                       878,183       587,126 
 Less: provision for 
  advances............................................................................... 
  ..................................................................                                 -     (551,794) 
                                                                                           -----------  ------------ 
 Other financial 
  receivables............................................................................ 
  ......................................................................                     3,878,643     3,213,367 
                                                                                           -----------  ------------ 
                                                                                            21,288,000     6,904,540 
                                                                                           -----------  ------------ 
 

Movements on the provision for impairment of trade receivables are as follows:
 
                                                                                             30 June     31 December 
                                                                                               2017          2016 
                                                                                            ---------   ------------ 
 Opening balance at 1 
  January................................................................................. 
  ...............................................................                                    -         6,810 
 Write-off previously impaired 
  receivables............................................................................. 
  ............................................                                                       -       (6,810) 
                                                                                            ----------  ------------ 
          -                                                                                                3,691,173 

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

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