Read more - Auriant Mining

Note 12 Loans to subsidiaries
Parent company
2009-12-31
Parent company
2008-12-31
Opening balance 113,167 53,376
Loans during the year 57,716 31,869
Accrued interest 13,015 8,066
Translation difference -14,081 19,856
Net-off of loans given to subsidiaries with loans received from subsidiaries* -80,732 –
Closing receivables 89,085 113,167
Closing book value 89,085 113,167
* In the parent company’s balance sheet the fi nancial assets and long term liabilities to group companies are reduced 2009 by matching them against each other.
Note 13 Goods in stock
Group
2009-12-31
Group
2008-12-31
Raw materials and consumables 18,398 7,538
Ores and concentrates 63,324 9,715
Pure gold 3,673 19
Other stock 31 559
Total 85,426 17,831
The write-down for the year of warehouse stocks was SEK 1,173 thousand (SEK 345 thousand).
Note 14 Other current receivables and Prepaid expenses
Group
2009-12-31
Group
2008-12-31
Parent company
2009-12-31
Parent company
2008-12-31
Other current receivables 1,700 790 657 13,187
VAT receivable* 35,095 20,857 – –
Total other current receivables 36,795 21,647 657 13,187
* The sale of gold is not subject to output VAT but purchase of most materials are subject to input VAT. Therefore CAG companies always have signifi cant
amount of VAT receivable.
Prepaid expenses 4,086 721 84 374
Total prepaid expenses 4,086 721 84 374
Note 15 Profi t/loss and equity per share
a) Before dilution
The profi t/loss per share before dilution is calculated by dividing the profi t/loss attributable to the parent company’s shareholders by the weighted average
number of shares during the period.
Group
2009
Group
2008
Profi t/loss attributable to the parent company’s shareholders 142,213 -57,368
Weighted average number of ordinary shares outstanding (thousands) 17,202 15,000
Earnings per share, SEK 8.27 -3.82
b) After dilution
The weighted average number of shares outstanding after dilution is the same as before dilution. This is because the only potentially diluting effect is the
warrants outstanding at the 2009 year-end. The warrants were issued pursuant to a resolution at the AGM in March 2009. In all, 2.5 million warrants were
issued. The exercise price was set at SEK 40 per option equivalent to one share. The term is up to and including January 2012. As the stock market price
both on average during 2009 and at the 2009 year-end was substantially lower than the subscription price, there is no dilution as a consequence of these
outstanding warrants.