Avocet Mining PLC Prospectus December 2011

c105718pu065 Proof 5: 7.12.11_13:43 B/L Revision:
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Note
30 September
2011
Unaudited
31 December 30 September
2010
Audited
2010
Unaudited
US$000 US$000 US$000
Non-current assets
Goodwill — — 11,071
Intangible assets 6 32,543 11,091 21,812
Property, plant and equipment 7 252,326 239,979 302,187
Other financial assets 12 2,313 20,293 —
Deferred tax assets 1,459 1,459 5,251
288,641 272,822 340,321
Current assets
Inventories 40,650 20,379 39,535
Non-current assets held for sale — — 7,212
Trade and other receivables 22,689 16,157 26,320
Cash and cash equivalents 9 120,373 49,523 46,305
183,712 86,059 119,372
Assets of disposal group classified as held for sale 2,3 1,935 125,550 —
Current liabilities
Trade and other payables 45,767 28,430 49,987
Current tax liabilities — — 3,488
Other financial liabilities 8 24,000 24,000 24,000
69,767 52,430 77,475
Liabilities included in disposal group held for sale 2,3 — 45,432 —
Non-current liabilities
Other financial liabilities 8 11,000 54,000 60,000
Deferred tax liabilities 6,007 9,593 4,152
Other liabilities 3,737 3,737 18,075
20,744 67,330 82,227
Net assets 383,777 319,239 299,991
Equity
Issued share capital 16,247 16,086 16,004
Share premium 149,915 144,571 144,271
Other reserves 15,614 30,632 12,014
Retained earnings 201,772 118,606 118,253
Total equity attributable to the parent 383,548 309,895 290,542
Non-controlling interest 229 9,344 9,449
Total equity 383,777 319,239 299,991
166