Download 2004 Annual Report - Polymetal
Download 2004 Annual Report - Polymetal
Download 2004 Annual Report - Polymetal
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NOTE 6Loans to related partiesInterestrate %December 31<strong>2004</strong>Interestrate %December 312003Aurum 1% 386 −Geotekhservice 1% 5 002 1% 3 835Other loans to related parties 0−1% 479 0−1% 339Total loans to related parties 5 867 4 174At December 31, <strong>2004</strong>, Aurum was associate and Geotekhservice was under common control of ZAO ICT.NOTE 7Loans to third partiesInterestrate %December 31<strong>2004</strong>Interestrate %December 312003Zun Hada 1% 49 397 −Teina 4% 21 450 −Other loans to third parties 1% 294 −Total loans to third parties 71 141 −Loans receivable from Zun Hada and Teina were repaid in 2005. Zun Hada was a subsidiary of the Group till December<strong>2004</strong> (Note 25).NOTE 8InventoriesDecember 31<strong>2004</strong>December 312003Raw materials, spare parts and supplies 41 771 33 723Ore 16 660 4 688Work in progress 2 791 5 205Dore 15 038 8 548Finished goods 7 451 2 614Total inventories 83 711 54 778NOTE 9Long−term Investments and Intangible Assets, netDecember 31<strong>2004</strong>December 312003Long−term investments 7 222 6 804Intangible assets, net 2 354 2 411Total long−term investments and intangible assets 9 576 9 21560 <strong>Polymetal</strong> annual report <strong>2004</strong>