Annual Report 2000 in PDF - Antofagasta plc

More documents

Recommendations

Info

Parent Company Balance SheetAt 31 December 2000US DollarsSterling2000 1999 2000 1999Notes US$m US$m £m £mFixed assetsInvestment in subsidiaries 12 482.8 512.4 315.8 316.6Other investments 14 5.0 5.4 2.6 2.8487.8 517.8 318.4 319.4Current assetsDebtors 16 0.2 1.3 0.1 0.8Current asset investments 128.7 144.4 86.1 89.7128.9 145.7 86.2 90.5Creditors – amounts falling due within one yearAmounts owed to subsidiaries (236.1) (237.0) (158.1) (147.2)Dividends (64.0) (18.3) (44.4) (11.3)(300.1) (255.3) (202.5) (158.5)Net current liabilities (171.2) (109.6) (116.3) (68.0)Total assets less current liabilities 316.6 408.2 202.1 251.4Capital and reservesCalled up share capitalPreference shares – non-equity 21 3.0 3.2 2.0 2.0Ordinary shares – equity 21 14.7 15.9 9.9 9.917.7 19.1 11.9 11.9Reserves – equityShare premium account 9 253.1 272.8 169.4 169.4Profit and loss account 9 45.8 116.3 20.8 70.1Shareholders’ funds (including non-equity interests) 22 316.6 408.2 202.1 251.4ANTOFAGASTA PLC Annual Report 2000Approved by the Board on 8 May 2001.A A LuksicDirectorsP J AdeaneThe Notes on pages 42 to 75 form part of these financial statements.40
Consolidated Cash Flow StatementFor the year ended 31 December 2000US DollarsSterling2000 1999 2000 1999Notes US$m US$m £m £mNet cash inflow from operating activities 23(a) 326.6 4.3 215.4 2.8Dividends received from associates – 1.3 – 0.8Returns on investment and servicing of finance 23(b) (42.6) (14.8) (28.7) (9.1)Taxation – overseas tax recovered/(paid) 1.1 (4.5) 0.7 (2.8)Capital expenditure and financial investment 23(b) (314.5) (600.6) (207.5) (370.6)Acquisitions and disposals – net cash balancesacquired with subsidiary 0.9 – 0.5 –Equity dividends paid (26.6) (24.3) (17.7) (14.8)Cash outflow before management of liquidresources and financing (55.1) (638.6) (37.3) (393.7)Management of liquid resources – net decreasein time deposits 40.2 55.4 26.5 34.2Net cash inflow from financing 23(b) 17.8 582.7 11.7 359.7Net cash inflow/(outflow) in the year 2.9 (0.5) 0.9 0.2Reconciliation of Net Cash Flow to Movement in Net DebtUS DollarsSterling2000 1999 2000 1999Note US$m US$m £m £mNet cash inflow/(outflow) in the year 2.9 (0.5) 0.9 0.2Cash inflow from increase in debt (9.8) (517.2) (6.4) (319.3)Cash inflow from decrease in liquid resources (40.2) (55.4) (26.5) (34.2)Change in net debt resulting from cash flows 23(c) (47.1) (573.1) (32.0) (353.3)Acquisition 5.1 (6.4) 3.2 (3.9)Capitalisation of subordinated debt 10.3 – 6.8 –Reclassification to short-term interest accruals 3.5 – 2.2 –Reclassification from minority interests – (26.6) – (16.0)Interest accrued on long-term balances (8.1) (4.6) (5.3) (2.8)New leases (16.3) – (10.8) –Exchange (3.5) (3.8) (37.6) (7.8)ANTOFAGASTA PLC Annual Report 2000Movement in net debt in the year (56.1) (614.5) (73.5) (383.8)41Net debt at 1 January 23(c) (739.5) (125.0) (459.1) (75.3)Net debt at 31 December 23(c) (795.6) (739.5) (532.6) (459.1)
Page 1 and 2: ANNUAL REPORT 2000
Page 3: Directors and AdvisorsDirectorsA A
Page 8: Chairman’s ReviewMININGMinera Los
Page 11 and 12: View of crushing facilitiesDome ove
Page 13: Harvesting cathodes from electrowin
Page 16 and 17: Chairman’s ReviewTRANSPORT ANDREA
Page 18 and 19: Chairman’s ReviewANTOFAGASTA PLC
Page 20 and 21: Financial ReviewBasis of Financial
Page 22 and 23: Financial ReviewIncome from Other F
Page 24 and 25: Financial ReviewCash Flows and Fina
Page 26 and 27: Production StatisticsFor the year e
Page 28 and 29: Report of the DirectorsThe Director
Page 30 and 31: Report of the DirectorsSpecial Busi
Page 32 and 33: Corporate GovernanceGiven its small
Page 34 and 35: Report on Remuneration and Related
Page 36 and 37: Auditors’ Report to the Members o
Page 38 and 39: Consolidated Profit and Loss Accoun
Page 40 and 41: Consolidated Statement of Total Rec
Page 44 and 45: Notes to the Financial Statements1
Page 78 and 79: Five Year Summary - US DollarsConso
Page 80 and 81: Notice of MeetingAntofagasta plcNot
Page 82: Designed by RDA. Printed by Royle F

Annual Report 2000 in PDF - Antofagasta plc

Create successful ePaper yourself

Delete template?

Save as template?