ANNUAL%20REPORT%202015%20eng

Recommendations

Info

Notes to Consolidated Financial Statements 30 FINANCIAL RISK MANAGEMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued) (e) Liquidity risk The Group has to maintain a suitable level of liquidity to finance the daily operation, capital expenditure and repayment of borrowings. The Group’s policy is to regularly monitor current and expected liquidity requirements to ensure that it maintains sufficient reserves of cash and adequate committed lines of funding from major financial institutions to meet its liquidity requirements in the short and longer term. The following table details the remaining contractual maturities at the balance sheet date of the Group’s financial liabilities, which are based on contractual undiscounted cash flows (including interest payments computed using contractual rates or, if floating, based on rates current at the balance sheet date) and the earliest date the Group can be required to pay: 2015 Contractual undiscounted cash outflow After After Total Balance 1 year but 2 years but contractual sheet within within within After undiscounted carrying 1 year 2 years 5 years 5 years cash flow amount USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Borrowings (Note 23) 199,818 — — — 199,818 197,631 Trade and other payables (Note 24) 218,930 — — — 218,930 213,429 Senior notes (Note 26) 53,250 626,625 — — 679,875 597,634 471,998 626,625 — — 1,098,623 1,008,694 2014 Contractual undiscounted cash outflow After After Total Balance 1 year but 2 years but contractual sheet within within within After undiscounted carrying 1 year 2 years 5 years 5 years cash flow amount USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Borrowings (Note 23) 129,807 175,482 — — 305,289 276,796 Trade and other payables (Note 24) 299,432 — — — 299,432 298,118 Senior notes (Note 26) 53,250 53,250 626,625 — 733,125 595,906 482,489 228,732 626,625 — 1,337,846 1,170,820 Annual Report 2015 187
Notes to Consolidated Financial Statements 30 FINANCIAL RISK MANAGEMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued) (f) Fair value measurement (i) Financial assets and liabilities measured at fair value Fair value hierarchy The following table presents the fair value of the Group’s financial instruments measured at the balance sheet date on a recurring basis, categorised into the three-level fair value hierarchy as defined in IFRS 13, Fair value measurement. The level into which a fair value measurement is classified is determined with reference to the observability and significance of the inputs used in the valuation technique as follows: • Level 1 valuations: Fair value measured using only Level 1 inputs i.e. unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. • Level 2 valuations: Fair value measured using Level 2 inputs i.e. observable inputs which fail to meet Level 1, and not using significant unobservable inputs. Unobservable inputs are inputs for which market data are not available. • Level 3 valuations: Fair value measured using significant unobservable inputs. Fair value of the Group’s financial instruments, including redemption option embedded in senior notes and conversion option embedded in convertible notes which is categorised into Level 3 of the fair value hierarchy was valued by the directors with the reference to a valuation report issued by an independent business valuer. Fair value at 31 December Fair value measurements as at 31 December 2015 categorised into 2015 Level 1 Level 2 Level 3 USD’000 USD’000 USD’000 USD’000 Recurring fair value measurement Assets – Redemption option embedded in senior notes — — — — 188 Annual Report 2015
Page 1 and 2:
(Incorporated in the Cayman Islands
Page 3 and 4:
Company Profile Mongolian Mining Co
Page 5 and 6:
Corporate Information BOARD OF DIRE
Page 7 and 8:
Directors and Senior Management BOA
Page 9 and 10:
Directors and Senior Management Gan
Page 11 and 12:
Directors and Senior Management Une
Page 13 and 14:
Directors and Senior Management SEN
Page 15 and 16:
Group Structure 14 Annual Report 20
Page 17 and 18:
Chairman’s Statement I believe th
Page 19 and 20:
Management Discussion and Analysis
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Sustainability Report OUR APPROACH
Page 55 and 56:
Sustainability Report Fair operatin
Page 57 and 58:
Sustainability Report Figure 3. HR
Page 59 and 60:
Sustainability Report The Company
Page 61 and 62:
Sustainability Report In September
Page 63 and 64:
Sustainability Report Figure 5. LTI
Page 65 and 66:
Sustainability Report Biodiversity
Page 67 and 68:
Sustainability Report In 2015, appr
Page 69 and 70:
Sustainability Report There are num
Page 71 and 72:
Sustainability Report OUR COMMUNITY
Page 73 and 74:
Sustainability Report We receive gr
Page 75 and 76:
Sustainability Report As part of th
Page 77 and 78:
Sustainability Report Procurement W
Page 79 and 80:
Corporate Governance Report BOARD O
Page 81 and 82:
Corporate Governance Report Continu
Page 83 and 84:
Corporate Governance Report Remuner
Page 85 and 86:
Corporate Governance Report The Cor
Page 87 and 88:
Corporate Governance Report SHAREHO
Page 89 and 90:
Directors’ Report The Directors s
Page 91 and 92:
Directors’ Report Risk Management
Page 93 and 94:
Directors’ Report FINANCIAL STATE
Page 95 and 96:
Directors’ Report DIRECTORS’ SE
Page 97 and 98:
Directors’ Report DIRECTORS’ AN
Page 99 and 100:
Directors’ Report The basis of el
Page 101 and 102:
Directors’ Report Details of the
Page 103 and 104:
Directors’ Report RIGHTS TO PURCH
Page 105 and 106:
Directors’ Report ER pledged its
Page 107 and 108:
Directors’ Report At the time of
Page 109 and 110:
Independent Auditor’s Report OPIN
Page 111 and 112:
Consolidated Statement of Profit or
Page 113 and 114:
Consolidated Statement of Financial
Page 115 and 116:
Consolidated Cash Flow Statement Fo
Page 117 and 118:
Notes to Consolidated Financial Sta
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138: Notes to Consolidated Financial Sta
Page 187: Notes to Consolidated Financial Sta
Page 199 and 200: Financial Summary SUMMARY DATA OF C
Page 201 and 202: Glossary and Technical Terms “FOT
Page 203 and 204: Glossary and Technical Terms “Ore
Page 205 and 206: Appendix I Technical details of the
Page 207 and 208: Appendix I Criteria Commentary •
Page 209 and 210: Appendix I Criteria Commentary Infr
show all

ANNUAL%20REPORT%202015%20eng

Create successful ePaper yourself

Delete template?

Save as template?