Fiscal periods ended Dec 2006
|
Financial Statements
» Balance Sheets
» Statements of Earnings and Deficit
» Cash Flow Statements
» Notes to Financials
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Consolidated Balance Sheets
(Expressed in thousands of United States dollars)
As at, December 31, 2006 |
As at, June 30, 2006 |
|
| ASSETS | ||
| CURRENT | ||
| Cash | 131,937 |
82,482 |
| Restricted cash | 302 |
7,271 |
| Accounts receivable | 4,363 |
4,699 |
| Prepaid expenses and deposits | 1,445 |
1,999 |
| Inventories and stockpiled ore (Note 5) | 23,243 |
25,008 |
| Investment in Barberton Mines Limited (Note 6) | - |
5,242 |
| Investment in Golden Star Resources Limited (Note 7) | 833 |
2,681 |
162,123 |
129,382 |
|
| MINING INTERESTS (Note 8(a)) | 396,775 |
551,605 |
| PROPERTY, PLANT AND EQUIPMENT (Note 8(b)) | 244,190 |
107,877 |
| GOODWILL (Note 8(c)) | 104,592 |
- |
| OTHER MINERAL PROPERTY INTERESTS (Note 9) | 1,889 |
2,330 |
| OTHER ASSETS (Note 21) | 17,304 |
13,474 |
926,873 |
804,668 |
|
| LIABILITIES | ||
| CURRENT | ||
| Accounts payable and accrued liabilities | 38,791 |
43,046 |
| Short-term portion of convertible bonds (Note 11(b)) | - |
2,933 |
38,791 |
45,979 |
|
| RECLAMATION AND CLOSURE COST OBLIGATIONS (Note 10) | 3,196 |
1,496 |
| CONVERTIBLE BONDS (Note 11(a)) | 197,725 |
194,567 |
| OTHER LONG-TERM DEBT (Note 12) | 130,829 |
125,993 |
| FUTURE INCOME TAXES (Note 13) | 96,462 |
134,648 |
| NON-CONTROLLING INTERESTS | 40,734 |
35 |
507,737 |
502,718 |
|
| SHAREHOLDERS' EQUITY | ||
| Share capital (Note 14) | 508,106 |
400,057 |
| Equity component of convertible bonds (Notes 11(a), 11(b)) | 15,607 |
15,676 |
| Contributed surplus | 4,275 |
2,302 |
| Cumulative translation adjustment (Note 15) | 538 |
581 |
| Deficit | (109,390) |
(116,666) |
419,136 |
301,950 |
|
926,873 |
804,668 |
|
CONTINUING OPERATIONS (Note 1)
COMMITMENTS AND CONTINGENCIES (Notes 16 and 17)
SUBSEQUENT EVENTS (Note 23)
ON BEHALF OF THE BOARD:
| "Simon J. Russell" | "Jan A. Vestrum" |
| Simon J. Russell, Director | Jan A. Vestrum, Director |
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