REG - Central Asia Metals - Proposed acquisition of Lynx Resources Limited <Origin Href="QuoteRef">CAML.L</Origin> - Part 11
22/09/2017 07:08
- Part 11: For the preceding part double click ID:nRSV5104Rj
31 December 2015
Income from insurance claims........................................................... 170,378 -
Discount received............................................................................... 27,684 -
Income from sales from PPE.............................................................. 3,341 -
Other operating income...................................................................... 3,655 18,405
205,058 18,405
9. Consumed raw materials
2016 For the period
19 June to
31 December 2015
Consumed materials............................................................................ 5,263,141 733,711
Consumed spare parts and tools...................................................... 4,900,412 523,838
Consumed electricity.......................................................................... 2,298,349 406,036
Consumed petrol................................................................................. 896,320 7,781
13,358,222 1,671,366
10. Salaries/payroll expenses
2016 For the period
19 June to
31 December 2015
Net salaries........................................................................................... 4,120,289 628,523
Compulsory social security contributions...................................... ............................................................................................................... 2,011,307 306,508
Retirement and other benefits (Note 24).......................................... 297,125 -
Other staff costs.................................................................................. 1,657,539 246,673
8,086,260 1,181,704
11. Inventory movement and cost value of tools and consumable goods
2016 For the period
19 June to
31 December 2015
Income from insurance claims........................................................... 211,580 180,854
Discount received............................................................................... (3,964) (862)
207,616 179,992
12. Other operating expenses
2016 For the period
19 June to
31 December 2015
Consultancy and audit expenses...................................................... 4,952,409 840,324
Maintenance expenses ...................................................................... 2,078,549 328,771
Insurance expenses............................................................................ 893,547 87,063
Sponsorship expenses....................................................................... 252,244 57,302
Marketing and representation expenses......................................... 226,752 55,325
Bank charges....................................................................................... 139,389 152,787
Security expenses............................................................................... 123,221 20,269
Transportation expenses................................................................... 57,470 2,156
Telecommunication expenses........................................................... 49,691 16,244
Rental expenses................................................................................... 46,367 5,337
Local taxes ........................................................................................... 34,672 54,337
Other..................................................................................................... 764,141 121,055
9,618,452 1,740,970
13. Finance income and costs
2016 For the period
19 June to
31 December 2015
Foreign exchange gain....................................................................... 3,793,599 509,970
Interest income.................................................................................... 287 90
Finance Income .................................................................................. 3,793,886 510,060
Foreign exchange loss........................................................................ (4,598,812) (429,426)
Interest expense.................................................................................. (1,365,292) (123,075)
Unwind of retirement provision........................................................ (279,996) (37,064)
Other finance expenses...................................................................... (249,981) -
Finance costs....................................................................................... (6,494,081) (689,565)
Net finance income/(costs)............................................................... (2,700,195) (179,505)
14. Income tax expense
Recognized in the consolidated statement of comprehensive income:
2016 For the period
19 June to
31 December 2015
Current tax expense 2,366,093 280,561
Current year.........................................................................................
Deferred tax expense (120,920) -
Decrease/(increase) in deferred tax assets......................................
Total income tax in the statement of comprehensive income..... 2,245,173 280,561
2016 For the period
19 June to
31 December 2015
Profit/loss before tax........................................................................... 12,832,958 1,088,842
Tax rate................................................................................................. 10% 10%
Tax expense at the Lynx Resources tax rate................................... 1,283,296 108,884
Items which are not deductible (taxable in calculating taxable income:
Profit (loss) not subject to tax - group operations in Bermuda... (8,165,117) -
Non-deductible expenses - Consolidated level............................. 15,328,476 1,716,768
Non-deductible expenses - Sasa...................................................... 3,664,611 -
Subtotal................................................................................................ 10,827,970 1,716,768
Tax Rate................................................................................................ 10% 10%
Tax Effect.............................................................................................. 1,082,797 171,677
Deferred tax income............................................................................ (120,920) -
Income tax expense............................................................................. 2,245,173 280,561
Effective tax rate................................................................................. 17% 26%
Macedonia tax position
Macedonian tax legislation does not allow tax consolidation. Lynx Group consolidated current income tax consists of Sasa
and Lynx Europe stand-alone income tax.
According to the provisions of the Macedonian tax law the tax base is the profit generated during the fiscal year increased
for non-deductible expenses and reduced for deductible revenue (i.e. dividends already taxed at the payer), with income tax
at rate of 10%. In line with this Law, Income tax for the year was calculated and recorded in the consolidated statement of
comprehensive income.
The tax authorities may at any time inspect the books and records within 5 to 10 years subsequent to the reported tax year,
and may impose additional tax assessments and penalties. The Lynx Group's management is not aware of any circumstances,
which may give rise to a potential material liability in this respect.
15. Property, plant and equipment
Land Buildings and mining infrastructure Machinery and equipment Mineral reserves Construction in progress Total
For the period from 19 June to 31 December 2015
Opening balance...... - - - - - -
Acquisition of a subsidiary 603,081 25,892,374 20,698,379 135,937,575 6,840,749 189,972,158
(Note 5)..................
Additions................. - - - - 1,297,793 1,297,793
Transfer from construction in progress................... - 498,199 822,895 - (1,321,094) -
Disposals................. - - (19,223) - - (19,223)
Depreciation charge. - (335,092) (822,997) (1,072,005) - (2,230,094)
Exchange differences................................ (4,653) (225,414) (145,180) (137,471) (52,770) (565,488)
Closing net book amount.................. 598,428 25,830,067 20,533,874 134,728,099 6,764,678 188,455,146
At 31 December 2015........................
Cost......................... 598,428 26,165,159 21,356,871 135,800,104 6,764,678 190,685,240
Accumulated depreciation............. - (335,092) (822,997) (1,072,005) - (2,230,094)
Net book amount.. 598,428 25,830,067 20,533,874 134,728,099 6,764,678 188,455,146
Year ended 31 December 2016
Opening balance...... 598,428 25,830,067 20,533,874 134,728,099 6,764,678 188,455,146
Additions................. 206 2,391,165 - - 8,229,753 10,621,124
Transfer from construction in progress................... - 1,434,788 2,537,761 - (3,972,549) -
Write-off................. - (1,909,846) - - - (1,909,846)
Disposals................. - - (222) - - (222)
Depreciation charge. - (1,722,096) (5,093,588) (7,177,958) - (13,993,642)
Exchange differences................................ (18,530) (1,000,988) (392,220) (6,960,117) (209,466) (8,581,231)
Closing net book amount.................. 580,104 25,023,090 17,585,605 120,590,024 10,812,416 174,591,239
At 31 December 2016
Cost......................... 580,104 26,745,186 22,679,193 127,767,982 10,812,416 188,584,881
Accumulated depreciation............. - (1,722,096) (5,093,588) (7,177,958) - (13,993,642)
Net book amount.. 580,104 25,023,090 17,585,605 120,590,024 10,812,416 174,591,239
The Lynx Group has pledged building and equipment with an estimated value of $11,259,660 (2015: $3,573,504) as a security
for the borrowings (See Note 25).
16. Intangible assets
Total
For the period from 19 June to 31 December 2015
Opening balance....................................................................................................................................... -
Additions................................................................................................................................................... 11,018,526
Amortization expense............................................................................................................................... (97,048)
Exchange differences................................................................................................................................ (82,830)
Closing net book amount........................................................................................................................ 10,838,648
At 31 December 2015
Cost............................................................................................................................................................. 10,935,696
Accumulated amortization....................................................................................................................... (97,048)
Net book amount....................................................................................................................................... 10,838,648
Year ended 31 December 2016
Opening balance....................................................................................................................................... 10,838,648
Amortization expense............................................................................................................................... (582,115)
Exchange differences................................................................................................................................ (365,428)
Closing net book amount........................................................................................................................ 9,891,105
At 31 December 2016
Cost............................................................................................................................................................. 10,570,268
Accumulated amortization....................................................................................................................... (679,163)
Net book amount....................................................................................................................................... 9,891,105
Intangible assets consist of mining rights, which are payments made to the Government of the Republic of Macedonia for
the approval of the acquisition transaction in relation to the transfer of the ownership (concession right)
from the previous owner under the Law on mineral resources in amount of $11,018,526 in 2015.
17. Deferred tax assets
Deferred tax assets and liabilities are attributable to the following items:
Assets Liabilities
2016 2015 2016 2015
Deferred tax assets - short term loan to related parties................................... 120,920 - - -
Tax assets.............................................. 120,920 - - -
Deferred tax asset balance is recoverable within 12 months following the reporting date.
The movement in deferred tax assets during the year is as follow:
At 19 January 2015 Recognized in statement of comprehensive income At 31 December 2016
Deferred tax assets.............................................. - 120,920 120,920
Tax assets (Note 14)........................................... - 120,920 120,920
18. Inventories
2016 2015
Raw materials................................................................................................................. 335,185 546,567
Finished goods.............................................................................................................. 284,262 792,735
Spare parts and other materials................................................................................... 949,603 553,362
1,569,050 1,892,664
Finished goods represents lead and zinc concentrate.
19. Trade and other financial receivables
Carrying amount of trade receivables is presented as follows:
2016 2015
Trade receivables domestic.................................................................................... 3,690,147 5,304,324
Trade receivables foreign........................................................................................ 1,026 7,710
Trade receivables - gross....................................................................................... 3,691,173 5,312,034
Provision for impairment of trade receivables...................................................... - (6,810)
3,691,173 5,305,224
Carrying amount of trade and other financial receivables is presented as follows:
2016 2015
Trade receivables domestic (Note 26)................................................................... 3,690,147 5,304,324
Foreign receivables from related parties (Note 26).............................................. 1,026 7,710
Less: Provision for impairment............................................................................... - (6,810)
Trade receivables - net............................................................................................ 3,691,173 5,305,224
Prepaid expenses and advance payments............................................................ 2,218,322 1,147,672
Less: provision for advances................................................................................. (551,794) -
VAT receivables....................................................................................................... 959,713 617,299
Other short-term receivables.................................................................................. 587,126 389
Other financial receivables................................................................................... 3,213,367 1,765,360
6,904,540 7,070,584
The ageing analysis of trade receivables is as follows:
2016 2015
Not past due.............................................................................................................. 3,691,173 5,305,224
Up to 30 days
From 31 to 90 days................................................................................................... - -
From 91 to 180 days................................................................................................. - -
Total gross receivables........................................................................................... 3,691,173 5,305,224
Movement in allowance for impairment for other receivables is as follows:
2016 2015
At 1 January.............................................................................................................. 6,810 6,810
Write-off previously impaired receivables........................................................... (6,810) -
At 31 December....................................................................................................... - 6,810
Amounts charged to the allowance account are generally provisioned when there is no expectation of recovering additional
cash, or overdue by 180 days or more. During 2016, the Lynx Group wrote off advance payments of $579,510 due to their
inability to be collected.
Write off of prepaid expenses and advance payments:
2016 2015
Over 180 days.................................................................................... - -
Over 1 year........................................................................................ 551,794 6,810
551,794 6,810
According to the Lynx Group's policies the following factors are taken into consideration when assessing the impairment of
receivables: receivables above 90 days or more, frequent late payments, high risk customers and customer with financial
difficulties.
The carrying amounts of the Lynx Group's trade receivables are denominated in the following currencies:
2016 2015
MKD............................................................................................. - 900
USD.............................................................................................. 3,691,173 5,304,324
3,691,173 5,305,224
The carrying amounts of the Lynx Group's other financial receivables are denominated in the following currencies:
2016 2015
MKD............................................................................................. 1,030,513 1,282,665
EUR.............................................................................................. 256,773 85,296
USD.............................................................................................. 1,864,552 -
RUB.............................................................................................. 61,529 -
SEK.............................................................................................. - 397,399
3,213,367 1,765,360
The fair value of the trade receivables and the other financial receivables at the balance sheet date is the same as their
carrying value.
20. Cash and cash equivalents
2016 2015
Bank deposits........................................................................... 14,625,335 6,531,333
Bank accounts in domestic currency.......................................... 13,054,776 673,787
Bank accounts in foreign currency............................................. 1,614,090 86,884
29,294,201 7,292,004
Bank deposit in amount of $14,625,335 represents time deposit in Ohridska Banka AD Skopje with validity of 13 days
calculated from the date of the loan payment with no interest and was used as a collateral for obtaining short-term
borrowing. Due to the economic substance of the restriction and the availability of the cash funds after the maturity, the
Lynx Group classified the bank deposits as cash and cash equivalent as at 31 December 2016.
The carrying amounts of the cash and cash equivalents are denominated in the following currencies:
2016 2015
MKD......................................................................................... 14,801,010 6,598,747
EUR........................................................................................... 15,290 19,470
USD........................................................................................... 14,477,901 673,787
29,294,201 7,292,004
21. Capital and reserves
Capital
Paid-in capital
At 31 December 2016 and 2015, the Lynx Group has paid-in capital, which amounts to $97,454,015 and $173,454,015.
In February 2016, Lynx Resources bought back a $1,000,000 preference share from one of the shareholders.
In October 2016, Lynx Resources distributed a $75,000,000 dividend to its shareholders by way of capital reduction.
Other reserves-Foreign currency translation
Exchange differences arising on translation of the foreign controlled entity are recognized in other comprehensive income
as described in Note 2.4 and accumulated in a separate reserve within equity. The cumulative amount is reclassified to
profit or loss when the net investment is disposed of.
The following table shows a breakdown of the balance sheet line item 'other reserves' and the movements in these reserves
during the year:
Other
reserves
At 19 June 2015 -
Exchange differences on foreign currency translation............................................. (771,695)
At 31 December 2015...................................................................................... (771,695)
At 1 January 2016............................................................................................... (771,695)
Exchange differences on foreign currency translation:
Intercompany loans........................................................................................... (5,074,661)
Sales................................................................................................................ 228,064
Other............................................................................................................... (544,680)
At 31 December 2016...................................................................................... (6,162,972)
Translation differences as above of $5,074,661 originates from the intercompany loan between Lynx Mining and Lynx Europe,
which is considered a net investment as settlement, is neither planned nor likely to occur in the foreseeable future.
22. Trade payables and other financial liabilities
Carrying amount of trade payables is presented as follows:
2016 2015
Domestic trade payables................................................................. 2,596,279 1,466,743
Foreign trade payables.................................................................... 813,117 620,724
Trade payables............................................................................ 3,409,396 2,087,467
Employee related liabilities.............................................................. 602,923 402,718
Concession liability......................................................................... 204,361 474,422
Professional fees payable................................................................ 116,285 118,716
Freight cost payable........................................................................ 30,847 77,458
Other financial liabilities.................................................................. 1,042,235 346,215
Other financial liabilities............................................................. 1,996,651 1,419,529
5,406,047 3,506,996
The carrying amounts of the trade payables are denominated in the following currencies:
2016 2015
MKD........................................................................................ 2,596,279 1,466,743
GBP......................................................................................... 89,959 -
USD......................................................................................... 16,233 69,126
EUR......................................................................................... 534,295 416,611
SEK.......................................................................................... 165,138 134,987
Other........................................................................................ 7,492 -
3,409,396 2,087,467
The carrying amounts of the other financial liabilities are denominated in the following currencies:
2016 2015
MKD........................................................................................ 914,537 1,223,354
USD......................................................................................... 1,082,114 196,175
1,996,651 1,419,529
23. Deferred revenue-received advances for silver delivery
The carrying amounts of the deferred revenue-received advances for silver delivery are as follows:
2016 2015
Deferred revenue-received advances for silver delivery............. 21,573,555 -
21,573,555 -
Current...................................................................................... 1,970,092 -
Non-current............................................................................... 19,603,463 -
On 1 September 2016, Lynx Group entered into a Silver Purchase Agreement with a related party, Lynx Metals Ltd by netting
of its existing Loan payable with Lynx Metals. The prepayments for the purchase of silver are recognized as deferred income
and are related to production of silver during the life of the mine. Deferred income is recognized to the statement of
comprehensive income as the silver is delivered based on the units of production.
24. Provision for liability and charges
Employee benefits provisions
Restoration, Employee Other Total
closure cost and retirement benefits
decommissioning benefits
As of 19 June 2015 - - - -
Acquisition of a subsidiary........................... 2,130.297 133,110 246,398 2,509,805
Unwinding of discount and changes in provision.......................................................... 28,642 5,145 3278 37,065
As at 31 December 2015............................... 2,158,939 138,255 249,676 2,546,870
Non-current...................................................... 2,158,939 118,899 132,329 2,410,167
Current.............................................................. - 19,356 117,347 136,703
2,158,939 138,255 249,676 2,546,870
Employee benefits provisions
Restoration, Employee Other Total
closure cost and retirement benefits
decommissioning benefits
As of 1 January 2016...................................... 2,158,939 138,255 249,676 2,546,870
Unwinding of discount and changes in provision.......................................................... 273,090 (7,550) 203,006 468,546
As at 31 December 2016............................... 2,432,029 130,705 452,682 3,015,416
Non-current...................................................... 2,432,029 111,349 405,754 2,949,132
Current.............................................................. - 19,356 46,928 66,284
2,432,029 130,705 452,682 3,015,416
(i) Restoration and decommissioning provision
Under current legislation entities operating mining and related activities in the Republic of Macedonia are required to
take remedial action for the land where such activities have occurred based on a plan approved by the Ministry of the
Environment as well as in accordance with international best practices. After the ceasing of mining activities the Lynx
Group is obliged to restore the mining area and to return in its initial condition.
The Lynx Group has engaged an independent expert to conduct an independent assessment on the environment of the mining
activities of the Lynx Group and to prepare assessment of the restoration and the relevant costs connected with the mine,
tailing site and the mining properties. The calculation was performed on a basis of this independent assessment performed
by an environmental technical expert.
The expected current cash flows were projected over the useful life of the mining sites and discounted to 2016 terms using
a risk free discount rate. The cost of the related assets are depreciated over the useful life of the assets and are
included in property, plant and equipment. If the estimated discount rate used in the calculation had been 10% lower than
management's estimates, the carrying amount of the restoration and decommissioning provision would have been $255,910
higher.
(ii) Employee retirement benefit provision
All employers in the Republic of Macedonia are obliged to pay employees minimum severance pay on retirement equal to two
months of the average monthly salary applicable in the Country at the time of retirement.
(iii) Other employee benefits
The Lynx Group is also obliged to pay jubilee anniversary awards that correspond to the total number of years of service of
the employee. Provisions for termination and retirement obligations are recognized in accordance with actuary calculation
in 2016. Basic actuary assumptions are used as follows:
2016
Discountrate ......................................................... 4.3%
Expectedrateofsalaryincrease ............................................. 2.5%
Retirement benefit obligation is stated at the present value of expected future payments to employees with respect to
employment retirement pay. The present value of expected future payments to employees is determined by an independent
authorised actuary in accordance with the prevailing rules of actuarial mathematics.
25. Borrowings
2016 2015
Non-current 62,571,429 25,000,000
Borrowings..............................................................................
Current 28,742,611 11,119,170
Borrowings..............................................................................
Accrued interest payable................................................................. - 43,151
912,324,040 36,162,321
Non-current borrowings are measured at amortized cost. Non-current borrowings represent the long-term loan that was issued
of $75,000,000 from Societe Generale, Investec and Ohridska Banka (the Senior Facility) obtained in October 2016 with an
interest rate of 3 month LIBOR plus 5%, maturing on 30 September 2023.
The borrowings are measured at amortized cost. Bank borrowings from Ohridska Banka represent four short- term loans. The
first loan was issued in amount of $5,307,885 (MKD 310,300,000) with interest rate of 6.2% p.a. maturing on 30 June 2017.
The second loan was issued in amount of $525,948 (MKD 370,000,000) with interest rate of 4.5% p.a. with maturity date on 5
September 2017. The third loan was approved in amount of $1,051,707 (MKD 61,483,000) with interest rate of 4.5% p.a.
maturing on 30 November 2017. Short-term loan outstanding as at 31 December 2016 of $14,625,335 (MKD 855.000.000) is
obtained from Ohridska Banka with interest rate of 3% with maturity date of 13 days.
The carrying amounts and fair value of all borrowings are as follows:
Carrying amount Fair value
2016 2015 2016 2015
Ohridska Banka AD Skoje................................................................................ 18,324,040 11,119,170 18,324,040 11,119,170
SG Facility........................................................................................................... 73,000,000 - 73,000,000 -
Lynx Metals........................................................................................................ - 25,000,000 - 25,000,000
Accrued interest payable - Lynx Metals....................................................... - 43,151 - 43,151
91,324,040 36,162,321 91,324,040 36,162,321
The fair value of all borrowings equals their carrying amount, as the impact of discounting is not significant. The
information in relation to the pledge of collateral is presented in Note 15.
The carrying amounts of the borrowings are denominated in the following currencies:
2016 2015
MKD................................................................................................... 18,234,040 11,119,170
USD.................................................................................................... 73,000,000 25,043,151
91,324,040 36,162,321
26. Related party transactions
The Lynx Group has related party transactions with subsidiaries of Lynx Resources during its normal course of business
activities. All transactions with related parties are conducted under normal trading and commercial terms at mutually
agreed terms. The tables below provides information for the volume and balances of the related party transactions as of and
for the years ended 31 December 2016 and 2015.
(i) Year-end balances arising from purchases/sales of commodities and services
2016 2015
Receivables from related parties 3,690,147 3,527,149
Subsidiaries of the ultimate beneficiaries of the Lynx Group.............................
At 31 December 3,690,147 3,527,149
(ii) Year-end balances arising from Borrowings
2016 2015
Borrowings from Lynx Metals - subsidiary of the ultimate beneficiaries of the Lynx Group......................................................................................................... - 25,000,000
Interest payables to related parties........................................................................ - 43,151
At 31 December - 25,043,151
(iii) Sales of commodities and services
2016 For the period from 19 June to 31 December 2015
Sales towards Lynx MetalsGross revenue from sales of subsidiaries of the ultimate beneficiaries of the Lynx Group....................................................................................................... 77,515,409 8,620,144
Gross revenue from sales of silver...................................................................... 969,742 -
Marketing Cost...................................................................................................... (9,372,696) -
At 31 December 69,112,455 8,620,144
(iv) Services obtained
2016 For the period from 19 June to 31 December 2015
Services obtained from Fusion Capital - shareholder of Lynx Resources............................................................................................................. 3,015,000 659,091
At 31 December.................................................................................................. 3,015,000 659,091
iv) Key management compensation
Key management compensation is paid to the shareholders of Lynx Resources. Short term employee benefits was $3,015,000 for
2016 and $695,091 for 2015).
27. Contingencies
а) Legal proceedings
From time to time and in the normal course of the business, claims against the Lynx Group may be received. On the basis of
its own estimates and both internal and external professional advice, the Management of the Lynx Group is of the opinion
that no material losses will be incurred in respect of claims and accordingly no provision has been made in this
consolidated financial information.
28. Events after the reporting period
There are no events after the reporting period that would have impacted on the 2016 statement of comprehensive income,
statement of financial position or statement of cash flows.
SECTION C: UNAUDITED INTERIM FINANCIAL INFORMATION OF LYNX RESOURCES FOR THE SIX MONTHS ENDED 30 JUNE 2017
Six months ended 30 June
Note 2017 2016
Unaudited Unaudited
REVENUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,664,302 30,671,573
Presented as:Gross revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 56,157,449 35,654,708
Marketing cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,373,143) (4,085,191)
Silver purchase for silver stream . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,263,432) -
Freight cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (856,572) (897,944)
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,664,302 30,671,573
OPERATING EXPENSES
Inventory movement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (258,718) (171,159)
Consumed raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (6,063,122) (6,222,634)
Salaries/payroll expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,237,927) (2,956,272)
Cost value of tools and consumable goods . . . . . . . . . . . . . . . . . . . . . . (4,127) (1,931)
Concession expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,353,035) (995,164)
Other operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,569,589) (4,970,888)
Write off of PPE and other financial assets . . . . . . . . . . . . . . . . . . . . . . 9,12 (1,326) (234)
Depreciation expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,10 (6,568,036) (7,475,682)
Other operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93,905 21,096
Total operating profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 26,702,327 7,898,705
Finance income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7,153,855 378,006
Finance costs . . . . . . . . . . . . . . . . .
- More to follow, for following part double click ID:nRSV5104RlRecent news on Central Asia Metals
See all newsREG - Central Asia Metals Morgan Stanley - TR-1: Notification of major holdings
AnnouncementREG - Central Asia Metals - Total Voting Rights
AnnouncementREG - Central Asia Metals - Results of Extraordinary General Meeting
AnnouncementREG - Central Asia Metals Morgan Stanley - TR-1: Notification of major holdings
AnnouncementREG - Central Asia Metals - 2025 Full-Year Results
Announcement