Investor Presentaiton
Consolidated Statement of Financial Position - 30th June 2022
Selected Key Items
In US$ million,
unless stated otherwise
As at
As at
Maintain debt to equity ("DER") level
% chg
30th Jun 2022
31st Dec 2021
Cash and cash equivalents (1)
12.4
12.3
0.8)
Inventories - current
38.0
39.1
(2.8)
Total current assets
87.2
79.2
10.1
Inventories - non current
105.7
101.7
3.9
Fixed assets
161.9
149.2
8.5
Mine properties
276.5
273.1
1.2
Exploration and evaluation assets
56.5
57.7
(1.7)
Increase in short term bank loans due to
additional of working capital loan in June 2022
Total net debt as of June 2022 was US$313.7
mn, reflected debt to equity ("DER") ratio at 1.3x.
The Company has amended some clauses in
loan agreement which was related to repayment
schedule.
Total assets
710.7
689.7
3.0
Short-term bank loans
62.6
34.2
83.0
Trade payables
52.6
41.7
26.1
Current maturities of long-term liabilities
2.2
68.4
(96.8)
Total current liabilities
158.9
201.4
(21.1)
Long-term non-current liabilities
250.3
201.2
24.4
Total liabilities
463.8
457.1
1.4
Retained earnings
136.3
121.8
11.9
Total equity
246.9
232.6
6.1
Note:
The financial position as at 30th June 2022 have been prepared in accordance with Indonesian Financial Accounting Standards and are unaudited. The financial position as at 31st December 2021 has been prepared in accordance with Indonesian Financial
Accounting Standards and audited in accordance with the auditing standards established by the Indonesian Institute of Certified Public Accountants
(1) Cash and cash equivalents were excluding restricted cash in relation to Debt Service.
(2) Net Debt is calculated as the total balance of interest bearing debt reduced by current restricted cash in relation to Debt Service.
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