Financial Information
2007 Preliminary Results
Kenmare Resources plc Group Balance Sheet as at 31st December 2007
12 Months 31-12-07 Audited US$'000 |
12 Months 31-12-06 Audited US$'000
|
||||
|---|---|---|---|---|---|
| Assets | |||||
| Non-Current Assets | |||||
| Deferred Development Expenditure | 176,365 |
140,751 | |||
| Property, Plant & Equipment | 264,513 | - | |||
| Construction in Progress | 46,082 |
265,718 | |||
486,960 |
406,469 | ||||
| Current Assets | |||||
| Inventory | 5,631 | - | |||
| Trade and other receivables | 4,842 |
810 | |||
| Cash and cash equivalents | 56,203 |
87,230 | |||
66,676 |
88,040 | ||||
| Total Assets | 553,636 |
494,509 | |||
| Equity | |||||
| Capital and reserves attributable to the Company's equity holders | |||||
| Called Up Share Capital | 60,742 |
55,940 | |||
| Share Premium | 121,501 |
108,512 | |||
| Capital Conversion Reserve Fund | 754 | 754 | |||
| Retained Earnings | (31,136) |
(21,504) | |||
| Other Reserves | 41,562 |
40,347 | |||
| Total Equity | 193,423 |
184,049 | |||
| Liabilities | |||||
| Non-current Liabilities | |||||
| Bank loans | 299,570 |
266,152 | |||
| Accrued liabilities and other loans | 2,292 |
- | |||
| Long-term provision | 2,505 | 2,365 | |||
304,367 |
268,517 | ||||
| Current Liabilities | |||||
| Bank Loans | 26,273 | 4,424 | |||
| Trade and other payables | 29,573 |
37,519 | |||
55,846 |
41,943 | ||||
| Total Liabilities | 360,213 |
310,460 | |||
| Total equity and liabilities | 553,636 |
494,509 | |||
The above Group Balance Sheet should be read in conjunction with the Chairman's Statement.
