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CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Loss for the year $ (17,837) $ (60,646) $ (284,566)
Adjustments for:      
Income tax expense (benefit) 43,145 11,804 (17,054)
Depreciation 74,885 75,774 105,557
Loss on disposal of property, plant and equipment 190 14 2,000
Impairment loss (reversed) recognised for non-financial assets 0 (5,664) 149,574
Write-off of unsuccessful exploration efforts 5,834 31,366 30,084
Accrual of borrowing’s interests 28,879 27,940 28,460
Borrowings cancellation costs 17,575 0 0
Amortisation of other long-term liabilities (657) (2,924) (703)
Unwinding of long-term liabilities 2,779 2,693 2,575
Accrual of share-based payment 4,075 3,367 8,223
Foreign exchange loss (gain) 2,193 (13,872) 33,474
Unrealized loss on commodity risk management contracts 13,300 3,068 0
Income tax paid (6,925) (1,956) (7,625)
Changes in working capital (25,278) 11,920 (24,104)
Cash flows from operating activities - net 142,158 82,884 25,895
Cash flows from investing activities      
Purchase of property, plant and equipment (105,604) (39,306) (48,842)
Cash flows used in investing activities - net (105,604) (39,306) (48,842)
Cash flows from financing activities      
Proceeds from borrowings 425,000 186 7,036
Debt issuance costs paid (6,683) 0 0
Proceeds from cash calls from related parties 1,155 5,210 2,400
Repurchase of shares 0 (1,991) (1,615)
Principal paid (355,022) (22,645) (89)
Interest paid (27,688) (25,490) (25,754)
Borrowings cancellation costs paid (12,315) 0 0
Dividends distribution to non-controlling interest (479) (6,406) 0
Cash flows from (used in) financing activities - net 23,968 (51,136) (18,022)
Net increase (decrease) in cash and cash equivalents 60,522 (7,558) (40,969)
Cash and cash equivalents at 1 January 73,563 82,730 127,672
Currency translation differences 670 (1,609) (3,973)
Cash and cash equivalents at the end of the year 134,755 73,563 82,730
Cash in bank and bank deposits 134,734 73,551 82,720
Cash in hand 21 12 10
Cash and cash equivalents $ 134,755 $ 73,563 $ 82,730