XML 33 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Profit (Loss) for the year $ 61,127,000 $ (232,950,000) $ 57,757,000
Adjustments for:      
Income tax expense 67,271,000 47,863,000 111,762,000
Depreciation 88,969,000 118,073,000 105,532,000
Loss on disposal of property, plant and equipment 787,000 417,000 143,000
Impairment loss for non-financial assets 4,334,000 133,864,000 7,559,000
Write-off of unsuccessful exploration efforts 12,262,000 52,652,000 18,290,000
Accrual of borrowing's interests 44,378,000 48,690,000 29,573,000
Borrowings cancellation costs 6,308,000 0 0
Amortization of other long-term liabilities (223,000) (387,000) (429,000)
Unwinding of long-term liabilities 5,079,000 5,894,000 4,560,000
Accrual of share-based payment 6,621,000 8,444,000 2,717,000
Foreign exchange (gain) loss (5,049,000) 3,594,000 5,289,000
Unrealized (gain) loss on commodity risk management contracts (463,000) 12,978,000 26,411,000
Income tax paid (65,273,000) (25,193,000) (88,638,000)
Changes in working capital (9,351,000) (5,240,000) (45,097,000)
Cash flows from operating activities - net 216,777,000 168,699,000 235,429,000
Cash flows from investing activities      
Purchase of property, plant and equipment (129,258,000) (75,298,000) (126,316,000)
Acquisition of business, net of cash acquired 0 (272,335,000) 0
Proceeds from disposal of long-term assets 2,700,000 0 7,066,000
Cash flows used in investing activities - net (126,558,000) (347,633,000) (119,250,000)
Cash flows from financing activities      
Proceeds from borrowings 172,174,000 350,000,000 0
Debt issuance costs paid (2,019,000) (7,507,000) 0
Principal paid (274,934,000) (3,575,000) (9,790,000)
Interest paid (42,592,000) (37,594,000) (29,099,000)
Borrowings cancellation costs paid (12,908,000) 0 0
Lease payments (7,518,000) (9,380,000) (4,855,000)
Repurchase of shares (11,841,000) (4,009,000) (71,272,000)
Cash distribution (7,224,000) (4,859,000) (2,444,000)
Payments for transactions with former non-controlling interest (3,580,000) (11,931,000) (15,000,000)
Cash flows (used in) from financing activities - net (190,442,000) 271,145,000 (132,460,000)
Net increase (decrease) in cash and cash equivalents (100,223,000) 92,211,000 (16,281,000)
Cash and cash equivalents at January 1 201,907,000 111,180,000 127,727,000
Currency translation differences (1,080,000) (1,484,000) (266,000)
Cash and cash equivalents at the end of the year 100,604,000 201,907,000 111,180,000
Ending Cash and cash equivalents are specified as follows:      
Cash in bank and bank deposits 100,587,000 201,884,000 111,159,000
Cash in hand 17,000 23,000 21,000
Cash and cash equivalents $ 100,604,000 $ 201,907,000 $ 111,180,000