XML 55 R57.htm IDEA: XBRL DOCUMENT v3.20.1
Other liabilities (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of detailed information about business combination [line items]  
Schedule of other liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

2018

 

 

Non-

 

 

 

 

 

Non-

 

 

 

 

 

    

Current

    

Current

    

Total

    

Current

    

Current

    

Total

 

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

Payable to non-current asset suppliers

 

182

 

6,989

 

7,171

 

99

 

11,648

 

11,747

Guarantees and deposits

 

18

 

 —

 

18

 

16

 

 —

 

16

Remuneration payable

 

38

 

33,003

 

33,041

 

55

 

45,705

 

45,760

Tax payables

 

 —

 

22,459

 

22,459

 

 —

 

20,799

 

20,799

Contingent consideration

 

20,338

 

1,626

 

21,964

 

23,119

 

3,103

 

26,222

Other liabilities

 

5,330

 

32,352

 

37,682

 

1,741

 

22,315

 

24,056

Total

 

25,906

 

96,429

 

122,335

 

25,030

 

103,570

 

128,600

 

Schedule of tax payables

 

 

 

 

 

 

 

 

 

 

 

2019

 

2018

 

    

Current

    

Total

    

Current

    

Total

 

 

US$'000

 

US$'000

 

US$'000

 

US$'000

VAT

 

8,234

 

8,234

 

6,491

 

6,491

Accrued social security taxes payable

 

7,781

 

7,781

 

5,001

 

5,001

Personal income tax withholding payable

 

1,351

 

1,351

 

1,436

 

1,436

Other

 

5,093

 

5,093

 

7,871

 

7,871

Total

 

22,459

 

22,459

 

20,799

 

20,799

 

Schedule of share based payment arrangements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Performance Period

 

 

    

 

    

Fair Value at

 

 

 

 

Grant Date

 

(three years ended)

 

Expiration Date

 

Exercise Price

 

Grant Date

 

2019

 

2018

March 13, 2019

 

December 31, 2022

 

March 13, 2029

 

nil

 

$

2.69

 

1,184,441

 

 —

June 14, 2018

 

N/A

 

June 13, 2028

 

nil

 

$

9.34

 

129,930

 

129,930

March 21, 2018

 

December 31, 2021

 

March 20, 2028

 

nil

 

$

22.56

 

287,080

 

287,080

June 20, 2017

 

December 31, 2020

 

June 20, 2027

 

nil

 

$

15.90

 

17,342

 

17,342

June 1, 2017

 

N/A

 

June 1, 2027

 

nil

 

$

10.96

 

19,463

 

19,463

June 1, 2017

 

December 31, 2020

 

June 1, 2027

 

nil

 

$

16.77

 

382,002

 

382,002

November 24, 2016

 

December 31, 2019

 

November 24, 2026

 

nil

 

$

16.66

 

155,595

 

189,225

 

 

 

 

 

 

 

 

 

 

 

2,175,853

 

1,025,042

 

Schedule of summary of options outstanding

 

 

 

 

 

Number of awards

Outstanding as of December 31, 2017

 

757,365

Granted during the period

 

485,860

Expired/forfeited during the period

 

(218,183)

Outstanding as of December 31, 2018

 

1,025,042

Granted during the period

 

1,184,441

Exercised during the period

 

(33,630)

Outstanding as of December 31, 2019

 

2,175,853

 

 

 

Exercisable as of December 31, 2019

 

155,595

 

Schedule of performance condition of share options granted

Vesting Conditions

30% total shareholder return (“TSR”) relative to a comparator group

30% TSR relative to S&P Global 1200 Metals and Mining Index

20% return on invested capital (“ROIC”) relative to a comparator group

20% net operating profit after tax (“NOPAT”) relative to a comparator group

 

Schedule of assumptions used to estimate the fair value of Ferroglobe stock option

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant date

 

 

March 13, 2019

 

March 21, 2018

 

June 20, 2017

 

June 01, 2017

Fair value at grant date

 

$

2.69

 

 

$

22.56

 

 

$

15.90

 

 

$

16.77

 

Grant date share price

 

$

2.44

 

 

$

15.19

 

 

$

10.50

 

 

$

10.96

 

Exercise price

 

 

Nil 

 

 

 

Nil 

 

 

 

Nil 

 

 

 

Nil 

 

Expected volatility

 

 

53.54

%

 

 

49.86

%

 

 

43.15

%

 

 

43.09

%

Option life

 

 

3.00 years

 

 

3.00 years

 

 

3.00 years

 

 

3.00 years

Dividend yield

 

 

 —

%

 

 

 —

%

 

 

 —

%

 

 

 —

%

Risk-free interest rate

 

 

2.40

%

 

 

2.48

%

 

 

1.52

%

 

 

1.44

%

Remaining performance period at grant date

 

 

2.81

 

 

 

2.78

 

 

 

2.53

 

 

 

2.58

 

Company TSR at grant date

 

 

(48.1)

%

 

 

2.1

%

 

 

(0.3)

%

 

 

4.0

%

Median comparator group TSR at grant date

 

 

(4.8)

%

 

 

(6.2)

%

 

 

(7.2)

%

 

 

(3.7)

%

Median index TSR at grant date

 

 

10.9

%

 

 

(8.4)

%

 

 

0.6

%

 

 

4.8

%

 

Globe Specialty Metals, Inc.  
Disclosure of detailed information about business combination [line items]  
Schedule of summary of options outstanding

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-

    

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

 

 

 

 

 

 

Average

 

Contractual

 

Aggregate

 

 

Number of

 

Exercise

 

Term in

 

Intrinsic

 

 

Options

 

Price

 

Years

 

Value

Outstanding as of December 31, 2017

 

523,361

 

$

15.12

 

0.89

 

 

580

Exercised during the period

 

(59,980)

 

 

5.89

 

 

 

 

 

Expired/forfeited during the period

 

(167,990)

 

 

17.99

 

 

 

 

 

Cancelled in lieu of cash settlement

 

(191,761)

 

 

12.54

 

 

 

 

 

Outstanding as of December 31, 2018

 

103,630

 

$

19.40

 

0.44

 

$

1,774

Expired/forfeited during the period

 

(78,630)

 

 

20.25

 

  

 

 

  

Outstanding as of December 31, 2019

 

25,000

 

$

16.7

 

0.16

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

Exercisable as of December 31, 2019

 

25,000

 

$

16.7

 

0.16

 

$

 —