EX-7 3 chnr_ex7.htm COMPUTATION OF RATIOS Computation of Ratios

Exhibit 7


Computation of Ratios for Fiscal Year ended December 31, 2011, 2012 and 2013


 

 

 

 

2011

 

 

2012

 

 

2013

 

 

 

 

 

 

CNY’000

 

 

CNY’000

 

 

CNY’000

 

 

Current assets (a)

 

 

 

255,733

 

 

347,255

 

 

2,997,211

 

 

Current liabilities (b)

 

 

 

585,046

 

 

1,097,879

 

 

2,568,144

 

 

Current ratio (c=a/b)

 

 

 

0.44

 

 

0.32

 

 

1.17

 

 

Working capital (d=a-b)

 

 

 

(329,313

)

 

(750,624

)

 

429,067

 

 

Short-term bank loans and current portion of long-term bank loans (e)

 

 

 

225,000

 

 

443,900

 

 

 

 

Mining rights payable – current (f)

 

 

 

22,612

 

 

25,568

 

 

 

 

Long-term bank loans (g)

 

 

 

523,742

 

 

569,630

 

 

 

 

Mining rights payable – non-current (h)

 

 

 

103,378

 

 

77,810

 

 

 

 

Total interest-bearing debt (i=e+f+g+h)

 

 

 

874,732

 

 

1,116,908

 

 

 

 

Total shareholders’ equity (j)

 

 

 

625,893

 

 

546,875

 

 

255,518

 

 

Total capital (k=i+j)

 

 

 

1,500,625

 

 

1,663,783

 

 

255,518

 

 

Ratio of interest-bearing debt to Total capital (l=i/k)

 

 

 

58.29%

 

 

67.13%