MINEROS S.A.
CONDENSED INTERIM
CONSOLIDATED FINANCIAL
STATEMENTS
For the three and six-months ended June 30,
2022, and 2021 and December 31, 2021
(Thousands of United States Dollars)
General Notes
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME | |
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 6 |
THOUSANDS OF UNITED STATES DOLLARS | 6 |
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | 7 |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS | 8 |
NOTE 1. CORPORATE INFORMATION | 9 |
NOTE 2. STATEMENT OF COMPLIANCE | 10 |
NOTE 3. BASIS OF PRESENTATION | 10 |
NOTE 4. RECENT ACCOUNTING PRONOUNCEMENTS | 11 |
NOTE 5. FINANCIAL INSTRUMENTS | 12 |
NOTE 6. IMPAIRMENT | 15 |
NOTE 7. SEGMENTS | 16 |
NOTE 8. REVENUE | 18 |
NOTE 9. COST OF SALES | 19 |
NOTE 10. OTHER EXPENSES | 19 |
NOTE 11. EXPLORATION EXPENSES | 19 |
NOTE 12. EARNINGS PER SHARE | 20 |
NOTE 13. CASH AND CASH EQUIVALENTS | 22 |
NOTE 14. TRADE AND OTHER RECEIVABLES | 22 |
NOTE 15. INVENTORIES | 23 |
NOTE 16. TAXES | 23 |
NOTE 17. PROPERTY PLANT AND EQUIPMENT, NET | 27 |
NOTE 18. LOANS AND OTHER BORROWINGS | 28 |
NOTE 19. PROVISIONS | 29 |
NOTE 20. OTHER ACCUMULATED COMPREHENSIVE INCOME | 30 |
NOTE 21. TRANSACTIONS AND BALANCES WITH RELATED PARTIES | 31 |
NOTE 22. COMMITMENTS | 31 |
NOTE 23. SUBSEQUENT EVENTS | 32 |
NOTE 24. APPROVAL OF FINANCIAL STATEMENTS | 32 |
2
MINEROS S.A.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR THE THREE AND SIX-MONTHS ENDED JUNE 30, 2022 AND 2021 (Unaudited)
THOUSANDS OF UNITED STATES DOLLARS
Three months ending June | Six months ending June 30 | |||||||||
30 | ||||||||||
Note | 2022 | 2021 | 2022 | 2021 | ||||||
Revenue | 8 | 137,286 | 128,449 | 261,936 | 253,841 | |||||
Costs of sales | 9 | (99,487) | (92,577) | (191,492) | (180,909) | |||||
GROSS PROFIT | 37,799 | 35,872 | 70,444 | 72,932 | ||||||
Administrative expenses | (5,976) | (5,429) | (11,413) | (10,037) | ||||||
Other income | (46) | 1,112 | 702 | 1,659 | ||||||
Other expenses | 10 | (1,949) | (4,740) | (4,153) | (8,981) | |||||
Exploration expenses | 11 | (3,611) | (1,378) | (6,296) | (2,518) | |||||
Finance income | 244 | 437 | 612 | 823 | ||||||
Finance expense | (2,745) | (2,426) | (5,063) | (4,540) | ||||||
Foreign exchange differences | 3,387 | (1,275) | 683 | (2,287) | ||||||
PROFIT FOR THE PERIOD BEFORE | 27,103 | 22,173 | 45,516 | 47,051 | ||||||
TAX | ||||||||||
Current tax | 16 | (11,042) | (7,433) | (20,289) | (16,700) | |||||
Deferred tax | 16 | (4,662) | (4,332) | (3,356) | (6,174) | |||||
NET PROFIT FOR THE PERIOD | 11,399 | 10,408 | 21,871 | 24,177 | ||||||
Attributable to: | ||||||||||
Controlling interest | 11,399 | 10,355 | 21,871 | 24,061 | ||||||
Non-controlling interests | - | 53 | - | 116 | ||||||
NET PROFIT FOR THE PERIOD | 11,399 | 10,408 | 21,871 | 24,177 | ||||||
Basic and diluted earnings | 12 | 0.04 | 0.04 | 0.07 | 0.09 | |||||
(Signed)" Andrés Restrepo Isaza" | (Signed)"Miguel Angél Hinestroza Hoyos" | |||||||||
ANDRÉS RESTREPO ISAZA | MIGUEL ÁNGEL HINESTROZA HOYOS | |||||||||
PRESIDENT AND CEO | ACCOUNTANT | |||||||||
T.P.74290-T |
3
MINEROS S.A.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME
FOR THE THREE AND SIX-MONTHS ENDED JUNE 30, 2022 AND 2021 (Unaudited)
THOUSANDS OF UNITED STATES DOLLARS
NET PROFIT FOR THE PERIOD
Other comprehensive income, net of taxes
Items that will not be reclassified to results for the period:
Remeasurement of defined benefit plans Revaluation of property, plant and equipment
Items that will be reclassified to results for the period:
Cash flows hedges
Foreign exchange differences on translation of foreign operations
Foreign exchange differences on translation of foreign operations non-controlling interests
Other comprehensive income, net of taxes
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD
Total comprehensive income attributable to:
Controlling interest
Non-controlling interests
Three months ending June 30 | Six months ending June 30 | |||||
2022 | 2021 | 2022 | 2021 | |||
11,399 | 10,408 | 21,871 | 24,177 |
- | 4 | - | 4 | |||
34 | (39) | 67 | 187 | |||
34 | (35) | 67 | 191 |
3,076 | (2,169) | 1,056 | 2,281 | |||
(740) | (1,519) | (262) | 367 | |||
2,336 | (3,688) | 794 | 2,648 | |||
- | 184 | - | 24 | |||
2,370 | (3,539) | 861 | 2,863 | |||
13,769 | 6,869 | 22,732 | 27,040 | |||
13,769 | 6,632 | 22,732 | 26,900 | |||
- | 237 | - | 140 |
13,769 | 6,869 | 22,732 | 27,040 |
(Signed)" Andrés Restrepo Isaza" | (Signed)"Miguel Angél Hinestroza Hoyos" |
ANDRÉS RESTREPO ISAZA | MIGUEL ÁNGEL HINESTROZA HOYOS |
PRESIDENT AND CEO | ACCOUNTANT |
T.P.74290-T |
4
MINEROS S.A.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF JUNE 30, 2022, AND DECEMBER 31, 2021 (Unaudited)
THOUSANDS OF UNITED STATES DOLLARS
Notes | 30/06/2022 | 31/12/2021 | ||
ASSETS | ||||
Current assets | ||||
Cash and cash equivalents | 13 | 38,805 | 63,130 | |
Trade and other receivables | 14 | 31,311 | 14,348 | |
Inventories | 15 | 71,656 | 60,543 | |
Derivative financial instruments | 5 | 1,593 | 1,792 | |
Investments | 957 | 98 | ||
Income tax receivables | 16 | 13,383 | 4,045 | |
Other tax receivables | 16 | 23,545 | 20,210 | |
Other assets | 7,807 | 10,571 | ||
Current assets | 189,057 | 174,737 | ||
Non-current assets | ||||
Trade and other receivables | 14 | 1,729 | 1,843 | |
Inventories | 15 | 27,144 | 24,405 | |
Investments | 8,944 | 9,340 | ||
Other tax receivables | 16 | 330 | 333 | |
Deferred tax assets | 16 | 1,284 | 4,528 | |
Investment property | 2,219 | 2,219 | ||
Exploration and evaluation projects | 61,267 | 60,884 | ||
Intangible assets, net | 44,552 | 44,339 | ||
Investment in associates | 5,287 | 5,287 | ||
Property, plant and equipment, net | 17 | 261,664 | 252,131 | |
Total non-current assets | 414,420 | 405,309 | ||
TOTAL ASSETS | 603,477 | 580,046 |
(Signed)" Andrés Restrepo Isaza" | (Signed)"Miguel Angél Hinestroza Hoyos" |
ANDRÉS RESTREPO ISAZA | MIGUEL ÁNGEL HINESTROZA HOYOS |
PRESIDENT AND CEO | ACCOUNTANT |
T.P.74290-T |
5
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Mineros SA published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 22:46:05 UTC.