85
CONSOLIDATED FINANCIAL STATEMENTS
DRIVING GROWTH FROM WITHIN
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013
(All amounts in US$‘000’s unless otherwise stated)
7. Mineral Properties, Plant and Equipment
Mineral
Mineral
Land,
Properties
Properties
Buildings
Equipment
Non-
Depletable Machinery
and
Furniture
under
Capital
Depletable (Caylloma,
and Leasehold
and Other
Transport
Finance
Work in
(Tlacolula)
San Jose)
Equipment Improvements
Equipment
Units
Lease
Progress
Total
Year ended December 31, 2014
Opening carrying amount,
January 1, 2014
$ 1,277 $ 127,141
$ 14,301
$ 55,574
$ 5,215
$ 197
$ 1,406
$ 11,850 $ 216,961
Additions
71
21,016
1,297
228
1,147
60
–
16,516
40,335
Disposals
–
–
(69)
(28)
(1)
(7)
(28)
–
(133)
Depletion and depreciation
–
(13,395)
(2,602)
(5,619)
(883)
(99)
(502)
–
(23,100)
Reclassification
–
4,633
418
17,531
2,533
–
–
(25,115)
–
Adjustment on currency translation
–
(204)
–
(8)
(2)
–
–
–
(214)
Closing carrying amount,
December 31, 2014
$ 1,348 $ 139,191
$ 13,345
$ 67,678 $ 8,009
$ 151
$ 876
$ 3,251 $ 233,849
As at December 31, 2014
Cost
$ 1,348 $ 196,093
$ 25,768
$ 85,947
$ 11,220
$ 627
$ 3,991
$ 3,251 $ 328,245
Accumulated depletion
and depreciation
–
(56,902)
(12,423)
(18,269)
(3,211)
(476)
(3,115)
–
(94,396)
Closing carrying amount,
December 31, 2014
$ 1,348 $ 139,191
$ 13,345
$ 67,678
$ 8,009
$ 151
$ 876
$ 3,251 $ 233,849
As at December 31, 2014, the non-depletable mineral property includes the Tlacolula property (2013: Tlacolula and San
Luisito properties).
Mineral
Properties
Mineral
Land,
Non-
Properties
Buildings
Equipment
Depletable
Depletable Machinery
and
Furniture
under
Capital
(Tlacolula,
(Caylloma,
and Leasehold
and Other
Transport
Finance
Work in
San Luisito)
San Jose)
Equipment Improvements
Equipment
Units
Lease
Progress
Total
Year ended December 31, 2013
Opening carrying amount,
January 1, 2013
$ 960 $ 124,173
$ 19,047
$ 35,796
$ 3,984
$ 186
$ 2,468 $ 20,889 $ 207,503
Additions
887
31,430
(242)
1,236
1,192
102
–
25,858
60,463
Disposals
–
–
(20)
(2)
(53)
–
–
–
(75)
Write–off of mineral properties
(570)
–
–
–
–
–
–
–
(570)
Depletion and depreciation
–
(11,158)
(2,825)
(4,454)
(871)
(90)
(733)
–
(20,131)
Impairment charge
–
(16,868)
(2,264)
(8,180)
(2,358)
(1)
(329)
–
(30,000)
Reclassification
–
(217)
605
31,186
3,323
–
–
(34,897)
–
Adjustment on
currency translation
–
(219)
–
(8)
(2)
–
–
–
(229)
Closing carrying amount,
December 31, 2013
$ 1,277 $ 127,141
$ 14,301
$ 55,574
$ 5,215
$ 197
$ 1,406
$ 11,850 $ 216,961
As at December 31, 2013
Cost
$ 1,277 $ 170,934
$ 25,167
$ 68,234 $ 7,685
$ 574
$ 4,795
$ 11,850 $ 290,516
Accumulated depletion
and depreciation
–
(43,793)
(10,866)
(12,660)
(2,470)
(377)
(3,389)
–
(73,555)
Closing carrying amount,
December 31, 2013
$ 1,277 $ 127,141
$ 14,301
$ 55,574
$ 5,215
$ 197
$ 1,406
$ 11,850 $ 216,961
