$000 | | Dec 31, 2017 | | Dec 31, 2016 | | ||
Summarized statement of financial position | | | | | | | |
Current | | | | | | | |
Cash and cash equivalents | | | 3,288 | | | 18,865 | |
Other current assets (excluding cash) | | | 166,278 | | | 179,588 | |
Total current assets | | | 169,566 | | | 198,453 | |
Financial liabilities (excluding trade payables) | | | (8,656) | | | (10,285) | |
Other current liabilities (including trade payables) | | | (105,565) | | | (133,113) | |
Total current liabilities | | | (114,221) | | | (143,398) | |
Non-current | | | | | | | |
Assets | | | 2,833,946 | | | 2,805,020 | |
Financial liabilities | | | (41,210) | | | (46,929) | |
Other liabilities | | | (23,244) | | | (32,259) | |
Total non-current liabilities | | | (64,454) | | | (79,188) | |
Net assets | | | 2,824,837 | | | 2,780,887 | |
$000 | | Dec 31, 2017 | | Dec 31, 2016 | | Dec 31, 2015 | | |||
Summarized statement of comprehensive income | | | | | | | | | | |
Revenue | | | 754,852 | | | 709,372 | | | 747,272 | |
Depreciation and amortization | | | (264,415) | | | (210,925) | | | (192,509) | |
Interest income | | | 4,147 | | | 4,735 | | | 4,818 | |
Interest expense | | | (5,478) | | | (5,298) | | | (5,376) | |
Profit before tax | | | (40,349) | | | 26,728 | | | 155,825 | |
Income tax | | | 54,333 | | | 22,962 | | | (17,840) | |
Post-tax profit | | | 13,984 | | | 49,690 | | | 137,985 | |
Other comprehensive incomegain on available for sale financial asset | | | - | | | - | | | 3,144 | |
$000 | | Dec 31, 2017 | | Dec 31, 2016 | | ||
Reconciliation of the group’s summarized financial information presented to the carrying amount of the group’s interest in the Kibali joint venture | | | | | | | |
Opening net assets January 1 | | | 2,780,887 | | | 2,791,184 | |
Profit for the period | | | 13,984 | | | 49,690 | |
(Loss)/gain on available-for-sale financial asset | | | (34) | | | 13 | |
Other comprehensive income | | | (34) | | | 13 | |
Funds advanced | | | 30,000 | | | - | |
Dividends received | | | - | | | (60,000) | |
Closing net assets | | | 2,824,837 | | | 2,780,887 | |
Interest in joint venture at 50% | | | 1,412,419 | | | 1,390,443 | |
Mineral property at acquisition | | | 23,549 | | | 26,154 | |
Adjustment to reflect attributable interest | | | 8,793 | | | 1,565 | |
Carrying value | | | 1,444,760 | | | 1,418,162 | |