Annual Report 2013

Consolidated Statement of Financial Position

Consolidated Statement of Financial Position as at December 31, 2013
(All amounts in thousands of US dollars)

NOTES 2013 2012
(as restated*)
ASSETS          
Current assets          
Cash and cash equivalents 14 93,298 225,061
Trade and other receivables 15 995,371 914,319
Inventories 16 1,324,475 1,345,929
Prepayments and input VAT 17 136,630 167,918
Prepaid income taxes   11,276 12,447
Other financial assets   155 2,561,205 4,008 2,669,682
 
Non–current assets  
Investments in associates 13 1,900 1,862
Property, plant and equipment 18 3,845,355 3,809,634
Goodwill 19 584,904 591,194
Intangible assets 19 311,428 356,602
Deferred tax asset 10 63,624 60,099
Other non–current assets 20 50,252 4,857,463 114,191 4,933,582
 
TOTAL ASSETS   7,418,668 7,603,264
 
LIABILITIES AND EQUITY  
Current liabilities  
Trade and other payables 21 944,165 855,569
Advances from customers   59,936 189,693
Accounts payable to related parties 29 101,151 87,103
Provisions and accruals 22 51,184 55,520
Interest–bearing loans and borrowings 23 393,941 1,065,044
Finance lease liability 25 3,796 3,198
Derivative financial instruments 32 2,080 10,520
Dividends payable   5,863 303
Income tax payable   8,504 1,570,620 8,281 2,275,231
 
Non–current liabilities  
Interest–bearing loans and borrowings 23 3,248,077 2,767,627
Finance lease liability 25 47,969 49,045
Deferred tax liability 10 297,874 302,314
Provisions and accruals 22 33,327 29,293
Employee benefits liability 26 45,067 53,272
Other liabilities 27 46,115 3,718,429 42,856 3,244,407
Total liabilities   5,289,049 5,519,638
 
Equity 31
Parent shareholders' equity  
Issued capital   326,417 326,417
Treasury shares   (319,149) (319,149)
Additional paid–in capital   391,192 391,192
Reserve capital   16,390 16,390
Retained earnings   1,737,098 1,581,001
Foreign currency translation reserve   (120,467) (9,796)
Other reserves   2,311 2,033,792 (1,297) 1,984,758
Non–controlling interests 28 95,827 98,868
Total equity   2,129,619 2,083,626
 
TOTAL EQUITY AND LIABILITIES   7,418,668 7,603,264
 

* Certain amounts shown here do not correspond to the consolidated financial statements as at December 31, 2012 and reflect changes in accounting policies and adjustments to provisional values of the acquired subsidiary.