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Notes to the Consolidated Financial Statements
Segment information
Segment information is provided on the basis of geographic segments as the Group monitors its business according to the geographic locations of its resource properties in Sweden, Finland and Norway. The business segments presented reflect the management structure of the Group and the way in which the Group's management reviews business performance.
Corporate functions and dormant entities are classified together within "Other".
The segment information provided to the Committee for the reportable segments is as follows:
Sweden Finland Norway Other Total -------------------------------------------------- USD'000 USD'000 USD'000 USD'000 USD'000December 31, 2012Statement of comprehensive incomeDepreciation and amortisation (being part of the 'Cost of sales') 4,359 - - - 4,359Depreciation and amortisation (being part of the 'General and administrative charges' 203 102 - 233 538Write-offs 274 583 - 137 994Net income / (loss) (88,422) (10,412) (11,084) 85,112 (24,806) --------------------------------------------------Statement of financial positionExploration and evaluation assets 16,904 63,150 - - 80,054Mines under construction 539,681 - 138,398 - 678,079Property, plant and equipment& intangible assets 229,511 6,659 - 2 236,172Current assets 113,994 1,435 8,487 20,742 144,658Financial assets 48,902 - - 525 49,427 --------------------------------------------------Total assets 948,992 71,244 146,885 21,269 1,188,390 --------------------------------------------------Capital expenditure 518,798 66 119,789 - 638,653 --------------------------------------------------Borrowings 353,727 4,404 - 358,131Finance lease obligations 21,725 - - 21,725Provisions 28,758 - - 28,758Other liabilities 135,065 1,702 16,312 2,181 155,260 --------------------------------------------------Total liabilities 539,275 6,106 16,312 2,181 563,874 -------------------------------------------------- -------------------------------------------------- Sweden Finland Norway Other Total -------------------------------------------------- USD'000 USD'000 USD'000 USD'000 USD'000December 31, 2011Statement of comprehensive incomeDepreciation and amortisation 63 67 - 244 374Write-offs 10,093 439 - - 10,532Net loss (47,338) (6,345) (17) 15,631 (38,069) --------------------------------------------------Statement of financial positionExploration and evaluation assets 13,564 50,601 - - 64,165Mines under construction 225,756 - 11,038 - 236,794Property, plant and equipment& intangible assets 3,377 6,846 - 363 10,586Current assets 57,564 3,608 5,466 12,956 79,594Financial assets 27,632 - - - 27,632 --------------------------------------------------Total assets 327,893 61,055 16,504 13,319 418,771 --------------------------------------------------Capital expenditure 170,165 6,595 11,538 - 188,298 --------------------------------------------------Borrowings - 4,302 - - 4,302Finance lease obligations - - - - -Provisions 327 - - - 327Other liabilities 66,310 4,364 1,655 2,100 74,429 --------------------------------------------------Total liabilities 66,637 8,666 1,655 2,100 79,058 -------------------------------------------------- --------------------------------------------------
