Petra Diamonds Limited
Annual Report and Accounts 2013
134
US$ million
2013
2012
2011
2010
7
2009
Income statement
Revenue
402.7
316.9 220.6 163.7 69.3
Adjusted mining and processing costs
1
(270.3)
(222.6) (146.9)
(98.9)
(64.0)
Profit from mining activity
1
138.6
103.3 76.4 67.2
7.8
Adjusted EBITDA
2
122.4
90.3 67.1 70.9
(8.6)
Adjusted net profit/(loss) after tax
3
48.3
39.6 34.1 69.3 (28.7)
Net profit/(loss) after tax – Group
27.9
(2.1)
59.2 70.2 (89.0)
Balance sheet
Current assets
173.6
151.6 413.6 87.4 44.8
Non-current assets
827.0
839.6 558.0 404.0 197.4
Total assets
1,000.6
991.2 971.6 491.4 242.2
Borrowings (short and long term)
147.0
69.0 90.1 64.5 101.7
Current liabilities
69.5
51.2 47.6 32.5 28.7
Total Equity
587.4
665.0 699.0 290.9 57.3
Movement in cash
Net cash generated from operating activities
73.0
77.2 50.9 48.8
4.6
Adjusted cash generated from/(utilised by) operating activities
4
132.8
84.6 67.8 49.0
(3.8)
Net cash utilised in investing activities
(180.3)
(123.9) (330.7)
(52.6) (113.1)
Net cash generated by/(utilised in) financing activities
94.0
(13.6)
349.8 21.7 95.5
Net (decrease)/increase in cash and cash equivalents
(13.3)
(60.3)
70.0 17.9 (13.0)
Ratios and other key information
Basic earnings/(loss) per share attributable to the equity holders
of the Company – US$ cents
6.30
(0.48)
12.83 22.65 (50.23)
Adjusted basic earnings/(loss) per share attributable to the equity holders
of the Company – US$ cents
5
10.31
7.82 8.41 22.30 (16.60)
Capex
191.2
137.3 110.9 25.5 36.8
Cash at bank
6
26.2
47.3 324.9 34.5 11.1
The Group uses several non-GAAP measures above and as these are non-GAAP measures, they should not be considered as replacements for IFRS measures. The Company’s
definition of these non-GAAP measures may not be comparable to other similarly titled measures reported by other companies.
1. Stated before retrenchment costs, depreciation and share-based expense.
2. Adjusted EBITDA is EBITDA (profit before interest, tax and depreciation) stated before share-based expense, net unrealised foreign exchange losses, retrenchment costs,
non-recurring transaction costs and impairment charges and reversals.
3. Stated before retrenchment costs, impairment charges and reversals, non-recurring transaction costs and net unrealised foreign exchange losses.
4. Adjusted operating cashflow stated before the movement in year end diamond debtors, excluding unrealised foreign exchange translation movements.
5. Stated before retrenchment costs, impairment charges and reversals, non-recurring transaction costs and net unrealised foreign exchange losses.
6. Cash at bank comprises unrestricted cash and restricted cash balances.
7. For the Period 1 July to 16 November 2009, Petra accounted for its interest in Cullinan under the gross method of proportional consolidation, recognising 50% of revenue
and 13% minority interests. With effect from 17 November 2009, the effective date of control for accounting purposes that Petra acquired the remaining 50% interest
in Cullinan Investment Holdings Ltd from Al Rajhi Holdings W.L.L., Petra consolidated 100% of revenue and 26% minority interests in line with IFRS.
Five-year Summary of Consolidated Figures
For the year ended 30 June 2013
1...,126,127,128,129,130,131,132,133,134,135 137,138,139,140,141,142