a healthy balance sheet

features
1. $1.2 bn cash
2. bookvalue $1.67
3. mining licenses worth about 17c per share
4. debt $916.9m in total
5. retained earnings of about 15c per share


Pro Forma Balance Sheet for Ozminerals

http://www.ozminerals.com/Media/docs/ASX_08.08.21_Half_Year_Presentation-cd2b129c-44b1-46a1-8bd5-45fc9b6973a9-0.pdf
p29
Current assets
Cash and cash equivalents 1,233.8 <<<< there it is … all that moola!!!
Trade and other receivables 182.4
Inventories 268.5
Current tax receivable 56.0
Prepayments and other assets 27.2
Assets classified as held for sale 144.6
Total current assets 1,912.5
Non-current assets
Available for sale financial assets 35.5
Investments 91.3 <<<<<<<<< probably the investment in Toro
Property, plant and equipment 4,279.0 <<<<<<<< dongas, tyres, trucks
Intangible assets 577.9 <<<<<<<<< probably mining licences…about 17c
Deferred tax assets 312.8
Other assets 45.9
Total non-current assets 5,342.4
Total assets 7,254.9
Current liabilities
Trade and other payables 392.2 <<<<<<< miners wages etc
Interest-bearing liabilities 392.6 <<<<<< debt…
Current tax payable 92.0
Provisions 40.8
Financial liabilities 2.2
Total current liabilities 919.8
Non-current liabilities
Interest-bearing liabilities 524.7 <<<<<< more debt…yikees!!!
Deferred tax liabilities 159.5
Provisions 195.3
Financial liabilities 2.8
Total non-current liabilities 882.3
Total liabilities 1,802.1
Net assets 5,452.8
Equity
Issued capital 5,102.5
Treasury shares (1.9)
Reserves (193.5)
Retained earnings 503.0 <<<<<< now this could be used to pay a divi
Minority interest 42.6
Total equity 5,452.8

No of shares = 3,261,092,506

Bookvalue = $1.67
NTA = $1.49 <<<<<<< well above the share price…$1.07

Current ratio = 2.07 <<<<< anything above 1 i