XML 76 R59.htm IDEA: XBRL DOCUMENT

Income and expenses (Tables)

12 Months Ended

Dec. 31, 2018

Income and expenses

Sales by segment


		2018		2017		2016
		US$'000		US$'000		US$'000
Electrometallurgy - North America		710,716		541,143		521,192
Electrometallurgy - Europe		1,447,973		1,083,200		949,547
Electrometallurgy - South Africa		208,543		122,504		142,160
Other segments		94,111		60,199		90,337
Eliminations		(187,305)		(65,353)		(127,199)
Total		2,274,038		1,741,693		1,576,037

Sales by geographical area


		2018		2017		2016
		US$'000		US$'000		US$'000
Spain		274,769		253,991		201,403
Germany		359,737		245,152		241,046
Italy		138,796		94,590		90,267
Other EU Countries		487,340		340,877		236,746
USA		674,243		547,309		563,619
Rest of World		339,153		259,774		242,956
Total		2,274,038		1,741,693		1,576,037

Schedule of staff costs


		2018		2017		2016
		US$'000		US$'000		US$'000
Wages, salaries and similar expenses		265,405		222,733		212,098
Pension plan contributions		12,136		13,631		10,647
Employee benefit costs		63,523		65,599		73,654
Total		341,064		301,963		296,399

Schedule of depreciation and amortization charges, operating allowances and write-downs


		2018		2017		2016
		US$'000		US$'000		US$'000
Amortization of intangible assets (Note 8)		9,312		8,440		12,649
Depreciation of property, plant and equipment (Note 9)		109,832		94,051		105,695
Other write-downs and reversals		(7)		2,038		7,333
Total		119,137		104,529		125,677

Schedule of finance income


		2018		2017		2016
		US$'000		US$'000		US$'000
Finance income of related parties (Note 23)		72		224		74
Other finance income		5,302		3,484		1,462
Total		5,374		3,708		1,536

Schedule of finance costs


		2018		2017		2016
		US$'000		US$'000		US$'000
Interest on debt instruments		34,188		28,961		—
Interest on loans and credit facilities		8,249		15,834		18,630
Interest on note and bill discounting		205		7,403		1,503
Interest on interest rate swaps		1,710		2,689		2,525
Interest on finance leases		2,974		2,917		3,186
Trade receivables securitization expense (Note 10)		12,097		7,256		—
Other finance costs		2,599		352		4,407
Total		62,022		65,412		30,251

Schedule of changes in impairment losses


		2018		2017		2016
		US$'000		US$'000		US$'000
Impairment of goodwill (Note 7)		—		30,618		194,612
Impairment of intangible assets (Note 8)		16,073		443		230
Impairment of property, plant and equipment (Note 9)		42,846		(104)		67,624
Impairment of non-current financial assets (Note 10)		—		—		5,623
Impairment losses		58,919		30,957		268,089

(Increase) decrease in fair value of biological assets (Note 28)		7,615		(7,504)		(1,891)
Other (gain) loss		8		—		—
Net (gain) loss due to changes in the value of assets		7,623		(7,504)		(1,891)

Schedule of (loss) gain on disposal of non-current assets


		2018		2017		2016
		US$'000		US$'000		US$'000
Loss on disposal of intangible assets		—		503		—
Gain on disposal of property, plant and equipment		(2,950)		(1,779)		(468)
Loss on disposal of property, plant and equipment		162		3,733		—
(Gain) loss on disposal of other non-current assets		(29)		1,859		128
Gain on disposal of subsidiary		(11,747)		—		—
Total		(14,564)		4,316		(340)