Turquoise hill resources ltd. (TRQ)
Income statement / Yearly
Dec'17Dec'16Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue

939,780

1,203,282

-

-

-

-

-

-

Cost of sales

763,798

861,757

-

-

-

-

-

-

Gross margin

175,982

341,525

-

-

-

-

-

-

Operating expenses

201,461

307,719

-

-

-

-

-

-

Corporate administration expenses

21,999

23,606

-

-

-

-

-

-

Other income

1,465

10,765

-

-

-

-

-

-

Income (loss) before finance items and taxes

-46,013

20,965

-

-

-

-

-

-

Finance items
Finance income

156,278

91,234

-

-

-

-

-

-

Finance costs

153,350

115,868

-

-

-

-

-

-

Finance income (cost)

2,928

-24,634

-

-

-

-

-

-

Income (loss) from operations before taxes

-43,085

-3,669

-

-

-

-

-

-

Income and other taxes

-154,013

-110,291

-

-

-

-

-

-

REVENUE (Note 17)

-

-

1,644,133

51,520

78,062

130,755

79,777

36,038

Production and delivery

-

-

-

-

-

-

66,738

23,611

Depreciation and depletion

-

-

-

-

-

-

13,306

5,814

Write-down of carrying value of inventory

-

-

-

-

-

-

14,729

-

COST OF SALES (Note 18)

-

-

1,272,069

49,185

155,448

144,486

94,773

29,425

Other operating expenses (Note 19)

-

-

241,087

212,822

141,034

53,685

-

-

General and administrative

-

-

25,323

61,288

154,486

100,805

84,427

45,750

Exploration and evaluation

-

-

9,680

26,323

66,081

62,446

218,626

177,062

Depreciation

-

-

8,911

2,661

405

1,164

2,096

4,326

Accretion of asset retirement obligations

-

-

6,949

5,664

2,735

694

199

141

Gain on sale of other mineral property rights

-

-

15,065

-

-

-

-

-

Write-down of accounts receivable and other current assets

-

-

-

-

0

-

-

-

Write-down of carrying value of materials and supplies inventory

-

-

16,536

14,839

0

-

-

-

Gain on sale of other mineral property rights

-

-

-

-

-

-

-

3,000

Write-down of carrying value of property, plant and equipment

-

-

8,170

-

15,245

-

2,338

1,243

Write-down of current assets

-

-

-

-

-

4,288

0

-

TOTAL EXPENSES

-

-

1,573,660

372,782

535,434

367,568

402,459

254,947

OPERATING INCOME (LOSS)

-

-

70,473

-321,262

-457,372

-236,813

-322,682

-218,909

Interest income

-

-

4,982

14,731

15,804

14,442

16,567

3,587

Interest expense

-

-

7,729

42,092

11,943

11,013

32,827

21,601

Financing costs

-

-

-

-

164,384

-

-

-

Accretion of convertible credit facilities (Note 15)

-

-

-

-

-

-

11,709

14,345

Foreign exchange gains (losses)

-

-

6,861

-3,952

6,648

-15,984

8,700

34,070

Unrealized (losses) gains on long-term investments (Note 9 (d))

-

-

-

-

-

-

360

1,099

Unrealized gains on other long-term investments

-

-

-

-

-

-

4,508

438

Realized gain on redemption of other long-term investments (Note 10 (a))

-

-

-

-

-

-

151

1,458

Change in fair value of derivatives (Note 14 (d))

-

-

-32,970

87,722

194,664

-432,536

135,680

-

Change in fair value of embedded derivatives (Note 10)

-

-

-

-

39,512

106,489

100,637

-44,980

Loss on conversion of convertible credit facility (Note 15 (a))

-

-

-

-

-

-

-154,316

-

Transaction costs on issuance of convertible debenture (Note 15 (b))

-

-

-

-

-

-

-

9,399

Write-down of carrying value of long-term investments (Note 9)

-

-

-

-

-

-

485

-

Gain on sale of long-term investment (Note 9 (e))

-

-

-

-

-

-

0

-

Gain on settlement of note receivable (Note 8)

-

-

-

-

-

102,995

0

-

Gain on sale of long-term investment

-

-

-

-

-

-

-

1,424

Other income (Note 20)

-

-

2,572

232,535

-21,412

10,592

-

-2,470

INCOME (LOSS) BEFORE INCOME TAXES AND OTHER ITEMS

-

-

44,189

-32,318

-398,483

-461,828

-255,416

-269,628

Provision for income and other taxes

-

-

51,001

41,346

12,899

11,657

-13,118

-13,465

Share of loss of significantly influenced investees

-

-

-

-3,029

-33,233

-23,071

-42,718

-45,898

LOSS FROM CONTINUING OPERATIONS

-

-

-6,812

-76,693

-444,615

-496,556

-285,016

-302,061

LOSS FROM DISCONTINUED OPERATIONS (Note 3)

-

-

-191,407

-370,967

-113,618

-137,750

6,585

-3,645

Income for the year

110,928

106,622

-198,219

-447,660

-558,233

-634,306

-278,431

-305,706

Attributable to owners of Turquoise Hill Resources Ltd.

181,247

210,605

-

-

-

-

-

-

Attributable to owners of non-controlling interests

-70,319

-103,983

-

-

-

-

-

-

Income for the year

110,928

106,622

-

-

-

-

-

-

Basic and diluted earnings per share attributable to Turquoise Hill Resources Ltd.

0.09

0.10

-

-

-

-

-

-

Basic weighted average number of shares outstanding (000's)

2,012,314

2,012,314

-

-

-

-

-

-

NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (Note 16)

-

-

229,987

335,624

146,162

46,581

-66,952

-25,535

NET INCOME (LOSS) ATTRIBUTABLE TO TURQUOISE HILL RESOURCES LTD.

-

-

31,768

-112,036

-412,071

-587,725

-211,479

-280,171

CONTINUING OPERATIONS

-

-

141,020

97,694

-345,369

-495,585

-

-

DISCONTINUED OPERATIONS

-

-

-109,252

-209,730

-66,702

-92,140

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO TURQUOISE HILL RESOURCES LTD.

-

-

31,768

-112,036

-412,071

-587,725

-211,479

-280,171

CONTINUING OPERATIONS

-

-

0.07

0.07

-0.31

-0.66

-0.43

-0.68

DISCONTINUED OPERATIONS

-

-

-0.05

-0.16

-0.06

-0.12

0.01

-0.01

Total

-

-

0.02

-0.09

-0.37

-0.78

-

-

BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING (000's) (Note 2 (o))

-

-

1,976,438

1,297,660

-

-

-

-

DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING (000's) (Note 2 (o))

-

-

1,976,550

1,297,660

-

-

-

-

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING (000's) (Note 2 (p))

-

-

-

-

1,101,547

749,371

-

-

BASIC AND DILUTED (LOSS) EARNINGS PER SHARE

-

-

-

-

-

-

-0.42

-0.69