An audit also includes evaluating the appropriateness

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Unformatted text preview: aration and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of Kinross Gold Corporation as at December 31, 2012 and December 31, 2011, and its consolidated financial performance and its consolidated cash flows for the years then ended, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Chartered Accountants, Licensed Public Accountants Toronto, Canada February 13, 2013 FS2 KINROSS GOLD 2012 ANNUAL REPORT CONSOLIDATED BALANCE SHEETS (expressed in millions of United States dollars, except share amounts) A s at December 31, 2012 Assets Current assets Cash and cash equivalents Restricted cash Short-term investments Accounts receivable and other assets Inventories Unrealized fair value of derivative assets Note 7 Note 7 Note 7 Note 7 Note 7 Note 11 Non-current assets P roperty, plant and equipment Goodwill L ong-term investments Investment in associate Unrealized fair value of derivative assets Deferred charges and other long-term assets Deferred tax assets Total assets $ Note 7 Note 7 Note 7 Note 10 Note 11 Note 7 Note 18 $ L iabilities Current liabilities Accounts payable and accrued liabilities Current tax payable Current portion of long-term debt Current portion of provisions Current portion of unrealized fair value of derivative liabilities Note 7 $ Note 13 Note 14 Note 11 1,632.9 58.1 349.8 287.3 1,257.7...
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