Kinross gold annual report 2012

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Unformatted text preview: 3.2 2.2 0.8 1,306.9 36.0 56.8 20.4 22.4 34.5 1,136.8 Interest and other fees (a) 862.2 87.4 83.1 71.9 58.1 46.7 515.0 Derivative liabilities - net 8.7 6.8 - 1.9 - - 5,127.0 $ 883.8 $ 213.8 $ 1,164.5 $ 359.8 $ Operating lease obligations Purchase obligations (b) Reclamation and remediation obligations Total $ 60.0 $ 2015 - $ 750.0 14.3 - - 89.0 $ 2,416.1 (a) Debt repayments are based on amounts due pursuant to the terms of the loan agreements, and in the case of the convertible senior notes we have assumed holders will exercise their right to have the Company repurchase these notes in March 2013. Projected interest payments on variable rate debt are based on interest rates in effect on December 31, 2012. (b) Includes both capital and operating commitments, of which $90.3 million relates to commitments for capital expenditures. The Company manages its exposure to fluctuations in input commodity prices, currency exchange rates and interest rates, by entering into derivative financial instruments from time to time, in accordance with the Company's risk management policy. The following table provides a summary of derivative contracts outstanding at December 31, 2012: 2013 Foreign currency Brazilian real forward buy contracts (in millions of U.S. dollars) Average price Chilean peso forward buy contracts (in millions of U.S. dollars) Average price Russian rouble forward buy contracts (in millions of U.S. dollars) Average price Canadian dollar forward buy contracts (in millions of U.S. dollars) Average price Swiss franc forward sell contract (in millions of U.S. dollars) Average price Energy Oil forward buy contracts (barrels) Average price Diesel forward buy contracts (gallons) Average price Gasoil forward buy contracts (tonnes) Average price 2014 2015 Total 383.3 1.99 222.5 2.16 88.0 2.34 693.8 2.09 110.4 514.91 33.0 553.56 - 143.4 523.80 87.0 32.63 48.0 34.69 25.0 36.05 160.0 33.78 129.0 1.02 48.0 1.04 - 177.0 1.02 11.0 0.93 - - 11.0 0.93 290,000 92.52 4,830,000 2.96 40,260 906.30 175,000 88.78 2,520,00...
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This document was uploaded on 03/30/2014.

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