EX-7 3 chnr_ex7.htm COMPUTATION OF RATIOS Computation of Ratios

Exhibit 7


Computation of Ratios for Fiscal Year ended December 31, 2012, 2013 and 2014


 

 

 

 

2012

 

 

2013

 

 

2014

 

 

 

 

 

 

CNY’000

 

 

CNY’000

 

 

CNY’000

 

 

Current assets (a)

 

 

 

347,255

 

 

2,997,211

 

 

62,524

 

 

Current liabilities (b)

 

 

 

1,097,879

 

 

2,568,144

 

 

37,827

 

 

Current ratio (c=a/b)

 

 

 

0.32

 

 

1.17

 

 

1.65

 

 

Working capital (d=a-b)

 

 

 

(750,624

)

 

429,067

 

 

24,697

 

 

Short-term bank loans and current portion of long-term bank loans (e)

 

 

 

443,900

 

 

—

 

 

—

 

 

Mining rights payable – current (f)

 

 

 

25,568

 

 

—

 

 

—

 

 

Long-term bank loans (g)

 

 

 

569,630

 

 

—

 

 

—

 

 

Mining rights payable – non-current (h)

 

 

 

77,810

 

 

—

 

 

—

 

 

Total interest-bearing debt (i=e+f+g+h)

 

 

 

1,116,908

 

 

—

 

 

—

 

 

Total shareholders’ equity (j)

 

 

 

546,875

 

 

255,518

 

 

22,614

 

 

Total capital (k=i+j)

 

 

 

1,663,783

 

 

255,518

 

 

22,614

 

 

Ratio of interest-bearing debt to Total capital (l=i/k)

 

 

 

67.13%

 

 

—

 

 

—