XML 164 R55.htm IDEA: XBRL DOCUMENT v3.21.1
PRINCIPAL SUBSIDIARY INFORMATION (Tables)
12 Months Ended
Dec. 31, 2020
Interests In Other Entities [Abstract]  
Schedule of subsidiaries
Summarized statement of financial position
WassaPrestea
As of December 31,As of December 31,
2020201920202019
Non-controlling interest percentage10 %10 %10 %10 %
Current assets77,835 142,603 — 14,623 
Current liabilities116,469 163,640 — 1,267,815 
(38,634)(21,037)— (1,253,192)
Non-current assets206,950 182,982 — 79,788 
Non-current liabilities46,648 37,327 — 45,871 
160,302 145,655 — 33,917 
Net assets/(liabilities)121,668 124,618 — (1,219,275)
Non-controlling interest19,911 20,275 — (102,788)
Summarized income statement
WassaPrestea
For the Years EndedFor the Periods Ended
December 31, 2020December 31, 2019September 30, 2020December 31, 2019
Revenue297,468 216,678 37,959 66,820 
Net (loss)/income and comprehensive (loss)/income(3,654)46,691 342,238 (152,106)
The net loss for the year ended December 31, 2020 for Wassa includes the write-off of intercompany loan receivables from Prestea of $93.7 million agreed as part of the sale of Prestea. Concurrently, the net income for the period ended September 30, 2020 for Prestea includes the forgiveness of intercompany loans payable to Golden Star and its subsidiaries of $390.6 million agreed as part of the sale of Prestea.
Summarized cash flows
WassaPrestea
For the Years EndedFor the Periods Ended
December 31, 2020December 31, 2019September 30, 2020December 31, 2019
Cash flows provided by/(used in) operating activities132,659 78,809 (17,738)(88,883)
Cash flows used in investing activities(47,258)(49,622)(5,785)(10,685)
Cash flows (used in)/provided by financing activities(55,516)(26,993)23,314 98,994