e Demonstraes Financeiras
31 de Dezembro de 2013
expressas em USDlares
Auditors Report and Financial
Statement for the year ended
31st December 2013
Aos scios da
Sociedade Mineira de Catoca, Lda
Relatrio do Auditor Independente
Auditmos as demonstraes financeiras anexas da Sociedade Mineira de Catoca, Lda. que
compreendem o balano em 31 de Dezembro de 2013, que evidencia um total de 360.863 milhares de Dlares
dos Estados Unidos da Amrica (USD) e um total de capital prprio de 158.793 milhares de USD, o qual inclui
um resultado lquido do exerccio no montante de 100.004 milhares de USD, a demonstrao de resultados e a
demonstrao dos fluxos de caixa relativas ao exerccio findo naquela data, bem como um resumo das polticas
contabilsticas significativas e outra informao explicativa.
Responsabilidade da Gerncia pelas Demonstraes Financeiras
A Gerncia responsvel pela preparao e apresentao apropriadas destas demonstraes financeiras de acordo
com os princpios e prticas contabilsticas geralmente aceites em Angola e pelo controlo interno que determine
ser necessrio para possibilitar a preparao de demonstraes financeiras isentas de distoro material devido a
fraude ou a erro.
Responsabilidade do Auditor
A nossa responsabilidade consiste em expressar uma opinio sobre estas demonstraes financeiras, com base na
nossa auditoria, que foi conduzida de acordo com as Normas Internacionais de Auditoria. Estas Normas exigem
que cumpramos com requisitos ticos e que planeemos e executemos a auditoria para obter garantia razovel sobre
se as demonstraes financeiras esto isentas de distoro material.
Uma auditoria envolve executar procedimentos para obter prova de auditoria acerca das quantias e divulgaes
constantes das demonstraes financeiras. Os procedimentos seleccionados dependem do julgamento do auditor,
incluindo a avaliao dos riscos de distoro material das demonstraes financeiras devido a fraude ou a erro.
Ao efectuar essas avaliaes do risco, o auditor considera o controlo interno relevante para a preparao e
apresentao apropriada das demonstraes financeiras pela entidade a fim de conceber procedimentos de auditoria
que sejam apropriados nas circunstncias, mas nao com a finalidade de expressar uma opinio sobre a
eficcia do controlo interno da entidade. Uma auditoria inclui tambm a avaliao da adequao das polticas
contabilsticas usadas e a razoabilidade das estimativas contabilsticas efectuadas pelo Conselho de Gerncia,
bem como a avaliao da apresentao global das demonstraes financeiras.
Estamos convictos que a prova de auditoria que obtivemos suficiente e apropriada para proporcionar uma base
para a nossa opinio de auditoria.
Opinio
Em nossa opinio, as referidas demonstraes financeiras apresentam de forma apropriada, em todos os aspectos
materiais, a posio financeira da Sociedade Mineira de Catoca, Lda. em 31 de Dezembro de 2013 e o seu desempenho
financeiro e os fluxos de caixa no exerccio findo naquela data de acordo com os princpios e prticas contabilsticas
geralmente aceites em Angola.
Por PricewaterhouseCoopers (Angola), Lda
Ricardo Santos
Partner
Luanda, 31 de Maro de 2014
As notas que se seguem respeitam a numerao sequncial definida no Plano Geral de Contabilidade.
As notas no mencionadas no so aplicveis Empresa ou a sua apresentao no relevante.
(i) Meios Fixos - So valorizados ao custo histrico de aquisio, que inclui o seguro e frete
at mina, acrescido das despesas alfandegrias. Os bens e equipamentos em curso so
reconhecidos como activos da companhia a partir do momento em que os riscos e a
propriedade desses bens so transferidos do fornecedor para a Empresa.
1. Actividade
A Sociedade Mineira de Catoca Lda. teve como base o Contrato de Constituio de empresa mista,
celebrado em 26 de Outubro de 1992, tendo sido constituda por escritura pblica de 16 de Setembro de
1993, com o objecto social principal de prospeco, pesquisa, reconhecimento, explorao, tratamento e
comercializao de diamantes e outros minrios.
A empresa centraliza os seus servios administrativos na rea de explorao do Catoca, provncia da
Lunda Sul, financeiro e Logstica em Luanda e mantm escritrios de apoio em Luanda e Moscovo.
A empresa apresentou no decorrer do exerccio findo em 31 de Dezembro de 2013 um lucro lquido no
montante de USD 100,004 milhares (2012- USD 131,731 milhares) representando uma reduo de 24%,
apesar de uma recuperao verificada no preo internacional do diamante, ficando em mdia 4% acima
do verificado em 2012 e registando-se tambm uma queda de 2% das quantidades vendidas em relao
ao mesmo perodo, de diamantes oriundos de Catoca. Esses indicadores possibilitaram os investimentos
em meios fixos e infra-estruturas no montante de USD 77,608 milhares (2012- USD 108,816 milhares) e a
distribuio de recursos sociais sob a forma de salrios e outros beneficios laborais, como alimentao e
transporte no montante de USD 129,156 milhares (2012 - USD 120,132 milhares) e impostos e
contribuies pagas ao Estado no valor de USD 119,719 milhares (2012- USD167,538 milhares).
2. Base de apresentao das demonstraes financeiras
A empresa prepara em cada ano as suas demonstraes financeiras de acordo com a legislao vigente
em Angola, na moeda local, o Kwanza e em US Dlares.
(iv) Contas de Terceiros - Os registos das dvidas de e a terceiros so contabilizados pelo seu
valor histrico verificado na data das transaces, pagamentos e recebimentos. Os saldos das
contas de terceiros tituladas em moeda diferente da moeda de relato, so actualizados
mensalmente, ao cmbio oficial divulgado pelo Banco Nacional de Angola. Tais diferenas
so contabilizadas como perdas ou ganhos cambiais e so divulgadas na Nota 31. O cmbio
em vigor em 31 de Dezembro de 2013 correspondia a Kz 97,38 por USD 1 (31 de Dezembro
de 2012- Kz 95,59 por USD). Todos os investimentos nas novas areas de concesso incorridos
por conta e risco de Catoca so avaliados quanto sua imparidade no final de cada exerccio e,
se necessria, consttuida uma proviso para cobrir os riscos da no recuperabilidade desses
investimentos. Quando existirem indicadores que mostram de forma inequvoca a viabilidade
da Mina, a proviso para imparidade ser anulada e os investimentos sero recuperados da
nova entidade responsvel pela explorao da mina, antes que esta comece a distribuir
dividendos.
(a) A contabilidade efectuada e mantida paralelamente nas duas moedas, a moeda funcional
(US Dlar- USD) e a moeda local (Kwanza- Kz), tendo sido considerados os factores enumerados na
lAS 21, na determinao da moeda em que o negcio conduzido.
(b) O princpio do custo histrico utilizado para a contabilidade efectuada em US Dlares, segundo o
qual os activos so registados pela quantia de dinheiro e seus equivalentes, paga ou a pagar para os
adquirir, no momento da sua aquisio. Os passivos so registados pela quantia dos produtos recebidos
em troca da obrigao ou, em algumas circunstncias, pelas quantias em dinheiro que se espera sejam
pagas para satisfazer o passivo no decurso normal do negcio.
(viii) lmposto sobre lucros - calculado razo de 25% dos Resultados antes de Impostos,
ajustado por Prejuzos acumulados dos ltimos 5 anos, se os houver, como preconizado pelo
regime de impostos sobre lucros regulado atravs da Lei 31/11, de 23 de Setembro e pela Lei
No. 5/99 de 6 de Agosto, que aprova as alteraes ao Cdigo do lmposto Industrial.
NOTAS AO BALANO
4. Imobilizado corpreo
4.1 Composio
(c) Os abates realizados nas imobilizaes firmes em 2013, foram de camies, mquinas e
equipamentos, ferramentas, aparelhos e outros bens com vida til vencida e sem condies de
uso, no tendo nenhum destaque.
(d) As principais transferncias das imobilizaes em curso para firme no exerccio de 2013
foram as seguintes: grandes reparaes de escavadeiras Liebherr (USD 8,613 milhares),
construo de alojamento (USD 2,632 milhares), construo da estao de tratamento de
leo (USD 4,576 milhares), construo e montagem do novo armazem central (USD 2,576
milhares), construo e montagem da estao de tratamento de guas residuais (USD 1,951
milhares), construo da cozinha e refeitrio (USD 1,519 milhares), construo da central de
gerao de energia (USD 1,161 milhares), obras de pavimentao da Vila de Catoca (USD 1,057
milhares), estao de bombeamento de guas da mina (USD 959 milhares), construo do
edifcio da geologia (USD 932 milhares).
(a) Valor destinado a capital, realizado com a abertura das contas bancrias para a constituio das
sociedades do Lapi e Luemba.
5. Imobilizado Incorpreo
8. Existncias
5.1 Composio
8.1 Composio
9. Contas a receber
9.1 Composio
Referem-se aos saldos de caixa e bancos, compostos por USD 7,699 milhares (2012 - USD 41,989 milhares)
e USD 2,939 milhares (2012 - USD 4,285 milhares) relativos a valores detidos em Kwanzas, Rands e em
outras moedas de menor relevncia.
11 Outros activos correntes
11.1 Composio
12. Capital
12.1 Composio e movimento no perodo
Adicionalmente, nas restantes novas concesses, foram capitalizados custos incorridos no montante de
USD 13,632 milhares (2012 - USD 1,909 milhares).
12.2 Capital
(a) Esta reserva foi constituda ao abrigo do art 191 do Cdigo Comercial e s pode ser usada para
aumentar o capital ou cobrir prejuzos depois de todas as restantes reservas se terem esgotado
(b) Constituda pela Reserva para indemnizao por despedimento no total de USD 6.693 milhares,
com o objectivo de salvaguardar os direitos dos trabalhadores, previstos na Lei Geral do Trabalho e a
Reserva para Investimentos no total de USD 6.000 milhares.
14. Resultados transitados
14.1 Composio
Os emprstimos so representados por (i) juros calculados taxa LIBOR + 1% ao ano, capitalizados sobre
o Prmio de emisso de quotas pagos pelo scio LL International B.V. (ex. Daumonty Financing Company
B.V)., no montante de USD 3,223 milhares, (ii) a proporo de mdio e Iongo prazo dos emprstimos
contrados junto aos seguintes bancos: Banco Totta de Angola, Banco Sol e Banco lnternacional de
Crdito, no valor total de USD 68,007 milhares e, (iii) a proporo de curto prazo desses mesmos
emprstimos, no valor de USD 7,477 milhares, com taxas que variam entre 5,6% a 7,5% ao ano.
18. Provises para outros riscos e encargos
18.1 Movimentos ocorridos durante o exerccio
(a) Aplicao de Resultados
(a) Refere-se proviso para indemnizao por reforma (Art. 262 da LGT).
10
19.1 Composio
22. Vendas
22.1 Composio das vendas por mercados
21.1 Composio
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29. Amortizaes
(a) Inclui USD 55 milhares referente aos juros do emprstimo da LL International Holding B.V.
respeitantes ao exerccio de 2013 (ver nota 15.2); e juros bancrios no valor de USD 3,378 milhares.
33. Resultados no operacionais
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(a) proviso para Indemnizao por Reforma (Artigo 262 Lei Geral do Trabalho) e multas e
penalidades contratuais
(i) Garantias concedidas em equipamentos, adquiridos atravs de emprstimos bancrios, no valor total
de USD 40,729 milhares e plano habitacional para os trabalhadores, no valor total de USD 2,902 milhares.
(ii) Garantias concedidas em equipamentos, adquiridos atravs de emprstimos bancrios.
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To the Quotaholders of
Sociedade Mineira de Catoca, Lda
Independent auditors Report
We have audited the accompanying financial statements of Sociedade Mineira de Catoca, Lda at 31 December
2013. These financial statements comprise the balance sheet with a total assets of 360.863 million of United States
Dollars (USD) and a net equity of USD 158.793 million including a profit for the period of USD 100.004 million,
the profit and loss account and a statement of cash flows for the year then ended, and a summary of significant
accounting policies and other explanatory notes.
Directors responsibility for the financial statements
The directors are responsible for the preparation and fair presentation of these financial statements in accordance
with accounting principles generally accepted in Angola and for such internal control, as the directors determine
necessary to enable the preparation of financial statements that are free from material misstatements, whether due
to fraud or error.
Auditors responsibility
Our responsibility is to express an opinion on the financial statements based on our audit.
We conducted our audit in accordance with International Standards on Auditing. Those standards require that we
comply with ethical requirements and plan and perform our audit to obtain reasonable assurance that the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors judgement, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entitys preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entitys internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made
by the directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Opinion
In our opinion the accompanying financial statements give a true and fair view of the state of the entitys financial affairs
at 31 December 2013 and of its profit and cash flows for the year then ended in accordance with accounting principles
generally accepted in Angola.
For PricewaterhouseCoopers (Angola), Lda
Ricardo Santos
Partner
Luanda,
31 March 2014
(c) The valuation and measurement criteria used for assets and liabilities is as follows:
The notes to the financial statements are disclosed in a numerical sequence as established by the General
Charter of Accounts. The notes omitted, were either not applicable to the company, or not relevant for
disclosure. All amounts are in USD thousand.
(i) Fixed Assets - are recorded at their historical cost of acquisition in US Dollars, including any
applicable insurance and freight charges. Items are recognized as fixed assets when the related
risks and ownership are transferred from the supplier to the company
1. Introduction
(ii) Pre-operating expenses - all expenses incurred during the installation and development
stages of the company, or later expansion of the company are recorded in this account and are
amortized as intangible fixed assets from the time production begins.
(iii) Stocks - raw materials, parts, accessories and foodstuffs are recorded at invoice price which
includes insurance and freight charges. Diamond stocks at 31st December 2013 have been
valued at the monthly cost of production, specific to each batch.
(iv) Debtors and creditors - the movements in these accounts are converted at the exchange
rate on the date of the transaction and payments or receipts are recorded using the exchange
rate prevailing on the date of payment or receipt. The foreign currency balances in these
accounts are updated monthly using the official exchange rate. Any differences arising from the
use of these different exchange rates are accounted for as gains or losses and disclosed in Note 31.
Investments in new concessions are evaluated at the end of each accounting period to
determine whether any provision for impairment is required to cover the risks of non
recoverability of such investments. Once there is unequivocal evidence of economic and
technical feasibility, any impairment provision is reversed. The Companys investment is then
repaid by the Association responsible for the mine before it declares any dividends.
(v) Cash and cash equivalents - cash and cash equivalents in currency other than the functional
currency are translated using the official year-end exchange rate. Increases and decreases in
these funds are recorded using the exchange rate prevailing on the date of the transaction.
(vi) Sales - product sales are recognized when risk and reward are transferred to the customer.
Sales occur generally only once a month due to the nature of the product and are valued based
on the amounts presented on the invoice, which corresponds to the price negotiated with the
buyer by means of an independent evaluation carried out by an expert contracted by the seller
and the buyer.
(vii) Depreciation - the Company follows the industry practice of depreciating its fixed assets
according to fiscal criteria and the related rates of depreciation properly reflect the estimated
useful life of each asset. During the start-up stage, depreciation is charged to intangible assets
and is recoverable in future years.
(viii) Income tax- this is calculated at 25% of the profit before tax adjusted for any losses in
the past five ears in accordance with the law 31/11 of 23rd September and by the law 5/99
dated 6th August that regulates the changes on the Industrial Tax Act.
Sociedade Mineira de Catoca, Lda. (the Company), was founded as a mixed capital company in
accordance with an incorporation agreement dated 26th October 1992 and was incorporated by public
deed on 16th September 1993. Its main objective is the exploration, survey, development, mining,
treatment and sale of diamonds and other minerals.
The Company bases its administrative services on the mining site- Lunda Sul -, and its financial and
logistics functions in Luanda headquarters; there is also a representative office in Moscow.
Total net profit for the year ended 31st December 2013, is USD 100,004 thousand (2012- USD 131,731
thousand), which represents a decrease of 24%, notwithstanding the slightly increase on the price of the
diamond on the international market, (the average price in 2013 was 4% higher than 2012), the
quantities of diamonds sold in 2013 decreased 2% when compared to the previous year.
These conditions allowed the Company to invest USD 77,608 thousand in fixed assets and infrastructure
(2012 - USD 108,816 thousand) and to distribute USD 129,156 thousand of social welfare in the form of
salaries and other fringe benefits, such as food and transportation (2012 - USD 120,132 thousand) and to
pay income taxes and other contributions to the State in the amount of USD 119,719 thousand (2012 USD 167,538 thousand).
2. Presentation of financial statements
The Company prepares its annual statutory financial statements in accordance with the legal
requirements in the currency of Angola, the Kwanza and in the functional currency the US dollar.
These financial statements in US dollars are presented in conformity with accounting principles generally
accepted in Angola. These statements were prepared based on the principles and procedures disclosed in
Note 2.1.
2.1 Accounting policies and procedures
The financial statements have been prepared on the going concern, accruals basis in order to properly
reflect the Companys financial position and were drawn up in accordance with accounting principles
generally accepted in Angola. The principal accounting policies and procedures followed by the
Company are as follows:
a) The accounting records are kept in the functional currency, the US dollar, and then automatically
converted into the local currency, the Kwanza (Kz). taking into consideration IAS 21.
b) The historical cost principle is applied to the US dollar accounting records: where assets are recorded
at the date of acquisition for the amount of cash or cash equivalents paid or payable in order to acquire
them. Liabilities are recorded at the value of the proceeds received in exchange for the related
obligation or, under certain circumstances, at the amount of cash expected to be paid in order to meet
the liability in the normal course of business.
(b) Increase in Fixed assets in progress relate primarily to the following projects:
implementation of an integrated security system for the Central Processing Plants 1 e 2 (USD
4,174 thousand), construction of an oil treatment facility (USD 2,546 thousand),
construction of the administrative headquarters on the mine (USD 2,020 thousand),
construction of the wastewater treatment plant (USD 1,951 thousand), modernization of
Conveyor Belts Transport System - phases I and Ill (USD 1,782 thousand), studies conducted
at the tailings ponds (USD 1,597 thousand), deep horizons drills (USD 1,590 thousand),
assembly of the structure for the third mill CT2 (USD 1,530 thousand), construction of kitchen
and cafeteria (USD 1,519 million), expansion works in the machine shop (USD 1,435
thousand), construction and installation of new central warehouse (USD 1,245 thousand).
construction of a central power plant (USD 1,161 thousand), the paving of the village Catoca
(USD 1,057 thousand), water pumping station for the mine (USD 959 thousand) construction
of the geology building (USD 932 thousand). During the year 2013 part of these work in
progress balances were transferred to Fixed assets as the corresponding projects were
completed and assets were put to service(see note (d) below). Major ongoing investment at
December 31, 2013 were: deep horizons drills (USD 3,986 million), modernization of Conveyor
Belts Transport System - Phases I and Ill (USD 3,299 thousand), construction of the
administrative headquarters (USD 2,705 thousand), studies conducted at tailings ponds
(USD 1,597 thousand), assembly of the third mill structure at CT2 (USD 1,131 thousand).
(c) The most significant disposals (in thousands of U.S. dollars) in 2013 were trucks, obsolete
machinery and equipment with no further use.
(d) Main transfers to fixed assets for the year 2013 were as follows: Overhaul services on
Liebherr excavators (USD 8,613 thousand), construction of new dorm facilities (USD 2,632
thousand), construction of an oil treatment station (USD 4,576 thousand), construction and
installation of new central warehouse (USD 2,576 thousand), construction and installation
of wastewater treatment (USD 1,951 thousand), construction of kitchen and cafeteria (USD
1,519 thousand), construction of central power plant (1,161 USD thousands), the paving of
village Catoca (USD 1,057 thousand), water pumping station mine (USD 959 million),
construction of the geology building (USD 932 thousand).
(a) The main acquisitions relate to articulated trucks, bulldozers, backhoes, excavators, power generators
and other heavy machinery (amounting to USD 45,101 thousand). Additionally, some major overhauls
were capitalized (totaling USD 8,613 thousand).
8. Inventories
(a) Joint Venture Associations Lapi and Luemba and new concessions.
8.1 Breakdown
In September 2006, the Department of Geology and Mines, by Executive Decree 125/06 published in the
Official Gazette Series I - 113 on 19 September, approved the constitution of the Lapi Joint Venture
Association. The Associations members comprise Endiama E.P (41%), Jasiminas Mining Exploitation Lda
(14%), Mombo Agro Pecuaria e Comercio Geral Lda (13%) and Sociedade Mineira do Catoca (32%).
The Association was formed to prospect for and prove secondary diamond deposits in an area of 240 km2
denominated Lapi.
(a) Finished products comprise 561,201 carats of diamond valued at cost of production
(2012 - 638,202 carats), valued at the cost of production as at December 2013.
In September 2006, the Department of Geology and Mines, by Executive Decree 126/06 published in the
Official Gazette Series I - 114 on 20 September, also approved the Luemba Joint Venture Association. Its
members comprise Endiama E.P (41%), Ouse Investments Limited (Angola branch) (17%), Nawa Nawa
(5%) and Sociedade Mineira do Catoca (32%). The Association was formed to prospect for and prove
secondary diamond deposits in an area of 85.7km2 denominated Luemba.
In November 2006 both Joint Ventures were granted concessions to prospect for and prove primary
diamond deposits (Decree 93/06 for the area denominated Lapi and Decree 92/06 for the area
denominated Luemba, made public in Series I Republic Gazette - n 138 on the 15th of November).
During the exploration and evaluation phase the Company is the sole responsible for all the risks
associated with the investments. The pre-feasibility study, raised some uncertainty on the recoverability
of these investments, leading management to the decision of reinforcing the 2008 provision, so as to
amount the total value capitalized until 31st December 2013 as a precautionary measure as prescribed in
the number II, point c) of the note 2.1.
During 2013, exploration and evaluation costs, amounting to USD 29,833 thousand (2012 - USD 21,965
thousand) were capitalized, USD 20,909 thousand (2012 - USD 13,806 thousand) in respect of Luemba and
USD 8,924 thousand (2012- USD 8,160 thousand) in respect of Lapi.
Similarly, the costs incurred with new concessions, amounting to USD 13,362 thousand (2012 - USD
1,909 thousand), were capitalized and fully provided for.
(B) Other debtors
13. Reserves
Cash and bank includes USD 7,699 thousand (2012- USD 41,989 thousand), and USD 2,939 thousand
(2012- USD 4,285 thousand) in Kwanzas, Rands and other currencies.
13.1 Breakdown
(a) The legal reserve was created to comply with Article 191 of the Commercial Code and may only be
used to increase the share capital or cover losses after all other reserves have been used.
(b) Reserve for severance pay totaling USD 6,693 thousand, with the objective of safeguarding workers
rights as provided for in the General Labor Law and Investment Reserve for a total of USD 6,000
thousand.
14.1 Breakdown
Loans represent: (i) interest capitalized on the premium subsequently converted to a loan amounting to
USD 3,223 thousand paid by LL International Holding BV (formerly Daumonty Financing Company B.V.)
a quotaholder, (ii) the medium and long term portions of loans amounting to USD 68,007 thousand
obtained from Banco Caixa Geral Totta de Angola, Banco de Negcios lnternacional and Banco Africano
de lnvestimentos (iii) and the short term parts for these loans, amounting to USD 7,477 thousand with
interest rates varying from 5,6% to 7,5% per annum.
a) Allocation of earnings
15. Loans
15.1 Breakdown
(a) Provision for employees retirement compensation (Art. 262 Labors Act).
19. Accounts payable
19.1 Breakdown
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28. Payroll
(a) Includes amount of USD 55 thousand related to the interest on the loan from LL International Holding
B.V. for the year 2013 (see note 15.2); and bank interest of USD 3,378 thousand.
33. Non-operational income
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(a) Provision for employees retirement compensation (Art. 262 Angolan Labor Act)
(i) Bank Guarantees on equipment, acquired through bank loans in the amount of USD 40,729 thousand
and for employees housing plan, in the amount of USD 2,902 thousand.
(ii) Guarantees on equipment acquired, through bank loans.
(b) Letter of Credit
Banco Caixa Geral Totta de Angola, SA issued Letters of Credit for the acquisition of machiney for the
central processing plants, worth USD 1,342 thousands.
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