Annual report pursuant to Section 13 and 15(d)

AMAK FINANCIAL STATEMENTS - Balance Sheets (Details)

v3.20.4
AMAK FINANCIAL STATEMENTS - Balance Sheets (Details)
$ in Thousands
Dec. 31, 2020
USD ($)
Dec. 31, 2020
SAR (ر.س)
Sep. 30, 2020
SAR (ر.س)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
SAR (ر.س)
Dec. 31, 2018
SAR (ر.س)
Dec. 31, 2017
SAR (ر.س)
Current assets:              
Cash and cash equivalents | $ $ 55,664     $ 6,145      
Accounts receivable, net | $ 25,301     26,320      
Inventories | $ 12,945     13,624      
Total current assets | $ 105,896     84,090      
Non-current assets:              
Total assets | $ 316,833     301,819      
Current liabilities:              
Zakat and income tax liability | $ 125     0      
Current portion of finance lease liabilities | $ 0     0      
Long-term debt, current portion | $ 4,194     4,194      
Total current liabilities | $ 29,584     28,635      
Non-current liabilities              
Capital lease obligation, net of current portion     ر.س 2,022,518        
Long-term debt, net of current portion and deferred finance costs | $ 41,901     79,095      
Deferred income taxes | $ 26,517     11,375      
Commitments and contingencies | $          
Shareholders' equity              
Share capital | $ 2,483     2,475      
Share premium | $ 61,311     59,530      
Accumulated deficit | $ 140,324     109,149      
Total Trecora Resources Stockholders' Equity | $ 204,118     171,154      
TOTAL LIABILITIES AND EQUITY | $ $ 316,833     $ 301,819      
AMAK              
Current assets:              
Cash and cash equivalents   ر.س 29,452,821     ر.س 52,244,794    
Restricted cash   7,935,905     0    
Accounts receivable, net   8,688,925     29,643,472    
Inventories   45,017,824 45,017,824   35,277,340    
Advances to shareholders   0     2,859,341    
Advances to contractors and other   20,650,315 20,650,315   50,053,018    
Total current assets   111,745,790     170,077,965    
Non-current assets:              
PLANT, PIPELINE, AND EQUIPMENT, NET (Note 8)   683,014,705 683,014,705   610,634,432    
Development costs, net   98,939,725     121,267,664    
Deferred mine closure costs   4,849,249 4,849,249   5,211,505    
Total non-current assets   786,803,679     737,113,601    
Total assets   898,549,469     907,191,566    
Current liabilities:              
Accounts payable and accrued liabilities   38,499,280 38,499,280   40,418,619    
Zakat and income tax liability   14,966,681     10,932,026    
Current portion of finance lease liabilities   2,479,480     2,318,301    
Long-term debt, current portion   97,500,000 97,500,000   50,000,000    
Total current liabilities   153,445,441     103,668,946    
Non-current liabilities              
Provision for mine closure costs   17,030,905 17,030,905   16,625,347 ر.س 16,063,136 ر.س 15,519,938
Capital lease obligation, net of current portion   2,022,518     3,898,002    
Long-term debt, net of current portion and deferred finance costs   271,626,947 271,626,947   267,933,847    
End-of-service indemnities   6,029,921 ر.س 6,029,921   4,880,892 ر.س 3,649,889  
Deferred income taxes   0     4,217,658    
Total non-current liabilities   296,710,291     297,555,746    
Commitments and contingencies          
Shareholders' equity              
Share capital   820,000,000     820,000,000    
Share premium   (131,808,900)     (74,713,350)    
Accumulated deficit   (239,797,363)     (239,319,776)    
Total Trecora Resources Stockholders' Equity   448,393,737     505,966,874    
TOTAL LIABILITIES AND EQUITY   ر.س 898,549,469     ر.س 907,191,566