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 ASX: SFR three statement modelYear -2Year -1Year 0Year 1Year 2Year 3
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All figures in AUD '000s unless stated otherwise30 June 202330 June 202430 June 202530 June 202630 June 202730 June 2028
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Statement of profit or loss and other comprehensive income
30 June 202330 June 202430 June 202530 June 202630 June 202730 June 2028
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Sales revenue 803,974 935,188 1,176,006 1,435,588 1,520,657 1,657,156
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Net other gains 11,749 6,365 11,312 11,429 11,531 11,642
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Changes in inventories of finished goods and work in progress (9,652) (3,789) 15,474 10,077 (87) 6,420
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Mine operations costs (333,223) (381,011) (435,188) (484,469) (499,197) (522,185)
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Employee benefits expenses (102,499) (107,978) (108,588) (162,774) (162,873) (172,837)
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Freight expenses (43,529) (44,930) (51,404) (69,816) (71,160) (76,858)
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Royalties expense (11,806) (14,598) (17,283) (21,529) (22,963) (24,744)
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Exploration and evaluation expenses (36,142) (19,874) (34,903) (45,884) (42,017) (49,312)
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Impairment expense (4,022) (2,751) (3,081) - - -
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Administration and other expenses (10,163) (9,676) (15,798) (17,429) (18,208) (20,741)
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Depreciation and amortisation expenses (269,976) (303,560) (315,085) (300,452) (301,783) (295,465)
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Profit before net finance expense and income tax expense (5,289) 53,386 221,462 354,742 413,900 513,076
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Finance income 2,479 2,922 4,429 #REF!#REF!#REF!
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Finance expense (53,697) (66,918) (67,396) (23,341)#REF!#REF!
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Net finance expense (51,218) (63,996) (62,967)#REF!#REF!#REF!
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Profit / (loss) before income tax (56,507) (10,610) 158,495 #REF!#REF!#REF!
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Income tax benefit / (expense) 2,846 (8,461) (68,593)#REF!#REF!#REF!
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Net profit / (loss) for the year (53,661) (19,071) 89,902 #REF!#REF!#REF!
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Net foreign exchange differences on translation of foreign operations, net of tax
 8,486 (8,454) 16 - - -
Due to scarcity of time I'm leaving these ones out this time around.
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Gain / (loss) on derivatives designated as cash flow hedges, net of tax
 (23,951) (43,940) 18,497 - - -
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Change in fair value of equity investments carried at fair value through other comprehensive income, net of tax
 1,300 (1,225) (1,261) - - -
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Other comprehensive income / (loss) for the year, net of tax (67,826) (72,690) 107,154 #REF!#REF!#REF!
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 Statement of financial position30 June 202330 June 202430 June 202530 June 202630 June 202730 June 2028
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Cash and cash equivalents 141,939 183,337 110,668 #REF!#REF!#REF!
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Trade and other receivables 78,368 77,099 85,993 112,960 113,373 120,989
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Inventories 62,532 57,618 90,386 95,616 97,336 105,657
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Derivative financial assets 12,989 1,938 - - - -
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Income tax receivable - 1,551 - - - -
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Other current assets 7,136 6,862 7,623 10,861 10,840 11,697
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 Total current assets 302,964 328,405 294,670 #REF!#REF!#REF!
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Financial investments 4,860 2,202 2,142 4,891 3,844 4,284
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Exploration and evaluation assets 59,348 58,040 62,063 60,162 58,873 59,484
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Property, plant and equipment 2,649,078 2,587,960 2,501,980 2,414,602 2,305,426 2,195,910
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Inventories 6,608 12,279 - - - -
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Derivative financial assets 27,656 - - - - -
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Deferred tax asset 15,244 - - - - -
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Other non-current assets 8,631 7,912 7,598 12,277 11,898 12,615
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Total non-current assets 2,771,425 2,668,393 2,573,783 2,491,932 2,380,041 2,272,293
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Total assets 3,074,389 2,996,798 2,868,453 #REF!#REF!#REF!
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Trade and other payables 177,987 145,300 178,131 227,522 218,716 236,959
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 Derivative financial liabilities 1,051 14,634 17,811 17,811 17,811 17,811
Hodling constant for various reasons…
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Interest-bearing liabilities 72,409 49,592 - - - -
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Lease liabilities 15,981 13,148 15,157 16,779 17,752 20,132
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Income tax payable 2,045 - 2,824 #REF!#REF!#REF!
Very simply assuming this is other side of income tax expense / benefit for period.
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Provisions 12,962 4,957 5,261 8,390 8,010 8,943
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Total current liabilities 282,435 227,631 219,184 #REF!#REF!#REF!
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 Trade and other payables - 534 - - - -
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Derivative financial liabilities 41 25,382 - - - -
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Interest-bearing liabilities 497,850 510,718 228,436 #REF!#REF!#REF!
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Lease liabilities 10,352 9,122 9,649 11,058 11,766 13,141
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Provisions 85,111 112,540 132,805 161,914 199,505 234,171
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Deferred tax liabilities 464,053 442,970 496,210 496,210 496,210 496,210
Hodling constant for various reasons…
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Total non-current liabilities 1,057,407 1,101,266 867,100 #REF!#REF!#REF!
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Total liabilities 1,339,842 1,328,897 1,086,284 #REF!#REF!#REF!
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Net assets 1,734,547 1,667,901 1,782,169 #REF!#REF!#REF!
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Issued capital 1,322,308 1,324,033 1,330,231 1,330,231 1,330,231 1,330,231
Hodling constant for various reasons…
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Reserves (7,889) (54,788) (37,934) (37,934) (37,934) (37,934)
Hodling constant for various reasons…
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Retained profits 421,848 402,149 494,698 #REF!#REF!#REF!
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Equity attributable to equity holders of the parent 1,736,267 1,671,394 1,786,995 #REF!#REF!#REF!
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 Non-controlling interest (1,720) (3,493) (4,826) (4,826) (4,826) (4,826)
Hodling constant for various reasons…
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Total equity 1,734,547 1,667,901 1,782,169 #REF!#REF!#REF!
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Check - - - #REF!#REF!#REF!
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 Statement of cash flows (reference)30 June 202330 June 202430 June 202530 June 202630 June 202730 June 2028
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Cash receipts from customers 726,356 930,377 1,187,986
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Cash paid to suppliers and employees (519,696) (561,990) (616,945)
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Tax paid (60,977) (3,823) (15,102)
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Payments for exploration and evaluation (32,678) (22,040) (36,116)
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Interest received 3,617 2,369 3,884
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 Net cash from operating activities 116,622 344,893 523,707
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Net proceeds from / (payments) for exploration and evaluation assets
 (1,515) (1,472) 15,210
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Proceeds from sale of property, plant and equipment - 5,325 533
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Payments for property, plant and equipment (33,649) (47,355) (50,569)
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Payments for mine properties (including mine properties under development)
 (291,816) (173,115) (151,187)
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Proceeds from sale of investments 2,304 1,324 307
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MATSA purchase price adjustment 28,000 - -
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Refund / (payment) of security deposits and bonds (796) (657) 58
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 Net cash used in investing activities (297,472) (215,950) (185,648)
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