The largest item line reported in the assets section of the consolidated statement of financial position is Mineral Stream interests $5,707,019 explain why makes sense that the largest asset is the one identified?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The largest item line reported in the assets section of the consolidated statement of financial position is Mineral Stream interests $5,707,019 explain why makes sense that the largest asset is the one identified?
Consolidated Balance Sheets
(US dollars in thousands)
Assets
Current assets
Cash and cash equivalents
Accounts receivable
Cobalt inventory
Other
Total current assets
Non-current assets
Mineral stream interests
Early deposit mineral stream interests
Mineral royalty interest
Long-term equity investments
Refundable deposit - 777 PMPA
Convertible notes receivable
Property, plant and equipment
Other
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable and accrued liabilities.
Current taxes payable
Current portion of performance share units
Current portion of lease liabilities
Total current liabilities
Non-current liabilities
Performance share units
Lease liabilities
Deferred income taxes
Pension liability
Total non-current liabilities
Total liabilities
Shareholders' equity
Issued capital
Reserves
Retained earnings
Total shareholders' equity
Total liabilities and shareholders' equity
/s/ Randy Smallwood
Randy Smallwood
Director
Note
26 $
11
12
28
18
19
17
20
29
As at
December 31
2022
27
24.1
21.2
24.1
21.2
27
31
$
13 $ 5,707,019 $
15
16
$
$
69
$
$
$
$
$
$
As at
December 31
2021
696,089 $
10,187
10,530
3,287
720,093 $
/s/Marilyn Schonberner
Marilyn Schonberner
Director
46,092
6,606
256,095
8,073
4,210
11,718
6,039,813 $
6,759,906 $
12,570 $
2,763
14,566
818
30,717 $
22 $ 3,752,662 $
23
66,547
2.898.466
6,717,675 $
6.759,906 $
6,673
1.152
165
3.524
11,514 $
42,231 $
226,045
11,577
8,712
3,390
249,724
5,905,797
34,741
6,606
61,477
17,086
5,509
15,211
6,046,427
6,296,151
13,939
132
14,807
813
29,691
11,498
2,060
100
2,685
16.343
46,034
3.698,998
47,036
2,504,083
6,250.117
6,296,151
Transcribed Image Text:Consolidated Balance Sheets (US dollars in thousands) Assets Current assets Cash and cash equivalents Accounts receivable Cobalt inventory Other Total current assets Non-current assets Mineral stream interests Early deposit mineral stream interests Mineral royalty interest Long-term equity investments Refundable deposit - 777 PMPA Convertible notes receivable Property, plant and equipment Other Total non-current assets Total assets Liabilities Current liabilities Accounts payable and accrued liabilities. Current taxes payable Current portion of performance share units Current portion of lease liabilities Total current liabilities Non-current liabilities Performance share units Lease liabilities Deferred income taxes Pension liability Total non-current liabilities Total liabilities Shareholders' equity Issued capital Reserves Retained earnings Total shareholders' equity Total liabilities and shareholders' equity /s/ Randy Smallwood Randy Smallwood Director Note 26 $ 11 12 28 18 19 17 20 29 As at December 31 2022 27 24.1 21.2 24.1 21.2 27 31 $ 13 $ 5,707,019 $ 15 16 $ $ 69 $ $ $ $ $ $ As at December 31 2021 696,089 $ 10,187 10,530 3,287 720,093 $ /s/Marilyn Schonberner Marilyn Schonberner Director 46,092 6,606 256,095 8,073 4,210 11,718 6,039,813 $ 6,759,906 $ 12,570 $ 2,763 14,566 818 30,717 $ 22 $ 3,752,662 $ 23 66,547 2.898.466 6,717,675 $ 6.759,906 $ 6,673 1.152 165 3.524 11,514 $ 42,231 $ 226,045 11,577 8,712 3,390 249,724 5,905,797 34,741 6,606 61,477 17,086 5,509 15,211 6,046,427 6,296,151 13,939 132 14,807 813 29,691 11,498 2,060 100 2,685 16.343 46,034 3.698,998 47,036 2,504,083 6,250.117 6,296,151
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