Asia Resource Minerals (LSE:ARMS) Other Current Assets : £255.0 Mil (As of Dec. 2014)

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What is Asia Resource Minerals Other Current Assets?

Asia Resource Minerals's other current assets for the quarter that ended in Dec. 2014 was £255.0 Mil.

Asia Resource Minerals's quarterly other current assets increased from Dec. 2013 (£285.5 Mil) to Jun. 2014 (£347.5 Mil) but then declined from Jun. 2014 (£347.5 Mil) to Dec. 2014 (£255.0Mil).

Asia Resource Minerals's annual other current assets declined from Dec. 2012 (£367.1 Mil) to Dec. 2013 (£285.5 Mil) declined from Dec. 2013 (£285.5 Mil) to Dec. 2014 (£255.0 Mil).

Asia Resource Minerals Other Current Assets Historical Data

The historical data trend for Asia Resource Minerals's Other Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Asia Resource Minerals Other Current Assets Chart

Asia Resource Minerals Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Other Current Assets

300.46

367.07

285.48

254.96

Asia Resource Minerals Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Other Current Assets	Get a 7-Day Free Trial			367.07	364.43	285.48	347.51	254.96

Asia Resource Minerals Other Current Assets Calculation

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:

Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:

Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.

At most companies, other current assets are a small and unimportant part of the total balance sheet.

Asia Resource Minerals Other Current Assets Related Terms

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Asia Resource Minerals (LSE:ARMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asia Resource Minerals PLC (LSE:ARMS) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.asiarmplc.com

Asia Resource Minerals PLC was incorporated on December 03, 2010. The Company, together with its subsidiaries is engaged in coal mining operations and exploration and development of mineral mining concessions. The Company's coal operations are located near Tanjung Redeb, East Kalimantan, in Indonesia. Its subsidiary, PT Berau, has three open cut mining operations, namely Lati, Binungan and Sambarata, located in an 118,400 hectare concession area in East Kalimantan. Production of thermal coal is blended to adjust the overall quality grade of the product, with current calorific values ranging from 5,000 kcal/kg to 6,100 kcal/kg (on a gross as received' basis) for use in coal fired power plants.

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