Consolidated financial statement of JSW S.A. Capital Group for 2012
10. Other long-term assets
31 Dec 2012
31 Dec 2011
Long-term financial assets:
257.2
235.8
Bank deposits
-
1
Bank deposits of the Mining Plant Decomissioning Fund *
18.5
-
Treasury bonds
1.2
1.1
Financial receivables
0.2
0.7
Cash and cash equivalents of the Mining Plant Decomissioning Fund *
237.3
233
Ownership interest and shares in other entities
0.5
0.6
Other non-financial receivables
8
2.8
Total other long-term assets
265.7
239.2
* This item includes funds accumulated to finance the decomissioning of a mining plant. According to the provisions of the Geological and Mining Law Act (Journal of Laws No. 163 Item 981 of 2011, as amended) and the Minister of Economy's Regulation on the principles of establishing and managing a mining plant decomissioning fund, the Parent Company is obligated to accumulate funds on a separate bank account of the Mining Plant Decomissioning Fund (Fundusz Likwidacji Zakładów Górniczych – FLZG), which may be expended solely and exclusively to finance a total or partial decomissioning of a mining plant
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