v3.25.4
Other Assets
 12 Months Ended
Dec. 31, 2025
Other Assets [Abstract]  
Other Assets
9.
Other Assets
December 31,
(US$ thousands)
2025
2024
Other current assets:
Prepayments
$
43,797
$
40,465
Long service leave receivable
7,560
7,193
Tax
credits receivable
3,834
4,004
Deposits to acquire mining equipment
10,781
37,888
Derivative assets (refer to Note 21. Derivatives and
Fair Value Measurement)
2,523
—
Other
19,183
20,725
Total
other current assets
$
87,678
$
110,275
Other non-current assets:
Deferred debt issue costs
$
2,833
$
3,285
Long service leave receivable
953
1,527
Tax
credits receivable
1,625
1,530
Total
other non-current assets
$
5,411
$
6,342
The Company has other assets which include prepayments, favorable mineral leases, deferred
debt issue costs,
long service leave receivables, equipment deposits, short-term deposits and
coalfield employment enhancement
tax credit receivables.
Long service leave for
eligible coal mine workers
at the Company’s
Australian Operations is
paid when leave is
taken, with a subsequent
reimbursement received from
the Coal Mining Industry
(Long Service Leave Funding)
Corporation
in
Queensland,
Australia.
The
reimbursement
entitlement
is
recognized
as
a
receivable
and
is
measured as
the present
value of
expected future
reimbursements to
be received
for the
corresponding leave
liability recognized.
Deposits to acquire mining equipment
are advance payments made for
the purchase of future mining
equipment,
some of which
is classified
as non-current assets
if the equipment
is expected to
be delivered beyond
the next
twelve months.
Short-term deposits are term deposits held with financial
institutions with a maturity greater than ninety days
but
less than twelve months and that did not meet the cash and
cash equivalents criteria.
The favorable mineral leases were recognized on acquisition of certain U.S. assets
that are amortized based on
the
coal
tonnage
removed
from
the
lease
property
relative
to
the
total
estimated
acquired
reserves
on
that
property.
The deferred debt issue
costs as of December 31,
2025, were incurred to
establish the ABL Facility with
Stanwell
(as described in Note 15 “Interest
Bearing Liabilities”). The deferred
debt issue costs are amortized over
the life
of the ABL Facility on a
straight-line basis and included in “Interest expense, net”
in the Company’s Consolidated
Statements of Operations and Comprehensive Income.
The deferred
debt issue
costs as
of December
31, 2024,
were incurred
to establish
the senior
secured asset-
based revolving credit agreement with
The Hongkong and Shanghai Banking
Corporation Limited and DBS
Bank
Limited, as lenders, or the predecessor credit facility,
which was extinguished and associated deferred issuance
costs written off during the year ended December
31, 2025.