Report Selector
Currently viewing: BALANCE SHEET / Financial statements | Next: Employees
for the year ended 31 December 2019
| United States Dollar | |||||
| Figures in millions unless otherwise stated | 2019 | 2018 | 2017 | ||
| CONTINUING OPERATIONS | |||||
| Revenue | 2,967.1 | 2,577.8 | 2,761.8 | ||
| Cost of sales | (2,033.5) | (2,043.0) | (2,105.1) | ||
| Investment income | 7.3 | 7.8 | 5.6 | ||
| Finance expense | (102.2) | (88.0) | (81.3) | ||
| (Loss)/gain on financial instruments | (238.0) | 21.0 | 34.4 | ||
| Foreign exchange (loss)/gain | (5.2) | 6.4 | (3.5) | ||
| Other costs, net | (67.6) | (44.8) | (19.0) | ||
| Share-based payments | (20.5) | (37.5) | (26.8) | ||
| Long-term incentive plan | (9.1) | (1.1) | (5.0) | ||
| Exploration expense | (84.4) | (104.2) | (109.8) | ||
| Share of results of equity-accounted investees, net of taxation | 3.1 | (13.1) | (1.3) | ||
| Profit on disposal of Maverix Metals Incorporated | 14.6 | – | – | ||
| Restructuring costs | (0.6) | (113.9) | (9.2) | ||
| Silicosis settlement costs | 1.6 | 4.5 | (30.2) | ||
| Gain on acquisition of Asanko | – | 51.8 | – | ||
| Impairment, net of reversal of impairment of investments and assets | (9.8) | (520.3) | (200.2) | ||
| Profit/(loss) on disposal of assets | 1.2 | (51.6) | 4.0 | ||
| Profit/(loss) before royalties and taxation | 424.0 | (348.2) | 214.4 | ||
| Royalties | (73.7) | (62.5) | (62.0) | ||
| Profit/(loss) before taxation | 350.3 | (410.7) | 152.4 | ||
| Mining and income taxation | (175.6) | 65.9 | (173.2) | ||
| Profit/(loss) from continuing operations | 174.7 | (344.8) | (20.8) | ||
| DISCONTINUED OPERATIONS | |||||
| Profit from discontinued operations, net of taxation | – | – | 13.1 | ||
| Profit/(loss) for the year | 174.7 | (344.8) | (7.7) | ||
| Profit/(loss) attributable to: | |||||
| Owners of the parent | 161.6 | (348.2) | (18.7) | ||
| – Continuing operations | 161.6 | (348.2) | (31.8) | ||
| – Discontinued operations | 13.1 | ||||
| Non-controlling interests | 13.1 | 3.4 | 11.0 | ||
| – Continuing operations | 13.1 | 3.4 | 11.0 | ||
| 174.7 | (344.8) | (7.7) | |||
| Earnings/(loss) per share attributable to owners of the parent: | |||||
| Basic earnings/(loss) per share from continuing operations – cents | 20 | (42) | (4) | ||
| Basic earnings per share from discontinued operations – cents | – | – | 2 | ||
| Diluted earnings/(loss) per share from continuing operations – cents | 19 | (42) | (4) | ||
| Diluted earnings per share from discontinued operations – cents | – | – | 2 | ||
at 31 December 2019
| United States Dollar | ||||||||
| Figures in millions unless otherwise stated | 2019 |
2018 Restated1 |
1 January 2018 Restated1 |
|||||
| ASSETS | ||||||||
| Non-current assets | 5,460.2 | 5,183.2 | 5,505.7 | |||||
| Property, plant and equipment | 4,657.1 | 4,259.2 | 4,892.9 | |||||
| Goodwill | – | – | 76.6 | |||||
| Inventories | 141.0 | 133.3 | 132.8 | |||||
| Equity accounted investees | 172.0 | 225.1 | 171.3 | |||||
| Investments | 155.1 | 235.3 | 104.6 | |||||
| Environmental trust funds | 69.5 | 60.8 | 55.5 | |||||
| Deferred taxation | 265.5 | 269.5 | 72.0 | |||||
| Current assets | 1,069.9 | 726.5 | 959.1 | |||||
| Inventories | 417.8 | 368.2 | 393.5 | |||||
| Trade and other receivables | 137.1 | 138.6 | 171.8 | |||||
| Cash and cash equivalents | 515.0 | 219.7 | 393.8 | |||||
| Assets held for sale | 31.2 | – | 40.0 | |||||
| Total assets | 6,561.3 | 5,909.7 | 6,504.8 | |||||
| EQUITY AND LIABILITIES | ||||||||
| Equity attributable to owners of the parent | 2,777.0 | 2,586.1 | 3,275.8 | |||||
| Stated capital | 3,622.5 | 3,622.5 | 3,622.5 | |||||
| Other reserves | (2,035.5) | (2,110.3) | (1,817.8) | |||||
| Retained earnings | 1,190.0 | 1,073.9 | 1,471.1 | |||||
| Non-controlling interests | 131.7 | 120.8 | 127.2 | |||||
| Total equity | 2,908.7 | 2,706.9 | 3,403.0 | |||||
| Non-current liabilities | 2,284.8 | 2,670.9 | 2,363.1 | |||||
| Deferred taxation | 433.6 | 454.9 | 453.9 | |||||
| Borrowings | 1,160.9 | 1,814.3 | 1,587.9 | |||||
| Provisions | 391.1 | 319.5 | 321.3 | |||||
| Lease liabilities (2018: finance lease liabilities) | 287.7 | 80.1 | – | |||||
| Long-term incentive plan | 11.5 | 2.1 | – | |||||
| Current liabilities | 1,367.8 | 531.9 | 738.7 | |||||
| Trade and other payables | 594.4 | 417.5 | 463.1 | |||||
| Royalties payable | 13.9 | 12.5 | 16.3 | |||||
| Taxation payable | 24.8 | 0.9 | 46.7 | |||||
| Current portion of borrowings | 684.9 | 92.5 | 194.5 | |||||
| Current portion of lease liabilities (2018: finance lease liabilities) | 45.2 | 8.5 | – | |||||
| Current portion of silicosis settlement costs | 4.6 | – | – | |||||
| Current portion of long-term incentive plan | – | – | 18.1 | |||||
| Total liabilities | 3,652.6 | 3,202.8 | 3,101.8 | |||||
| Total equity and liabilities | 6,561.3 | 5,909.7 | 6,504.8 | |||||
for the year ended 31 December 2019
| Figures in millions unless otherwise stated | 2019 |
2018 Restated1 |
2017 Restated1 |
||
| Cash flows from operating activities | 845.0 | 568.7 | 732.0 | ||
|---|---|---|---|---|---|
| Cash generated by operations | 1,302.8 | 998.0 | 1,286.5 | ||
| Interest received | 6.6 | 6.8 | 5.1 | ||
| Change in working capital | (24.6) | (31.9) | (89.9) | ||
| Cash generated by operating activities | 1,284.8 | 972.9 | 1,201.7 | ||
| Silicosis payment | (4.6) | – | – | ||
| Interest paid | (132.0) | (91.0) | (90.4) | ||
| Royalties paid | (72.3) | (65.5) | (66.0) | ||
| Taxation paid | (181.8) | (190.7) | (249.4) | ||
| Net cash from operations | 894.1 | 625.7 | 795.9 | ||
| Dividends paid/advanced | (49.1) | (57.0) | (70.7) | ||
| – Owners of the parent | (45.5) | (45.5) | (62.8) | ||
| – Non-controlling interest holders | (2.2) | (9.8) | (6.4) | ||
| – South Deep BEE dividend | (1.4) | (1.7) | (1.5) | ||
| Cash generated by continuing operations | 845.0 | 568.7 | 725.2 | ||
| Cash generated by discontinued operations | – | – | 6.8 | ||
| Cash flows from investing activities | (446.8) | (886.8) | (908.6) | ||
| Additions to property, plant and equipment | (612.5) | (814.2) | (833.6) | ||
| Proceeds on disposal of property, plant and equipment | 3.7 | 78.9 | 23.2 | ||
| Purchase of Asanko Gold | (20.0) | (165.0) | – | ||
| Purchase of investments | (6.5) | (19.3) | (80.1) | ||
| Redemption of Asanko Preference Shares | 10.0 | – | – | ||
| Proceeds on disposal of subsidiary | 6.2 | – | – | ||
| Proceeds on disposal of Maverix | 66.8 | – | – | ||
| Proceeds on disposal of investments | 112.6 | 0.5 | – | ||
| Proceeds on disposal of Arctic Platinum (APP) | – | 40.0 | – | ||
| Proceeds on disposal of Darlot | – | – | 5.4 | ||
| Contributions to environmental trust funds | (7.1) | (7.7) | (16.7) | ||
| Cash utilised in continuing operations | (446.8) | (886.8) | (901.8) | ||
| Cash utilised in discontinued operations | – | – | (6.8) | ||
| Cash flows from financing activities | (104.6) | 151.6 | 85.1 | ||
| Loans raised | 1,538.0 | 690.0 | 787.6 | ||
| Loans repaid | (1,604.3) | (535.9) | (702.5) | ||
| Payment of lease liabilities | (38.3) | (2.5) | – | ||
| Cash (utilised)/generated by continuing operations | (104.6) | 151.6 | 85.1 | ||
| Cash generated by discontinued operations | – | – | – | ||
| Net cash generated/(utilised) | 293.6 | (166.5) | (91.5) | ||
| Effect of exchange rate fluctuation on cash held | 1.7 | (7.6) | 14.3 | ||
| Cash and cash equivalents at beginning of the year | 219.7 | 393.8 | 471.0 | ||
| Cash and cash equivalents at end of the year | 515.0 | 219.7 | 393.8 |
1 Refer note 42 of the consolidated financial statements.
