Gold Fields

for the year ended 31 December
Figures in millions unless otherwise stated

		UNITED STATES DOLLAR
	Notes	2016		2015		2014
Cash flows from operating activities		917.5		743.9		808.5
Cash generated by operations	28	1,270.1		1,005.4		1,061.3
Interest received		7.3		5.9		3.6
Dividends received		–		–		0.1
Change in working capital	29	(2.7)		43.6		83.7
Cash generated by operating activities		1,274.7		1,054.9		1,148.7
Interest paid		(81.7)		(86.8)		(103.8)
Royalties paid	30	(78.7)		(76.9)		(88.8)
Taxation paid	31	(156.1)		(118.4)		(105.3)
Net cash from operations		958.2		772.8		850.8
Dividends paid		(40.7)		(28.9)		(42.3)
– Owners of the parent		(39.2)		(15.1)		(29.8)
– Non-controlling interest holders		(0.2)		(12.1)		(10.6)
– South Deep BEE dividend		(1.3)		(1.7)		(1.9)
Cash flows from investing activities		(867.9)		(651.5)		(530.9)
Additions to property, plant and equipment		(649.9)		(634.1)		(608.9)
Proceeds on disposal of property, plant and equipment		2.3		3.1		4.9
Proceeds on disposal of Chucapaca	32	–		–		81.0
Purchase of Gruyere Gold project assets	15.2	(197.1)		–		–
Purchase of investments		(12.7)		(3.0)		(4.4)
Proceeds on disposal of investments		4.4		–		6.4
Environmental trust funds and rehabilitation payments		(14.9)		(17.5)		(9.9)
Cash flows from financing activities		37.0		(88.3)		(125.9)
Equity contributions from non-controlling interest holders		–		–		2.0
Shares issued		151.5		–		–
Loans raised		1,298.7		506.0		463.9
Loans repaid		(1,413.2)		(594.3)		(591.8)
Net cash generated		86.6		4.1		151.7
Effect of exchange rate fluctuation on cash held		0.1		(22.1)		(18.7)
Cash and cash equivalents at beginning of the year		440.0		458.0		325.0
Cash and cash equivalents at end of the year	21	526.7		440.0		458.0

The accompanying notes form an integral part of these financial statements.