Consolidated income statement

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

      UNITED STATES DOLLAR    
  Notes     2016     2015   2014    
Revenue   1     2,749.5     2,545.4   2,868.8    
Cost of sales   2     (2,066.7)   (2,066.1) (2,334.4)  
Net operating profit       682.8     479.3   534.4    
Investment income   3     8.3     6.3   4.2    
Finance expense   4     (78.3)   (82.9) (99.2)  
Gain/(loss) on financial instruments       14.4     (4.7) (11.5)  
Foreign exchange (loss)/gain       (6.4)   9.5   8.4    
Other costs, net       (16.8)   (21.2) (62.5)  
Share-based payments   5     (14.4)   (10.9) (26.0)  
Long-term incentive plan   26     (11.0)   (5.3) (8.7)  
Exploration expense       (92.2)   (53.5) (47.2)  
Share of results of equity accounted investees after taxation   15     (2.3)   (5.7) (2.4)  
Restructuring costs       (11.7)   (9.3) (42.0)  
Impairment of investments and assets   6     (76.5)   (221.1) (26.7)  
Profit on disposal of investments       2.3     0.1   0.5    
Profit on disposal of Chucapaca   32    –     –   4.6    
Profit/(loss) on disposal of assets   15.1(b)   48.0     (0.1) (1.3)  
Profit before royalties and taxation   7     446.2     80.5   224.6    
Royalties   8     (80.4)   (76.0) (86.1)  
Profit before taxation       365.8     4.5   138.5    
Mining and income taxation   9     (192.1)   (247.1) (118.1)  
Profit/(loss) for the year       173.7     (242.6) 20.4    
Profit/(loss) attributable to:                
– Owners of the parent       162.8     (242.1) 12.8    
– Non-controlling interest holders       10.9     (0.5) 7.6    
      173.7     (242.6) 20.4    
Earnings/(loss) per share attributable to owners of the parent:               
Basic earnings/(loss) per share – cents   10.1     20     (31) 2    
Diluted basic earnings/(loss) per share – cents   10.2     20     (31) 2    
The accompanying notes form an integral part of these financial statements.