for the year ended 31 December
Figures in millions unless otherwise stated
| |
south african rand |
| |
Number of ordinary shares issued |
Share capital |
Share premium |
Other reserves1 |
Retained earnings |
Total equity |
|
| Balance at 31 December 2014 |
772,272,821 |
385.0 |
21,640.9 |
275.9 |
11,428.0 |
33,729.8 |
|
| Profit for the year |
– |
– |
– |
– |
130.0 |
130.0 |
|
| Other comprehensive income |
– |
– |
– |
0.1 |
– |
0.1 |
|
| Total comprehensive income |
– |
– |
– |
0.1 |
130.0 |
130.1 |
|
| Dividends paid |
– |
– |
– |
– |
(186.7) |
(186.7) |
|
| Exercise of employee share options |
5,177,671 |
2.6 |
– |
– |
– |
2.6 |
|
| Balance at 31 December 2015 |
777,450,492 |
387.6 |
21,640.9 |
276.0 |
11,371.3 |
33,675.8 |
|
| |
|
|
|
|
|
|
|
| Profit for the year |
– |
– |
– |
– |
296.9 |
296.9 |
|
| Other comprehensive income |
– |
– |
– |
0.1 |
– |
0.1 |
|
| Total comprehensive income |
– |
– |
– |
0.1 |
296.9 |
297.0 |
|
| Dividends paid |
– |
– |
– |
– |
(575.1) |
(575.1) |
|
| Share issued2 |
38,857,913 |
19.4 |
2,292.6 |
– |
– |
2,312.0 |
|
| Exercise of employee share options |
4,298,540 |
– |
– |
– |
– |
– |
|
| Balance at 31 December 2016 |
820,606,945 |
407.0 |
23,933.5 |
276.1 |
11,093.1 |
35,709.7 |
|
| The accompanying notes form an integral part of these financial statements. |
| 1 |
Other reserves include fair value adjustments and share-based payments. |
| 2 |
During 2016, Gold Fields completed a R2.3 billion accelerated equity raising by way of a private placement to institutional investors. |
| |
A total number of 38,857,913 new Gold Fields shares were placed at a price of R59.50 per share which represented a 6% discount to the 30-day volume weighted average traded price, for the period 17 March 2016 and a 0.7% discount to the 50-day moving average. |
| |
The net proceeds from the placement was used to refinance the US$1,510 million term loan and revolving credit facilities. The new facilities amount to US$1,290 million. Refer note 24 in the Gold Fields consolidated financial statements for further details. |
