Income statement
International Financial Reporting Standards Basis
Figures are in millions unless otherwise stated
| |
South African Rand |
Quarter |
|
Six months to |
|
| |
|
June
2012 |
|
March
2012 |
|
June
2011 |
|
June
2012 |
|
June
2011 |
|
| |
Revenue |
11,364.1 |
|
11,206.4 |
|
9,581.0 |
|
22,570.5 |
|
18,550.4 |
|
| |
Operating costs, net |
(5,973.1) |
|
(5,773.8) |
|
(5,124.2) |
|
(11,746.9) |
|
(10,002.6) |
|
| |
- Operating costs |
(6,067.0) |
|
(5,857.3) |
|
(5,250.7) |
|
(11,924.3) |
|
(10,209.7) |
|
| |
- Gold inventory change |
93.9 |
|
83.5 |
|
126.5 |
|
177.4 |
|
207.1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Operating profit |
5,391.0 |
|
5,432.6 |
|
4,456.8 |
|
10,823.6 |
|
8,547.8 |
|
| |
Amortisation and depreciation |
(1,577.0) |
|
(1,522.0) |
|
(1,277.2) |
|
(3,099.0) |
|
(2,517.2) |
|
| |
Net operating profit |
3,814.0 |
|
3,910.6 |
|
3,179.6 |
|
7,724.6 |
|
6,030.6 |
|
| |
Net interest paid |
(65.0) |
|
(44.7) |
|
(31.5) |
|
(109.7) |
|
(72.4) |
|
| |
Share of results of associates after taxation |
(98.1) |
|
18.0 |
|
0.8 |
|
(80.1) |
|
(2.7) |
|
| |
Gain/(loss) on foreign exchange |
7.5 |
|
(66.2) |
|
(19.0) |
|
(58.7) |
|
(16.0) |
|
| |
(Loss)/gain on financial instruments |
(7.6) |
|
(1.2) |
|
24.6 |
|
(8.8) |
|
31.0 |
|
| |
Share-based payments |
(193.8) |
|
(143.7) |
|
(122.5) |
|
(337.5) |
|
(244.5) |
|
| |
Other |
(40.3) |
|
(1.1) |
|
(84.8) |
|
(41.4) |
|
(160.9) |
|
| |
Exploration |
(189.5) |
|
(292.0) |
|
(213.5) |
|
(481.5) |
|
(352.0) |
|
| |
Feasibility and evaluation costs |
(119.6) |
|
(76.1) |
|
(17.2) |
|
(195.7) |
|
(44.5) |
|
| |
Profit before royalties, taxation and non-recurring items |
3,107.6 |
|
3,303.6 |
|
2,716.5 |
|
6,411.2 |
|
5,168.6 |
|
| |
Non-recurring items |
(135.1) |
|
(78.9) |
|
(100.6) |
|
(214.0) |
|
(183.2) |
|
| |
Profit before royalties and taxation |
2,972.5 |
|
3,224.7 |
|
2,615.9 |
|
6,197.2 |
|
4,985.4 |
|
| |
Royalties |
(333.1) |
|
(318.1) |
|
(236.4) |
|
(651.2) |
|
(401.0) |
|
| |
Profit before taxation |
2,639.4 |
|
2,906.6 |
|
2,379.5 |
|
5,546.0 |
|
4,584.4 |
|
| |
Mining and income taxation |
(959.8) |
|
(791.8) |
|
(866.3) |
|
(1,751.6) |
|
(1,646.3) |
|
| |
- Normal taxation |
(845.0) |
|
(885.0) |
|
(520.7) |
|
(1,730.0) |
|
(1,120.5) |
|
| |
- Deferred taxation |
(114.8) |
|
93.2 |
|
(345.6) |
|
(21.6) |
|
(525.8) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Net profit |
1,679.6 |
|
2,114.8 |
|
1,513.2 |
|
3,794.4 |
|
2,938.1 |
|
| |
Attributable to: |
|
|
|
|
|
|
|
|
|
|
| |
- Owners of the parent |
1,606.4 |
|
2,081.7 |
|
1,266.8 |
|
3,688.1 |
|
2,367.2 |
|
| |
- Non-controlling interest |
73.2 |
|
33.1 |
|
246.4 |
|
106.3 |
|
570.9 |
|
| |
Non-recurring items: |
|
|
|
|
|
|
|
|
|
|
| |
Profit/(loss) on sale of assets |
0.7 |
|
1.7 |
|
(2.4) |
|
2.4 |
|
(3.7) |
|
| |
Restructuring costs |
(61.9) |
|
(63.3) |
|
(63.0) |
|
(125.2) |
|
(147.6) |
|
| |
Impairment of investments and assets |
(73.9) |
|
(17.3) |
|
(1.2) |
|
(91.2) |
|
(1.2) |
|
| |
Other |
- |
|
- |
|
(34.0) |
|
- |
|
(30.7) |
|
| |
Total non-recurring items |
(135.1) |
|
(78.9) |
|
(100.6) |
|
(214.0) |
|
(183.2) |
|
| |
Taxation |
18.6 |
|
18.3 |
|
30.1 |
|
36.9 |
|
56.0 |
|
| |
Net non-recurring items after taxation |
(116.5) |
|
(60.6) |
|
(70.5) |
|
(177.1) |
|
(127.2) |
|
| |
Net earnings |
1,606.4 |
|
2,081.7 |
|
1,266.8 |
|
3,688.1 |
|
2,367.2 |
|
| |
Net earnings per share (cents) |
220 |
|
288 |
|
175 |
|
508 |
|
328 |
|
| |
Diluted earnings per share (cents) |
220 |
|
287 |
|
174 |
|
507 |
|
325 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Headline earnings |
1,680.0 |
|
2,097.6 |
|
1,270.1 |
|
3,777.6 |
|
2,371.5 |
|
| |
Headline earnings per share (cents) |
230 |
|
290 |
|
176 |
|
520 |
|
329 |
|
| |
Diluted headline earnings per share (cents) |
230 |
|
289 |
|
174 |
|
519 |
|
325 |
|
| |
Normalised earnings - net earnings excluding gains and losses on foreign exchange, financial instruments, non-recurring items and share of results of associates after royalties and taxation |
1,819.3 |
|
2,170.8 |
|
1,326.4 |
|
3,990.1 |
|
2,478.1 |
|
| |
Normalised earnings - net earnings per share excluding gains and losses on foreign exchange, financial instruments, non-recurring items and share of results of associates after royalties and taxation (cents) |
250 |
|
300 |
|
184 |
|
550 |
|
344 |
|
| |
Gold sold – managed kg |
27,407 |
|
26,718 |
|
29,371 |
|
54,125 |
|
58,146 |
|
| |
Gold price received R/kg |
414,642 |
|
419,433 |
|
326,206 |
|
417,007 |
|
319,031 |
|
| |
Total cash cost R/kg |
220,546 |
|
217,443 |
|
177,934 |
|
219,010 |
|
173,243 |
|
| The unaudited consolidated financial statements for the quarter ended 30 June 2012 have been prepared by the corporate accounting staff of Gold Fields Limited headed by Mrs Tzvet Ilarionova, the Group's Financial Controller. This process was supervised by Mr Paul Schmidt, the Group's Chief Financial Officer. |
|
