Income statement

International Financial Reporting Standards Basis

Figures are in millions unless otherwise stated  

  South African Rand     Quarter       Nine months to
    September
2012
  June
2012
  September
2011
  September
2012
  September
2011
 
  Revenue 11,394.8   11,364.1   11,059.5   33,965.3   29,609.9  
  Operating costs, net (6,290.2)   (5,973.1)   (5,404.1)   (18,037.1)   (15,406.7)  
        - Operating costs (6,393.1)   (6,067.0)   (5,450.4)   (18,317.4)   (15,660.1)  
        - Gold inventory change 102.9   93.9   46.3   280.3   253.4  
                       
  Operating profit 5,104.6   5,391.0   5,655.4   15,928.2   14,203.2  
  Amortisation and depreciation (1,591.3)   (1,577.0)   (1,377.4)   (4,690.3)   (3,894.6)  
  Net operating profit 3,513.3   3,814.0   4,278.0   11,237.9   10,308.6  
  Net interest paid (82.5)   (65.0)   (69.0)   (192.2)   (141.4)  
  Share of results of associates after taxation (144.1)   (98.1)   5.0   (224.2)   2.3  
  (Loss)/gain on foreign exchange (66.2)   7.5   72.2   (124.9)   56.2  
  Gain/(loss) on financial instruments 6.9   (7.6)   (0.3)   (1.9)   30.7  
  Share-based payments (168.9)   (193.8)   (121.6)   (506.4)   (366.1)  
  Other (131.8)   (40.3)   (74.3)   (173.2)   (235.2)  
  Exploration (248.9)   (189.5)   (188.5)   (730.4)   (540.5)  
  Feasibility and evaluation costs (59.7)   (119.6)   (48.0)   (255.4)   (92.5)  
  Profit before royalties, taxation and non-recurring items 2,618.1   3,107.6   3,853.5   9,029.3   9,022.1  
  Non-recurring items 93.9   (135.1)   (167.2)   (120.1)   (350.4)  
  Profit before royalties and taxation 2,712.0   2,972.5   3,686.3   8,909.2   8,671.7  
  Royalties (278.3)   (333.1)   (304.5)   (929.5)   (705.5)  
  Profit before taxation 2,433.7   2,639.4   3,381.8   7,979.7   7,966.2  
  Mining and income taxation (933.4)   (959.8)   (1,222.8)   (2,685.0)   (2,869.1)  
        - Normal taxation (732.1)   (845.0)   (841.0)   (2,462.1)   (1,961.5)  
        - Deferred taxation (201.3)   (114.8)   (381.8)   (222.9)   (907.6)  
                       
  Net profit 1,500.3   1,679.6   2,159.0   5,294.7   5,097.1  
  Attributable to:        
        - Owners of the parent 1,424.3   1,606.4   2,054.6   5,112.4   4,421.8  
        - Non-controlling interest 76.0   73.2   104.4   182.3   675.3  
  Non-recurring items        
  Profit on sale of investments 226.2   -   -   226.2   -  
  Profit/(loss) on sale of assets 0.4   0.7   0.4   2.8   (3.3)  
  Restructuring costs (79.9)   (61.9)   (167.4)   (205.1)   (315.0)  
  Impairment of investments and assets (1.6)   (73.9)   (0.2)   (92.8)   (1.4)  
  Other (51.2)   -   -   (51.2)   (30.7)  
  Total non-recurring items 93.9   (135.1)   (167.2)   (120.1)   (350.4)  
  Taxation 39.6   18.6   55.0   76.5   111.0  
  Net non-recurring items after taxation 133.5   (116.5)   (112.2)   (43.6)   (239.4)  
  Net earnings 1,424.3   1,606.4   2,054.6   5,112.4   4,421.8  
  Net earnings per share (cents) 195   220   284   703   612  
  Diluted earnings per share (cents) 194   220   280   701   605  
                       
  Headline earnings 1,199.6   1,680.0   2,054.4   4,977.2   4,425.9  
  Headline earnings per share (cents) 165   230   284   685   613  
  Diluted headline earnings per share (cents) 163   230   281   682   606  
  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 1,476.5   1,819.3   2,111.4   5,466.6   4,589.5  
  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) 202   250   291   752   635  
  Gold sold – managed      kg 25,921   27,407   28,675   80,046   86,821  
  Gold price received        R/kg 439,597   414,642   385,684   424,322   341,045  
  Total cash cost               R/kg 243,143   220,546   192,997   226,825   179,768  

The unaudited consolidated financial statements for the quarter ended 30 September 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.