The financial statements are presented on a condensed consolidated basis

Income statement

Figures are in millions unless otherwise stated

UNITED STATES DOLLARS		Quarter
UNITED STATES DOLLARS	March 2014	December 2013	March 2013
Revenue	714.6	780.7	805.2
Operating costs, net	(422.7)	(468.4)	(401.2)
- Operating costs	(430.2)	(483.6)	(401.9)
- Gold inventory change	7.5	15.2	0.8

Operating profit	291.9	312.3	404.0
Amortisation and depreciation	(158.7)	(182.8)	(136.5)
Net operating profit	133.2	129.5	267.5
Net interest paid	(18.9)	(16.4)	(10.3)
Share of equity accounted earnings after taxation	(0.6)	(1.9)	(9.1)
Gain/(loss) on foreign exchange	0.2	(0.6)	(0.1)
Loss on financial instruments	-	(1.3)	-
Share-based payments	(11.1)	(3.2)	(13.2)
Other	(11.3)	(5.5)	(9.4)
Exploration costs	(11.9)	(6.9)	(23.7)
Feasibility and evaluation costs	-	(10.5)	(13.3)
Profit before royalties, taxation and non-recurring items	79.6	83.2	188.6
Non-recurring items	(26.7)	(712.7)	(43.8)
Profit/(loss) before royalties and taxation	52.9	(629.5)	144.8
Royalties	(22.0)	(24.5)	(27.8)
Profit/(loss) before taxation	30.9	(654.0)	117.0
Mining and income taxation	(28.7)	148.5	(82.5)
- Normal taxation	(17.9)	(28.3)	(74.3)
- Deferred taxation	(10.8)	176.8	(8.3)

Net profit/(loss) from continuing operations	2.2	(505.5)	34.5
Net profit from discontinued operations	-	16.8*	287.3
Net profit from discontinued operations	-	3.8	55.1
Net profit on distribution of discontinued operations	-	13.0	232.2
Net profit/(loss)	2.2	(488.7)	321.8
Attributable to:
- Owners of the parent	(0.3)	(474.2)	313.8
- Non-controlling interest	2.5	(14.5)	8.0
Non-recurring items:
Profit on sale of investments	-	4.4	-
Profit on sale of assets	-	1.3	0.1
Restructuring costs	(18.6)	(20.8)	(5.3)
Impairment of stockpiles and consumables	-	(2.3)	-
Impairment of investments and assets	(5.1)	(670.0)	(1.4)
Other	(3.0)	(25.3)	(37.2)
Total non-recurring items	(26.7)	(712.7)	(43.8)
Taxation	6.7	183.9	1.9
Net non-recurring items after tax	(20.0)	(528.8)	(41.8)
Net (loss)/earnings from continuing operations	(0.3)	(491.0)	26.5
Net earnings from discontinued operations	-	16.8	287.3
Net (loss)/earnings per share (cents) from continuing operations	-	(66)	4
Net earnings per share (cents) from discontinued operations	-	2	39
Diluted (loss)/earnings per share (cents) from continuing operations	-	(66)	4
Diluted earnings per share (cents) from discontinued operations	-	2	39

Headline earnings/(loss) from continuing operations	4.8	(23.0)	27.6
Headline earnings from discontinued operations	-	3.8	55.1
Headline earnings/(loss) per share (cents) from continuing operations	1	(3)	4
Headline earnings per share (cents) from discontinued operations	-	1	7
Diluted headline earnings/(loss) per share (cents) from continuing operations	1	(3)	4
Diluted headline earnings per share (cents) from discontinued operations	-	1	7
Net earnings excluding gains and losses on foreign exchange, financial instruments and non-
recurring items after royalties and taxation – continuing operations	20.5	14.3	68.3
Net earnings per share excluding gains and losses on foreign exchange, financial instruments and
non-recurring items after royalties and taxation (cents) – continuing operations	3	2	9
South African rand/United States dollar conversion rate	10.85	10.11	8.89
South African rand/Australian dollar conversion rate	9.70	9.41	9.22
Gold sold – managed oz (000)	557	617	495
Gold price received US$/oz	1,283	1,265	1,625

* Due to conversion at year to date exchange rate.
Figures may not add as they are rounded independently.

The unaudited consolidated financial statements for the quarter ended 31 March 2014 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.