The financial statements are presented on a condensed consolidated basis

Income statement

Figures are in millions unless otherwise stated

	UNITED STATES DOLLARS
		Quarter		Six months to
	June 2015	March 2015	June 2014	June 2015	June 2014
Revenue	660.4	609.8	747.0	1,270.2	1,461.6
Operating costs, net	(382.2)	(366.0)	(435.9)	(748.2)	(858.6)
– Operating costs	(358.6)	(355.5)	(424.5)	(714.1)	(854.7)
– Gold inventory change	(23.6)	(10.5)	(11.4)	(34.1)	(3.9)

Operating profit	278.2	243.8	311.1	522.0	603.0
Amortisation and depreciation	(141.5)	(141.0)	(174.6)	(282.5)	(333.3)
Net operating profit	136.7	102.8	136.5	239.5	269.7
Net interest paid	(15.2)	(19.1)	(18.8)	(34.3)	(37.7)
Share of equity accounted earnings after taxation	(1.3)	(2.7)	(0.9)	(4.0)	(1.5)
(Loss)/gain on foreign exchange	(1.8)	1.9	0.8	0.1	1.0
Gain/(loss) on financial instruments	1.7	(2.5)	(0.1)	(0.8)	(0.1)
Share-based payments	(3.0)	(3.1)	(5.0)	(6.1)	(16.1)
Long-term employee benefits	(0.3)	(3.1)	(3.9)	(3.4)	(3.9)
Other	(8.6)	(10.1)	(12.0)	(18.7)	(23.3)
Exploration and project costs	(19.3)	(13.4)	(14.7)	(32.7)	(26.6)
Profit before royalties, taxation and non-recurring items	88.9	50.7	81.9	139.6	161.5
Non-recurring items	(10.8)	(0.3)	(8.2)	(11.1)	(34.9)
Profit before royalties and taxation	78.1	50.4	73.7	128.5	126.6
Royalties	(21.2)	(18.3)	(21.8)	(39.5)	(43.8)
Profit before taxation	56.9	32.1	51.9	89.0	82.8
Mining and income taxation	(42.5)	(44.3)	(29.6)	(86.8)	(58.3)
– Normal taxation	(36.9)	(26.8)	(24.1)	(63.7)	(42.0)
– Deferred taxation	(5.6)	(17.5)	(5.5)	(23.1)	(16.3)
Net profit/(loss)	14.4	(12.2)	22.3	2.2	24.5
Attributable to:
– Owners of the parent	11.7	(13.9)	19.5	(2.2)	19.2
– Non-controlling interest	2.7	1.7	2.8	4.4	5.3
Non-recurring items:
Loss on sale of investments	-	-	(0.8)	-	(0.8)
Profit/(loss) on sale of assets	-	1.8	(2.6)	1.8	(2.6)
Restructuring costs	(3.0)	(1.5)	(2.2)	(4.5)	(20.8)
Impairment of investments and assets	(7.6)	(0.8)	4.5	(8.4)	(0.6)
Other	(0.2)	0.2	(7.1)	-	(10.1)
Total non-recurring items	(10.8)	(0.3)	(8.2)	(11.1)	(34.9)
Taxation	1.0	(0.1)	2.9	0.9	9.6
Net non-recurring items after tax	(9.8)	(0.4)	(5.3)	(10.2)	(25.3)
Net earnings/(loss)	11.7	(13.9)	19.5	(2.2)	19.2
Net earnings/(loss) per share (cents)	2	(2)	2	-	2
Diluted earnings/(loss) per share (cents)	2	(2)	2	-	2

Headline earnings/(loss)	19.4	(14.3)	17.6	5.1	22.4
Headline earnings/(loss) per share (cents)	3	(2)	2	1	3
Diluted headline earnings/(loss) per share (cents)	3	(2)	2	1	3
Net earnings/(loss) excluding gains and losses on foreign exchange, financial instruments and non-recurring items after royalties and taxation	21.5	(13.3)	24.6	8.2	45.1
Net earnings/(loss) per share excluding gains and losses on foreign exchange, financial instruments and non-recurring items after royalties and taxation (cents)	3	(2)	3	1	6
South African rand/United States dollar conversion rate	12.06	11.71	10.53	11.89	10.69
United States dollar/Australian dollar conversion rate	0.78	0.79	0.93	0.78	0.92
Gold equivalent sold – managed eq oz (000)	562	509	586	1,071	1,143
Gold equivalent price received US$/eq oz	1,174	1,198	1,275	1,186	1,279

Figures may not add as they are rounded independently.

The unaudited consolidated financial statements for the quarter ended 30 June 2015 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.