The preliminary financial statements are presented on a condensed consolidated basis
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United States Dollars
Year ended |
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| |
Figures are in millions unless otherwise stated |
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|
|
|
|
|
|
|
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Revenue |
|
2,577.8 |
|
2,761.8 |
|
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Cost of sales |
|
(2,043.0) |
|
(2,105.1) |
|
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Cost of sales before amortisation and depreciation |
|
(1,374.6) |
|
(1,357.0) |
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– Cost of sales before gold inventory change and amortisation and depreciation |
|
(1,390.8) |
|
(1,426.5) |
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– Gold inventory change |
|
16.2 |
|
69.5 |
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– Amortisation and depreciation |
|
(668.4) |
|
(748.1) |
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Net interest expense |
|
(66.5) |
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(62.7) |
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Share of results of equity accounted investees after taxation |
|
(13.1) |
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(1.3) |
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Gain/(loss) on foreign exchange |
|
6.4 |
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(3.5) |
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Gain on financial instruments |
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21.0 |
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34.4 |
|
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Share-based payments |
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(37.5) |
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(26.8) |
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Long-term incentive plan |
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(1.1) |
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(5.0) |
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Other costs, net |
|
(54.9) |
|
(43.7) |
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Exploration and project expenses |
|
(104.2) |
|
(109.8) |
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Profit before royalties, taxation and non-recurring items |
|
284.9 |
|
438.3 |
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Non-recurring items |
|
(633.1) |
|
(223.9) |
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(Loss)/profit before royalties and taxation |
|
(348.2) |
|
214.4 |
|
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Royalties |
|
(62.5) |
|
(62.0) |
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(Loss)/profit before taxation |
|
(410.7) |
|
152.4 |
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Mining and income taxation |
|
65.9 |
|
(173.2) |
|
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– Normal taxation |
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(145.7) |
|
(204.7) |
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– Deferred taxation |
|
211.6 |
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31.5 |
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Loss from continuing operations |
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(344.8) |
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(20.8) |
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Profit from discontinued operations, net of tax |
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– |
|
13.1 |
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Loss for the year |
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(344.8) |
|
(7.7) |
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Attributable to: |
|
|
|
|
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– Owners of the parent |
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(348.2) |
|
(18.7) |
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– Non-controlling interest |
|
3.4 |
|
11.0 |
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Non-recurring items: |
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|
|
|
|
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Loss on sale of inventory |
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(8.9) |
|
– |
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(Loss)/profit on sale of assets |
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(51.6) |
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4.0 |
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Restructuring costs |
|
(113.9) |
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(9.2) |
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Silicosis provision adjusted/(raised) |
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4.5 |
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(30.2) |
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Impairment of South Deep |
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(481.5) |
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(277.8) |
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Reversal of impairments |
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– |
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92.4 |
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Impairment of investments and assets |
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(38.8) |
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(14.8) |
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Gain on acquisition of Asanko |
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51.8 |
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– |
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Other |
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5.3 |
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11.7 |
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Total non-recurring items |
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(633.1) |
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(223.9) |
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Taxation on items above |
|
171.1 |
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(3.7) |
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Non-recurring deferred taxation items (non-cash) |
|
61.5 |
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6.2 |
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Net non-recurring items after tax |
|
(400.5) |
|
(221.4) |
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Loss from continuing operations attributable to owners of the parent |
|
(348.2) |
|
(31.8) |
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Loss per share (cents) from continuing operations attributable to owners of the parent |
|
(42) |
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(4) |
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Diluted loss per share (cents) from continuing operations attributable to owners of the parent |
|
(42) |
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(4) |
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Profit from discontinued operations attributable to owners of the parent |
|
– |
|
13.1 |
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Profit per share (cents) from discontinued operations attributable to owners of the parent |
|
– |
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2 |
|
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Diluted profit per share (cents) from discontinued operations |
|
– |
|
2 |
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Headline earnings from continuing operations attributable to owners of the parent |
|
60.6 |
|
212.3 |
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Headline earnings per share (cents) from continuing operations attributable to owners of the parent |
|
7 |
|
26 |
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Diluted headline earnings per share (cents) from continuing operations attributable to owners of the parent |
|
7 |
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26 |
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Headline loss from discontinued operations attributable to owners of the parent |
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– |
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(2.4) |
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Diluted headline loss per share (cents) from discontinued operations attributable to owners ofs the parent |
|
– |
|
– |
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Profit excluding gains and losses on foreign exchange, financial instruments and non-recurring items after taxation and non-controlling interest – continuing operations |
|
26.9 |
|
157.3 |
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Profit per share excluding gains and losses on foreign exchange, financial instruments and non-recurring items after taxation and non-controlling interest (cents) – continuing operations |
|
3 |
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19 |
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Loss excluding gains and losses on foreign exchange, financial instruments and non-recurring items after taxation and non-controlling interest – discontinued operations |
|
– |
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(3.5) |
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Loss per share excluding gains and losses on foreign exchange, financial instruments and non-recurring items after taxation and non-controlling interest (cents) – discontinued operations |
|
– |
|
– |
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US dollar/South African rand conversion rate |
|
13.20 |
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13.33 |
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US dollar/Australian dollar conversion rate |
|
0.75 |
|
0.77 |
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Gold equivalent produced – managed continuing operations eq oz (000) |
|
2,063 |
|
2,193 |
|
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Gold equivalent produced – managed discontinued operation eq oz (000) |
|
– |
|
39 |
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Gold equivalent price received US$/eq oz |
|
1,251 |
|
1,255 |
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Figures may not add as they are rounded independently.
The condensed consolidated financial statements have been prepared by the corporate accounting staff of Gold Fields Limited headed by Tzvet Ilarionova, the Group's Financial Controller. This process was supervised by Paul Schmidt, the Group's Chief Financial Officer.
