Gold Fields

The financial statements are presented on a condensed consolidated basis

INCOME STATEMENT

  United States Dollars
Six months ended
 
Figures in millions unless otherwise stated June
2020
  June
2019
 
Revenue 1,754.3    1,378.5   
Cost of sales (1,072.5)   (986.4)  
Cost of sales before amortisation and depreciation (767.4)   (694.5)  
Cost of sales before gold inventory change and amortisation and depreciation (752.6)   (700.1)  
Gold inventory change (14.8)   5.6   
Amortisation and depreciation (305.1)   (291.9)  
Net Interest expense (41.2)   (30.9)  
Share of results of equity accounted investees, after taxation 28.5    (0.5)  
Gain/(loss) on foreign exchange 12.0    (0.1)  
Loss on financial instruments (275.0)   (109.4)  
Share-based payments (6.7)   (11.2)  
Long-term incentive plan (25.4)   (5.8)  
Other costs, net (27.1)   (35.9)  
Exploration and project expenses (35.9)   (43.5)  
Profit before royalties, taxation and non-recurring items 311.0    154.8   
Non-recurring items 1.0    19.0   
Profit before royalties and taxation 312.0    173.8   
Royalties (47.8)   (33.6)  
Profit before taxation 264.2    140.2   
Mining and income taxation (103.4)   (61.5)  
Normal taxation (152.8)   (82.9)  
Deferred taxation 49.4    21.4   
Profit for the period 160.8    78.7   
Attributable to:        
Owners of the parent 155.5    70.5   
Non-controlling interest 5.3    8.2   
Profit per share (cents) attributable to owners of the parent 18     
Diluted profit per share (cents) attributable to owners of the parent 18     
Non IFRS measures and other disclosures        
Non-recurring items:        
Profit on disposal of Maverix —    14.6   
Profit on disposal of assets 0.3    0.1   
Restructuring costs (0.8)   (0.3)  
Salares VAT 19.6    —   
Covid-19 donations (2.2)   —   
Loss on buy-back of bond —    (5.0)  
(Impairment)/reversal of impairment of FSE (1.6)   9.6   
Impairment of investments and assets (9.8)   —   
Other (4.5)   —   
Total non-recurring items 1.0    19.0   
Taxation on items above 4.0    0.1   
Non-recurring items after tax 5.0    19.1   
Headline earnings attributable to owners of the parent 173.4    39.9   
Headline earnings per share (cents) attributable to owners of the parent 20     
Diluted headline earnings per share (cents) attributable to owners of the parent 20     
Normalised profit attributable to owners of the parent 323.4    126.2   
Normalised profit per share (cents) attributable to owners of the parent 37    15   
US Dollar/South African Rand conversion rate 16.50    14.22   
Australian Dollar/US Dollar conversion rate 0.66    0.71   

Figures may not add as they are rounded independently.

The consolidated financial statements for the six months ended 30 June 2020 have been prepared by the corporate accounting staff of Gold Fields Limited headed by Tzvet Ilarionova, the Group Financial Controller. This process was supervised by Paul Schmidt, the Group Chief Financial Officer.