Gold Fields

RECONCILIATION OF HEADLINE EARNINGS

  United States Dollars
  Six months ended
Figures in millions unless otherwise stated June
2020
  June
2019
 
Net profit attributable to owners of the parent 155.5    70.5   
Profit on disposal of assets (0.3)   (0.1)  
Taxation effect on disposal of assets 0.1    —   
Profit on disposal of Maverix1 —    (33.8)  
Impairment/(reversal) of FSE impairment 1.6    (9.6)  
Impairment of investments and assets2 25.4    18.5   
Taxation on impairment of investments and assets2 (8.2)   —   
Non-controlling interest effect on impairment of investments and assets (0.7)   (5.6)  
Headline earnings 173.4    39.9   
Headline earnings per share – cents 20     
Based on headline earnings as given above divided by 873,849,687 (June 2019 – 826,085,128) being the weighted average number of ordinary shares in issue.    
1 Profit on disposal of Maverix of US$14.6m under non-recurring items comprises profit on disposal of associate of US$33.8m, partially offset by a loss on derecognition of the investment in Maverix designated at fair value through profit or loss of US$19.2m.
2 Includes write-off of exploration and evaluation assets in Australia.