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 2021   June 2020  
Revenue 1,983.6   1,754.3  
Cost of sales (1,146.5)   (1,072.5)  
Cost of sales before amortisation and depreciation (831.6)   (767.4)  
Cost of sales before gold inventory change and amortisation and depreciation (858.2)   (752.6)  
Gold inventory change 26.6   (14.8)  
Amortisation and depreciation (314.9)   (305.1)  
Net interest expense (32.1)   (41.2)  
Share of results of equity-accounted investees, after taxation 16.5   28.5  
(Loss)/gain on foreign exchange (7.4)   12.0  
Loss on financial instruments (53.1)   (275.0)  
Share-based payments (6.4)   (6.7)  
Long-term incentive plan (11.5)   (25.4)  
Other costs, net (32.2)   (27.1)  
Exploration expense (33.4)   (35.9)  
Profit before royalties, taxation and non-recurring items 677.5   311.0  
Non-recurring items 2.8   1.0  
Profit before royalties and taxation 680.3   312.0  
Royalties (54.1)   (47.8)  
Profit before taxation 626.2   264.2  
Mining and income taxation (216.1)   (103.4)  
Normal taxation (192.3)   (152.8)  
Deferred taxation (23.8)   49.4  
Profit for the period 410.1   160.8  
Attributable to:        
Owners of the parent 387.4   155.5  
Non-controlling interests 22.7   5.3  
Diluted profit attributable to owners of the parent 385.0   155.5  
Profit per share (cents) attributable to owners of the parent 44   18  
Diluted profit per share (cents) attributable to owners of the parent 43   18  
Non-IFRS measures and other disclosures        
Non-recurring items:        
Profit on disposal of property, plant and equipment 8.9   0.3  
Restructuring costs (1.3)   (0.8)  
Salares VAT   19.6  
COVID-19 donations (1.4)   (2.2)  
Impairment of FSE (3.8)   (1.6)  
Impairment of investments and assets (0.4)   (9.8)  
Other 0.8   (4.5)  
Total non-recurring items 2.8   1.0  
Taxation on items above (1.7)   4.0  
Non-recurring items after tax 1.1   5.0  
Headline earnings attributable to owners of the parent 395.5   173.4  
Diluted headline earnings attributable to owners of the parent 393.1   173.4  
Headline earnings per share (cents) attributable to owners of the parent 45   20  
Diluted headline earnings per share (cents) attributable to owners of the parent 44   20  
Normalised profit attributable to owners of the parent 430.5   323.4  
Normalised profit per share (cents) attributable to owners of the parent 49   37  
US Dollar/South African Rand conversion rate 14.54   16.50  
Australian Dollar/US Dollar conversion rate 0.77   0.66  

Figures may not add as they are rounded independently.

The consolidated financial statements for the six months ended 30 June 2021 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.