Gold Fields

RECONCILIATION OF HEADLINE EARNINGS

          United States Dollars
Year ended 
   
   Figures in millions unless otherwise stated 
 
December
2019
(Reviewed)
   December
2018
(Audited)
  
   Net profit/(loss) attributable to owners of the parent   161.6   (348.2)   
   Profit)/loss on disposal of assets   (1.2)   51.6   
   Taxation effect on disposal of assets   0.4   (12.0)   
   Profit on disposal of Maverix1   (33.8)     
   Impairment of South Deep     481.5   
   Gain on acquisition of Asanko     (51.8)   
   Impairment/reversal of FSE impairment   9.6   36.9   
  Impairment of investments and assets and other non-recurring items   35.1   35.6  
   Taxation on impairment of assets and other non-recurring items   (9.0)   (130.4)   
   Non-controlling interest effect on impairment of investments and assets     (2.6)   
   Headline earnings   162.7   60.6   
   Headline earnings per share – cents   20   7   
   Based on headline earnings as given above divided by 827,386,603 (December 2018 – 821,532,707) 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.