Key Financial Data

STATEMENT OF OPERATIONS US$ 2016 $m 2015 $m 2014 $m 2013 $m 2012 $m
Gold sales 628.6 508.0 563.3 553.6 385.4
Cost of sales, excluding depreciation and amortisation (292.5) (265.1) (289.9) (260.7) (226.0)
General & Administration (8.0) (8.5)
Foreign Currency Exchange Gain/(Loss) 2.1 (2.8) 1.7 1.3 (1.0)
Gain on sale of available-for-sale assets (49.5)
Other income (expense) 2.8 (1.3) (0.8) (3.4) 1.1
Earnings before interest, tax, depreciation & amortisation (EBITDA) (excluding gain/(loss) on undesignated hedges and impairment) 283.6 193.5 239.8 262.4 144.6
Depreciation and amortisation (122.6) (125.0) (129.6) (129.3) (91.4)
Net interest expense (9.4) (12.1) (11.2) (27.0) (21.5)
Earnings/(loss) before income tax and gain/(loss) on undesignated hedges and impairment 151.7 56.5 99.0 106.1 31.7
Tax on earnings / loss (17.7) 0.4 13.1 (13.3) (11.4)
Earnings/(loss) after income tax and before gain/(loss) on undesignated hedges before impairment 134 56.9 112.2 92.8 20.3
Impairment charge (193.3)
Gain/(loss) on fair value of undesignated hedges 4.1 (5.4) (0.9) (2.1) 0.5
Tax (expense)/benefit on gain/loss on undesignated hedges (1.1) 1.5 0.2 54.7 (0.2)
Share of profit/(loss) from equity accounted associates (0.4)
Net earnings/(loss) 136.5 53.1 111.5 (47.9) 20.7
Basic earnings/ (loss) per share $0.22 $0.14 $0.37 $(0.16) $0.08
Diluted earnings/ (loss) per share $0.22 $0.14 $0.36 $(0.16) $0.08
CASH FLOW
Cash flows from Operating Activities 232 171.4 215.0 159.4 115.3
Cash flows used in Investing Activities (463) (125.5) (109.4) (158.8) (294.5)
Cash flows from /(used in) Financing Activities 112 89.9 (75.4) (83.2) 108.9

 

BALANCE SHEET US$ As at Dec 31 2016 $m As at Dec 31 2015 $m As at Dec 31 2014 $m As at Dec 31 2013 $m As at Dec 31 2012 $m
Cash and cash equivalents 68.9 185.5 51.2 24.8 96.5
Other Current Assets 119.8 138.1 126.1 126.4 89.3
Non Current Assets 1,727.1 1,220.3 741.9 745.6 845.9
Total Assets 1,915.7 1,543.9 919.2 896.8 1,031.7
Current Liabilities 240.9 135.5 85.5 129.5 119.4
Non Current Liabilities 339.6 268.6 138.3 175.6 222.4
Total Liabilities 580.5 404.1 223.7 305.1 421.8
Total Shareholders’ Equity 1,335.3 1,139.8 695.5 591.7 609.9