Financial Summary

 Key Financial Data

STATEMENT OF OPERATIONS US$

2013

$m

2012

$m

2011
$m

2010
$m

 2009
$m

Gold sales

553.6

385.4

395.6

305.6

237.1

Cost of sales, excluding depreciation and amortisation

(260.7)

(226.0)

(216.8)

(150.7)

(121.3)

General & Administration

(28.4)

(14.9)

(14.5)

(13.8)

(9.2)

Foreign Currency Exchange Gain/(Loss)

1.3

(1.0)

0.3

(1.0)

(0.0)

Other income (expense)

(3.4)

1.1

(0.7)

(0.7)

(0.4)

Earnings before interest, tax, depreciation & amortisation (EBITDA) (excluding gain/(loss) on undesignated hedges and impairment)

262.4

144.6

163.9

139.5

106.2

Depreciation and amortisation

(129.3)

(91.4)

(85.8)

(69.3)

(66.2)

Net interest expense

(27.0)

(21.5)

(12.9)

(14.8)

(14.4)

Earnings/(loss) before income tax and gain/(loss) on undesignated hedges and impairment

106.1

31.7

65.2

55.4

25.6

Tax on earnings / loss

(13.3)

(11.4)

(21.0)

(22.6)

(11.9)

Earnings/(loss) after income tax and before gain/(loss) on undesignated hedges before impairment

92.8

20.3

44.2

32.8

13.7

Impairment charge

(193.3)

-

-

-

-

Gain / (loss) on fair value of undesignated hedges

(2.1)

0.5

-

16.2

58.2

Tax on (gain)/loss on undesignated hedges and impairment

54.7

(0.2)

-

(4.5)

(17.5)

Net earnings/(loss)

(47.9)

20.7

44.2

44.4

54.5

Basic earnings/ (loss) per share

$(0.16)

$0.08

$0.17

$0.20

$0.32

Diluted earnings/ (loss) per share

$(0.16)

$0.08

$0.17

$0.20

$0.29

CASH FLOW

 

 

 

 

 

Cash flows from Operating Activities

159.4

115.3

154.6

52.3

94.2

Cash flows from Investing Activities

(158.8)

(294.5)

(146.6)

(107.8)

(71.0)

Cash flows from Financing Activities

(83.2)

108.9

(16.1)

186.8

2.9

 

BALANCE SHEET US$

As at
Dec 31

2013 $m

As at
Dec 31

2012 $m

As at
Dec 31

2011 $m 

As at
Dec 31

2010 $m

As at
Dec 31

2009 $m

Cash and cash equivalents

24.8

96.5

170.0

181.3

  42.4

Other Current Assets

126.4

89.3

56.5

  47.3

  30.1

Non Current Assets

745.6

845.9

591.2

477.6

433.5

Total Assets

896.8

1,031.7

817.6

706.2

506.0

Current Liabilities

(129.5)

(119.4)

(123.6)

(63.1)

(185.0

Non Current Liabilities

(175.6)

(222.4)

(215.8)

(210.0)

(138.7)

Total Liabilities

(305.1)

(421.8)

(339.4)

(273.1)

(323.7)

Total Shareholders’ Equity

591.7

609.9

478.2

433.1

182.3

 

 

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