The preliminary financial statements are presented on a condensed consolidated basis

Income statement

Figures are in millions unless otherwise stated

  UNITED STATES DOLLARS Quarter   Year ended  
    December
2013
  September
2013
  Restated
December
2012
  December
2013
  Restated
December
2012
 
  Revenue 780.7   683.3   954.3   2,906.3   3,530.6  
  Operating costs, net (468.4)   (400.4)   (451.3)   (1,666.9)   (1,651.8)  
      - Operating costs (483.6)   (396.2)   (438.4)   (1,678.7)   (1,673.8)  
      - Gold inventory change 15.2   (4.2)   (12.9)   11.8   22.0  
                 
  Operating profit 312.3   282.9   503.0   1,239.4   1,878.8  
  Amortisation and depreciation (182.8)   (148.4)   (142.4)   (610.9)   (499.2)  
  Net operating profit 129.5   134.5   360.6   628.5   1,379.6  
  Net interest paid (16.4)   (18.3)   (9.4)   (58.6)   (36.0)  
  Share of results of associates after taxation (1.9)   (2.2)   (15.2)   (18.4)   (49.7)  
  (Loss)/gain on foreign exchange (0.6)   (4.7)   1.8   7.3   (13.8)  
  (Loss)/gain on financial instruments (1.3)   5.0   (0.1)   (0.3)   (0.5)  
  Share-based payments (3.2)   (11.7)   (7.3)   (40.5)   (45.5)  
  Other (5.5)   (4.5)   (6.2)   (27.6)   (18.5)  
  Exploration costs (6.9)   (13.8)   (37.5)   (65.9)   (128.5)  
  Feasibility and evaluation costs (10.5)   (12.3)   (12.3)   (47.7)   (44.1)  
  Profit before royalties, taxation and non-recurring items 83.2   72.0   274.4   376.8   1,043.0  
  Non-recurring items (712.7)   (2.2)   (120.3)   (901.5)   (121.2)  
  (Loss)/profit before royalties and taxation (629.5)   69.8   154.1   (524.7)   921.8  
  Royalties (24.5)   (19.6)   (32.5)   (90.5)   (116.7)  
  (Loss)/profit before taxation (654.0)   50.2   121.6   (615.2)   805.1  
  Mining and income taxation 148.5   (38.4)   (70.8)   20.1   (456.6)  
      - Normal taxation (28.3)   (45.9)   (92.5)   (161.3)   (336.6)  
      - Deferred taxation 176.8   7.5   21.7   181.4   (120.0)  
                 
  Net (loss)/profit from continuing operations (505.5)   11.8   50.8   (595.1)   348.5  
  Net (loss)/profit from discontinued operations 16.8   (8.0)*   12.9   287.9   384.9  
  Net (loss)/profit from discontinued operations 3.8   (1.5)   12.9   55.8   384.9  
  Net (loss)/profit on distribution of discontinued operations 13.0   (6.5)   -   232.1   -  
  Net (loss)/profit (488.7)   3.8   63.7   (307.2)   733.4  
  Attributable to:                    
      - Owners of the parent (474.2)   1.4   53.5   (295.7)   701.2  
      - Non-controlling interest (14.5)   2.4   10.2   (11.5)   32.2  
  Non-recurring items:                    
  Profit/(loss) on sale of investments 4.4   13.1   (0.6)   17.8   27.6  
  Profit on sale of assets 1.3   0.2   0.1   1.6   0.3  
  Restructuring costs (20.8)   (5.1)   (35.4)   (39.4)   (50.8)  
  Impairment of stockpiles and consumables (2.3)   -   (19.2)   (61.3)   (19.2)  
  Impairment of investments and assets (670.0)   (9.0)   (67.4)   (748.2)   (79.0)  
  Other (25.3)   (1.4)   2.2   (72.0)   (0.1)  
  Total non-recurring items (712.7)   (2.2)   (120.3)   (901.5)   (121.2)  
  Taxation 183.9   (1.5)   33.2   229.7   38.8  
  Net non-recurring items after tax (528.8)   (3.7)   (87.1)   (671.8)   (82.4)  
  Net (loss)/earnings from continuing operations (491.0)   9.4   40.7   (583.6)   316.6  
  Net (loss)/earnings from discontinued operations 16.8   (8.0)   12.8   287.9   384.8  
  Net (loss)/earnings per share (cents) from continuing operations (66)   1   5   (79)   44  
  Net (loss)/earnings per share (cents) from discontinued operations 2   (1)   2   39   53  
  Diluted (loss)/earnings per share (cents) from continuing operations (66)   1   5   (79)   43  
  Diluted (loss)/earnings per share (cents) from discontinued operations 2   (1)   2   39   53  
                       
  Headline (loss)/earnings from continuing operations (23.0)   8.2   91.0   (71.4)   350.4  
  Headline (loss)/earnings from discontinued operations 3.8   (1.5)   12.9   55.8   384.7  
  Headline (loss)/earnings per share (cents) from continuing operations (3)   1   12   (10)   48  
  Headline earnings per share (cents) from discontinued operations 1   -   3   8   54  
  Diluted headline (loss)/earnings per share (cents) from continuing operations (3)   1   12   (10)   48  
  Diluted headline earnings per share (cents) from discontinued operations 1   -   3   8   54  
  Net earnings excluding gains and losses on foreign exchange, financial instruments and non-recurring items after royalties and taxation – continuing operations 14.3   11.8   126.7   58.4   408.6  
  Net earnings/(loss) per share excluding gains and losses on foreign exchange, financial instruments and non-recurring items after royalties and taxation (cents) – continuing operations 2   2   18   8   56  
  South African rand/United States dollar conversion rate 10.11   9.98   8.67   9.60   8.19  
  South African rand/Australian dollar conversion rate 9.41   9.13   9.00   9.29   8.48  
  Gold sold – managed    oz (000) 617   520   563   2,097   2,133  
  Gold price received       US$/oz 1,265   1,315   1,686   1,386   1,656  
  Total cash cost              US$/oz 776   772   798   803   779  

* Due to conversion at year to date exchange rate.
  Figures may not add as they are rounded independently.
The reviewed consolidated financial statements for the year ended 31 December 2013 have been prepared by the corporate accounting staff of Gold Fields Limited headed by Mrs Tzvet Ilarionova, the Group's Financial Controller. This process was supervised by Mr Paul Schmidt, the Group's Chief Financial Officer.