Randgold Resources > Financials > Quarterly reports > 2007 > Quarterly Report 31 December 2007
Quarterly Report 31 December 2007
CONSOLIDATED INCOME STATEMENT
|
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
|
|
quarter |
quarter |
quarter |
12 months |
12 months |
|
|
ended |
ended |
ended |
ended |
ended |
|
|
31 Dec |
30 Sep |
31 Dec |
31 Dec |
31 Dec |
|
US$000 |
2007 |
2007 |
2006 |
2007 |
2006 |
|
REVENUES |
96 708 |
75 478 |
73 777 |
313 421 |
274 907 |
|
Gold sales on spot | |||||
|
Loss on matured hedges |
(6 853) |
(4 777) |
(4 920) |
(23 580) |
(12 190) |
|
Non-cash (loss)/profit on roll forward of hedges |
(2 277) |
(2 152) |
287 |
(7 036) |
(4 413) |
|
Total revenues |
87 578 |
68 549 |
69 144 |
282 805 |
258 304 |
|
Other income |
764 |
692 |
64 |
967 |
1 168 |
|
Total income |
88 342 |
69 241 |
69 208 |
283 772 |
259 472 |
|
COSTS AND EXPENSES |
|
|
|
|
|
|
Mine production costs |
40 921 |
33 146 |
29 067 |
136 312 |
115 217 |
|
Movement in production inventory and ore stockpiles |
(4 427) |
(2 895) |
(852) |
(11 534) |
(13 373) |
|
Depreciation and amortisation |
3 421 |
5 673 |
6 532 |
20 987 |
22 844 |
|
Other mining and processing costs |
4 309 |
3 097 |
5 229 |
13 638 |
13 006 |
| Mining and processing costs | 44 224 | 39 021 | 39 976 | 159 403 | 137 694 |
|
Transport and refinery costs |
736 |
316 |
253 |
1 595 |
711 |
|
Royalties |
5 554 |
4 525 |
4 428 |
18 307 |
16 979 |
|
Exploration and corporate expenditure |
12 933 |
7 872 |
7 412 |
35 920 |
28 805 |
|
Other expenses |
3 950 |
- |
2 015 |
5 008 |
3 667 |
|
Total costs |
67 397 |
51 734 |
54 084 |
220 233 |
187 856 |
|
|
|
|
|
|
|
|
Finance income |
2 748 |
2 456 |
2 066 |
9 167 |
8 723 |
|
Finance costs |
(1 370) |
(1 644) |
(1 427) |
(5 805) |
(6 366) |
Finance income - net |
1 378 | 812 | 639 | 3 362 | 2 357 |
|
Profit before income tax |
22 323 |
18 319 |
15 763 |
66 901 |
73 973 |
|
Income tax expense |
(7 831) |
(6 779) |
(4 973) |
(21 273) |
(23 097) |
|
Net profit |
14 492 |
11 540 |
10 790 |
45 628 |
50 876 |
|
Attributable to : |
|
|
|
|
|
|
Equity shareholders |
13 385 |
11 474 |
9 980 |
42 041 |
47 564 |
|
Minority shareholders |
1 107 |
66 | |||
|
|
14 492 |
11 540 |
10 790 |
45 628 |
50 876 |
|
Basic earnings per share (US$) |
0.19 |
0.17 |
0.15 |
0.60 |
0.70 |
|
Diluted earnings per share (US$) |
0.19 |
0.16 |
0.14 |
0.60 |
0.69 |
|
Average shares in issue (000) |
71 591 |
69 082 |
68 695 |
69 589 |
68 392 |
The results have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB on a basis consistent with the annual financial statements.
On 5 February 2007, the board of directors declared an annual dividend of 10 cents per share which resulted in an aggregate dividend payment of US$6.9 million. The dividend was paid in March 2007.
On 31 January 2008, the board of directors approved an annual dividend of 12 cents per share which will result in an aggregate dividend payment of US$9.1 million and is expected to be paid in March 2008.
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