Randgold Resources > Financials > Quarterly reports > 2008 > Quarterly Report 31 December 2008
Quarterly Report 31 December 2008
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$000 |
2008 |
2008 |
2007 |
2008 |
2007 |
|
REVENUES |
86 329 |
88 528 |
96 708 |
374 110 |
313 421 |
|
Loss on matured hedges |
(8 272) |
(10 245) |
(6 853) |
(35 538) |
(23 580) |
|
Non-cash loss on roll forward of hedges |
- |
- |
(2 277) |
- |
(7 036) |
|
Total revenues |
78 057 |
78 283 |
87 578 |
338 572 |
282 805 |
|
Other income |
810 |
2 722 |
764 |
4 194 |
967 |
|
Total income |
78 867 |
81 005 |
88 342 |
342 766 |
283 772 |
|
COSTS AND EXPENSES |
|
|
|
|
|
|
Mine production costs |
45 478 |
47 946 |
40 921 |
186 377 |
136 312 |
|
Movement in production inventory and ore stockpiles |
(5 096) |
(4 015) |
(4 427) |
(21 865) |
(11 534) |
|
Depreciation and amortisation |
4 245 |
5 698 |
3 421 |
21 333 |
20 987 |
|
Other mining and processing costs |
3 847 |
3 338 |
4 309 |
13 675 |
13 638 |
|
Mining and processing costs |
48 474 |
52 967 |
44 224 |
199 520 |
159 403 |
|
Transport and refinery costs |
396 |
423 |
736 |
2 053 |
1 595 |
|
Royalties |
4 626 |
4 601 |
5 554 |
19 730 |
18 307 |
|
Exploration and corporate expenditure |
10 350 |
8 308 |
12 933 |
45 163 |
35 920 |
|
Other expenses |
363 |
- |
3 950 |
363 |
5 008 |
|
Total costs |
64 209 |
66 299 |
67 397 |
266 829 |
220 233 |
|
|
|
|
|
|
|
|
Finance income |
2 548 |
2 263 |
2 748 |
9 335 |
9 167 |
|
Finance costs |
(352) |
(4 138) |
(1 370) |
(3 338) |
(5 805) |
|
Provision for financial assets |
(1 510) |
(8 840) |
- |
(10 350) |
- |
|
Finance income/(loss) - net |
686 |
(10 715) |
1 378 |
(4 353) |
3 362 |
|
Profit before income tax |
15 344 |
3 991 |
22 323 |
71 584 |
66 901 |
|
Income tax expense |
(6 029) |
(4 675) |
(7 831) |
(24 564) |
(21 273) |
|
Net profit/(loss) |
9 315 |
(684) |
14 492 |
47 020 |
45 628 |
|
Attributable to : |
|
|
|
|
|
|
Equity shareholders |
9 124 |
(1 430) |
13 385 |
41 569 |
42 041 |
|
|
9 315 |
(684) |
14 492 |
47 020 |
45 628 |
|
Basic earnings per share (US$) |
0.12 |
(0.02) |
0.19 |
0.54 |
0.60 |
|
Diluted earnings per share (US$) |
0.12 |
(0.02) |
0.19 |
0.54 |
0.60 |
|
Average shares in issue (000) |
76 470 |
76 341 |
71 591 |
76 300 |
69 589 |
These results are presented as the fourth quarter report and a preliminary announcement of the annual results for the year ending 31 December 2008. They have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB on a basis that is consistent with the accounting policies applied by the group in its audited consolidated financial statements for the year ended 31 December 2007 and which will form the basis of the 2008 annual report.
This announcement has been prepared in accordance with the guidance set out in the Listing Rules of the London Stock Exchange for preliminary announcements and is also in compliance with IAS 34 - Interim Financial Reporting.
Back