Randgold Resources > Financials > Quarterly reports > 2006 > Quarterly Report 31 March 2006
Quarterly Report 31 March 2006
CONSOLIDATED INCOME STATEMENT
|
|
|
Quarter |
Quarter |
12 months |
|
|
Quarter |
ended |
ended |
ended |
|
|
ended |
31 Dec |
31 Mar |
31 Dec |
|
|
31 Mar |
2005 |
2005 |
2005 |
|
US$000 |
2006 |
(Restated)+ |
(Restated)+ |
(Restated)+ |
|
REVENUES |
|
|
|
|
|
Gold sales |
67 241 |
60 553 |
31 986 |
151 502 |
|
OTHER INCOME |
|
|
|
|
|
Interest income |
2 049 |
1 067 |
325 |
2 064 |
|
Exchange gains |
2 056 |
25 |
365 |
413 |
|
Other income |
16 |
194 |
1 602 |
1 303 |
|
Total other income |
4 121 |
1 286 |
2 292 |
3 780 |
|
Total revenue |
71 362 |
61 839 |
34 278 |
155 282 |
|
COSTS AND EXPENSES |
|
|
|
|
|
Mine production costs |
27 411 |
26 822 |
15 860 |
66 612 |
|
Movement in production inventory and ore stockpiles |
|
|
|
|
|
(1 296) |
(3 882)+ |
(5 410)+ |
(18 744)+ | |
|
Transfer from/(to) deferred stripping |
- |
- + |
- + |
- + |
|
Depreciation and amortisation |
4 964 |
4 733 |
2 595 |
11 910 |
|
General and administration expenses |
2 874 |
2 724 |
1 442 |
7 438 |
|
Mining and processing costs |
33 953 |
30 397+ |
14 487+ |
67 216+ |
|
Transport and refinery costs |
153 |
162 |
67 |
360 |
|
Royalties |
4 321 |
3 994 |
2 162 |
10 273 |
|
Exploration and corporate expenditure |
7 687 |
7 283 |
5 824 |
24 049 |
|
Loss/(gain) on forward gold sales § |
3 227 |
- |
- |
(45) |
|
Exchange losses |
1 896 |
416 |
- |
2 487 |
|
Other expenses |
- |
1 536 |
- |
801 |
|
Unwind of discount on provisions for rehabilitation |
|
|
|
|
|
84 |
(125) |
117 |
254 | |
|
Interest expense |
1 619 |
997 |
345 |
1 861 |
|
Profit before income tax |
18 422 |
17 179+ |
11 276+ |
48 026+ |
|
Income tax expense |
(5 655) |
(170)+ |
- |
(170)+ |
|
Net profit |
12 767 |
17 009+ |
11 276+ |
47 856+ |
|
Attributable to : |
|
|
|
|
|
Equity shareholders |
11 545 |
14 660+ |
11 276+ |
45 507+ |
|
Minority shareholders |
1 222 |
2 349 |
- |
2 349 |
|
|
12 767 |
17 009+ |
11 276+ |
47 856+ |
|
Basic earnings per share (US$) |
0.17 |
0.22+ |
0.19+ |
0.74+ |
|
Fully diluted earnings per share (US$) |
0.16 |
0.22+ |
0.18+ |
0.71+ |
|
Average shares in issue (000) |
68 131 |
65 311 |
59 394 |
61 702 |
+ Restated due to change in accounting policy relating to deferred stripping. See note on accounting policies.
§ During the quarter, 36 666 ounces of the Loulo forward sales were rolled out longer-dated. Although the revenue was received at the spot price, because we have changed the initial delivery date, these contracts are now deemed speculative. This gives rise to a non-cash charge to the income statement calculated as the difference between the spot price and the strike price of the contract.
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