Randgold Resources > Financials > Quarterly reports > 2011 > Quarterly Report 30 September 2011
Consolidated Statement of Comprehensive Income
|
|
Quarter |
Quarter |
Quarter |
9 months |
9 months |
|
|
ended |
ended |
ended |
ended |
ended |
|
|
30 Sept |
30 Jun |
30 Sept |
30 Sept |
30 Sept |
|
US$000 |
2011 |
2011 |
2010 |
2011 |
2010 |
|
REVENUES |
|
|
|
|
|
|
Gold sales on spot |
308 822 |
321 161 |
123 830 |
815 612 |
357 487 |
|
Loss on hedging contracts |
- |
- |
(7 995) |
- |
(16 573) |
|
Total revenues |
308 822 |
321 161 |
115 835 |
815 612 |
340 914 |
|
Other income |
3 302 |
- |
8 231 |
5 483 |
17 836 |
|
Total income |
312 124 |
321 161 |
124 066 |
821 095 |
358 750 |
|
COST AND EXPENSES |
|
|
|
|
|
|
Mine production costs |
101 719 |
92 282 |
58 395 |
270 099 |
173 643 |
|
Movement in production inventory |
(382) |
12 584 |
3 540 |
14 481 |
(3 311) |
|
Depreciation and amortisation |
30 435 |
23 032 |
9 350 |
74 836 |
25 611 |
|
Other mining and processing costs |
16 101 |
18 962 |
3 893 |
48 481 |
12 293 |
|
Mining and processing costs |
147 873 |
146 860 |
75 178 |
407 897 |
208 236 |
|
Transport and refining costs |
546 |
273 |
388 |
1 306 |
1 157 |
|
Royalties |
14 611 |
14 028 |
6 569 |
37 783 |
19 584 |
|
Exploration and corporate |
9 298 |
12 226 |
11 850 |
31 810 |
34 841 |
|
Other expenses |
- |
5 035 |
- |
5 034 |
6 596 |
|
Total costs |
172 328 |
178 422 |
93 985 |
483 830 |
270 414 |
|
|
|
|
|
|
|
|
Finance income |
(587) |
(65) |
2 516 |
620 |
1 823 |
|
Finance costs |
(359) |
(192) |
(931) |
(2 026) |
(3 577) |
|
Provision for financial assets |
- |
- |
- |
- |
12 980 |
|
Finance income/(costs) – net |
(946) |
(257) |
1 585 |
(1 406) |
11 226 |
|
Profit before income tax |
138 850 |
142 482 |
31 666 |
335 859 |
99 562 |
|
Income tax expense |
(15 985) |
(14 062) |
(3 511) |
(38 630) |
(11 144) |
|
Profit for the period |
122 865 |
128 420 |
28 155 |
297 229 |
88 418 |
|
Other comprehensive income |
|
|
|
|
|
|
Cash flow hedges |
- |
- |
2 524 |
- |
10 023 |
|
(Loss)/gain on |
(3 332) |
(2 434) |
3 766 |
(8 372) |
5 270 |
|
Other comprehensive income |
(3 332) |
(2 434) |
6 290 |
(8 372) |
15 293 |
|
Total comprehensive income |
119 533 |
125 986 |
34 445 |
288 857 |
103 711 |
|
Profit attributable to: |
|
|
|
|
|
|
Owners of the parent |
106 779 |
113 308 |
23 574 |
261 583 |
76 699 |
|
Non-controlling interests |
16 086 |
15 112 |
4 581 |
35 646 |
11 719 |
|
|
122 865 |
128 420 |
28 155 |
297 229 |
88 418 |
|
Total comprehensive income |
|
|
|
|
|
|
Owners of the parent |
103 447 |
110 874 |
29 864 |
253 211 |
91 992 |
|
Non-controlling interests |
16 086 |
15 112 |
4 581 |
35 646 |
11 719 |
|
|
119 533 |
125 986 |
34 445 |
288 857 |
103 711 |
|
Basic earnings per share (US$) |
1.17 |
1.24 |
0.26 |
2.87 |
0.85 |
|
Diluted earnings per share (US$) |
1.15 |
1.22 |
0.26 |
2.82 |
0.84 |
|
Average shares in issue (000) |
91 444 |
91 130 |
90 837 |
91 222 |
90 511 |
These results are presented as the third quarter report and announcement of the results for this third quarter ended 30 September 2011. They have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union 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 2010 and which will form the basis of the 2011 annual report. This announcement has been prepared in compliance with IAS 34 - Interim Financial Reporting.
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