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(Loss)/Earnings Per Share
 12 Months Ended
Dec. 31, 2014
(Loss)/Earnings Per Share
8. (LOSS)/EARNINGS PER SHARE

 

     Fiscal Year Ended December 31,  
         2014              2013              2012      

BASIC (LOSS)/EARNINGS PER SHARE

         

Net (loss)/income attributable to Gold Fields shareholders

         

- Continuing operations

      (27.2 )       (268.4 )       292.1   

- Discontinued operations *

      —           20.5         362.2   
  

 

 

     

 

 

     

 

 

  
     (27.2 )       (247.9 )       654.3   
  

 

 

     

 

 

     

 

 

  

Weighted average number of shares - continuing operations

         

Shares outstanding - beginning of year

      767,160,263         729,536,813         723,735,186   

Weighted average number of shares issued

      1,981,608         13,069,913         3,724,271   
  

 

 

     

 

 

     

 

 

  

Weighted average number of shares issued at the end of the year

      769,141,871         742,606,726         727,459,457   
  

 

 

     

 

 

     

 

 

  

Basic (loss)/earnings per share

         

- Continuing operations

      (0.04 )       (0.36 )       0.40   

- Discontinued operations *

      —           0.03         0.50   

 

  * Basic earnings per share from discontinued operations

Basic earnings per share is calculated by dividing the profit attributable to ordinary shareholders from discontinued operations of $nil (fiscal 2013: $20.5 million and fiscal 2012: $362.2 million) by the weighted average number of ordinary shares in issue in fiscal 2014 of 769,141,871 (fiscal 2013: 742,606,726 and fiscal 2012: 727,459,457).

 

     Fiscal Year Ended December 31,  
         2014              2013              2012      

DILUTED (LOSS)/EARNINGS PER SHARE

         

Net (loss)/income attributable to Gold Fields shareholders

         

- Continuing operations

      (27.2 )       (268.4 )       292.1   

- Discontinued operations *

      —           20.5         362.2   
  

 

 

     

 

 

     

 

 

  
     (27.2 )       (247.9 )       654.3   
  

 

 

     

 

 

     

 

 

  

Weighted average number of shares - continuing operations

         

Weighted average number of shares issued at the end of the year

      769,141,871         742,606,726         727,459,457   

Effect of dilutive securities 1

      —           —           3,264,493   
  

 

 

     

 

 

     

 

 

  
     769,141,871         742,606,726         730,723,950   
  

 

 

     

 

 

     

 

 

  

Diluted (loss)/earnings per share

         

- Continuing operations

      (0.04 )       (0.36 )       0.40   

- Discontinued operations *

      —           0.03         0.50   

 

  * Diluted earnings per share from discontinued operations

Diluted earnings per share is calculated on the basis of profit attributable to ordinary shareholders from discontinued operations of $nil (fiscal 2013: $20.5 million and fiscal 2012: $362.2 million) and 769,141,871 shares, being the diluted number of ordinary shares in issue in fiscal 2014 (fiscal 2013: 742,606,726 and fiscal 2012: 730,723,950).

 

  (1) Dilutive securities comprise the dilutive effect of share options. Refer note 18 for details of share option schemes. In fiscal 2014 and 2013, due to the loss from continuing operations, the effect of dilutive securities was not considered in the dilutive earnings per share calculation.