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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Details of Earnings Per Share
 
 
  
 
  
UNITED STATES DOLLAR
 
 
 
  
 
  
2019
 
  
2018
 
  
2017
 
 
10.
 
  
EARNINGS PER SHARE
  
   
  
   
  
   
 
10.1
 
  
Basic earnings/(loss) per share from continuing operations - cents
  
 
20
 
  
 
(42
) 
  
 
(4
) 
   
  
Basic earnings/(loss) per share is calculated by dividing the profit attributable to owners of the parent from continuing operations of US$161.6 million (2018: loss of US$348.2 million and 2017: loss of US$31.8 million) by the weighted average number of ordinary shares in issue during the year of 827,386,603 (2018: 821,532,707 and 2017: 820,611,806).
  
   
  
   
  
   
   
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
10.2
 
  
Basic earnings per share from discontinued operations - cents
  
 
—  
 
  
 
—  
 
  
 
2
 
   
  
Basic earnings per share is calculated by dividing the profit attributable to owners of the parent from discontinued operations of US$nil (2018: US$nil and 2017: US$13.1 million) by the weighted average number of ordinary shares in issue during the year of 827,386,603 (2018: 821,532,707 and 2017: 820,611,806).
  
   
  
   
  
   
   
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
10.3
 
  
Diluted earnings/(loss) per share from continuing operations - cents
  
 
19
 
  
 
(42
) 
  
 
(4
) 
   
  
Diluted earnings/(loss) per share is calculated on the basis of profit attributable to owners of the parent from continuing operations of US$161.6 million (2018: loss of US$348.2 million and 2017: loss of US$31.8 million) and 839,234,102 (2018: 832,465,491 and 2017: 826,920,421) shares being the diluted number of ordinary shares in issue during the year.
  
   
  
   
  
   
   
  
The weighted average number of shares has been adjusted by the following to arrive at the diluted number of ordinary shares:
  
   
  
   
  
   
   
  
Weighted average number of shares
  
 
827,386,603
 
  
 
821,532,707
 
  
 
820,611,806
 
   
  
Share options in issue
  
 
11,847,499
 
  
 
10,932,784
 
  
 
6,308,615
 
   
  
 
  
 
 
 
  
 
 
 
  
 
 
 
   
  
Diluted number of ordinary shares
  
 
839,234,102
 
  
 
832,465,491
 
  
 
826,920,421
 
   
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
10.4
 
  
Diluted earnings per share from discontinued operations - cents
  
 
—  
 
  
 
—  
 
  
 
2
 
   
  
Diluted earnings per share is calculated on the basis of profit attributable to owners of the parent from discontinued operations of US$nil (2018: US$nil and 2017: US$13.1 million) and 839,234,102 (2018: 832,465,491 and 2017: 826,920,421) shares being the diluted number of ordinary shares in issue during the year.
  
   
  
   
  
   
 
10.5
 
  
Headline earnings per share from continuing operations - cents
  
 
20
 
  
 
7
 
  
 
26
 
   
  
Headline earnings per share is calculated on the basis of adjusted net profit attributable to owners of the parent from continuing operations of US$162.7 million (2018: US$60.6 million and 2017: US$212.3 million) and 827,386,603 (2018: 821,532,707 and 2017: 820,611,806) shares being the weighted average number of ordinary shares in issue during the year.
  
   
  
   
  
   
   
  
Net profit/(loss) attributable to owners of the parent from continuing operations is reconciled to headline earnings as follows:
  
   
  
   
  
   
   
  
Long-form headline earnings reconciliation
  
   
  
   
  
   
   
  
Profit/(loss) attributable to owners of the parent from continuing operations
  
 
161.6
 
  
 
(348.2
) 
  
 
(31.8
) 
   
  
Loss/(profit) on disposal of assets, net
  
 
(0.8
) 
  
 
37.0
 
  
 
(2.6
) 
   
  
Gross
  
 
(1.2
) 
  
 
51.6
 
  
 
(4.0
) 
   
  
Taxation effect
  
 
0.4
 
  
 
(12.0
) 
  
 
1.2
 
   
  
Non-controlling
interest effect
  
 
—  
 
  
 
(2.6
) 
  
 
0.2
 
   
  
Impairment, reversal of impairment and
write-off
of investments and assets and other, net
  
 
1.9
 
  
 
371.8
 
  
 
246.7
 
   
  
Impairment, net of reversal of impairment of investments and assets
  
 
9.8
 
  
 
520.3
 
  
 
200.2
 
   
  
Write-off
of exploration and evaluation assets
  
 
30.0
 
  
 
37.7
 
  
 
51.5
 
   
  
Profit on disposal of Maverix (2018: profit on dilution of Gold Fields’ interest in Maverix)
  
 
(33.8
) 
  
 
(4.0
) 
  
 
—  
 
   
  
Gain on acquisition of Asanko
  
 
—  
 
  
 
(51.8
) 
  
 
—  
 
   
  
Release of foreign exchange reserve on disposal of subsidiary
  
 
4.6
 
  
 
—  
 
  
 
—  
 
   
  
Loss on disposal of subsidiary
  
 
0.3
 
  
 
—  
 
  
 
—  
 
   
  
Taxation effect
  
 
(9.0
) 
  
 
(130.4
) 
  
 
(4.3
) 
   
  
Non-controlling
interest effect
  
 
—  
 
  
 
—  
 
  
 
(0.7
) 
   
  
 
  
 
 
 
  
 
 
 
  
 
 
 
   
  
Headline earnings
  
 
162.7
 
  
 
60.6
 
  
 
212.3
 
   
  
 
  
 
 
 
  
 
 
 
  
 
 
 
10.6
  
Headline earnings per share from discontinued operations - cents
  
 
—  
 
  
 
—  
 
  
 
—  
 
 
  
Headline earnings per share is calculated on the basis of headline loss attributable to owners of the parent from discontinued operations of US$nil (US$nil and 2017: loss of US$2.4 million) and 827,386,603 (2018: 821,532,707 and 2017: 820,611,806) shares being the weighted average number of ordinary shares in issue during the year.
  
   
  
   
  
   
 
  
Net profit attributable to owners of the parent from discontinued operations is reconciled to headline loss as follows:
  
   
  
   
  
   
 
  
Long-form headline loss reconciliation
  
   
  
   
  
   
 
  
Profit attributable to owners of the parent from discontinued operations
  
 
—  
 
  
 
—  
 
  
 
13.1
 
 
  
Impairment and
write-off
of investments and assets and other, net
  
 
—  
 
  
 
—  
 
  
 
(15.5
) 
 
  
Gain on sale of discontinued operation
  
 
—  
 
  
 
—  
 
  
 
(23.5
) 
 
  
Write-off
of exploration and evaluation assets
  
 
—  
 
  
 
—  
 
  
 
1.5
 
 
  
Taxation effect
  
 
—  
 
  
 
—  
 
  
 
                6.5
 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
Headline loss
  
 
—  
 
  
 
—  
 
  
 
(2.4
) 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
10.7
  
Diluted headline earnings per share from continuing operations—cents
  
 
19
 
  
 
7
 
  
 
26
 
 
  
Diluted headline earnings per share is calculated on the basis of headline profit attributable to owners of the parent continuing operations of US$162.7 million (2018: US$60.6 million and 2017: US$212.3 million) and 839,234,102 (2018: 832,465,491 and 2017: 826,920,421) shares being the diluted number of ordinary shares in issue during the year.
  
   
  
   
  
   
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
10.8
  
Diluted headline earnings per share from discontinued operations—cents
  
 
—  
 
  
 
              —  
 
  
 
—  
 
 
  
Diluted headline earnings per share is calculated on the basis of headline loss attributable to owners of the parent discontinued operations of US$nil (2018: US$nil and 2017: loss of US$2.4 million) and 839,234,102 (2018: 832,465,491 and 2017: 826,920,421) shares being the diluted number of ordinary shares in issue during the year.