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Earnings Per Share
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Earnings Per Share
 
 
  
 
  
UNITED STATES DOLLAR
 
 
  
 
  
2020
 
  
2019
 
  
2018
 
11.
  
EARNINGS PER SHARE
  
   
  
   
  
   
11.1
  
Basic earnings/(loss) per share - cents
  
 
82
 
  
 
20
 
  
 
(42
) 
 
  
Basic earnings/(loss) per share is calculated by dividing the profit attributable to owners of the parent of US$723.0 million (2019: profit of US$161.6 million and 2018: loss of US$348.2 million) by the weighted average number of ordinary shares in issue during the year of 878,661,474 (2019: 827,386,603 and 2018: 821,532,707).
  
   
  
   
  
   
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
11.2
  
Diluted earnings/(loss) per share - cents
  
 
81
 
  
 
19
 
  
 
(42
) 
     
 
  
Diluted earnings/(loss) per share is calculated by dividing the diluted profit attributable to owners of the parent of US$719.3 million (2019: profit of US$161.6 million and 2018: loss of US$348.2 million) by the diluted weighted average number of ordinary shares in issue during the year of 889,841,717 (2019: 839,234,102 and 2018: 832,465,491).
  
   
  
   
  
   
     
 
  
Net profit/(loss) attributable to owners of the parent has been adjusted by the following to arrive at the diluted profit/(loss) attributable to owners of the parent:
  
   
  
   
  
   
     
 
  
Profit/(loss) attributable to owners of the parent
  
 
723.0
 
  
 
161.6
 
  
 
(348.2
) 
 
  
South Deep minority interest at 10%
  
 
(3.7
) 
  
 
—  
 
  
 
—  
 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
Diluted profit/(loss) attributable to owners of the parent
  
 
719.3
 
  
 
161.6
 
  
 
(348.2
) 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
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 ordinary shares
  
 
878,661,474
 
  
 
827,386,603
 
  
 
821,532,707
 
 
  
Share options in issue
  
 
11,180,243
 
  
 
11,847,499
 
  
 
10,932,784
 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
Diluted weighted average number of ordinary shares
  
 
889,841,717
 
  
 
839,234,102
 
  
 
832,465,491
 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
11.3
  
Headline earnings per share - cents
  
 
83
 
  
 
20
 
  
 
7
 
 
  
Headline earnings per share is calculated by dividing headline earnings of US$729.3 million (2019: US$162.7 million and 2018: US$60.6 million) by the weighted average number of ordinary shares in issue during the year of 878,661,474 (2019: 827,386,603 and 2018: 821,532,707).
  
   
  
   
  
   
     
 
  
Net profit/(loss) attributable to owners of the parent is reconciled to headline earnings as follows:
  
   
  
   
  
   
     
 
  
Long-form headline earnings reconciliation
  
   
  
   
  
   
     
 
  
Profit/(loss) attributable to owners of the parent
  
 
723.0
 
  
 
161.6
 
  
 
(348.2
) 
 
  
Loss/(profit) on disposal of assets, net
  
 
0.1
 
  
 
(0.8
) 
  
 
37.0
 
 
  
Gross
  
 
0.2
 
  
 
(1.2
) 
  
 
51.6
 
 
  
Taxation effect
  
 
(0.1
) 
  
 
0.4
 
  
 
(12.0
) 
 
  
Non-controlling
interest effect
  
 
—  
 
  
 
—  
 
  
 
(2.6
) 
     
 
  
Impairment, reversal of impairment and
write-off
of investments and assets and other, net
  
 
6.2
 
  
 
1.9
 
  
 
371.8
 
 
  
Impairment, net of reversal of impairment of investments and assets
  
 
(50.6
) 
  
 
9.8
 
  
 
520.3
 
 
  
Write-off
of exploration and evaluation assets
  
 
16.9
 
  
 
30.0
 
  
 
37.7
 
 
  
Gold Fields’ share of Asanko Gold mine impairment
  
 
49.5
 
  
 
—  
 
  
 
—  
 
 
  
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
  
 
(8.9
) 
  
 
(9.0
) 
  
 
(130.4
) 
 
  
Non-controlling
interest effect
  
 
(0.7
) 
  
 
—  
 
  
 
—  
 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
Headline earnings
  
 
729.3
 
  
 
162.7
 
  
 
60.6
 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
11.4
  
Diluted headline earnings per share - cents
  
 
82
 
  
 
19
 
  
 
7
 
     
 
  
Diluted headline earnings per share is calculated by dividing diluted headline earnings of US$725.6 million (2019: US$162.7 million and 2018: US$60.6 million) by the diluted weighted average number of ordinary shares in issue during the year of 889,841,717 (2019: 839,234,102 and 2018: 832,465,491).
  
   
  
   
  
   
     
 
  
Headline earnings has been adjusted by the following to arrive at dilutive headline earnings:
  
   
  
   
  
   
     
 
  
Headline earnings
  
 
729.3
 
  
 
162.7
 
  
 
60.6
 
 
  
South Deep
non-controlling 
interest at 10%
  
 
(3.7
) 
  
 
—  
 
  
 
—  
 
 
  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
Diluted headline earnings
  
 
725.6
 
  
 
162.7
 
  
 
60.6