XML 336 R26.htm IDEA: XBRL DOCUMENT v3.22.1
Interest in Joint Operation
 12 Months Ended
Dec. 31, 2021
Disclosure of joint ventures [abstract]  
Interest in joint operation INTEREST IN JOINT OPERATION
On 13 December 2016, Gold Fields purchased 50% of the Gruyere Gold Project and entered into a 50:50 unincorporated joint operation with Gold Road Resources Limited (“Gold Road”) for the development and operation of the Gruyere Gold Project in Western Australia, which comprises the Gruyere gold deposit as well as additional resources including Central Bore and Attila/Alaric.
The Gruyere project was successfully completed during 2019, with first gold produced in June 2019. Commercial levels of production were achieved at the end of September 2019.
Below is a summary of Gold Fields’ share of the joint operation and includes inter-company transactions and balances:
20212020
Figures in millions unless otherwise statedUS$A$US$A$
Statement of financial position
Non-current assets
Property, plant and equipment587.8 808.0 648.6 843.0 
Current assets45.4 62.4 34.2 44.4 
Cash and cash equivalents7.6 10.4 7.3 9.5 
Inventories36.1 49.6 23.1 30.0 
Other receivables1.7 2.4 3.8 4.9 
Total assets633.2 870.4 682.8 887.4 
Total equity
Retained earnings64.6 88.9 38.5 50.1 
Non-current liabilities161.5 221.9 162.8 211.6 
Deferred taxation63.4 87.2 60.7 78.9 
Finance lease liabilities76.2 104.7 81.7 106.2 
Environmental rehabilitation costs20.2 27.7 18.6 24.2 
Long-term incentive plan1.7 2.3 1.8 2.3 
Current liabilities407.1 559.6 481.5 625.7 
Related entity loans payable377.2 518.5 452.8 588.4 
Trade and other payables22.3 30.7 21.4 27.8 
Current portion of finance lease liabilities7.6 10.4 7.3 9.5 
Total equity and liabilities633.2 870.4 682.8 887.4