XML 284 R26.htm IDEA: XBRL DOCUMENT v3.23.1
Interest in Joint Operation
12 Months Ended
Dec. 31, 2022
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:
20222021
Figures in millions unless otherwise statedUS$A$US$A$
Statement of financial position
Non-current assets517.4 759.0 587.8 808.0 
Property, plant and equipment515.0 755.4 587.8 808.0 
Environmental trust fund2.5 3.6 — — 
Current assets62.6 91.9 45.4 62.4 
Cash and cash equivalents10.8 15.9 7.6 10.4 
Inventories50.4 74.0 36.1 49.6 
Other receivables1.4 2.0 1.7 2.4 
Total assets580.1 850.9 633.2 870.4 
Total equity
Retained earnings116.9 171.5 64.6 88.9 
Non-current liabilities153.3 224.9 161.5 221.9 
Deferred taxation58.2 85.4 63.4 87.2 
Finance lease liabilities75.2 110.3 76.2 104.7 
Environmental rehabilitation costs18.1 26.6 20.2 27.7 
Long-term incentive plan1.8 2.6 1.7 2.3 
Current liabilities309.8 454.5 407.1 559.6 
Related entity loans payable278.7 408.9 377.2 518.5 
Trade and other payables23.0 33.7 22.3 30.7 
Current portion of finance lease liabilities8.1 11.9 7.6 10.4 
Total equity and liabilities580.1 850.9 633.2 870.4