RANDGOLD RESOURCES LTD | CIK:0001175580 |

3. OTHER INCOME AND EXPENSES

 

$000		Dec 31, 2017			Dec 31, 2016			Dec 31, 2015
Other Income from operating activities comprise:
Other income			146			136			-
Net foreign exchange gains			-			-			1,657
			146			136			1,657

 

The total other income is not considered to be part of the main revenue generating activities and as such the

group presents this income separately from revenue.

 

$000		Dec 31, 2017			Dec 31, 2016			Dec 31, 2015
Other Expenses:
Management Fee			4,385			4,296			3,658
Net foreign exchange loss			38,469			36,134			-
Discounting provision			12,177			7,820			-
			55,031			48,250			3,658

 

The net foreign exchange loss primarily refers to the retranslation of TVA receivables (refer to note 11) denominated in Congolese Francs which is translated into the US dollar functional currency of the subsidiary. The discounting provision movement relates to TVA receivables (refer to note 2).