RANDGOLD RESOURCES LTD | CIK:0001175580 |

$000

 

Note

 

Dec 31, 2017

 

Dec 31, 2016

 

Deferred tax is calculated on temporary differences under the liability method using a tax rate of 30% in respect of the Malian operations and 25% in respect of the Ivorian operations.

 

 

 

 

 

 

 

 

 

The movement on deferred taxation is as follows:

 

 

 

 

 

 

 

 

 

At the beginning of the year

 

 

 

 

42,386

 

 

35,548

 

Statement of comprehensive income charge

 

4

 

 

10,395

 

 

6,838

 

At the end of the year

 

 

 

 

52,781

 

 

42,386

 

 

 

 

 

 

 

 

 

 

 

Deferred taxation assets and liabilities comprise the following:

 

 

 

 

 

 

 

 

 

Accelerated tax depreciation

 

 

 

 

52,181

 

 

41,786

 

Deferred stripping

 

 

 

 

600

 

 

600

 

Deferred taxation liability

 

 

 

 

52,781

 

 

42,386

 

Net deferred tax liability

 

 

 

 

52,781

 

 

42,386