RANDGOLD RESOURCES LTD | CIK:0001175580 | 3

  • Filed: 3/29/2018
  • Entity registrant name: RANDGOLD RESOURCES LTD (CIK: 0001175580)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1175580/000114420418017952/0001144204-18-017952-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1175580/000114420418017952/gold-20171231.xml
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  • ifrs-full:DisclosureOfJointVenturesExplanatory

    Set out below is the summarized financial information for Kibali (Jersey) Limited which is accounted for using the equity method (amounts stated at 100% before intercompany eliminations). 
     
    $000
     
    Dec 31, 2017
     
    Dec 31, 2016
     
    Summarized statement of financial position
     
     
     
     
     
     
     
    Current
     
     
     
     
     
     
     
    Cash and cash equivalents
     
     
    3,288
     
     
    18,865
     
    Other current assets (excluding cash)
     
     
    166,278
     
     
    179,588
     
    Total current assets
     
     
    169,566
     
     
    198,453
     
    Financial liabilities (excluding trade payables)
     
     
    (8,656)
     
     
    (10,285)
     
    Other current liabilities (including trade payables)
     
     
    (105,565)
     
     
    (133,113)
     
    Total current liabilities
     
     
    (114,221)
     
     
    (143,398)
     
    Non-current
     
     
     
     
     
     
     
    Assets
     
     
    2,833,946
     
     
    2,805,020
     
    Financial liabilities
     
     
    (41,210)
     
     
    (46,929)
     
    Other liabilities
     
     
    (23,244)
     
     
    (32,259)
     
    Total non-current liabilities
     
     
    (64,454)
     
     
    (79,188)
     
    Net assets
     
     
    2,824,837
     
     
    2,780,887
     
     
    $000
     
    Dec 31, 2017
     
    Dec 31, 2016
     
    Dec 31, 2015
     
    Summarized statement of comprehensive income
     
     
     
     
     
     
     
     
     
     
    Revenue
     
     
    754,852
     
     
    709,372
     
     
    747,272
     
    Depreciation and amortization
     
     
    (264,415)
     
     
    (210,925)
     
     
    (192,509)
     
    Interest income
     
     
    4,147
     
     
    4,735
     
     
    4,818
     
    Interest expense
     
     
    (5,478)
     
     
    (5,298)
     
     
    (5,376)
     
    Profit before tax
     
     
    (40,349)
     
     
    26,728
     
     
    155,825
     
    Income tax
     
     
    54,333
     
     
    22,962
     
     
    (17,840)
     
    Post-tax profit
     
     
    13,984
     
     
    49,690
     
     
    137,985
     
    Other comprehensive income—gain on available for sale financial asset
     
     
    -
     
     
    -
     
     
    3,144
     
     
    $000
     
    Dec 31, 2017
     
    Dec 31, 2016
     
    Reconciliation of the group’s summarized financial information presented to the carrying amount of the group’s interest in the Kibali joint venture
     
     
     
     
     
     
     
    Opening net assets January 1
     
     
    2,780,887
     
     
    2,791,184
     
    Profit for the period
     
     
    13,984
     
     
    49,690
     
    (Loss)/gain on available-for-sale financial asset
     
     
    (34)
     
     
    13
     
    Other comprehensive income
     
     
    (34)
     
     
    13
     
    Funds advanced
     
     
    30,000
     
     
    -
     
    Dividends received
     
     
    -
     
     
    (60,000)
     
    Closing net assets
     
     
    2,824,837
     
     
    2,780,887
     
    Interest in joint venture at 50%
     
     
    1,412,419
     
     
    1,390,443
     
    Mineral property at acquisition
     
     
    23,549
     
     
    26,154
     
    Adjustment to reflect attributable interest
     
     
    8,793
     
     
    1,565
     
    Carrying value
     
     
    1,444,760
     
     
    1,418,162