RANDGOLD RESOURCES LTD | CIK:0001175580 |

19. LEASES

 

The finance lease liability recognized is in respect of mining vehicles which have been used in excavation and hauling of waste rock and ore under an installment sale agreement.

 

The lease liability is effectively secured as the rights to the leased asset revert to the lessor in the event of default.

 

$000		Dec 31, 2017			Dec 31, 2016			Dec 31, 2015
Gross finance lease liabilities – minimum lease payments:
No later than 1 year			11,042			12,979			12,100
Later than 1 year and no later than 5 years			39,872			42,239			52,968
Later than 5 years			6,694			13,344			13,381
Future finance charges			(9,662)			(13,545)			(18,696)
Present value of the finance lease liability			47,946			55,017			59,753
No later than 1 year			7,596			8,310			8,223
Later than 1 year and no later than 5 years			32,618			32,853			38,858
Later than 5 years			7,732			13,854			12,672
			47,946			55,017			59,753