RANDGOLD RESOURCES LTD | CIK:0001175580 | 3

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

    23. CASH FLOW FROM OPERATING ACTIVITIES AND NON-CASH ITEMS
     
    $000
     
    Dec 31, 2017
     
    Dec 31, 2016
     
    Dec 31, 2015
     
     
     
     
     
     
     
     
     
     
     
     
    (Loss)/Profit before income taxation
     
     
    (40,349)
     
     
    26,728
     
     
    155,825
     
    Adjustments for:
     
     
     
     
     
     
     
     
     
     
    Interest received (Note 6)
     
     
    (4,147)
     
     
    (4,735)
     
     
    (4,818)
     
    Finance cost (Note 6)
     
     
    4,949
     
     
    4,949
     
     
    4,992
     
    Share of profits of equity accounted joint venture
     
     
    (113)
     
     
    (129)
     
     
    (268)
     
    Depreciation and amortization
     
     
    264,415
     
     
    210,925
     
     
    192,509
     
    Foreign exchange loss
     
     
    38,326
     
     
    36,134
     
     
    -
     
    Movement in discounting provision on TVA (Note 3)
     
     
    12,177
     
     
    7,820
     
     
    -
     
    Recycling of permanent losses on available-for-sale asset
     
     
    -
     
     
    -
     
     
    3,144
     
    Unwinding of rehabilitation provision
     
     
    529
     
     
    349
     
     
    384
     
     
     
     
    275,930
     
     
    282,041
     
     
    351,768
     
    Effects of changes in operating working capital items
     
     
     
     
     
     
     
     
     
     
    - Receivables
     
     
    (69,741)
     
     
    (29,287)
     
     
    (7,122)
     
    - Inventories
     
     
    30,266
     
     
    5,484
     
     
    12,565
     
    - Trade and other payables
     
     
    (11,026)
     
     
    14,712
     
     
    12,447
     
    Cash generated from operations
     
     
    225,429
     
     
    272,950
     
     
    369,658
     
     
    Other non-cash items include a finance lease liability movement of $4.1 million (2016: $4.7 million) (2015: $1.2 million), finance lease assets movement of $29.7 million (2016: $6.6 million) (2015: $4.3 million), changes in rehabilitation provision estimates of $2.1 million (2016: $5.2 million) (2015: $0 million) and dividends payable of Nil (2016: $8.0 million) (2015: Nil).
     
    Cash flows relating to loans and borrowings within financing activities comprises the following movements in finance lease liabilities:
     
     
     
    Non-current
     
    Current
     
     
     
     
     
     
    loans and
     
    loans and
     
     
     
     
    $000
     
    borrowings
     
    borrowings
     
    Total
     
     
     
     
     
     
     
     
     
     
     
     
    At January 1, 2017
     
     
    46,707
     
     
    8,310
     
     
    55,017
     
    Cash flows:
     
     
     
     
     
     
     
     
     
     
    Lease repayments
     
     
    -
     
     
    (7,228)
     
     
    (7,228)
     
    Non cash flows:
     
     
     
     
     
     
     
     
     
     
    Loans and borrowings classified as non-
     
     
     
     
     
     
     
     
     
     
    current at December 31, 2016
     
     
    (6,357)
     
     
    6,357
     
     
    -
     
    Interest and capital accrued
     
     
    -
     
     
    157
     
     
    157
     
    At December 31, 2017 1
     
     
    40,350
     
     
    7,596
     
     
    47,946
     
     
    1 Refer to note 19 and the consolidated cash flow statement.