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:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory

    The group’s exposure to foreign currency arises where a company holds monetary assets and liabilities denominated in a currency different to the functional currency of the holder of the instrument which is the US dollar. The following table shows the impact of a 10% change in the US dollar on profit and equity arising as a result of the revaluation of the group’s foreign currency financial instruments. The TVA balance in Kibali is denominated in CDF and while not a financial instrument under IFRS 7, a movement of 10% in the year end rate would have an effect of $11.9 million on the receivable shown in the ‘Investments in joint ventures’ in the consolidated statement of financial position.
     
     
     
    Closing exchange
     rate
     
    Effect of 10%
    strengthening of $
    on net earnings
    and equity $000
     
    At December 31, 2017
     
     
     
     
     
     
     
    Euro (EUR)
     
     
    0.8347
     
     
    940
     
    Communauté Financi?re Africaine franc (CFA)
     
     
    547.53
     
     
    (1,723)
     
    South African rand (ZAR)
     
     
    12.36
     
     
    (8)
     
    British pound (GBP)
     
     
    0.74
     
     
    1
     
    At December 31, 2016
     
     
     
     
     
     
     
    Euro (EUR)
     
     
    0.9490
     
     
    654
     
    Communauté Financi?re Africaine franc (CFA)
     
     
    623.30
     
     
    365
     
    South African rand (ZAR)
     
     
    13.65
     
     
    (61)
     
    British pound (GBP)
     
     
    0.81
     
     
    (62)