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TERANGA GOLD CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME / LOSS
(US$000's, except per share amounts)
---------------------------------------------------------------------------- Twelve months Fifteen months ended ended ---------------- ---------------- December 31, December 31, 2012 2011----------------------------------------------------------------------------Revenue 350,520 236,873Cost of sales (179,323) (148,812) ---------------- ----------------Gross profit 171,197 88,061Exploration and evaluation expenditures (16,657) (31,659)Administration expenses (17,931) (13,448)Share based compensation (4,694) (12,411)Finance costs (7,789) (2,946)Losses on gold hedge contracts (15,274) (47,943)(Losses)/gains on oil hedge contracts (427) 2,203Net foreign exchange (losses)/gains (2,574) 4,486Impairment of available for sale financial asset (11,917) -Other income 36 848 ---------------- ---------------- (77,227) (100,870)Profit/(loss) before income tax 93,970 (12,809)Income tax benefit 115 92 ---------------- ----------------Profit/(loss) for the period 94,085 (12,717) ---------------- ----------------Profit/(loss) attributable to:Shareholders 79,924 (16,040)Non-controlling interests 14,161 3,323 ---------------- ----------------Profit/(loss) for the period 94,085 (12,717) ---------------- ----------------Other comprehensive income/(loss):Exchange differences arising on translation of Teranga corporate entity (63) (935)Change in fair value of available for sale financial asset, net of tax 6,775 (1,319) ---------------- ----------------Other comprehensive income/(loss) for the period 6,712 (2,254) ---------------- ----------------Total comprehensive income/(loss) for the period 100,797 (14,971) ---------------- ----------------Total comprehensive income/(loss) attributable to:Shareholders 86,636 (18,294)Non-controlling interests 14,161 3,323 ---------------- ----------------Total comprehensive income/(loss) for the period 100,797 (14,971) ---------------- ----------------Earnings/(losses) per share from operations attributable to the shareholders of the Company during the period- basic earnings/(losses) per share 0.33 (0.07)- diluted earnings/(losses) per share 0.33 (0.07)
