Consolidated statement of changes in equity
FOR THE YEAR ENDED 31 DECEMBER 2005
46 Annual Report 2005 Randgold Resources
Attributable to equity shareholders
Number of
Accum-
ordinary Share Share ulated Other
Minority
US$000
shares capital premium profit
reserves Total interest
Total
Group
BALANCE AT
31 DECEMBER 2003
Net income
Movement on cash
flow hedges
realised
unrealised
Total recognised income
Share-based payments
Exercise of employee
stock options
Subdivision of shares
Capital reduction
Disposal of Syama
BALANCE AT
31 DECEMBER 2004
BALANCE AT
31 DECEMBER 2004
(as previously reported)
Adoption of IFRS 2
"share-based payments"
("IFRS 2")
BALANCE AT
31 DECEMBER 2004
Net income
Movement on cash
flow hedges
unrealised
realised
Total recognised income
Share-based payments
Exercise of employee
stock options
Restricted shares
issued as remuneration
#
Restricted shares held
by company
#
Shares vested
#
Capital raising
Costs associated with
capital raising
BALANCE AT
31 DECEMBER 2005
A special resolution was passed on 26 April 2004 to divide each of the ordinary shares of US$0.10 in the company into
two ordinary shares of US$0.05 each. The aim was to improve the tradeability of the company's shares. A special
resolution was passed at the annual general meeting in April 2004, which was subsequently approved by the Court in
Jersey, to extinguish accumulated losses by reducing the company's share premium account by US$100 million. Other
reserves include the cumulative charge recognised under IFRS 2 in respect of share option schemes (net of amounts
transferred to share capital and share premium) and the mark-to-market valuation of financial instruments designated as
cash flow hedges. Refer to note 6 for discussion on the impact of IFRS 2.
#
Restricted shares were issued to directors as remuneration. Of these shares, 103 910 have vested, while the
remainder of the shares are still held by the company as treasury shares. The transfer between "other reserves" and
"share premium" in respect of the shares vested represents the cost calculated in accordance with IFRS 2.
