ANNUAL%20REPORT%202015%20eng

Notes to Consolidated Financial Statements
6 LOSS BEFORE TAXATION
Loss before taxation is arrived at after charging/(crediting):
(a)
Net finance costs:
2015 2014
USD’000 USD’000
Interest income (5,084) (3,911)
Finance income (5,084) (3,911)
Net change in fair value of derivative component of
senior notes (Note 26) — 700
Interest on bank and other borrowings 22,276 22,575
Interest on liability component of senior notes (Note 26) 54,978 54,827
Transaction costs 4,136 3,440
Unwinding interest on
– Obligations under finance lease — 8
– Accrued reclamation obligations (Note 28) 854 808
Less: Interest expense capitalised into construction in progress* — (8,617)
Net interest expense 82,244 73,741
Foreign exchange loss, net 21,862 24,690
Finance costs 104,106 98,431
Net finance costs 99,022 94,520
* No borrowing costs have been capitalised for the year ended 31 December 2015; borrowing costs have been
capitalised at a rate of 8.1% per annum for the year ended 31 December 2014.
(b)
Staff costs:
2015 2014
USD’000 USD’000
Salaries, wages, bonuses and benefits 20,961 25,167
Retirement scheme contributions 2,322 3,015
Equity-settled share-based payment expenses (Note 27) 3,298 3,475
26,581 31,657
144
Annual Report 2015