Net Asset Value (NAV) & Earnings Per Share (EPS) / Inventory Accounting Guide

Year ended 31 DecemberNet assets attributable to
shareholders – US$’000
NAV Per Share – US$
20072169,3161.02
2008159,7270.65
2009321,6810.68
2010437,7110.92
2011365,4020.77
2012401,3580.53
2013416,0470.55
2014471,4510.62
2015322,3250.42
2016366,8950.48
20173538,7230.40
20183476,1950.36
20193494,2610.42
Profit/(loss) for the period – US$’000Earnings/(loss) Per Share – US$1
5,4490.03
(46,431)(0.19)
62,4320.20
116,0300.24
(72,309)(0.15)
(39,048)(0.06)
14,6890.02
54,4040.07
(149,126)(0.20)
44,5700.06
37,8920.04
(62,213)(0.05)
28,3690.02
  1. Based on weighted average number of shares in issue during the period.
  2. For the period 4 September 2007 to 31 December 2007
  3. For years 2017 onwards, financial metrics are based on parent only figures.

The following presentation sets out the theory behind how Gemfields Group Limited (‘Gemfields’) and its subsidiaries account for rough gemstone inventory. It includes a worked example in which dummy numbers have been used.