Operating and financial results

SOUTH AFRICAN RAND		West Africa Region			South America Region	Australasia Region^#
		Ghana			Peru	Australia
		Total	Tarkwa	Damang	Cerro Corona	Total	St Ives	Agnew
Operating Results
Ore milled/treated (000 tonnes)	September 2011	6,825	5,597	1,228	1,674	1,944	1,682	262
	June 2011	7,155	5,883	1,272	1,717	1,907	1,676	231
	Year to date	21,033	17,283	3,750	4,973	5,654	4,977	677
Yield (grams per tonne)	September 2011	1.1	1.0	1.4	1.7	2.7	2.1	6.4
	June 2011	1.0	1.0	1.4	1.8	2.6	2.0	6.8
	Year to date	1.1	1.0	1.4	1.9	2.7	2.2	6.5
Gold produced (kilograms)	September 2011	7,290	5,600	1,690	2,921	5,247	3,577	1,670
	June 2011	7,377	5,625	1,752	3,143	4,948	3,379	1,569
	Year to date	22,241	17,012	5,229	9,426	15,121	10,703	4,418
Gold sold (kilograms)	September 2011	7,290	5,600	1,690	2,815	5,247	3,577	1,670
	June 2011	7,377	5,625	1,752	3,157	4,948	3,379	1,569
	Year to date	22,241	17,012	5,229	9,463	15,121	10,703	4,418
Gold price received (Rand per kilogram)	September 2011	387,915	387,732	388,521	335,737	391,862	388,762	398,503
	June 2011	329,375	329,387	329,338	304,846	327,890	327,079	329,637
	Year to date	342,026	342,053	341,939	316,707	345,189	342,558	351,562
Total cash cost (Rand per kilogram)	September 2011	139,767	137,446	147,456	111,865	201,849	221,638	159,461
	June 2011	122,841	116,302	143,836	88,882	198,080	221,367	147,929
	Year to date	126,361	119,157	149,799	94,959	196,111	211,716	158,307
Notional cash expenditure (Rand per kilogram)	September 2011	209,506	197,036	250,828	139,370	296,188	317,585	250,359
	June 2011	193,019	193,689	190,868	114,604	275,788	298,935	225,940
	Year to date	204,375	195,421	233,505	124,379	268,891	279,071	244,228
Operating costs (Rand per tonne)	September 2011	148	138	195	173	524	447	1,020
	June 2011	134	125	174	148	506	438	996
	Year to date	142	130	196	167	506	434	1,033
Financial Results (Rand million)
Revenue	September 2011	2,827.9	2,171.3	656.6	945.1	2,056.1	1,390.6	665.5
	June 2011	2,429.8	1,852.8	577.0	962.4	1,622.4	1,105.2	517.2
	Year to date	7,607.0	5,819.0	1,788.0	2,997.0	5,219.6	3,666.4	1,553.2
Net operating costs	September 2011	(931.1)	(716.8)	(214.3)	(289.1)	(1,052.8)	(791.2)	(261.6)
	June 2011	(825.0)	(595.6)	(229.4)	(258.3)	(966.9)	(740.2)	(226.7)
	Year to date	(2,606.9)	(1,888.8)	(718.1)	(852.4)	(2,959.6)	(2,267.0)	(692.6)
- Operating costs	September 2011	(1,010.3)	(771.4)	(238.9)	(289.6)	(1,019.4)	(752.1)	(267.3)
	June 2011	(957.0)	(735.5)	(221.5)	(254.7)	(965.0)	(734.9)	(230.1)
	Year to date	(2,978.7)	(2,242.6)	(736.1)	(832.4)	(2,861.2)	(2,162.0)	(699.2)
- Gold inventory change	September 2011	79.2	54.6	24.6	0.5	(33.4)	(39.1)	5.7
	June 2011	132.0	139.9	(7.9)	(3.6)	(1.9)	(5.3)	3.4
	Year to date	371.8	353.8	18.0	(20.0)	(98.4)	(105.0)	6.6
Operating profit	September 2011	1,896.8	1,454.5	442.3	656.0	1,003.3	599.4	403.9
	June 2011	1,604.8	1,257.2	347.6	704.1	655.5	365.0	290.5
	Year to date	5,000.1	3,930.2	1,069.9	2,144.6	2,260.0	1,399.4	860.6
Amortisation of mining assets	September 2011	(249.3)	(188.8)	(60.5)	(102.6)	(307.9)
	June 2011	(211.8)	(174.6)	(37.2)	(102.7)	(260.6)
	Year to date	(683.5)	(544.0)	(139.5)	(302.6)	(803.1)
Net operating profit	September 2011	1,647.5	1,265.7	381.8	553.4	695.4
	June 2011	1,393.0	1,082.6	310.4	601.4	394.9
	Year to date	4,316.6	3,386.2	930.4	1,842.0	1,456.9
Other expenses	September 2011	(39.6)	(27.2)	(12.4)	(49.9)	(18.0)
	June 2011	(56.0)	(39.6)	(16.4)	(22.2)	(10.1)
	Year to date	(126.5)	(88.6)	(37.9)	(95.5)	(38.2)
Profit before royalties and taxation	September 2011	1,607.9	1,238.5	369.4	503.5	677.4
	June 2011	1,337.0	1,043.0	294.0	579.2	384.8
	Year to date	4,190.1	3,297.6	892.5	1,746.5	1,418.7
Royalties, mining and income taxation	September 2011	(594.6)	(464.5)	(130.1)	(229.6)	(241.2)
	June 2011	(458.6)	(359.9)	(98.7)	(202.9)	(141.8)
	Year to date	(1,467.3)	(1,159.6)	(307.7)	(614.3)	(514.5)
- Normal taxation	September 2011	(428.4)	(348.0)	(80.4)	(227.4)	-
	June 2011	(259.7)	(209.4)	(50.3)	(185.2)	-
	Year to date	(1,008.3)	(849.3)	(159.0)	(620.9)	-
- Royalties	September 2011	(141.1)	(108.3)	(32.8)	(30.7)	(52.2)
	June 2011	(122.1)	(93.1)	(29.0)	(30.4)	(41.6)
	Year to date	(333.7)	(255.3)	(78.4)	(81.0)	(132.7)
- Deferred taxation	September 2011	(25.1)	(8.2)	(16.9)	28.5	(189.0)
	June 2011	(76.8)	(57.4)	(19.4)	12.7	(100.2)
	Year to date	(125.3)	(55.0)	(70.3)	87.6	(381.8)
Profit before non-recurring items	September 2011	1,013.3	774.0	239.3	273.9	436.2
	June 2011	878.4	683.1	195.3	376.3	243.0
	Year to date	2,722.8	2,138.0	584.8	1,132.2	904.2
Non-recurring items	September 2011	(16.6)	(4.3)	(12.3)	-	(0.5)
	June 2011	(42.3)	(8.5)	(33.8)	(0.2)	(16.0)
	Year to date	(84.9)	(36.7)	(48.2)	(1.5)	(29.4)
Net profit	September 2011	996.7	769.7	227.0	273.9	435.7
	June 2011	836.1	674.6	161.5	376.1	227.0
	Year to date	2,637.9	2,101.3	536.6	1,130.7	874.8
Net profit excluding gains and losses on	September 2011	1,011.8	775.1	236.7	277.3	439.7
foreign exchange, financial instruments	June 2011	881.5	690.2	191.3	376.3	241.1
and non-recurring items	Year to date	2,719.3	2,139.3	580.0	1,135.2	905.0
Capital Expenditure	September 2011	(517.0)	(332.0)	(185.0)	(117.5)	(534.7)	(383.9)	(150.8)
	June 2011	(466.9)	(354.0)	(112.9)	(105.5)	(399.6)	(275.2)	(124.4)
	Year to date	(1,566.8)	(1,081.9)	(484.9)	(340.0)	(1,204.7)	(824.9)	(379.8)

# As a significant portion of the acquisition price was allocated to tenements of St Ives and Agnew based on endowment ounces and also as these two Australian operations are entitled to transfer and then off-set tax losses from one company to another, it is not meaningful to split the income statement below operating profit.