Income statement
International Financial Reporting Standards Basis
Figures are in millions unless otherwise stated
| |
United States Dollars |
Quarter |
|
Six months to |
|
| |
|
June
2012 |
|
March
2012 |
|
June
2011 |
|
June
2012 |
|
June
2011 |
|
| |
Revenue |
1,407.5 |
|
1,442.3 |
|
1,411.3 |
|
2,849.8 |
|
2,696.3 |
|
| |
Operating costs, net |
(740.1) |
|
(743.1) |
|
(754.9) |
|
(1,483.2) |
|
(1,453.9) |
|
| |
- Operating costs |
(751.8) |
|
(753.8) |
|
(773.5) |
|
(1,505.6) |
|
(1,484.0) |
|
| |
- Gold inventory change |
11.7 |
|
10.7 |
|
18.6 |
|
22.4 |
|
30.1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Operating profit |
667.4 |
|
699.2 |
|
656.4 |
|
1,366.6 |
|
1,242.4 |
|
| |
Amortisation and depreciation |
(195.4) |
|
(195.9) |
|
(188.2) |
|
(391.3) |
|
(365.9) |
|
| |
Net operating profit |
472.0 |
|
503.3 |
|
468.2 |
|
975.3 |
|
876.5 |
|
| |
Net interest paid |
(8.1) |
|
(5.8) |
|
(4.6) |
|
(13.9) |
|
(10.5) |
|
| |
Share of results of associates after taxation |
(12.4) |
|
2.3 |
|
0.1 |
|
(10.1) |
|
(0.4) |
|
| |
Gain/(loss) on foreign exchange |
1.1 |
|
(8.5) |
|
(2.7) |
|
(7.4) |
|
(2.3) |
|
| |
(Loss)/gain on financial instruments |
(0.9) |
|
(0.2) |
|
3.6 |
|
(1.1) |
|
4.5 |
|
| |
Share-based payments |
(24.1) |
|
(18.5) |
|
(18.0) |
|
(42.6) |
|
(35.5) |
|
| |
Other |
(5.1) |
|
(0.1) |
|
(12.8) |
|
(5.2) |
|
(23.4) |
|
| |
Exploration |
(23.2) |
|
(37.6) |
|
(31.3) |
|
(60.8) |
|
(51.2) |
|
| |
Feasibility and evaluation costs |
(14.9) |
|
(9.8) |
|
(2.6) |
|
(24.7) |
|
(6.5) |
|
| |
Profit before royalties, taxation and non-recurring items |
384.4 |
|
425.1 |
|
399.9 |
|
809.5 |
|
751.2 |
|
| |
Non-recurring items |
(16.8) |
|
(10.2) |
|
(14.8) |
|
(27.0) |
|
(26.6) |
|
| |
Profit before royalties and taxation |
367.6 |
|
414.9 |
|
385.1 |
|
782.5 |
|
724.6 |
|
| |
Royalties |
(41.3) |
|
(40.9) |
|
(34.7) |
|
(82.2) |
|
(58.3) |
|
| |
Profit before taxation |
326.3 |
|
374.0 |
|
350.4 |
|
700.3 |
|
666.3 |
|
| |
Mining and income taxation |
(119.2) |
|
(101.9) |
|
(127.6) |
|
(221.1) |
|
(239.3) |
|
| |
- Normal taxation |
(104.5) |
|
(113.9) |
|
(77.0) |
|
(218.4) |
|
(162.9) |
|
| |
- Deferred taxation |
(14.7) |
|
12.0 |
|
(50.6) |
|
(2.7) |
|
(76.4) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Net profit |
207.1 |
|
272.1 |
|
222.8 |
|
479.2 |
|
427.0 |
|
| |
Attributable to: |
|
|
|
|
|
|
|
|
|
|
| |
- Owners of the parents |
198.0 |
|
267.8 |
|
186.3 |
|
465.8 |
|
344.0 |
|
| |
- Non-controlling interest |
9.1 |
|
4.3 |
|
36.5 |
|
13.4 |
|
83.0 |
|
| |
Non-recurring items: |
|
|
|
|
|
|
|
|
|
|
| |
Profit/(loss) on sale of assets |
0.1 |
|
0.2 |
|
(0.3) |
|
0.3 |
|
(0.5) |
|
| |
Restructuring costs |
(7.6) |
|
(8.2) |
|
(9.4) |
|
(15.8) |
|
(21.5) |
|
| |
Impairment of investments and assets |
(9.3) |
|
(2.2) |
|
(0.2) |
|
(11.5) |
|
(0.2) |
|
| |
Other |
- |
|
- |
|
(4.9) |
|
- |
|
(4.4) |
|
| |
Total non-recurring items |
(16.8) |
|
(10.2) |
|
(14.8) |
|
(27.0) |
|
(26.6) |
|
| |
Taxation |
2.3 |
|
2.4 |
|
4.4 |
|
4.7 |
|
8.1 |
|
| |
Net non-recurring items after taxation |
(14.5) |
|
(7.8) |
|
(10.4) |
|
(22.3) |
|
(18.5) |
|
| |
Net earnings |
198.0 |
|
267.8 |
|
186.3 |
|
465.8 |
|
344.0 |
|
| |
Net earnings per share (cents) |
27 |
|
37 |
|
26 |
|
64 |
|
48 |
|
| |
Diluted earnings per share (cents) |
27 |
|
37 |
|
25 |
|
64 |
|
47 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Headline earnings |
207.2 |
|
269.9 |
|
186.7 |
|
477.1 |
|
344.6 |
|
| |
Headline earnings per share (cents) |
29 |
|
37 |
|
26 |
|
66 |
|
48 |
|
| |
Diluted headline earnings per share (cents) |
29 |
|
37 |
|
25 |
|
66 |
|
47 |
|
| |
Normalised earnings - net earnings excluding gains and losses on foreign exchange, financial instruments, non-recurring items and share of results of associates after royalties and taxation |
224.4 |
|
279.4 |
|
195.2 |
|
503.8 |
|
360.2 |
|
| |
Normalised earnings - net earnings per share excluding gains and losses on foreign exchange, financial instruments, non-recurring items and share of results of associates after royalties and taxation (cents) |
30 |
|
39 |
|
27 |
|
69 |
|
50 |
|
| |
South African rand/United States dollar conversion rate |
8.06 |
|
7.77 |
|
6.78 |
|
7.92 |
|
6.88 |
|
| |
South African rand/Australian dollar conversion rate |
8.16 |
|
8.19 |
|
7.18 |
|
8.18 |
|
7.09 |
|
| |
Gold sold – managed oz (000) |
881 |
|
859 |
|
944 |
|
1,740 |
|
1,869 |
|
| |
Gold price received US$/oz |
1,600 |
|
1,679 |
|
1,496 |
|
1,638 |
|
1,442 |
|
| |
Total cash cost US$/oz |
851 |
|
870 |
|
816 |
|
860 |
|
783 |
|
|
|
