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) |
June 2012 |
|
|
6,826 |
|
5,893 |
|
933 |
|
|
1,668 |
|
|
2,016 |
|
1,761 |
|
255 |
|
| |
|
March 2012 |
|
|
7,233 |
|
6,013 |
|
1,220 |
|
|
1,676 |
|
|
1,997 |
|
1,773 |
|
224 |
|
| |
|
Year to date |
|
|
14,059 |
|
11,906 |
|
2,153 |
|
|
3,344 |
|
|
4,013 |
|
3,534 |
|
479 |
|
| |
Yield (grams per tonne) |
June 2012 |
|
|
1.0 |
|
0.9 |
|
1.3 |
|
|
1.6 |
|
|
2.3 |
|
2.0 |
|
4.5 |
|
| |
|
March 2012 |
|
|
1.0 |
|
1.0 |
|
1.1 |
|
|
1.4 |
|
|
2.5 |
|
2.1 |
|
5.1 |
|
| |
|
Year to date |
|
|
1.0 |
|
0.9 |
|
1.2 |
|
|
1.5 |
|
|
2.4 |
|
2.0 |
|
4.8 |
|
| |
Gold produced (kilograms) |
June 2012 |
|
|
6,672 |
|
5,485 |
|
1,187 |
|
|
2,642 |
|
|
4,615 |
|
3,459 |
|
1,156 |
|
| |
|
March 2012 |
|
|
7,144 |
|
5,765 |
|
1,379 |
|
|
2,379 |
|
|
4,894 |
|
3,743 |
|
1,151 |
|
| |
|
Year to date |
|
|
13,816 |
|
11,250 |
|
2,566 |
|
|
5,021 |
|
|
9,509 |
|
7,202 |
|
2,307 |
|
| |
Gold sold (kilograms) |
June 2012 |
|
|
6,672 |
|
5,485 |
|
1,187 |
|
|
2,525 |
|
|
4,615 |
|
3,459 |
|
1,156 |
|
| |
|
March 2012 |
|
|
7,144 |
|
5,765 |
|
1,379 |
|
|
2,629 |
|
|
4,894 |
|
3,743 |
|
1,151 |
|
| |
|
Year to date |
|
|
13,816 |
|
11,250 |
|
2,566 |
|
|
5,154 |
|
|
9,509 |
|
7,202 |
|
2,307 |
|
| |
Gold price received (Rand per kilogram) |
June 2012 |
|
|
418,870 |
|
418,979 |
|
418,366 |
|
|
355,168 |
|
|
419,848 |
|
420,266 |
|
418,599 |
|
| |
|
March 2012 |
|
|
419,751 |
|
419,289 |
|
421,682 |
|
|
421,149 |
|
|
419,963 |
|
420,732 |
|
417,463 |
|
| |
|
Year to date |
|
|
419,325 |
|
419,138 |
|
420,148 |
|
|
388,824 |
|
|
419,907 |
|
420,508 |
|
418,032 |
|
| |
Total cash cost (Rand per kilogram) |
June 2012 |
|
|
187,080 |
|
171,759 |
|
257,877 |
|
|
125,030 |
|
|
238,830 |
|
238,306 |
|
240,398 |
|
| |
|
March 2012 |
|
|
160,442 |
|
148,760 |
|
209,282 |
|
|
133,359 |
|
|
230,956 |
|
226,743 |
|
244,657 |
|
| |
|
Year to date |
|
|
173,306 |
|
159,973 |
|
231,761 |
|
|
129,278 |
|
|
234,778 |
|
232,297 |
|
242,523 |
|
| |
Notional cash expenditure (Rand per kilogram) |
June 2012 |
|
|
302,998 |
|
267,657 |
|
466,302 |
|
|
183,460 |
|
|
406,002 |
|
409,569 |
|
395,329 |
|
| |
|
March 2012 |
|
|
256,467 |
|
228,760 |
|
372,299 |
|
|
186,045 |
|
|
330,793 |
|
327,358 |
|
341,964 |
|
| |
|
Year to date |
|
|
278,937 |
|
247,724 |
|
415,783 |
|
|
184,684 |
|
|
367,294 |
|
366,843 |
|
368,704 |
|
| |
Operating costs (Rand per tonne) |
June 2012 |
|
|
192 |
|
168 |
|
343 |
|
|
192 |
|
|
543 |
|
460 |
|
1,112 |
|
| |
|
March 2012 |
|
|
173 |
|
158 |
|
248 |
|
|
186 |
|
|
563 |
|
464 |
|
1,346 |
|
| |
|
Year to date |
|
|
182 |
|
163 |
|
289 |
|
|
189 |
|
|
553 |
|
462 |
|
1,222 |
|
| |
Financial Results (Rand million) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue |
June 2012 |
|
|
2,794.7 |
|
2,298.1 |
|
496.6 |
|
|
896.8 |
|
|
1,937.6 |
|
1,453.7 |
|
483.9 |
|
| |
|
March 2012 |
|
|
2,998.7 |
|
2,417.2 |
|
581.5 |
|
|
1,107.2 |
|
|
2,055.3 |
|
1,574.8 |
|
480.5 |
|
| |
|
Year to date |
|
|
5,793.4 |
|
4,715.3 |
|
1,078.1 |
|
|
2,004.0 |
|
|
3,992.9 |
|
3,028.5 |
|
964.4 |
|
| |
Net operating costs |
June 2012 |
|
|
(1,224.4) |
|
(916.5) |
|
(307.9) |
|
|
(281.5) |
|
|
(1,121.5) |
|
(837.0) |
|
(284.5) |
|
| |
|
March 2012 |
|
|
(1,103.9) |
|
(824.6) |
|
(279.3) |
|
|
(341.4) |
|
|
(1,160.1) |
|
(867.5) |
|
(292.6) |
|
| |
|
Year to date |
|
|
(2,328.3) |
|
(1,741.1) |
|
(587.2) |
|
|
(622.9) |
|
|
(2,281.6) |
|
(1,704.5) |
|
(577.1) |
|
| |
- Operating costs |
June 2012 |
|
|
(1,307.7) |
|
(988.0) |
|
(319.7) |
|
|
(319.6) |
|
|
(1,094.0) |
|
(810.4) |
|
(283.6) |
|
| |
|
March 2012 |
|
|
(1,253.1) |
|
(950.2) |
|
(302.9) |
|
|
(310.9) |
|
|
(1,124.9) |
|
(823.3) |
|
(301.6) |
|
| |
|
Year to date |
|
|
(2,560.8) |
|
(1,938.2) |
|
(622.6) |
|
|
(630.5) |
|
|
(2,218.9) |
|
(1,633.7) |
|
(585.2) |
|
| |
- Gold inventory change |
June 2012 |
|
|
83.3 |
|
71.5 |
|
11.8 |
|
|
38.1 |
|
|
(27.5) |
|
(26.6) |
|
(0.9) |
|
| |
|
March 2012 |
|
|
149.2 |
|
125.6 |
|
23.6 |
|
|
(30.5) |
|
|
(35.2) |
|
(44.2) |
|
9.0 |
|
| |
|
Year to date |
|
|
232.5 |
|
197.1 |
|
35.4 |
|
|
7.6 |
|
|
(62.7) |
|
(70.8) |
|
8.1 |
|
| |
Operating profit |
June 2012 |
|
|
1,570.3 |
|
1,381.6 |
|
188.7 |
|
|
615.3 |
|
|
816.1 |
|
616.7 |
|
199.4 |
|
| |
|
March 2012 |
|
|
1,894.8 |
|
1,592.6 |
|
302.2 |
|
|
765.8 |
|
|
895.2 |
|
707.3 |
|
187.9 |
|
| |
|
Year to date |
|
|
3,465.1 |
|
2,974.2 |
|
490.9 |
|
|
1,381.1 |
|
|
1,711.3 |
|
1,324.0 |
|
387.3 |
|
| |
Amortisation of mining assets |
June 2012 |
|
|
(287.6) |
|
(233.9) |
|
(53.7) |
|
|
(91.5) |
|
|
(367.0) |
|
|
|
|
|
| |
|
March 2012 |
|
|
(296.1) |
|
(238.9) |
|
(57.2) |
|
|
(100.0) |
|
|
(392.1) |
|
|
|
|
|
| |
|
Year to date |
|
|
(583.7) |
|
(472.8) |
|
(110.9) |
|
|
(191.5) |
|
|
(759.1) |
|
|
|
|
|
| |
Net operating profit |
June 2012 |
|
|
1,282.7 |
|
1,147.7 |
|
135.0 |
|
|
523.8 |
|
|
449.1 |
|
|
|
|
|
| |
|
March 2012 |
|
|
1,598.7 |
|
1,353.7 |
|
245.0 |
|
|
665.8 |
|
|
503.1 |
|
|
|
|
|
| |
|
Year to date |
|
|
2,881.4 |
|
2,501.4 |
|
380.0 |
|
|
1,189.6 |
|
|
952.2 |
|
|
|
|
|
| |
Other expenses |
June 2012 |
|
|
(69.1) |
|
(51.1) |
|
(18.0) |
|
|
(58.1) |
|
|
(19.5) |
|
|
|
|
|
| |
|
March 2012 |
|
|
(56.9) |
|
(40.7) |
|
(16.2) |
|
|
1.9 |
|
|
(0.5) |
|
|
|
|
|
| |
|
Year to date |
|
|
(126.0) |
|
(91.8) |
|
(34.2) |
|
|
(56.2) |
|
|
(20.0) |
|
|
|
|
|
| |
Profit before royalties and taxation |
June 2012 |
|
|
1,213.6 |
|
1,096.6 |
|
117.0 |
|
|
465.7 |
|
|
429.6 |
|
|
|
|
|
| |
|
March 2012 |
|
|
1,541.8 |
|
1,313.0 |
|
228.8 |
|
|
667.7 |
|
|
502.6 |
|
|
|
|
|
| |
|
Year to date |
|
|
2,755.4 |
|
2,409.6 |
|
345.8 |
|
|
1,133.4 |
|
|
932.2 |
|
|
|
|
|
| |
Royalties, mining and income taxation |
June 2012 |
|
|
(528.4) |
|
(469.7) |
|
(58.7) |
|
|
(82.1) |
|
|
(160.8) |
|
|
|
|
|
| |
|
March 2012 |
|
|
(1,259.4) |
|
(1,091.3) |
|
(168.1) |
|
|
(268.2) |
|
|
(190.0) |
|
|
|
|
|
| |
|
Year to date |
|
|
(1,787.8) |
|
(1,561.0) |
|
(226.8) |
|
|
(350.3) |
|
|
(350.8) |
|
|
|
|
|
| |
- Normal taxation |
June 2012 |
|
|
(326.4) |
|
(317.1) |
|
(9.3) |
|
|
(138.3) |
|
|
- |
|
|
|
|
|
| |
|
March 2012 |
|
|
(359.0) |
|
(321.0) |
|
(38.0) |
|
|
(198.3) |
|
|
- |
|
|
|
|
|
| |
|
Year to date |
|
|
(685.4) |
|
(638.1) |
|
(47.3) |
|
|
(336.6) |
|
|
- |
|
|
|
|
|
| |
- Royalties |
June 2012 |
|
|
(139.7) |
|
(114.9) |
|
(24.8) |
|
|
(32.8) |
|
|
(44.8) |
|
|
|
|
|
| |
|
March 2012 |
|
|
(150.0) |
|
(120.9) |
|
(29.1) |
|
|
(22.5) |
|
|
(52.0) |
|
|
|
|
|
| |
|
Year to date |
|
|
(289.7) |
|
(235.8) |
|
(53.9) |
|
|
(55.3) |
|
|
(96.8) |
|
|
|
|
|
| |
- Deferred taxation |
June 2012 |
|
|
(62.3) |
|
(37.7) |
|
(24.6) |
|
|
89.0 |
|
|
(116.0) |
|
|
|
|
|
| |
|
March 2012 |
|
|
(750.4) |
|
(649.4) |
|
(101.0) |
|
|
(47.4) |
|
|
(138.0) |
|
|
|
|
|
| |
|
Year to date |
|
|
(812.7) |
|
(687.1) |
|
(125.6) |
|
|
41.6 |
|
|
(254.0) |
|
|
|
|
|
| |
Profit before non-recurring items |
June 2012 |
|
|
685.2 |
|
626.9 |
|
58.3 |
|
|
383.6 |
|
|
268.8 |
|
|
|
|
|
| |
|
March 2012 |
|
|
282.4 |
|
221.7 |
|
60.7 |
|
|
399.5 |
|
|
312.6 |
|
|
|
|
|
| |
|
Year to date |
|
|
967.6 |
|
848.6 |
|
119.0 |
|
|
783.1 |
|
|
581.4 |
|
|
|
|
|
| |
Non-recurring items |
June 2012 |
|
|
(10.8) |
|
(1.6) |
|
(9.2) |
|
|
0.1 |
|
|
(5.8) |
|
|
|
|
|
| |
|
March 2012 |
|
|
(9.2) |
|
- |
|
(9.2) |
|
|
(6.8) |
|
|
0.2 |
|
|
|
|
|
| |
|
Year to date |
|
|
(20.0) |
|
(1.6) |
|
(18.4) |
|
|
(6.7) |
|
|
(5.6) |
|
|
|
|
|
| |
Net profit |
June 2012 |
|
|
674.4 |
|
625.3 |
|
49.1 |
|
|
383.7 |
|
|
263.0 |
|
|
|
|
|
| |
|
March 2012 |
|
|
273.2 |
|
221.7 |
|
51.5 |
|
|
392.7 |
|
|
312.8 |
|
|
|
|
|
| |
|
Year to date |
|
|
947.6 |
|
847.0 |
|
100.6 |
|
|
776.4 |
|
|
575.8 |
|
|
|
|
|
| |
Normalised earnings - net earnings excluding gains and |
June 2012 |
|
|
704.0 |
|
643.8 |
|
60.2 |
|
|
408.6 |
|
|
262.5 |
|
|
|
|
|
| |
losses on foreign exchange, financial instruments, non- |
March 2012 |
|
|
291.8 |
|
231.2 |
|
60.6 |
|
|
386.8 |
|
|
313.2 |
|
|
|
|
|
| |
recurring items and share of results of associates after |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
royalties and taxation |
Year to date |
|
|
995.8 |
|
875.0 |
|
120.8 |
|
|
795.4 |
|
|
575.7 |
|
|
|
|
|
| |
Capital expenditure |
June 2012 |
|
|
(713.9) |
|
(480.1) |
|
(233.8) |
|
|
(165.1) |
|
|
(779.7) |
|
(606.3) |
|
(173.4) |
|
| |
|
March 2012 |
|
|
(579.1) |
|
(368.6) |
|
(210.5) |
|
|
(131.7) |
|
|
(494.0) |
|
(402.0) |
|
(92.0) |
|
| |
|
Year to date |
|
|
(1,293.0) |
|
(848.7) |
|
(444.3) |
|
|
(296.8) |
|
|
(1,273.7) |
|
(1,008.3) |
|
(265.4) |
|
# 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.
|
