Income statement
International Financial Reporting Standards Basis
Figures are in millions unless otherwise stated
|
SOUTH AFRICAN RAND |
Quarter |
Six months to |
|
|
December |
|
September |
|
December |
|
December |
|
December |
|
|
|
2008 |
|
2008 |
|
2007 |
|
2008 |
|
2007 |
|
|
Revenue |
7,074.4 |
|
5,723.6 |
|
5,429.7 |
|
12,798.0 |
|
10,447.9 |
|
|
Operating Costs, net |
4,508.5 |
|
4,149.7 |
|
3,392.4 |
|
8,658.2 |
|
6,694.3 |
|
|
- Operating costs |
4,542.3 |
|
4,233.2 |
|
3,341.2 |
|
8,775.5 |
|
6,633.1 |
|
|
- Gold inventory change |
(33.8) |
|
(83.5) |
|
51.2 |
|
(117.3) |
|
61.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit |
2,565.9 |
|
1,573.9 |
|
2,037.3 |
|
4,139.8 |
|
3,753.6 |
|
|
Amortisation and depreciation |
1,032.8 |
|
901.5 |
|
762.7 |
|
1,934.3 |
|
1,533.8 |
|
|
Net operating profit |
1,533.1 |
|
672.4 |
|
1,247.6 |
|
2,205.5 |
|
2,219.8 |
|
|
Net interest paid |
(164.2) |
|
(111.5) |
|
(92.2) |
|
(275.7) |
|
(187.3) |
|
|
Share of loss of associates after taxation |
(46.6) |
|
(104.2) |
|
- |
|
(150.8) |
|
- |
|
|
Gain/(loss) on foreign exchange |
45.5 |
|
(6.1) |
|
(5.1) |
|
39.4 |
|
(17.4) |
|
|
Loss on financial instruments |
(65.9) |
|
(55.8) |
|
(187.6) |
|
(121.7) |
|
(178.7) |
|
|
Share-based payments |
(94.3) |
|
(93.9) |
|
(28.2) |
|
(188.2) |
|
(50.6) |
|
|
Other |
(51.5) |
|
(21.0) |
|
18.0 |
|
(72.5) |
|
29.1 |
|
|
Exploration |
(136.1) |
|
(67.7) |
|
(78.7) |
|
(203.8) |
|
(163.3) |
|
|
Profit before tax and exceptional items |
1,020.0 |
|
212.2 |
|
900.8 |
|
1,232.2 |
|
1,651.6 |
|
|
Exceptional (loss)/gain |
(5.0) |
|
114.4 |
|
1,416.6 |
|
109.4 |
|
1,445.9 |
|
|
Profit before taxation |
1,015.0 |
|
326.6 |
|
2,317.4 |
|
1,341.6 |
|
3,097.5 |
|
|
Mining and income taxation |
496.1 |
|
256.9 |
|
418.4 |
|
753.0 |
|
707.5 |
|
|
- Normal taxation |
198.5 |
|
203.5 |
|
284.5 |
|
402.0 |
|
508.3 |
|
|
- Deferred taxation |
297.6 |
|
53.4 |
|
133.9 |
|
351.0 |
|
199.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net profit from continued operations |
518.9 |
|
69.7 |
|
1,899.0 |
|
588.6 |
|
2,390.0 |
|
|
Profit from discontinued operations |
- |
|
- |
|
45.2 |
|
- |
|
37.0 |
|
|
Profit adjustment on sale of Venezuelan assets |
- |
|
- |
|
74.2 |
|
- |
|
74.2 |
|
|
Net profit |
518.9 |
|
69.7 |
|
2,018.4 |
|
588.6 |
|
2,501.2 |
|
|
Attributable to: |
|
|
|
|
|
|
|
|
|
|
|
- Ordinary shareholders |
483.1 |
|
39.2 |
|
1,938.0 |
|
522.3 |
|
2,366.6 |
|
|
- Minority shareholders |
35.8 |
|
30.5 |
|
80.4 |
|
66.3 |
|
134.6 |
|
|
Exceptional items: |
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) on sale of investments |
1.6 |
|
(0.9) |
|
1,414.7 |
|
0.7 |
|
1,414.7 |
|
|
(Loss)/profit on sale of assets |
(2.9) |
|
1.9 |
|
1.9 |
|
(1.0) |
|
31.2 |
|
|
South Deep restructuring |
(2.9) |
|
(18.8) |
|
- |
|
(21.7) |
|
- |
|
|
Insurance claim – South Deep |
(3.6) |
|
132.2 |
|
- |
|
128.6 |
|
- |
|
|
Total exceptional items |
(5.0) |
|
114.4 |
|
1,416.6 |
|
109.4 |
|
1,445.9 |
|
|
Taxation |
0.8 |
|
(46.1) |
|
(8.3) |
|
(45.3) |
|
(19.5) |
|
|
Net exceptional items after tax and minorities |
(4.2) |
|
68.3 |
|
1,408.3 |
|
64.1 |
|
1,426.4 |
|
|
Net earnings |
483.1 |
|
39.2 |
|
1,938.0 |
|
522.3 |
|
2,366.6 |
|
|
Net earnings per share (cents) |
74 |
|
6 |
|
297 |
|
80 |
|
363 |
|
|
Diluted earnings per share (cents) |
69 |
|
6 |
|
277 |
|
75 |
|
339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Headline earnings |
484.1 |
|
38.9 |
|
455.5 |
|
523.0 |
|
866.0 |
|
|
Headline earnings per share (cents) |
74 |
|
6 |
|
70 |
|
80 |
|
133 |
|
|
Net earnings excluding gains and losses on foreign exchange, |
542.3 |
|
120.3 |
|
602.9 |
|
662.6 |
|
1,010.6 |
|
|
financial instruments, exceptional items, share of loss of associates |
|
|
|
|
|
|
|
|
|
|
|
after taxation and discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
Net earnings per share excluding gains and losses on foreign |
83 |
|
18 |
|
93 |
|
101 |
|
155 |
|
|
exchange, financial instruments, exceptional items, share of loss of |
|
|
|
|
|
|
|
|
|
|
|
associates after taxation and discontinued operations (cents) |
|
|
|
|
|
|
|
|
|
|
|
R/kgGold sold – managed |
kg |
|
28,291 |
|
26,305 |
|
31,848 |
|
54,596 |
|
64,154 |
|
|
|
250,058 |
|
217,586 |
|
170,488 |
|
234,413 |
|
162,857 |
|
|
|
153,893 |
|
153,461 |
|
101,532 |
|
153,685 |
|
99,988 |
|
|