Income statement
International Financial Reporting Standards Basis
Figures are in millions unless otherwise stated
| |
SOUTH AFRICAN RAND |
December |
|
September |
|
December |
|
December |
|
December |
|
| 2010 |
|
2009 |
|
2010 |
|
| |
Revenue |
9,255.3 |
|
9,052.8 |
|
8,066.9 |
|
18,308.1 |
|
15,482.7 |
|
| |
Operating costs, net |
(5,015.4) |
|
(5,132.0) |
|
(4,589.0) |
|
(10,147.4) |
|
(9,217.6) |
|
| |
- Operating costs |
(5,047.6) |
(5,173.4) |
|
(4,665.4) |
|
(9,309.5) |
|
| |
- Gold inventory change |
32.2 |
|
41.4 |
|
76.4 |
|
91.9 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Operating profit |
4,239.9 |
|
3,920.8 |
|
3,477.9 |
|
8,160.7 |
|
6,265.1 |
|
| |
Amortisation and depreciation |
(1,333.5) |
|
(1,442.5) |
|
(1,156.0) |
|
(2,776.0) |
|
(2,329.8) |
|
| |
Net operating profit |
2,906.4 |
|
2,478.3 |
|
2,321.9 |
|
5,384.7 |
|
3,935.3 |
|
| |
Net interest paid |
(64.7) |
|
(69.6) |
|
(23.1) |
|
(134.3) |
|
(72.3) |
|
| |
Share of gain/(loss) of associates after taxation |
11.0 |
|
(217.6) |
|
43.8 |
|
(206.6) |
|
28.0 |
|
| |
Gain/(loss) on foreign exchange |
1.4 |
|
(11.1) |
|
7.7 |
|
(9.7) |
|
(55.0) |
|
| |
Gain/(loss) on financial instruments |
9.5 |
|
(2.6) |
|
(54.7) |
|
6.9 |
|
(186.5) |
|
| |
Share-based payments |
(73.9) |
|
(119.0) |
|
(121.1) |
|
(192.9) |
|
(241.2) |
|
| |
Other |
(79.7) |
|
(23.7) |
|
(25.3) |
|
(103.4) |
|
(30.7) |
|
| |
Exploration |
(223.2) |
|
(123.5) |
|
(167.7) |
|
(346.7) |
|
(300.5) |
|
| |
Feasibility and evaluation costs |
(66.4) |
|
- |
|
- |
|
(66.4) |
|
- |
|
| |
Profit before royalties, taxation and non-recurring items |
2,420.4 |
|
1,911.2 |
|
1,981.5 |
|
4,331.6 |
|
3,077.1 |
|
| |
Non-recurring items |
(2,328.9) |
|
(138.3) |
|
432.0 |
|
(2,467.2) |
|
1,098.8 |
|
| |
Profit before royalties and taxation |
91.5 |
|
1,772.9 |
|
2,413.5 |
|
1,864.4 |
|
4,175.9 |
|
| |
Royalties |
(91.9) |
|
(217.5) |
|
(107.5) |
|
(309.4) |
|
(205.0) |
|
| |
(Loss)/profit before taxation |
(0.4) |
|
1,555.4 |
|
2,306.0 |
|
1,555.0 |
|
3,970.9 |
|
| |
Mining and income taxation |
(560.6) |
|
(631.5) |
|
(723.9) |
|
(1,192.1) |
|
(1,264.5) |
|
| |
- Normal taxation |
(679.7) |
(459.2) |
|
(403.6) |
|
(736.1) |
|
| |
- Deferred taxation |
119.1 |
|
(172.3) |
|
(320.3) |
|
(528.4) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Net (loss)/profit |
(561.0) |
|
923.9 |
|
1,582.1 |
|
362.9 |
|
2,706.4 |
|
| |
Attributable to: |
|
|
|
|
|
|
|
|
|
|
| |
- Owners of the parent |
(777.2) |
|
700.9 |
|
1,408.6 |
|
(76.3) |
|
2,415.8 |
|
| |
- Non-controlling interest |
216.2 |
|
223.0 |
|
173.5 |
|
439.2 |
|
290.6 |
|
| |
Non-recurring items: |
|
|
|
|
|
|
|
|
|
|
| |
(Loss)/profit on sale of investments |
(3.5) |
|
1.0 |
|
30.0 |
|
(2.5) |
|
758.7 |
|
| |
Profit on sale of assets |
2.2 |
|
2.7 |
|
0.1 |
|
4.9 |
|
1.1 |
|
| |
Restructuring costs |
(179.2) |
|
(142.0) |
|
2.6 |
|
(321.2) |
|
(3.2) |
|
| |
Gain on financial instruments |
- |
|
- |
|
402.1 |
|
- |
|
402.1 |
|
| |
Share-based payments on BEE transaction |
(2,124.8) |
|
- |
|
- |
|
(2,124.8) |
|
- |
|
| |
- ESOP |
(1,227.3) |
- |
|
- |
|
- |
|
| |
- South Deep transaction |
(824.8) |
|
- |
|
- |
|
(824.8) |
|
- |
|
| |
- GFIMSA transaction |
(72.7) |
|
- |
|
- |
|
- |
|
| |
Impairment of investments |
- |
|
- |
|
(2.8) |
|
- |
|
(59.9) |
|
| |
Other |
(23.6) |
|
- |
|
- |
|
(23.6) |
|
- |
|
| |
Total non-recurring items |
(2,328.9) |
|
(138.3) |
|
432.0 |
|
(2,467.2) |
|
1,098.8 |
|
| |
Taxation |
58.6 |
|
50.0 |
|
(57.3) |
|
108.6 |
|
(171.9) |
|
| |
Net non-recurring items after taxation and non-controlling interest |
(2,270.3) |
|
(88.3) |
|
374.7 |
|
(2,358.6) |
|
926.9 |
|
| |
Net (loss)/earnings |
(777.2) |
|
700.9 |
|
1,408.6 |
|
(76.3) |
|
2,415.8 |
|
| |
Net (loss)/earnings per share (cents) |
(110) |
|
99 |
|
200 |
|
(11) |
|
343 |
|
| |
Diluted (loss)/ earnings per share (cents) |
(109) |
|
98 |
|
198 |
|
(11) |
|
339 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
Headline (loss)/earnings |
(775.7) |
|
698.5 |
|
1,381.4 |
|
(77.2) |
|
1,833.0 |
|
| |
Headline (loss)/earnings per share (cents) |
(110) |
|
99 |
|
196 |
|
(11) |
|
260 |
|
| |
Diluted headline (loss)/ earnings per share (cents) |
(109) |
|
98 |
|
194 |
|
(11) |
|
257 |
|
| |
Net earnings excluding gains and losses on foreign exchange, financial |
|
|
|
|
|
|
|
|
|
|
| |
instruments, non-recurring items and share of gain/(loss) of associates after |
|
|
|
|
|
|
|
|
|
|
| |
royalties and taxation |
1,474.6 |
|
1,016.3 |
|
1,021.9 |
|
2,490.9 |
|
1,646.7 |
|
| |
Net earnings per share excluding gains and losses on foreign exchange, |
|
|
|
|
|
|
|
|
|
|
| |
financial instruments, non-recurring items and share of gain/(loss) of |
|
|
|
|
|
|
|
|
|
|
| |
associates after royalties and taxation (cents) |
206 |
|
144 |
|
145 |
|
350 |
|
234 |
|
| |
Gold sold – managed kg |
30,449 |
|
31,289 |
|
30,576 |
|
61,738 |
|
61,326 |
|
| |
Gold price received R/kg |
303,958 |
|
289,329 |
|
263,828 |
|
296,545 |
|
252,464 |
|
| |
Total cash cost R/kg |
161,894 |
|
164,898 |
|
147,648 |
|
163,416 |
|
147,495 |
|
|
