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INTERNATIONAL FINANCIAL REPORTING STANDARDS BASIS INCOME STATEMENT SA Rand

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INTERNATIONAL FINANCIAL REPORTING STANDARDS BASIS INCOME STATEMENT SA Rand Powered By Docstoc
					INTERNATIONAL FINANCIAL REPORTING STANDARDS BASIS

INCOME STATEMENT
                                                                             SA Rand


                                                                             Quarter
                                                            September-04     June-04

Revenue                                                           2,704.8        2,869.2
Operating cost                                                    2,335.9        2,363.5
Gold inventory change                                               (87.1)         (39.5)
Operating profit                                                    456.0          545.2
Amortisation and depreciation                                       370.7          332.2
Net operating profit                                                 85.3          213.0
Finance income / (cost)                                              32.3          104.0
 - Net Interest and investment income/cost                           16.3           27.9
 - Exchange gain/(loss) on foreign debt and cash                     16.0           76.1
(Loss)/gain on financial instruments                                151.7          (71.1)
Other (expenses)/income                                              (4.5)         (31.3)
Exploration                                                         (54.9)         (61.7)
Profit before taxation and exceptional items                        209.9          152.9
Exceptional gain/(loss)                                                -          (432.2)
(Loss)/profit before taxation                                       209.9         (279.3)
Mining and income taxation                                           85.9         (124.2)
 - Normal taxation                                                   63.3           48.3
 - Deferred taxation                                                 22.6         (172.5)
(Loss)/profit after taxation                                        124.0         (155.1)
Minority interest                                                    21.9           30.4
Net earnings                                                        102.1         (185.5)




Exceptional items:
Profit on sale of investments                                          -              -
Write off of mineral rights                                            -             0.1
Profit on sale of mineral rights                                       -              -
Impairment of assets                                                   -          (426.2)
Other                                                                  -            (5.9)
Total exceptional items                                                -          (432.2)
Taxation                                                               -           112.8
Net exceptional items after tax                                        -          (319.4)

Net earnings per share (cents)                                        21            (39)
Headline earnings                                                   102.1         128.9
Headline earnings per share (cents)                                   21             26
Diluted earnings per share (cents)                                    20            (40)
Net earnings excluding gains and losses on financial
instruments and foreign debt, net of cash and exceptional
items                                                                (5.5)        102.3
Net earnings per share excluding gains and losses on
financial instruments and foreign debt, net of cash and
exceptional items (cents)                                              (1)             21

Gold sold - managed     kg                                         33,060        34,267
Gold price received     R/kg                                       81,815        83,731
Total cash costs   R/kg   66,516   66,218
SA Rand


Quarter
          September-03

                2,952.4
                2,341.8
                   40.8
                  569.8
                  298.8
                  271.0
                   21.9
                   20.8
                    1.1
                   36.4
                   12.4
                  (55.1)
                  286.6
                  204.5
                  491.1
                   37.3
                   47.8
                  (10.5)
                  453.8
                   32.6
                  421.2




                   16.1
                     -
                  187.2
                     -
                    1.2
                  204.5
                   52.3
                  256.8

                    89
                  164.4
                    35
                    89


                  136.4


                    29

                 34,257
                 86,184
67,566

				
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