ANNUAL REPORT 2008
  GROUP IN BRIEF
 
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COMPARABLE GROUP REVIEW AT A GLANCE
 

The supplementary information on pages 6 and 7 has been compiled using the following assumptions:
– Namakwa Sands was consolidated from 1 January 2007.
– the 26% equity interest in Black Mountain Mining (Pty) Limited was equity accounted from
   1 January 2007, despite the actual consolidation and equity accounting from 1 October and
   1 November 2008 respectively.

 
    12 months ended
    31 December
    2008     2007  
     Unaudited      Unaudited  
    Rm     Rm  
 COMPARABLE INCOME STATEMENTS        
 Revenue   15 209     11 449  
 Net operating profit   2 811     1 640  
 Net financing costs   (457)    (453) 
 Investment and equity income   1 603     685  
 Income tax expense   (546)    (500) 
 Minority interest   24     (20) 
 Add back items for headline earnings   228     22  
 Headline earnings   3 663     1 374  
 Headline earnings per share (cents)   1 068     403  
 Dividends per share (cents)    375     160  
 Average realised exchange rate (R/US$)   8,10     7,26  
 COMPARABLE STATEMENTS OF CASH FLOWS        
 Cash flows from operating activities   2 131     1 507  
 Cash flows from investing activities   (973)    (4 123) 
 Cash flows from financing activities   2 765     (453) 
 Net increase/(decrease) in cash and cash equivalents   3 923     (3 069) 
    At 31 December  
    2008     2007  
     Unaudited      Unaudited  
    Rm     Rm  
 GROUP STATEMENTS OF FINANCIAL POSITION        
 Assets        
 Non-current assets        
 Property, plant and equipment   11 309     10 343  
 Biological assets   34     30  
 Intangible assets   79     76  
 Investments in associates and joint ventures   1 849     712  
 Deferred tax   1 083     732  
 Financial assets   1 577     1 046  
 Current assets        
 Cash and cash equivalents    1 769      850  
 Inventories, trade and other receivables   5 407     4 101  
 Non-current assets classified as held for sale   78     2  
 Total assets   23 185     17 892  
 Equity and liabilities        
 Capital and reserves        
 Equity attributable to owners of the parent   12 996     9 728  
 Minority interest   128     19  
 Total equity   13 124     9 747  
 Non-current liabilities        
 Interest-bearing borrowings    3 650      3 798  
 Non-current provisions   1 746     1 414  
 Financial liabilities   31      
 Deferred tax   1 257     1 065  
 Current liabilities        
 Interest-bearing borrowings     500      74  
 Other   2 827     1 794  
 Non-current liabilities classified as held for sale   50      
 Total equity and liabilities   23 185      17 892  
 Net debt   2 381     3 022  
 ANALYSIS PER SHARE         
 Number of shares in issue (million)    355     353  
 Weighted average number of shares in issue (million)   343     341  
 Earnings per ordinary share        
 – Attributable earnings (cents)   1 002      396  
 – Headline earnings (cents)   1 068     403  
 Dividend declared per ordinary share (cents)   375     160  
 Dividend cover (times)   2,67     2,48  
 Net asset value per ordinary share (cents)   3 661     2 756  
 Attributable cash flow per ordinary share (cents)   681     440  
 
 
   
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