ANNUAL REPORT 2008
  SUPPLEMENTARY FINANCIAL INFORMATION
 
Downloads
  decrease text size   increase text size   print page   email us Annual report search  
   
 
 
SUPPLEMENTARY FINANCIAL INFORMATION
   
Supplementary information is compiled using the following assumptions:
– the investment in Black Mountain is equity accounted from 1 January 2007
– Namakwa Sands is consolidated from 1 January 2007
 
   
  31 December  
INCOME STATEMENTS for the year ended 2008  
Unaudited  
Rm  		   2007 
Unaudited 
Rm 		  
Revenue 15 209     11 449   
Operating expenses (12 398)    (9 809)  
NET OPERATING PROFIT 2 811     1 640   
Net financing costs (457)    (453)  
Income from investments 2     2   
Income from equity-accounted investments 1 601     683   
PROFIT BEFORE TAX 3 957     1 872   
Income tax expense (546)    (500)  
PROFIT FOR THE YEAR 3 411     1 372   
Profit attributable to:        
Owners of the parent 3 435     1 352   
Minority interest (24)    20   
  3 411     1 372   
Ordinary shares (million)        
– in issue 355     353   
– weighted average number of shares 343     341   
– diluted weighted average number of shares 361     355   
ATTRIBUTABLE EARNINGS PER SHARE (CENTS)        
– basic 1 002     396   
– diluted 952     381   
RECONCILIATION OF HEADLINE EARNINGS        
Net profit attributable to owners of the parent Adjusted for: 3 435     1 352   
– IAS 16 Impairment of property, plant and equipment 21     23   
– IAS 16 Gains or losses on disposal of property, plant and equipment 68     18   
– IAS 16 Reversal of impairment of property, plant and equipment (1)       
– IAS 27 Gains on the disposal of a subsidiary (7)       
– IAS 28 Gains or losses on the disposal of associates or joint ventures        
– IAS 28 Share of associates’ IAS 16 – Gains or losses on disposal of
   equipment		 2     (3)  
– IAS 28 Share of associates’ IAS 39 – Recycling of re-measurements from income statement, including a hedge of net investment in a foreign entity but excluding cash flow hedges
4     (7)  
– IAS 28 Share of associates’ IAS 16 – Impairment of property, plant and
   equipment		 161        
– IAS 36 Impairment reversal of investment     (6)  
Tax on adjustments (20)    (3)  
HEADLINE EARNINGS 3 663     1 374   
HEADLINE EARNINGS PER SHARE (CENTS)        
– basic 1 068     403   
– diluted 1 015     387   
 
   
  At 31 December  
STATEMENTS OF FINANCIAL POSITION at 31 December 2008  
Unaudited  
Rm  		   2007 
Unaudited 
Rm 		  
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   
Total non-current assets 15 931     12 939   
Current assets        
Inventories 2 481     1 812   
Trade and other receivables 2 924     2 289   
Current tax receivable 2        
Cash and cash equivalents 1 769     850   
Total current assets 7 176     4 951   
Non-current assets classified as held for sale 78     2   
TOTAL ASSETS 23 185     17 892   
EQUITY AND LIABILITIES        
Capital and reserves        
Share capital 2 098     2 067   
Other components of equity 2 190     1 502   
Retained income 8 708     6 159   
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   
Total non-current liabilities 6 684     6 277   
Current liabilities        
Trade and other payables 2 366     1 630   
Interest-bearing borrowings 500     74   
Current tax payable 440     137   
Current provisions 21        
Shareholders for dividend     27   
Total current liabilities 3 327     1 868   
Non-current liabilities classified as held for sale 50        
TOTAL EQUITY AND LIABILITIES 23 185     17 892   
NET DEBT 2 381     3 022   
STATEMENTS OF CASH FLOWS for the year ended 31 December        
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)  
 
   
   
   
  Back to top