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Five year summaries

for the year ended 31 December

Summarised group financial results – income statement
US Dollar million 2011 2010 2009 2008 2007
Gold income 6,570 5,334 3,768 3,619 3,002
Cost of sales (3,946) (3,550) (2,813) (2,728) (2,458)
Loss on non-hedge derivatives and other commodity contracts (1) (702) (1,533) (297) (792)
Gross profit (loss) 2,623 1,082 (578) 594 (248)
Corporate administration, marketing and other expenses (278) (220) (164) (144) (144)
Exploration costs (279) (198) (150) (126) (117)
Other operating expenses (27) (20) (8) (6) (20)
Special items 163 (126) 691 (1,538) (13)
Operating profit (loss) 2,202 518 (209) (1,220) (542)
Interest received 52 43 54 66 43
Exchange gain (loss) 2 3 112 4 (1)
Dividend received from other investments 2
Fair value adjustment on convertible bonds 188 (56) (33) 25 47
Finance costs and unwinding of obligations (196) (166) (139) (114) (120)
Share of equity accounted investments’ profit (loss) 73 63 94 (138) 35
Profit (loss) before taxation 2,321 405 (121) (1,377) (536)
Taxation (723) (276) (147) 197 (101)
Profit (loss) after taxation from continuing operations 1,598 129 (268) (1,180) (637)
Discontinued operations          
Profit from discontinued operations 25 1
Profit (loss) for the year 1,598 129 (268) (1,155) (636)
Allocated as follows:          
Equity shareholders 1,552 76 (320) (1,195) (668)
Non-controlling interests 46 53 52 40 32
  1,598 129 (268) (1,155) (636)
Summarised group financial results – statement of financial position
US dollar million 2011 2010 2009 2008 2007
Assets          
Tangible and intangible assets 6,735 6,374 5,996 4,493 7,041
Cash and cash equivalents (1) 1,112 575 1,100 575 477
Other assets 2,955 2,583 2,691 2,992 2,190
Total assets 10,802 9,532 9,787 8,060 9,708
Equity and liabilities        
Total equity 5,166 4,113 3,030 2,511 2,442
Borrowings 2,488 2,704 1,931 1,933 1,848
Deferred taxation 1,158 900 753 617 1,042
Other liabilities 1,990 1,815 4,073 2,999 4,376
Total equity and liabilities 10,802 9,532 9,787 8,060 9,708
Summarised group financial results – statement of cash flows
US Dollar million 2011 2010 2009 2008 2007
Cash flows from operating activities          
Cash generated from operations 2,923 1,714 1,345 632 983
Cash utilised by discontinued operations (1) (2)
Dividends received from equity accounted investments 111 143 101 78 65
Net taxation paid (379) (188) (147) (125) (180)
Cash utilised for hedge buy-back costs (2,611) (797) (1,113)
Net cash inflow (outflow) from operating activities 2,655 (942) 502 (529) 866
Cash flows from investing activities          
Capital expenditure (1,393) (973) (1,019) (1,194) (1,015)
Net (payments) proceeds from acquisition and disposal of subsidiaries, associates and joint ventures (117) (44) (354) 10 1
Net (payments) proceeds from disposal and acquisition of investments, associate loans, and acquisition and disposal of tangible assets (62) 95 1,132 82 (13)
Interest received 39 32 55 67 35
(Increase) decrease in cash restricted for use (19) 25 (10) (6) (25)
Other (12) (6) 1 2
Net cash outflow from investing activities (1,564) (871) (195) (1,041) (1,015)
Cash flows from financing activities          
Net proceeds from share issues 9 778 295 1,668 34
Net (repayments) proceeds from borrowings (159) 648 43 239 323
Finance costs paid (144) (115) (111) (93) (72)
Dividends paid (169) (117) (56) (58) (144)
Net cash (outflow) inflow from financing activities (463) 1,194 171 1,756 141
Net increase (decrease) in cash and cash equivalents 628 (619) 478 186 (8)
Translation (102) 105 47 (88) 14
Cash and cash equivalents at beginning of year 586 1,100 575 477 471
Cash and cash equivalents at end of year(1) 1,112 586 1,100 575 477
  1. (1) The cash and cash equivalents balance at 31 December 2010 includes cash and cash equivalents included in the statement of financial position as part of non-current assets held for sale of $11m.
Ratios and statistics
    2011 2010 2009 2008 2007
Earnings            
Adjusted gross profit (loss)(1) $m 2,624 (1,191) 412 (384) 835
Adjusted gross margin % 40 (51) 13 (16) 25
Headline earnings (loss) $m 1,484 122 (852) (30) (648)
Adjusted headline earnings (loss)(1) $m 1,297 (1,758) (50) (897) 278
Adjusted headline earnings excluding hedge          
buy-back costs(1) $m 1,297 787 708 19 278
EBITDA excluding hedge buy-back costs(1) $m 3,014 1,897 1,663 1,131 1,224
EBITDA margin excluding hedge buy-back costs % 46 38 41 33 37
Interest cover(1) times 21 16 14 10 11
Earnings (loss) per ordinary share          
Basic US cents 402 20 (89) (377) (237)
Diluted US cents 346 20 (89) (377) (237)
Headline US cents 384 33 (236) (9) (230)
Adjusted headline(1) US cents 336 (473) (14) (283) 99
Dividends per ordinary share US cents 49 20 17 11 19
Asset and debt management          
Equity(1) $m 5,926 4,987 3,030 2,511 2,442
Net capital employed(1) $m 7,506 7,017 4,876 4,683 5,360
Net debt(1) $m 610 1,288 868 1,283 1,318
Net asset value – per share(1) US cents 1,540 1,299 828 702 867
Net tangible asset value – per share(1) US cents 1,485 1,248 779 661 718
Market capitalisation(1)   16,226 18,767 14,555 9,795 11,878
Return on equity excluding hedge buy-back costs(1) % 25 20 26 1 10
Return on net capital employed excluding hedge buy-back costs(1) % 20 15 17 1 6
Net debt to equity % 10 26 29 51 54
Other          
Weighted average number of shares million 386 372 361 317 281
Issued shares at year-end million 385 384 366 357 282
Exchange rates          
Rand/dollar average exchange rate   7.26 7.30 8.39 8.25 7.03
Rand/dollar closing exchange rate   8.04 6.57 7.44 9.46 6.81
Australian dollar/dollar average exchange rate   0.97 1.09 1.26 1.17 1.19
Australian dollar/dollar closing exchange rate   0.97 0.98 1.12 1.44 1.14
Brazilian real/dollar average exchange rate   1.68 1.76 2.00 1.84 1.95
Brazilian real/dollar closing exchange rate   1.87 1.67 1.75 2.34 1.78
  1. (1) Refer to Non-GAAP disclosure notes.
Summarised group operating results
    2011 2010 2009 2008 2007
Underground operations
Metric tonnes milled 000 10,838 11,092 11,944 12,335 13,112
Yield g/t 6.69 6.66 6.41 6.89 6.99
Gold produced 000 oz 2,334 2,374 2,461 2,734 2,948
Surface and dump reclamation
Metric tonnes treated 000 10,736 11,081 12,779 11,870 12,429
Yield g/t 0.49 0.55 0.51 0.42 0.49
Gold produced 000 oz 171 196 208 161 197
Open-pit operations
Metric tonnes mined 000 158,686 159,352 167,000 175,999 172,487
Stripping ratio (1) 5.66 5.02 5.58 5.24 4.48
Metric tonnes treated 000 26,518 26,028 25,582 25,388 25,312
Yield g/t 1.77 1.95 1.96 2.12 2.34
Gold produced 000 oz 1,513 1,631 1,609 1,734 1,904
Heap-leach operations
Metric tonnes mined 000 71,087 67,194 57,456 54,754 59,720
Metric tonnes placed (2) 000 21,725 21,963 19,887 23,462 22,341
Stripping ratio (1) 2.46 2.17 1.94 1.43 1.77
Recoverable gold placed (3) kg 9,585 10,949 12,958 14,496 16,242
Yield (4) g/t 0.44 0.50 0.65 0.62 0.73
Gold produced 000 oz 313 314 321 353 428
Total gold produced 000 oz 4,331 4,515 4,599 4,982 5,477
– South Africa 1,624 1,785 1,797 2,099 2,328
– Continental Africa 1,570 1,492 1,585 1,631 1,655
– Australasia 246 396 401 433 600
– Americas 891 842 816 819 894
Average price received (8) $/oz sold 1,576 561 751 485 629
Total cash costs $/oz produced 728 638 514 444 357
Total production costs $/oz produced 950 816 646 567 476
Capital expenditure $m 1,527 1,015 1,027 1,201 1,059
Monthly average number of employees 61,242 62,046 63,364 62,895 61,522
Productivity per employee (5) oz/TEC 9.32 9.15 9.40 9.94 11.23
All injury frequency rate (AIFR) (6) 9.76 11.50 12.88 16.66 20.95
Number of fatalities 15 15 15 14 34
Fatality injury frequency rate (FIFR) (7) 0.09 0.10 0.09 0.09 0.21
Definitions
  1. (1)Stripping ratio – (total tonnes mined – ore tonnes mined)/ore tonnes mined.
  2. (2)Tonnes placed onto leach pad.
  3. (3)Recoverable gold placed onto leach pad inventory.
  4. (4)Recoverable gold placed/tonnes placed.
  5. (5)Total ounces per total employees costed.
  6. (6)The total number of injuries (including fatalities) per million hours worked.
  7. (7)The total number of fatalities per million hours worked.
Comments
  1. (8)Average gold price received was negatively impacted by the hedge book during the three years from 2008 to 2010, during which period the process of eliminating the hedge book was completed.