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Income Statement

For the year ended 31 December

The company annual financial statements represent the South African operations and corporate office.

These company annual financial statements are a statutory requirement and are accordingly presented in South African rands only.
The functional currency of the company is South African rands.

 
Figures in million Notes 20112010
    SA Rands
Revenue 1 27,578 34,634
Gold income 1 18,610 15,827
Cost of sales 2 (10,708) (10,579)
Loss on non-hedge derivatives and other commodity contracts 31 (1,483)
Gross profit   7,902 3,765
Corporate administration, marketing and other expenses   (1,324) (1,026)
Exploration costs   (143) (99)
Other operating expenses 3 (39) (29)
Special items 4 (268) (592)
Operating profit   6,128 2,019
Dividends received from subsidiaries 1 8,032 18,304
Impairment of investments in subsidiaries 12 (3,770) (13,788)
Impairment of investments in associates 11 (17) (6)
Interest received 1 142 127
Net inter-company management fee and interest   25 35
Exchange (loss) gain   (115) 35
Finance costs and unwinding of obligations 5 (120) (107)
Profit before taxation 6 10,305 6,619
Taxation 8 (2,603) (344)
Profit for the year   7,702 6,275