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 | 2011 | 2010 |
|---|---|---|---|
| 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 | |