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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 2,655 (942) 502 (529) 866
Cash flows from investing activities (1,564) (871) (195) (1,041) (1,015)
Cash flows 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.
Key performance indicators and statistics
    2011 2010 2009 2008 2007
Safety            
Number of fatalities   15 15 15 14 34
All injury frequency rate (AIFR) (1)   9.76 11.50 12.88 16.66 20.95
Productivity          
Productivity per employee (2) oz/TEC 9.32 9.15 9.40 9.94 11.23
Environment and community          
Number of reportable environmental incidents   27 27 51 55 49
Production          
Gold produced 000oz 4,331 4,515 4,599 4,982 5,477
Ore Reserve Moz 75.6 71.2 70.6 74.9 73.1
Costs          
Total cash costs $/oz 728 638 514 444 357
Total production costs $/oz 950 816 646 567 476
Capital expenditure $m 1,527 1,015 1,027 1,201 1,059
Earnings          
Average price received (3) $/oz 1,576 561 751 485 629
Headline earnings (loss) $m 1,484 122 (852) (30) (648)
Adjusted headline earnings (loss) (4) $m 1,297 (1,758) (50) (897) 278
Adjusted headline earnings excluding          
hedge buy-back costs (4) $m 1,297 787 708 19 278
Profit (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 (4) US cents 336 (473) (14) (283) 99
Dividends per ordinary share US cents 49 20 17 11 19
Return on equity excluding hedge buy-back costs (4) % 25 20 26 1 10
Return on net capital employed excluding hedge buy-back costs (4) % 20 15 17 1 6
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

Definitions

  1. (1) The total number of injuries and fatalities per million hours worked.
  2. (2) Total ounces per total employees costed.
  3. (3) Average gold price received negatively affected by the reduction of the hedge book in the three years from 2008 to 2010.
  4. (4) Refer to the Annual Financial Statements 2011Non-GAAP disclosure notes.