Company – 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 (SA rands) | Notes | 2012 | 2011 |
---|---|---|---|
Revenue | 1 | 28,507 | 27,617 |
Gold income | 1 | 16,070 | 18,610 |
Cost of sales | 2 | (10,807) | (10,708) |
Gross profit | 5,263 | 7,902 | |
Corporate administration, marketing and other expenses | (1,218) | (1,324) | |
Exploration and evaluation costs | (211) | (143) | |
Other operating expenses | 3 | (244) | (39) |
Special items | 4 | (793) | (268) |
Operating profit | 2,797 | 6,128 | |
Dividends received | 1 | 11,440 | 8,032 |
Impairments of investments in subsidiaries | 13 | (8,797) | (3,770) |
Impairments of investments in associates | 12 | (4) | (17) |
Loss on disposal of loan to joint venture | 12 | (17) | – |
Interest received | 1 | 113 | 142 |
Net inter-company management fee and interest | 42 | 25 | |
Exchange gain (loss) | 154 | (115) | |
Finance costs and unwinding of obligations | 5 | (128) | (120) |
Profit before taxation | 6 | 5,600 | 10,305 |
Taxation | 8 | 157 | (2,603) |
Profit for the year | 5,757 | 7,702 |