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Annual report suite 2012

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