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