Value-added statement

For the year ended 31 December
  2013 (1) 2012
  % $m % $m

Economic value generated

       
Gold sales and by-product income (2) 99 5,646 98 6,559
Interest received 1 39 1 43
Royalties received 18 23
Profit from sale of assets (3) 2 14
Income from investments 7 1 34
Total economic value generated 100 5,712 100 6,673

Economic value distributed

       
Operating costs 43 2,484 38 2,551
Employee salaries, wages and other benefits 28 1,593 23 1,566
Payments to providers of capital 6 336 7 446
– Finance costs and unwinding of obligations 5 296 4 231
– Dividends 1 40 3 215
Corporate taxation        
– Current taxation 2 134 6 414
Community and social investments (4) 1 27 1 19
Total economic value distributed 80 4,574 75 4,996

Economic value retained (5)

20 1,138 25 1,677
  1. (1)The 2012 comparatives have been restated as a result of the adoption of IFRIC 20, Stripping Costs in the Production Phase of a Surface Mine. In addition, IAS19, Employee Benefits has been applied retrospectively from 1 January 2011. For more details refer to the Annual Financial Statements 2013. In addition, the comparatives have been adjusted to exclude impairments and impairment reversals.
  2. (2) Gold sales and by-product income were lower due to a 16% lower price received, partly offset by a 4% increase in ounces sold.
  3. (3) Partial disposal of the interest in Rand Refinery Limited resulted in a profit of $14m in 2012.
  4. (4) Community and social investments exclude expenditure by equity-accounted joint ventures.
  5. (5) Economic value retained excludes impairments and impairment reversals.