Ten year financial review


20052004*2003*2002*2001*20001999199819971996
 R000R000R000R000R000R000R000R000R000R000
Income statement
Sales revenue1 554 5011 720 3991 471 9991 560 6851 567 8831 051 953719 497539 279469 942375 623
Cost of sales1 283 0551 335 2171 093 908976 905780 433691 925596 285547 449580 444481 222
  Operating costs1 121 5561 061 1711 011 664804 870732 758586 938525 797475 168443 131394 285
  Concentrates purchased20 07514 632  
  Refining and other costs57 22260 56968 54941 39429 60132 06835 74232 22739 96330 604
  Leased metal costs (14 149)14 149
  Depreciation103 64697 52789 05999 45186 99959 47455 30265 94072 91679 648
  Change in metal stocks(19 444)115 467(89 513)31 190(68 925)13 445(20 556)(25 886)24 434(23 315)
          
Operating profit271 446385 182378 091583 780787 450360 028123 212(8 170)(110 502)(105 599)
Net investment income29 26938 17464 14052 02339 71427 19917 9084 3485 2139 992
Net sundry revenue/
(expenditure)75 367(36 392)23 94620 7934 256(1 591)(1 980)2 542(182)3 090
Profit before tax and
exceptional items376 082386 964466 177656 596831 420385 636139 140(1 280)(105 471)(92 517)
Exceptional items 15 262
 
Profit before tax376 082386 964466 177656 596831 420385 636123 878(1 280)(105 471)(92 517)
Tax127 569136 869198 601259 121308 143122 817(15 589)(28 488)(23 816)(21 399)
Net income for the year248 513250 095267 576397 475523 277262 819139 46727 208(81 655)(71 118)
Headline earnings248 528249 960267 223405 071538 134262 819150 15027 208(81 655)(71 118)
 
Balance sheet
Property, plant and eqiupment1 390 5861 355 7651 334 2031 249 7741 261 1591 184 868900 920944 586977 6831 030 548
Deferred tax-----166 485271 511253 904225 416201 600
Other non current assets14 55012 74410 6458 7417 3106 0404 9536 28011 61919 499
1 405 1361 368 5091 344 8481 258 5151 268 4691 357 3931 177 3841 204 7701 214 7181 251 647
Current assets835 187804 015747 9071 038 062882 506661 781398 161254 859225 176263 005
  Inventories246 302223 187339 156249 252284 214212 596210 414190 619168 429190 061
  Accounts receivable83 00379 206113 77657 49754 08370 76031 80528 63535 18228 006
  Cash and cash equivalents505 882501 622294 975731 313544 209378 425155 94235 60521 56544 938
          
Total assets2 240 3232 172 5242 092 7552 296 5772 150 9752 019 1741 575 5451 459 6291 439 8941 514 652
Shareholders' equity1 596 7531 583 6421 515 5081 892 9081 965 4391 900 2011 477 8621 356 6931 329 4851 411 140
Deferred tax325 298332 395330 323249 10369 723-
Long term liabilities and
provisions22 55615 15111 4429 3938 1796 83529 51449 58751 81853 542
Current liabilities295 716241 336235 482145 173107 634112 13868 16953 34958 59149 970
Total equity and liabilites2 240 3232 172 5242 092 7552 296 5772 150 9752 019 1741 575 5451 459 6291 439 8941 514 652
Cash flow statement
Operating cash flow378 696512 808390 040747 481800 873423 098169 45542 629(8 432)(46 782)
Investing cash flow(133 708)(118 496)(172 171)(87 575)(167 325)(343 389)(11 318)(32 843)(20 062)(18 936)
Financing cash flow(240 728)(187 665)(654 207)(472 802)(467 764)142 774(37 800)4 2545 1213 967
  Dividends paid(196 822)(104 194)(439 449)(472 942)460 682)(73 638)(18 403)-
  Share premium repaid(46 310)(81 394)(219 606)-
  Other financing cash flows2 404(2 077)4 848140(7 082)216 412(19 397)4 2545 1213 967
          
Net cash flow4 260206 647(436 338)187 104165 784222 483120 33714 040(23 373)(61 751)
Cash and cash equivalents at
beginning of year501 622294 975731 313544 209378 425155 94235 60521 56544 938106 689
Cash and cash equivalents
at end of year505 882501 622294 975731 313544 209378 425155 94235 60521 56544 938

*   Figures restated following the adoption of IFRS2
** 3 PGE + Au