Selected group financial data translated into
US dollars
   
 
 
18-months 
12-months 
12-months 
  
 
ended 
ended 
ended 
Year ended 
 
 31 Dec 
31 Dec 
31 Dec 
30 June 
 
2004 
2004 
2003 
2003 
 
US$ 
US$ 
US$ 
US$ 
 
million 
million 
million 
million 
INCOME STATEMENT
 
 
 
 
Revenue
2 229 
1 370 
1 016 
827 
Operating expenses
(1 901)
(1 153)
(886)
(695)
Net operating profit
328 
217 
130 
132 
Net financing costs
(71)
(43)
(34)
(27)
Income from equity-accounted
 
 
 
 
   investments
(2)
 
(5)
   
Profit before taxation
255 
174 
91 
105 
Taxation
(77)
(54)
(20)
(25)
Minority interest
(11)
(14)
3 
 
Net profit attributable to ordinary
 
 
 
 
   shareholders
167 
106 
74 
80 
Attributable earnings per share
 
 
 
 
   (US cents)
56 
36 
25 
27 
Headline earnings
180 
122 
77 
87 
Headline earnings per share (US cents)
60 
41 
26 
30 
BALANCE SHEET
 
 
 
 
Assets
 
 
 
 
Non-current assets
 
 
 
 
Property, plant and equipment
1 499 
 
1 257 
1 105 
Biological assets
5 
 
5 
4 
Intangible assets
13 
 
14 
13 
Goodwill
(9)
 
(12)
(11)
Investments in associates and
 
 
 
 
   joint ventures
17 
 
19 
16 
Deferred taxation
11 
 
10 
21 
Financial assets
50 
 
57 
37 
Current assets
 
  
  
  
Cash and cash equivalents
222 
 
153 
 130 
Other
486 
  
416 
361 
Total assets
2 294 
 
1 919 
1 676 
Equity and liabilities
 
 
 
 
Shareholders’ funds
947 
 
758 
659 
Minority interest
196 
 
185 
160 
Non-current liabilities
 
 
 
 
Interest-bearing borrowings
412 
 
351 
377 
Deferred taxation and provisions
367 
 
239 
242 
Current liabilities
 
 
 
 
Interest-bearing borrowings
148 
 
192 
72 
Other
224 
 
194 
166 
Total equity and liabilities
2 294 
 
1 919 
1 676 
Net debt
338 
 
390 
320 
CASH FLOW STATEMENT
Cash available from operations
284 
225 
170 
86 
Proceeds on disposal of assets
42 
8 
17 
5 
Investments
– Acquisition of subsidiary
49 
41 
– Acquisition of joint ventures
   and associates
(2)
(16)
(4)
Capital expenditure
(247)
(139)
(179)
(154)
Other
(28)
(12)
24 
(1)
Net cash inflow
51 
80 
65 
(27)
   
  The group statements on this page have been expressed in US dollars for information purposes. The average US dollar/rand for the 18 months to 31 December 2004 of US$1:R5,6534 (12 months to 31 December 2003 US$1:R9,0275) has been used to translate the income and cash flow statements, while the balance sheet has been translated at the closing rate (US$1:R5,6525 at 31 December 2004 and US$1:R7,425 at 31 December 2003).
   
 
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