| |
|
Restated |
Restated |
| |
12-months |
18-months |
12-months |
| |
ended |
ended |
ended |
| |
31 Dec |
31 Dec |
31 Dec |
| |
2005 |
2004 |
2004 |
| |
USD |
USD |
USD |
| |
million |
million |
million |
| INCOME STATEMENT |
|
|
|
| Revenue |
1 897 |
2 229 |
1 370 |
| Operating expenses |
(1 122) |
(1 901) |
(1 155) |
| Net operating profit |
775 |
328 |
215 |
| Net financing costs |
(37) |
(75) |
(45) |
| Income from equity accounted investments |
1 |
(7) |
(4) |
| Profit before taxation |
739 |
246 |
166 |
| Taxation |
(224) |
(75) |
(52) |
| Profit for the year |
515 |
171 |
114 |
| Attributable to: |
|
|
|
| Equity holders of the parent |
505 |
160 |
100 |
| Minority interest |
10 |
11 |
14 |
| |
515 |
171 |
114 |
| Attributable earnings per share (US cents) |
166 |
56 |
34 |
| Headline earnings |
376 |
171 |
115 |
| Headline earnings per share (cents) |
124 |
60 |
40 |
| |
|
|
|
| BALANCE SHEET |
|
|
|
| Assets |
|
|
|
| Non-current assets |
|
|
|
| Property, plant and equipment |
1 395 |
1 500 |
|
| Biological assets |
4 |
5 |
|
| Intangible assets |
10 |
13 |
|
| Goodwill |
|
(9) |
|
| Investments in associates and joint ventures |
15 |
15 |
|
| Deferred taxation |
54 |
46 |
|
| Financial assets |
62 |
51 |
|
| Current assets |
|
|
|
| Cash and cash equivalents |
234 |
229 |
|
| Other |
561 |
479 |
|
| Non-current assets classified as held for sale |
2 |
|
|
| Total assets |
2 337 |
2 329 |
|
| Equity and liabilities |
|
|
|
| Shareholders’ funds |
1 166 |
936 |
|
| Minority interest |
1 |
212 |
|
| Non-current liabilities |
|
|
|
| Interest-bearing borrowings |
310 |
412 |
|
| Deferred taxation and provisions |
369 |
398 |
|
| Current liabilities |
|
|
|
| Interest-bearing borrowings |
144 |
148 |
|
| Other |
347 |
223 |
|
| Total equity and liabilities |
2 337 |
2 329 |
|
| Net debt (refer to definitions on p119) |
220 |
331 |
|
| |
|
|
|
| CASH FLOW STATEMENT |
|
|
|
| Cash available from operations |
223 |
289 |
229 |
| Proceeds on disposal of assets |
4 |
24 |
8 |
| Investments |
|
|
|
| – Acquisition of joint ventures and associates |
|
|
(2) |
| – Proceeds from disposal of investment |
187 |
18 |
|
| – Increase in investment in subsidiaries – buy out of Ticor Ltd minorities |
(186) |
|
|
| Capital expenditure |
(166) |
(247) |
(139) |
| – Other |
11 |
(28) |
(12) |
| Net cash inflow |
73 |
56 |
84 |
The group statements on this page have been expressed in US dollars for information purposes. The average US dollar/rand of US$1: R6,3047 (for 31 December 2004 18-month year US$1: R5,6534 and 12-month year US$1: R6,35565) has been used to translate the income and cash flow statements, while the balance sheet has been translated at the closing rate at the last day of the reporting year US$1: R6,3250 (2004: US$1: R5,6525).
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