| Derived from financial statements prepared in accordance
with US GAAP |
|
|
|
| |
|
|
| Year ended 31 December |
2004 |
2003 |
2002 |
| Figures in dollar millions |
|
(As restated) |
(As restated) |
| Net cash provided by operating activities |
506 |
411 |
529 |
| Income before cumulative effect of accounting change |
97 |
250 |
356 |
| Reconciled to net cash provided by operations: |
|
|
|
| Profit on sale of assets |
(14) |
(55) |
- |
| Depreciation, depletion and amortisation |
445 |
247 |
257 |
| Deferred stripping costs |
(28) |
(32) |
(5) |
| Impairment of assets |
3 |
78 |
- |
| Deferred income and mining tax |
(200) |
76 |
(56) |
| Other non-cash items |
222 |
33 |
(6) |
| Net decrease in provision for environmental |
|
|
|
| rehabilitation and pension and other post-retirement
medical benefits |
(26) |
(88) |
(17) |
| Effect of changes in operating working capital items: |
|
|
|
| Receivables |
(18) |
(50) |
2 |
| Inventories |
(39) |
(78) |
(46) |
| Accounts payable and accrued liabilities |
64 |
30 |
44 |
| Net cash used in investing activities |
(979) |
(268) |
(66) |
| Cash acquired in acquisitions |
56 |
9 |
8 |
| Increase in non-current investments |
(20) |
(1) |
(34) |
| Additions to property, plant and equipment |
(571) |
(339) |
(246) |
| Proceeds on sale of mining assets |
10 |
6 |
1 |
| Proceeds on sale of investments |
- |
56 |
158 |
| Cash outflows from hedge restructuring |
(310) |
- |
- |
| Cash effects of acquisitions or disposals |
(227) |
1 |
35 |
| - Proceeds |
(227) |
1 |
59 |
| - Contractual obligations |
- |
- |
(24) |
| Loans receivable advanced |
(2) |
(4) |
(5) |
| Loans receivable repaid |
85 |
4 |
17 |
| Net cash generated (used) in financing activities |
276 |
(79) |
(333) |
| Net repayments of short-term debt |
(521) |
(26) |
(593) |
| Issuance of stock |
3 |
10 |
18 |
| Net proceeds of long-term debt |
789 |
251 |
502 |
| Cash inflows from hedge restructuring |
203 |
- |
- |
| Dividends paid |
(198) |
(314) |
(260) |
| |
|
|
|
| Net (decrease) increase in cash and cash equivalents |
(197) |
64 |
130 |
| Effect of exchange rate changes on cash |
17 |
53 |
75 |
| Cash and cash equivalents - 1 January |
479 |
362 |
157 |
| Cash and cash equivalents - 31 December |
299 |
479 |
362 |
| These condensed financial statements should be read in
conjunction with the company’s financial footnotes filed on Form
20-F with the United States Securities and Exchange Commission on 14
July 2005. |
Condensed consolidated cash flow statement
(PDF - 69KB)