Statutory annual financial statements
Group income statement
for the year 1998
Figures in million
| 1997* | 1998 | Notes | 1998 | 1997* | |
US Dollars |
SA Rand |
||||
| 2 649.3 | 2 235.6 | Revenue | 1 | 12 282,6 | 12 174,6 |
| 2 135.2 | 1 658.0 | Cost of sales | 2 | 9 067,6 | 9 813,3 |
| 514.1 | 577.6 | Operating profit | 3 215,0 | 2 361,3 | |
| 74.9 | 60.6 | Corporate administration and other expenses | 297,5 | 381,6 | |
| ? | 36.8 | Exploration costs | 203,5 | ? | |
| 439.2 | 480.2 | Profit from operations | 2 714,0 | 1 979,7 | |
| 7.2 | 17.1 | Interest paid | 94,4 | 33,8 | |
| 64.9 | 44.6 | Interest receivable | 246,4 | 304,4 | |
| 23.9 | 40.3 | Income from associates | 3 | 220,7 | 112,4 |
| 8.7 | 2.4 | Income from other investments | 13,4 | 40,8 | |
| 529.5 | 550.4 | Profit on ordinary activities before taxation | 4 | 3 100,1 | 2 403,5 |
| 91.1 | 159.1 | Mining and normal taxation | 6 | 885,6 | 419,3 |
| 130.3 | 101.6 | Appropriation for capital expenditure | 553,7 | 599,1 | |
| 308.1 | 289.7 | Profit on ordinary activities after taxation | 1 660,8 | 1 385,1 | |
| 236.1 | 256.6 | Dividends | 7 | 1 515,3 | 1 111,3 |
| 72.0 | 33.1 | Increase in retained profit | 145,5 | 273,8 | |
| 5.7 | 5.3 | Retained profit at beginning of year | 26,0 | 26,7 | |
| (59.7) | (0,2) | Merger adjustments | (0.9) | (274,5) | |
| (12.7) | (9.2) | Translation adjustment | |||
| 5.3 | 29.0 | Retained profit at end of year | 170,6 | 26,0 | |
| 315 | 296 | Earnings per share-cents | 8 | 1 697 | 1 416 |
| 241 | 263 | Dividends per share-cents | 7 | 1 550 | 1 136 |
| * Where applicable the 1997 comparative figures constitute the aggregation of the previously audited financial statments of the participating companies as if the group has been in existence since 1 January 1997. |
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