| Figures in US Dollars millions |
2003 |
2002 |
2001 |
| |
|
|
|
| Year ended 31 December |
$ |
$ |
$ |
 |
|
|
|
| Net cash provided by operating activities |
453 |
594 |
501 |
|
|
|
|
| Income (loss) before cumulative effect
of accounting change |
250 |
356 |
(163) |
| Reconciled to net cash provided by operations: |
|
|
|
| Loss on sale
of mining assets |
? |
? |
4 |
| (Profit) loss
on sale of assets |
(55) |
? |
? |
| Depreciation,
depletion and amortisation |
321 |
333 |
371 |
| Deferred stripping
costs |
(43) |
(11) |
1 |
| Impairment of
assets |
78 |
? |
173 |
| Deferred income
and mining tax |
79 |
(62) |
9 |
| Other non-cash
items |
17 |
11 |
55 |
| Net (decrease)
increase in provision for environmental rehabilitation
and post-retirement medical benefits |
(88) |
(17) |
25 |
| Effect of changes in operating working
capital items: |
|
|
|
| Receivables |
(53) |
(5) |
65 |
| Inventories |
(87) |
(54) |
22 |
| Accounts payable
and accrued liabilities |
34 |
43 |
(61) |
|
|
|
|
| Net cash used in investing activities |
(307) |
(91) |
(148) |
|
|
|
|
| Cash acquired in acquisitions |
9 |
8 |
? |
| Increase in non-current investments |
(1) |
(34) |
(4) |
| Additions to property, plant and equipment |
(363) |
(271) |
(298) |
| Proceeds on sale of mining assets |
6 |
1 |
6 |
| Proceeds on sale of investments |
56 |
158 |
? |
| Cash effects of acquisitions or disposals |
1 |
35 |
109 |
| ? Proceeds |
1 |
59 |
109 |
| ? Contractual obligations |
? |
(24) |
? |
| Loans receivable advanced |
(19) |
(5) |
(4) |
| Loans receivable repaid |
4 |
17 |
43 |
|
|
|
|
| Net cash used in financing activities |
(107) |
(356) |
(298) |
|
|
|
|
| Payments of short-term debt |
(46) |
(616) |
(347) |
| Issuance of stock |
10 |
18 |
7 |
| Proceeds of long-term debt |
243 |
502 |
209 |
| Dividends paid |
(314) |
(260) |
(167) |
| |
|
|
|
| Net increase in
cash and cash equivalents |
39 |
147 |
55 |
| Effect of exchange
rate changes on cash |
53 |
75 |
(59) |
| Cash and cash
equivalents ? 1 January |
413 |
191 |
195 |
| Cash and cash
equivalents ? 31 December |
505 |
413 |
191 |
| |
|
|
|
