| |
|
| Group income statement for
the year ended 31 December 2003 |
| |
| 2002 |
2003 |
|
Figures
in million |
Notes |
|
2003 |
2002 |
|
| 19,267 |
15,922 |
|
Revenue |
3 |
|
2,116 |
1,847 |
 |
|
|
|
|
|
|
|
| 18,372 |
15,264 |
|
Gold income |
2,
3 |
|
2,029 |
1,761 |
| (12,550) |
(11,458) |
|
Cost of sales |
4 |
|
(1,526) |
(1,203) |
| 5,822 |
3,806 |
|
|
|
|
503 |
558 |
| 962 |
861 |
|
Non-hedge derivatives |
|
|
119 |
92 |
|
|
|
|
|
|
|
|
| 6,784 |
4,667 |
|
Operating profit |
|
|
622 |
650 |
| (258) |
(273) |
|
Corporate administration and other expenses |
|
|
(36) |
(25) |
| (179) |
(139) |
|
Market development costs |
|
|
(19) |
(17) |
| (296) |
(283) |
|
Exploration costs |
5 |
|
(38) |
(28) |
| 446 |
329 |
|
Investment income |
6 |
|
44 |
43 |
| (164) |
(167) |
|
Other net expenses |
7 |
|
(21) |
(16) |
| (464) |
(362) |
|
Finance costs |
8 |
|
(49) |
(44) |
| ? |
38 |
|
Marked-to-market of debt financial instruments |
|
|
6 |
? |
| (102) |
(122) |
|
Abnormal items |
9 |
|
(19) |
(10) |
|
|
|
|
|
|
|
|
| 5,767 |
3,688 |
|
Profit before exceptional items |
10 |
|
490 |
553 |
| (293) |
(221) |
|
Amortisation of goodwill |
18,
19 |
|
(29) |
(28) |
| (145) |
75 |
|
Profit (loss) on disposal of assets
and subsidiaries |
12 |
|
10 |
(13) |
| ? |
331 |
|
Profit on disposal of investments |
13 |
|
45 |
? |
| ? |
(327) |
|
Impairment of mining assets |
17 |
|
(44) |
? |
| 2 |
? |
|
Termination of retirement benefit plans |
|
|
? |
? |
|
|
|
|
|
|
|
|
| 5,331 |
3,546 |
|
Profit on ordinary activities before
taxation |
|
|
472 |
512 |
| (1,730) |
(1,080) |
|
Taxation |
14 |
|
(142) |
(165) |
|
|
|
|
|
|
|
|
| 3,601 |
2,466 |
|
Profit on ordinary activities after
taxation |
|
|
330 |
347 |
| (157) |
(130) |
|
Minority interest |
|
|
(17) |
(15) |
| ? |
(5) |
|
Minority interest in abnormal items |
9 |
|
(1) |
? |
|
|
|
|
|
|
|
|
| 3,444 |
2,331 |
|
Net profit |
|
|
312 |
332 |
| |
|
|
Adjusted operating profit |
|
|
|
|
| |
|
|
The operating profit has been adjusted
by the |
|
|
|
|
| |
|
|
following to arrive at adjusted operating
profit: |
|
|
|
|
| 6,784 |
4,667 |
|
Operating profit |
|
|
622 |
650 |
| (101) |
(438) |
|
Unrealised non-hedge derivatives |
|
|
(63) |
(12) |
|
|
|
|
|
|
|
|
| 6,683 |
4,229 |
|
Adjusted operating profit |
|
|
559 |
638 |
|
|
|
|
|
|
|
|
| |
|
|
The net profit has been adjusted by
the following
to arrive at headline earnings and adjusted headline earnings: |
|
|
|
|
| 3,444 |
2,331 |
|
Net profit |
|
|
312 |
332 |
| 293 |
221 |
|
Amortisation of goodwill |
18,
19,
33 |
|
29 |
28 |
| ? |
327 |
|
Impairment of mining assets |
17 |
|
44 |
? |
| 145 |
(75) |
|
(Profit) loss on disposal of assets
and subsidiaries |
12 |
|
(10) |
13 |
| ? |
(331) |
|
Profit on disposal of investments |
13 |
|
(45) |
? |
| (2) |
? |
|
Termination of retirement benefit plans |
|
|
? |
? |
| 40 |
(94) |
|
Taxation on exceptional items |
14 |
|
(12) |
3 |
|
|
|
|
|
|
|
|
| 3,920 |
2,379 |
|
Headline earnings |
|
|
318 |
376 |
| (101) |
(476) |
|
Unrealised non-hedge derivatives and
marked-to-market of debt financial instruments |
|
|
(69) |
(12) |
| 35 |
230 |
|
Deferred tax on unrealised non-hedge
derivatives |
14 |
|
33 |
4 |
|
|
|
|
|
|
|
|
| 3,854 |
2,133 |
|
Adjusted headline earnings |
|
|
282 |
368 |
|
|
|
|
|
|
|
|
| |
|
|
Earnings per ordinary share (cents) |
15 |
|
|
|
| 1,552 |
1,046 |
|
Basic |
|
|
140 |
150 |
| 1,545 |
1,042 |
|
Diluted |
|
|
139 |
149 |
| 1,767 |
1,068 |
|
Headline |
|
|
143 |
169 |
| 1,737 |
957 |
|
Adjusted headline |
|
|
127 |
166 |
|
|
|
|
|
|
|
|
| 1,350 |
710 |
|
Dividends declared per ordinary share
(cents) |
16 |
|
101 |
146 |
|
|
|
|
|
|
|
|
| 1.3 |
1.3 |
|
Dividend cover based on adjusted headline
earnings |
|
|
1.3 |
1.1 |
|
| |
|
|
|
