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Group value-added statement
for the year ended 31 December 2003
 
Figures in million Notes(1)   % 2003   % 2002
Value added              
Gold income 2 and 3     2,029      1,761 
Less: Purchases of goods and services in order to operate mines and produce refined metal, including market development costs net of other income       (767)     (611)
   
Value-added by operations     85  1,262    90  1,150 
Non-hedge derivatives     119    92 
Marked-to-market of debt financial instruments      
Profit on disposal of investments 13   45   
Profit on disposal of assets and subsidiaries 12   10   
Income from investments and interest received 6   44    43 
   
Total value added     100  1,486    100  1,285 
               
Value distributed              
Employees              
Salaries, wages and other benefits(2) 11   44  660    35  443 
   
Government 14   10  142    13  165 
? Current taxation     67    14  177 
? Deferred taxation     75    (1) (12)
   
Providers of capital              
? Finance costs 8   49    44 
? Dividends declared     15  224    25  325 
? Minorities     18    15 
   
Other              
? Impairment of mining assets 17   44   
? Loss on disposal of assets and subsidiaries 12     13 
   
Total value distributed     76  1,137    78  1,005 
               
Re-invested in the group              
? Amortisation and depreciation 4, 17, 18 and 19   18  261    21  273 
? Retained income     88   
      100  1,486    100  1,285 
(1) Refer to the notes on the group financial statements.
(2) Year-on-year movement mainly attributable to stronger Rand/Dollar exchange rate.
 
 
 
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