2006 Annual Report

Group financial statements

Group income statement

For the year ended 31 December

2005 2006   Figures in million Notes   2006 2005
SA Rands         US Dollars
17,388 21,104   Revenue 3   3,106 2,730
16,750 20,137   Gold income 2,3   2,964 2,629
(14,702) (15,482)   Cost of sales 4   (2,282) (2,309)
(949) (1,955)   Loss on non-hedge derivatives and other commodity contracts     (239) (135)
1,099 2,700   Gross profit     443 185
(410) (567)   Corporate administration and other expenses     (84) (64)
(84) (108)   Market development costs     (16) (13)
(288) (417)   Exploration costs     (61) (45)
(127) (129)   Other operating expenses 5   (18) (20)
(499) (130)   Operating special items 6   (18) (77)
(309) 1,349   Operating profit (loss)     246 (34)
155 218   Interest received 3   32 25
(29) (17)   Exchange loss     (2) (5)
(211) 137   Fair value adjustment on option component of convertible bond     16 (32)
(690) (822)   Finance costs and unwinding of decommissioning and restoration obligations 7   (123) (108)
(5)   Fair value loss on interest rate swaps     (1)
(17) (6)   Share of associates' loss 8   (1) (3)
(1,106) 859   Profit (loss) before taxation 9   168 (158)
216 (1,232)   Taxation 12   (180) 35
(890) (373)   Loss after taxation from continuing operations     (12) (123)
      Discontinued operations        
(219) (12)   Loss for the year from discontinued operations 13   (2) (36)
(1,109) (385)   Loss for the year     (14) (159)
               
               
      Allocated as follows        
(1,255) (587)   Equity shareholders     (44) (182)
146 202   Minority interest     30 23
(1,109) (385)         (14) (159)
      Basic loss per ordinary share (cents) 14      
(391) (211)   Loss from continuing operations (1)     (15) (55)
(83) (4)   Loss from discontinued operations (1)     (1) (14)
(474) (215)   Loss     (16) (69)
               
      Diluted loss per ordinary share (cents) 14      
(391) (211)     Loss from continuing operations (2)       (15) (55)
(83) (4)   Loss from discontinued operations (2)     (1) (14)
(474) (215)   Loss     (16) (69)
               
      Dividends (3) 15      
232 450   Dividends declared per ordinary share (cents)     62 36
     
(1)   Calculated on the basic weighted average number of ordinary shares.
(2)   Calculated on the diluted weighted average number of ordinary shares.
(3)   Dividends are translated at actual rates on date of payment. The current period is an indicative amount only.
       
 
Group income statementNext > Balance sheetHome
 

AngloGold Ashanti Annual Report 2006 - Annual Financial Statements