Annual Report 2005

Key performance and highlights

safety		best ever safety performance
headline platinum production		up 5% to 1.815 million ounces
production - Impala Platinum		increased by 2% to 1.115 million ounces
sales revenue		rose by 6% to R12.5 billion
		equivalent to $2.0 billion
gross margin – group		steady at 34%
gross margin – Impala Platinum		maintained at 42%
capital expenditure		R2.0 billion
headline earnings per share		up by 10% to R43.25
total dividend		R23.00 per share or
		$3.72 per share

The 2005 financial year was characterised by excellent operational performance, particularly at Impala Platinum.

total revenue (R million)

total revenue ($US million)

production highlights

FY2005

FY2004

% change

group

refined platinum production

(000 oz)

1,848

1,961

(6)

refined PGM production

(000 oz)

3,549

3,725

(5)

headline platinum production

(000 oz)

1,815

1,729

Impala Platinum

refined platinum production

(000 oz)

1,115

1,090

refined PGM production

(000 oz)

2,062

1,976

financial highlights

FY2005

FY2004

% change

sales

(Rm)

12,541

11,809

gross profit

(Rm)

4,223

4,260

(1)

profit before tax

(Rm)

6,334

4,100

profit

(Rm)

5,254

2,959

headline earnings per share

(cps)

4,325

3,934

dividends per share (proposed basis)

(cps)

2,300

2,100

cash net of short-term debt

(Rm)

3,981

636

526

sales revenue per platinum ounce sold

(R/oz)

7,930

7,678

average rand exchange rate achieved

(R/$)

6.20

6.88

(10)

financial highlights

FY2005

FY2004

% change

sales

($m)

2,023

1,716

gross profit

($m)

679

616

profit before tax

($m)

1,020

593

profit

($m)

845

427

headline earnings per share

(cps)

693

567

dividends per share (proposed basis)

(cps)

372

306

cash net of short-term debt

($m)

598

103

481

sales revenue per platinum ounce sold

($/oz)

1,279

1,116

Introduction

Review of 2005

Key performance and highlights

total revenue (R million)

total revenue ($US million)

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