Ten-year statistics

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Income statement (rands) years ended 30 June

(million)	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	37 619	31 482	17 500	12 541	11 809	11 807	11 902	11 969	7 003	4 602
Platinum	20 388	15 577	9 991	8 132	7 941	7 391	6 137	5 253	3 017	2 252
Palladium	2 518	2 089	1 469	1 067	1 119	1 683	2 581	3 129	1 689	1 031
Rhodium	10 041	7 626	3 700	1 336	677	1 159	1 788	2 199	1 218	582
Nickel	2 733	4 062	1 431	1 323	1 284	938	682	700	600	364
Other	1 939	2 128	909	683	788	636	714	688	479	373
Cost of sales	(19 888)	(17 010)	(10 170)	(8 303)	(7 544)	(6 523)	(5 561)	(5003)	(3 804)	(2 904)
On-mine operations	(7 303)	(5 901)	(4 709)	(4 100)	(3 668)	(3 251)	(2 567)	(2 330)	(1 997)	(1 880)
Concentrating and smelting operations	(1 478)	(1 316)	(1 130)	(1 043)	(967)	(801)	(643)	(493)	(441)	(415)
Refining operations	(670)	(594)	(523)	(480)	(468)	(412)	(355)	(333)	(308)	(296)
Amortisation of mining assets	(1 013)	(865)	(643)	(646)	(576)	(452)	(249)	(212)	(140)	(149)
Metals purchased	(11 012)	(9 369)	(4 326)	(2 489)	(2 259)	(1 474)	(1 883)	(1 969)	(699)	(288)
Increase/(decrease) in metal inventories	1 588	1 035	1 161	455	394	(133)	136	334	(219)	124

Gross profit	17 731	14 472	7 330	4 238	4 265	5 284	6 341	6 966	3 199	1 698
Other operating expenses	(533)	(478)	(340)	(319)	(255)	(264)	(204)	(117)	(97)	(83)
Royalty expense	(648)	(1 703)	(852)	(415)	(414)	(598)	(805)	(890)	(406)	(237)

Profit from operations	16 550	12 291	6 138	3 504	3 596	4 422	5 332	5 959	2 696	1 378
Finance income/costs	534	560	225	174	56	286	266	383	229	186
Net foreign exchange transaction gains/(losses)	439	(15)	178	33	(216)	(329)	131	158	20	–
Other (expense)/income	(131)	(214)	(148)	292	12	(55)	(98)	(63)	42	14
BEE compensation charge	–	(1 790)	(95)	–	–	–	–	–	–	–
Reversal of impairment/ (impairment) of assets	(84)	–	583	(1 034)	–	–	–	–	–	–
Profit on sale of financial assets	4 831	–	–	3 155	322	–	–	–	–	–
Share of profit of associates	678	388	115	204	328	725	697	647	220	149
Profit before tax	22 817	11 220	6 996	6 328	4 098	5 049	6 328	7 084	3 207	1 727
Income tax expense	(5 112)	(3 895)	(2 614)	(1 079)	(1 141)	(1 622)	(1 737)	(2 431)	(949)	(470)
Profit for the year from continuing operations	17 705	7 325	4 382	5 249	2 957	3 427	4 591	4 653	2 258	1 257
Profit attributable to:
Owners of the parent	17 596	7 232	4 342	5 233	2 940	3 404	4 581	4 648	2 255	1 252
Non-controlling interest	109	93	40	16	17	23	10	5	3	5

Earnings per share (cents)
– basic	2 910	1 312	825	989	552	639	863	878	428	241
– headline	2 065	1 312	750	540	491	643	860	879	424	243
Dividends per share (cents)
– interim + final	1 475	975	400	288	263	331	463	475	220	110
– special			688					375

Statement of financial position (rands) years ended 30 June

(million)		2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
ASSETS
Non-current assets		39 605	37 202	15 084	12 108	12 523	11 391	9 324	6 834	4 321	3 497
Property, plant and equipment		24 895	20 347	12 435	10 222	9 801	8 809	6 218	5 231	3 357	2 822
Investments and other		14 710	16 855	2 649	1 886	2 722	2 582	3 106	1 603	964	675
Current assets		22 504	12 758	8 386	8 895	4 680	4 878	5 448	5 162	4 504	3 168
Total assets		62 109	49 960	23 470	21 003	17 203	16 269	14 772	11 996	8 825	6 665
EQUITY AND LIABILITIES
Capital and reserves		43 418	32 968	13 840	14 104	10 683	9 877	9 284	6 716	5 716	4 052
Non-controlling interest		1 885	1 730	215	160	128	419	62	19	14	47
Non-current liabilities		8 259	6 734	3 654	2 873	2 708	2 213	1 683	1 465	1 195	1 068
Borrowings		1 464	685	174	195	167	63	86	113	137	162
Deferred income tax liabilities		5 247	5 048	2 919	2 378	2 271	1 887	1 390	1 156	890	745
Provision for long-term responsibilities		1 548	1 001	561	300	270	263	207	196	168	161
Current liabilities		8 547	8 528	5 761	3 866	3 684	3 760	3 743	3 796	1 900	1 498
Total equity and liabilities		62 109	49 960	23 470	21 003	17 203	16 269	14 772	11 996	8 825	6 665

Cash, net of short-term borrowings †		10 347	3 189	1 837	3 981	636	2 120	3 124	3 013	3 081	1 865
Cash, net of all borrowings †		8 883	2 504	1 663	3 786	636	2 057	3 037	2 900	2 944	1 703
Current liquidity (net current assets excluding inventories) †		8 064	232	(311)	3 309	(233)	271	785	587	2 165	1 015

IMPLATS SHARE STATISTICS

No. of shares in issue at year-end*	(m)	605	604	528	524	533	533	532	531	529	526
Average number of issued shares	(m)	605	551	526	529	533	533	531	529	527	519
No. of shares traded	(m)	576	443	529	530	524	571	400	291	253	241
Highest price traded	(cps)	36 800	25 500	17 938	7 688	8 013	8 125	9 000	5 913	3 700	2 150
Lowest price traded	(cps)	17 202	14 438	7 200	5 312	5 206	4 325	3 588	2 998	1 925	638
Year-end closing price	(cps)	30 900	21 600	16 498	7 463	5 888	5 575	7 148	5 045	3 153	1 898

*	Excluding treasury and ESOP shares. All share information has been adjusted for the 8:1 share split that was effected in November 2006.
†	Refer to Non-GAAP disclosure.

US dollar statistics years ended 30 June

(million)	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	5 140	4 375	2 745	2 023	1 716	1 303	1 184	1 573	1 108	757
Platinum	2 780	2 166	1 563	1 312	1 156	819	606	690	471	370
Palladium	345	291	231	172	163	182	258	411	264	170
Rhodium	1 372	1 059	582	216	98	125	182	289	190	96
Nickel	378	564	227	213	187	107	67	92	94	60
Other	265	295	142	110	112	70	71	91	89	61
Cost of sales	(2 738)	(2 365)	(1 592)	(1 342)	(1 099)	(723)	(549)	(658)	(602)	(478)
On-mine operations	(1 006)	(820)	(737)	(663)	(535)	(360)	(253)	(306)	(316)	(309)
Concentrating and
smelting operations	(204)	(183)	(177)	(169)	(141)	(89)	(63)	(65)	(70)	(68)
Refining operations	(92)	(83)	(82)	(78)	(68)	(46)	(35)	(44)	(49)	(49)
Amortisation of mining assets	(139)	(120)	(101)	(104)	(84)	(50)	(25)	(28)	(22)	(25)
Metals purchased	(1 516)	(1 303)	(677)	(402)	(329)	(163)	(186)	(259)	(111)	(47)
Increase/(decrease) in metal inventories	219	144	182	74	58	(15)	13	44	(34)	20

Gross profit	2 402	2 010	1 153	681	617	580	635	915	506	279
Net foreign exchange
transaction gains/(losses)	60	(2)	28	5	(32)	(37)	13	21	3	–
Other operating expenses	(73)	(66)	(53)	(52)	(37)	(29)	(20)	(15)	(15)	(14)
Other (expenses)/income	(18)	(30)	(23)	47	2	(6)	(10)	(8)	7	2
Financial income – net	74	78	35	28	8	32	26	50	36	31
Share of profit of
associates	93	54	18	33	48	80	69	85	35	25
Royalty expense	(89)	(237)	(133)	(67)	(60)	(66)	(79)	(117)	(64)	(39)
BEE compensation charge	–	(249)	(15)	–	–	–	–	–	–	–
Profit from sale of investments	665	–	–	510	47	–	–	–	–	–
Reversal of impairment /
(impairment) of assets	(12)	–	91	(166)	–	–	–	–	–	–

Profit before tax	3 102	1 558	1 101	1 019	593	554	634	931	508	284
Income tax expense	(704)	(541)	(409)	(174)	(166)	(180)	(171)	(320)	(150)	(77)

Profit attributable to:
Owners of the parent	2 398	1 017	692	845	427	374	463	611	358	207
Non-controlling interest	(15)	(13)	(6)	(3)	(3)	(3)	(1)	(1)	(0)	(1)
Profit for the year	2 383	1 004	686	842	424	371	462	610	358	206

Earnings per share (cents)
– basic	394	182	130	159	80	70	87	115	68	40
– headline	278	182	119	87	71	70	87	115	67	40
Dividends per share (cents)
– interim + final	203	136	63	46	38	37	46	62	35	18
– special	–		108					49

Note: These numbers are provided for convenience and have not been audited. The income and expenditure items have been calculated using the average exchange rate for the year. Sales are the actual dollar receipts.

Operating statistics years ended 30 June

(million)		2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Gross refined production
Platinum	(000oz)	1 907	2 026	1 846	1 848	1 961	1 673	1 387	1 291	1 199	1 181
Palladium	(000oz)	1 044	1 114	989	1 029	1 046	893	732	681	636	651
Rhodium	(000oz)	261	247	242	234	251	215	177	164	155	159
Nickel	(000t)	14.8	16.2	15.6	16.0	16.4	14.7	13.0	14.0	13.8	14.9
Impala refined production
Platinum	(000oz)	1 044	1 055	1 125	1 115	1 090	1 040	1 025	1 002	1 020	1 065
Palladium	(000oz)	437	472	492	515	501	478	489	481	493	516
Rhodium	(000oz)	125	103	129	130	116	134	123	128	131	143
Nickel	(000t)	6.9	7.0	7.9	7.9	6.9	8.0	7.7	7.0	7.2	7.7
IRS refined production
Platinum	(000oz)	863	971	721	733	871	633	362	289	179	116
Palladium	(000oz)	607	642	497	514	545	415	243	200	143	135
Rhodium	(000oz)	136	144	113	104	135	81	54	36	24	16
Nickel	(000t)	7.9	9.2	7.7	8.1	9.5	6.7	5.3	7.0	6.6	7.2
IRS returned metal
Platinum	(000oz)	208	262	246	246	501	252	152	164	102	84
Palladium	(000oz)	199	191	190	160	314	174	102	116	93	104
Rhodium	(000oz)	42	47	42	54	97	18	16	21	17	8
Nickel	(000t)	2.1	0.9	2.2	1.9	1.5	0.9	0.7	0.5	–	–
Group consolidated statistics
Exchange rate:	(R/$)
Closing rate		7.93	7.06	7.16	6.66	6.17	7.52	10.32	8.06	6.92	6.00
Average spot rate		7.26	7.19	6.39	6.19	6.86	9.02	10.13	7.61	6.32	6.08
Average rate achieved		7.32	7.26	6.37	6.20	6.88	9.06	10.16	7.68	6.40	6.08
Free market revenue per platinum ounce sold	($/oz)	3 053	2 445	1 791	1 304	1 140	939	934	1 376	1 005	697
Revenue per platinum ounce sold	($/oz)	2 941	2 369	1 721	1 279	1 116	935	934	1 321	904	693
	(R/oz)	21 528	17 057	10 963	7 930	7 678	8 471	9 489	10 145	5 786	4 213
Prices achieved
Platinum	($/oz)	1 598	1 185	988	840	773	597	485	586	428	358
Palladium	($/oz)	390	334	258	208	223	264	389	773	465	311
Rhodium	($/oz)	6 963	5 152	3 015	1 217	548	646	1 098	2 001	1 223	719
Nickel	($/t)	30 253	34 486	15 343	14 592	11 843	7 664	5 594	6 951	7 500	4 466
Sales volumes
Platinum	(000oz)	1 739	1 827	1 582	1 562	1 495	1 373	1 251	1 177	1 209	1 076
Palladium	(000oz)	885	870	896	826	733	688	663	543	656	585
Rhodium	(000oz)	197	206	193	177	179	193	165	145	171	140
Nickel	(000t)	12.5	16.3	14.8	14.6	15.8	13.9	12.0	14.1	14.0	14.9
Financial ratios
Gross margin achieved	(%)	47	46	42	34	36	45	53	58	46	37
Return on equity*	(%)	38	52.	28	27	27	37	68	81	55	43
Return on assets*	(%)	32	19	26	24	21	30	49	68	52	36
Debt to equity		3	2	1	1	7	3	1	2	3	5
Current ratio		2.6:1	1.5:1	1.5:1	2.3:1	1.3:1	1.3:1	1.5:1	1.4:1	2.4:1	2.1:1
Operating indicators
Tonnes milled ex-mine	(000t)	20 380	20 732	20 197	19 315	19 065	17 483	15 607	15 184	14 662	14 638
PGM refined production	(000oz)	3 644	3 858	3 490	3 549	3 725	3 162	2 639	2 464	2 308	2 299
Capital	(Rm)	5 368	2 887	2 248	1 992	1 822	1 787	1 250	2 090	783	431
expenditure	($m)	739	401	352	322	265	198	123	275	124	71
Cost per platinum ounce**	(R/oz)	7 750	6 370	5 009	4 522	4 140	3 978	3 426	3 134	2 724	2 470
	($/oz)	1 067	886	784	731	603	441	338	412	431	406
Cost per platinum ounce ***	(R/oz)	6 930	5 921	4 890	4 501	4 122	3 968	3 426	3 134	2 724	2 470
	($/oz)	954	823	765	727	601	440	338	412	431	406

* Based on headline earnings

** Including share-based payments

*** Excluding share-based payments

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