Annual Report 2004
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Financials & Shareholders' Information

  

Financials & Shareholders' Information

Annual financial statements

Consolidated income statement

Implats group - Year ended 30 June 2004

 
Year ended 30 June
(All amounts in Rand millions unless otherwise stated)Notes20042003
  
 
Sales 411 809.1 11 807.0
 
On-mine operations20(3 667.7) (3 251.1)
Concentrating and smelting operations21(967.4) (801.1)
Refining operations22(477.2) (411.5)
Amortisation of mining assets(572.3) (452.4)
Metals purchased(2 259.2) (1 474.1)
Increase/(decrease) in metal inventories394.4 (133.1)
Cost of sales(7 549.4) (6 523.3)
 
Gross profit 4 259.7 5 283.7
Net foreign exchange transaction losses23(216.0) (328.8)
Other operating expenses24(241.2) (252.6)
Other income/(expense)2611.4 (54.7)
Other gains - net27138.6 319.1
Finance costs28(67.1) (33.3)
Share of profit of associates29328.4 725.0
Royalty expense(414.4) (598.0)
Profit from disposal of Barplats Investments Limited30322.3 -
Profit before tax 314 121.7 5 060.4
Income tax expense32(1 141.3) (1 622.1)
Profit for the year 2 980.4 3 438.3
 
Profit attributable to:
Equity holders of the company2 963.0 3 415.1
Minority interest17.4 23.2
          2 980.4           3 438.3
Earnings per share (expressed in cents per share) 33
- basic4 450 5 131
- diluted4 442 5 119
Headline earnings per share (expressed in cents per share) 33
- basic3 966 5 140
- diluted3 959 5 128
 
Dividends to group shareholders (expressed in cents per share)34
- final dividend June 2004/3 proposed1 600 1 750
- interim dividend December 2003/2 paid500 900
2 100 2 650
The notes on pages 96 to 135 are an integral part of these consolidated financial statements.

 

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Impala Platinum Holdings Limited
Annual Report 2004