Financials
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consolidated income statement
Implats group – As at 30 June 2005
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As at 30 June |
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(All amounts in Rand millions unless
otherwise stated) |
Notes |
2005 |
2004 |
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| Sales | 4 | 12,540.8 | 11,809.1 |
| On-mine operations | 20 | (4,109.5) | (3,667.7) |
| Concentrating and smelting operations | 21 | (1,043.3) | (967.4) |
| Refining operations | 22 | (502.1) | (477.2) |
| Amortisation of mining assets | | (628.8) | (572.3) |
| Metals purchased | | (2,488.9) | (2,259.2) |
| Increase in metal inventories | | 454.8 | 394.4 |
| Cost of sales | | (8,317.8) | (7,549.4) |
| Gross profit | | 4,223.0 | 4,259.7 |
| Net foreign exchange transaction gains/(losses) | 23 | 32.5 | (216.0) |
| Other operating expenses | 24 | (318.9) | (255.4) |
| Other income | 26 | 292.2 | 11.4 |
| Other gains – net | 27 | 249.8 | 138.6 |
| Finance costs | 28 | (54.3) | (74.6) |
| Share of profit of associates | 29 | 203.7 | 328.4 |
| Royalty expense | | (414.9) | (414.4) |
| Profit from sale of investment in Lonplats (2004: Barplats Investments Ltd) | 30 | 3,155.0 | 322.3 |
| Impairment of mining assets | 5 | (1,033.8) | – |
| Profit before tax | 31 | 6,334.3 | 4,100.0 |
| Income tax expense | 32 | (1,080.4) | (1,141.3) |
| Profit for the year | | 5,253.9 | 2,958.7 |
| Profit attributable to: | | | |
| Equity holders of the company | | 5,237.6 | 2,941.3 |
| Minority interest | | 16.3 | 17.4 |
| | | 5,253.9 | 2,958.7 |
| Earnings per share (expressed in cents per share) | 33 | | |
| – basic | | 7,920 | 4,418 |
| – diluted | | 7,914 | 4,410 |
| Headline earnings per share (expressed in cents per share) | 33 | | |
| – basic | | 4,325 | 3,934 |
| – diluted | | 4,322 | 3,927 |
| Dividends to group shareholders (expressed in cents per share) | 34 | | |
| – final dividend June 2005/4 proposed | | 1,800 | 1,600 |
| – interim dividend December 2004/3 paid | | 500 | 500 |
| | | 2,300 | 2,100 |
| The
Notes are an integral part of these consolidated financial statements. |
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