Annual Report 2008

Key performance

  • Safety – while the group’s LTIFR and FIFR improved, regrettably 12 employees lost their lives
  • Significant mining rights obtained
  • Production, excluding Lonmin material treated, increased by 2% while gross production decreased by 6% to 1.9Moz
  • Revenue increased 19% to R37.6 billion
  • Cost per platinum ounce* produced up by 17% to R6 930
  • Gross margin improved to 47%
  • Headline earnings 57% higher at R20.65 per share
  • Capital expenditure increased 86% to R5.4 billion
  • Dividend cover for the year reduced to 1.4
  • Total dividend per share of R14.75 (final of R11.75 per share)

* Excluding share-based payments

Downloads

Review of 2008

 
David Brown

CEO’s review

David Brown

David Brown

Corporate responsibility

 
 
 
 
 
 
 
 
 
 

Highlights of the year

Production – 000oz
 FY2008FY2007% change
Group   
Refined platinum production1 9072 026(5.9)
Refined PGM production3 6443 858(5.5)
Impala   
Refined platinum production1 0441 055(1.0)
Refined PGM production1 8411 872(1.7)
Financial – rands
  FY2008FY2007% change
Revenue(m)37 61931 48219.5
Gross profit(m)17 73114 47222.5
Profit before tax(m)22 81711 220103.4
Profit for the year(m)17 7057 325141.7
Basic earnings per share(c)2 9101 312121.8
Headline earnings per share(c)2 065 1 31257.4
Dividends per share(c)1 47597551.3
Cash net of debt(c)8 8832 504254.8
Revenue per platinum ounce sold(R/oz)21 52817 05726.2
Average rand exchange rate achieved(R/$)7.327.260.8
Financial - dollars
 FY2008FY2007% change
Revenue(m)5 1404 37517.5
Gross profit(m)2 4022 01019.5
Profit before tax(m)3 1021 55899.1
Profit for the year(m)2 3981 017135.8
Basic earnings per share(c)394182116.5
Headline earnings per share(c)27818252.7
Dividends per share(c)20313649.3
Cash net of debt(m)1 120355215.5
Revenue per platinum ounce sold($/oz)2 9412 36924.1

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

Gross annual
platinum production
Gross annual platinum production
Implats share price
at year-end
Implats share price at year-end
Geographical distribution
of shareholders as at
30 June 2008
Geographical distribution of shareholders as at 30 June 2008

Impala Platinum Holdings Limited - Annual Report 2008