Consolidated income statement
for the year ended 31 December 2006| US$000 | Notes | Group 31 Dec 2006 |
Group 31 Dec 2005 (Restated)~ |
|
|
|
|
| REVENUE | |||
| Gold sales on spot | 274 907 |
151 502 |
|
| Loss on matured hedges | (12 190) |
- |
|
| Non-cash loss on roll forward of hedges | (4 413) |
- |
|
| Total revenue | 258 304 |
151 502 |
|
| OTHER INCOME | |||
| Interest income | 7 384 |
2 064 |
|
| Other income | 1 168 |
1 303 |
|
| Total other income | 8 552 |
3 367 |
|
| Total income | 266 856 |
154 869 |
|
| COSTS AND EXPENSES | |||
| Mining and processing costs | 137 694 |
67 216~ |
|
| Transport and refining costs | 711 |
360 |
|
| Royalties | 16 979 |
10 273 |
|
| Exploration and corporate expenditure | 28 805 |
24 049 |
|
| Other losses/(gains) - net | 653 |
(45) |
|
| Exchange losses - net | 970 |
2 074 |
|
| Other expenses | 705 |
801 |
|
| Unwind of discount on provisions for environmental rehabilitation | 541 |
254 |
|
| Interest expense | 5 825 |
1 861 |
|
| Total costs and expenses | 192 883 |
106 843~ |
|
| PROFIT BEFORE INCOME TAX | 73
973 |
48
026~ |
|
| Income tax expense | (23
097) |
(170)~ |
|
| NET PROFIT | 50 876 |
47 856~ |
|
| Attributable to: | |||
| Equity shareholders | 47 564 |
45 507~ |
|
| Minority shareholders | 3 312 |
2 349 |
|
50
876 |
47 856~ |
||
| BASIC EARNINGS PER SHARE (US$) | 0.70 |
0.74~ |
|
| FULLY DILUTED EARNINGS PER SHARE (US$) | 0.69 |
0.71~ |
~ Restated due to change in accounting policy relating to stripping costs. Refer note 6.
The notes are an integral part of these financial statements.