Business Review  Print and download options
Issue 2003	DRD Annual Results • 30 June 2003 JHB: DUR NY: DROOY Sydney: DRD
Home Corporate profile Financial highlights Chairman’s statement Directorate & management Directors’ report Corporate governance statement Statement of reserves & resources Exploration Management discussion and analysis Statement of responsibility by the board of directors Company secretary’s report Report of the independent auditors Annual financial statements: Income statements Balance sheets Statements of shareholders’ equity Cash flow statements Notes to the cash flow statements Notes to the annual financial statements Condensed consolidated financial statements - US GAAP Notice to shareholders Shareholder analysis Shareholders’ diary Conversion table Glossary of terms Form of proxy Notes to proxy Notice of direction Contacts	Balance sheets   at June 30,   Group     Note   Company 2002 2003         2003 2002 R’000 R’000         R’000 R’000       Assets         1 154 461 1 252 963   Non-current assets     895 541 1 501 370 771 885 578 528   Mining assets 8   52 844 64 076 144 318 205 838   Non-current investments and other assets 9   10 974 10 514       Investments in subsidiaries 10   826 446 1 426 780 – –   Investment in associate 11   – – – 5 277   Non-current accounts receivable     5 277 – 238 258 414 295   Deferred mining and income taxes 15   – – – 49 025   Derivative financial assets 18   – – 460 637 563 748   Current assets     288 250 50 606 86 661 59 100   Inventories 12   16 – 126 644 172 551   Accounts receivable     52 811 13 950 – 277   Taxation     – – 247 332 331 820   Cash and cash equivalents     235 423 36 656 1 615 098 1 816 711   Total assets     1 183 791 1 551 976       Equity and liabilities               Capital and reserves         438 022 456 066   Shareholders’equity 13   456 066 1 229 067 526 411 815 866   Non-current liabilities     389 726 28 397 193 376 183 965   Provision for environmental rehabilitation 14   31 167 28 397 69 964 –   Deferred mining and income taxes 15   – – 263 071 387 478   Long-term liabilities 16   344 977 – – 244 423   Derivative financial liabilities 18   13 582 – 650 665 544 779   Current liabilities     337 999 294 512 390 954 300 002   Accounts payable and accrued liabilities     42 504 63 449 165 561 142 435   Short-term liabilities 16   29 581 – 84 632 73 232   Provisions and accrual 17   7 222 5 979       Amounts owing to group companies 10   237 411 219 631 4 002 –   Taxation     – – 5 516 29 110   Bank overdraft     21 281 5 453 1 615 098 1 816 711   Total equity and liabilities     1 183 791 1 551 976