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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	Income statements  for the year ended June 30,   Group     Note   Company 2002  2003          2003  2002  R’000  R’000          R’000  R’000  2 638 994  2 408 598    Revenue 2   –  42  (2 360 853) (2 316 688)   Cost of sales     (33 192) (20 138) (2 213 703) (2 173 277)      Cash cost     (14 096) (8 290) (135 111) (105 675)      Depreciation     (11 415) (11 401) (3 943) (13 599)      Retrenchment costs     (4 911) (810) (5 161) (12 806)      Movement in provision for    environmental rehabilitation 14   (2 770) 363  (2 935) (11 331)      Movement in gold in progress     –  –  278 141  91 910    Operating profit/(loss) from gold     (33 192) (20 096) (836 996) 370 199    Profit/(loss) on financial instruments     (20 651) –  –  89 333    Profit on sale of subsidiary     –  –  (21 996) (133 001)   Asset impairment and diminution in investments 3   (1 010 784) (218 307) (142 833) (61 087)   Administration and general costs     (15 591) (54 554) (723 684) 357 354    Profit/(loss) from operations 3   (1 080 218) (292 957) 55 664  99 998    Investment income 5   107 536  63 188  (24 209) (39 498)   Finance costs     (32 040) (10 522) –  (43 674)   Loss from associate 11   –    (692 229) 374 180    Profit/(loss) before taxation     (1 004 722) (240 291) 181 695  (3 275)   Taxation (charge)/benefit 6   –  –  (510 534) 370 905    Profit/(loss) after taxation     (1 004 722) (240 291)       Profit/(loss) for the year attributable to         (510 534) 370 905    ordinary shareholders     (1 004 722) (240 291) (316) 202    Basic profit/(loss) per ordinary share (cents) 7       (315) 217    Headline profit/(loss) per ordinary share (cents) 7             Diluted basic profit/(loss) per ordinary         (305) 198    share (cents) 7             Diluted headline profit/(loss) per ordinary         (304) 211    share (cents) 7       –  –    Dividends per share (cents)