| Condensed consolidated
income statements for
the years ended June 30 |
| Derived from financial
statements prepared in accordance with US GAAP
|
| |
2003
US$000 |
2002
US$000 |
2001
US$000 |
| Revenues |
|
|
|
| Product sales |
265
944 |
303 858 |
291 325 |
| Costs and expenses |
(242
626) |
(217 571) |
(244 674) |
| Production costs |
(239
961) |
(218 056) |
(247 098) |
| Movement in gold in process |
(1
251) |
(289) |
(15) |
| Movement in rehabilitation provision |
(1
414) |
774 |
2 439 |
| Other operating expenses |
|
|
|
| Depreciation and amortisation |
(11
828) |
(15 017) |
(15 188) |
| Employment termination costs |
(1
501) |
(388) |
(2 953) |
| Impairment of mining assets |
(5
303) |
(2 167) |
(2 752) |
| Management and consulting fees |
(1
649) |
(1 888) |
– |
| Post-retirement medical benefits |
– |
(1 786) |
– |
| Profit on sale of subsidiary |
10
281 |
– |
8 600 |
| Profit/(loss) on financial instruments |
40
875 |
(147 153) |
(15 406) |
| Profit/(loss) on sale of other assets and
listed investments |
1
729 |
(606) |
232 |
| Write-off of investments and loans |
(9
382) |
(86) |
(1 421) |
| Selling, administration
and general charges |
|
|
|
| (including stock based compensation costs
of US$4 306 000;2002: US$2 503 271 and 2001: US$2 933 625) and
expenses paid through the issue of shares of US$Nil(2002: US$Nil
and 2001: US$315 000) |
(10 676) |
(13 254) |
(33 836) |
| Net operating income/(loss) |
35
864 |
(96 058) |
(16 073) |
| Non-operating income |
|
|
|
| Interest and dividends |
7
169 |
2 786 |
4 699 |
| Other income |
12
763 |
– |
– |
| Loss from associate company |
(4
822) |
– |
– |
| Finance costs |
|
|
|
| Interest expense |
(4
370) |
(2 385) |
(5 573) |
| Debt issuance costs |
(618) |
– |
– |
| Profit/(loss) before tax |
45
986 |
(95 657) |
(16 947) |
| Income and mining tax (charge)/benefit |
(299) |
42 864 |
7 005 |
| Net profit/(loss) after tax |
45
687 |
(52 793) |
(9 942) |
| Minority interests |
– |
– |
258 |
| Net profit/(loss) before cumulative
effect of accounting change |
45
687 |
(52 793) |
(9 684) |
| Cumulative effect of accounting change
(net of income taxes of US$ nil) |
(173) |
– |
(77 950) |
| Net profit/(loss) applicable to
common stakeholders |
45
514 |
(52 793) |
(87 634) |
| Basic profit/(loss) per share (cents)
before cumulative effect of change in accounting policy |
24.9 |
(33.0) |
(7.0) |
| Cumulative effect of change in accounting
policy |
(0.1) |
– |
(58.0) |
| Basic profit/(loss) per share (cents) |
24.8 |
(33.0) |
(65.0) |
| Weighted average number of common shares
used in computation |
183
300 665 |
161 664 648 |
134 630 999 |
| Diluted profit/(loss) per share (cents) before
cumulative effect of change in accounting policy |
24.2 |
(33.0) |
(7.0) |
| Cumulative effect of change in accounting
policy |
(0.1) |
– |
(58.0) |
| Diluted profit/(loss) per share (cents) |
24.1 |
(33.0) |
(65.0) |
| Diluted weighted average number of common
shares used in computation |
201
071 734 |
161 664 648 |
134 630 999 |
