Balance sheets

Annual financial statements

Balance sheets at 30 June 2004

Group				Company
2003	2004			2004	2003
R'000	R'000		Note	R'000	R'000
		ASSETS
1 252 963	1 444 179	Non-current assets		1 195 521	895 541
578 528	956 051	Mining assets	8	41 610	52 844
205 838	235 723	Non-current investments and other assets	9	14 082	10 974
		Investments in subsidiaries	10	1 139 829	826 446
-	200 836	Non-current inventories	14	-	-
5 277	-	Non-current accounts receivable		-	5 277
414 295	-	Deferred mining and income taxes	15	-	-
49 025	51 569	Derivative instruments	16	-	-
563 748	358 999	Current assets		18 546	288 250

59 100	103 493	Inventories	14	100	16
172 551	114 612	Accounts receivable		10 910	52 811
277	-	Taxation		-	-
331 820	140 894	Cash and cash equivalents		7 536	235 423

1 816 711	1 803 178	TOTAL ASSETS		1 214 067	1 183 791
		EQUITY AND LIABILITIES
456 066	569 890	Equity		569 890	456 066

456 066	564 057	Shareholders' equity	17	569 890	456 066
-	5 833	Minority shareholders interest		-	-
815 866	770 245	Non-current liabilities		335 516	389 726

183 965	245 392	Provision for environmental rehabilitation	18	30 958	31 167
-	132 455	Deferred mining and income taxes	15	-	-
387 478	308 992	Long-term liabilities	19	292 108	344 977
244 423	83 406	Derivative instruments	16	12 450	13 582
544 779	463 043	Current liabilities		308 661	337 999

300 002	300 867	Accounts payable and accrued liabilities		33 564	42 504
142 435	58 450	Short-term liabilities	19	42 199	29 581
73 232	82 869	Provisions	20	6 571	7 222
		Amounts owing to subsidiaries	10	223 507	237 411
-	9 384	Taxation		-	-
29 110	11 473	Bank overdraft		2 820	21 281

1 816 711	1 803 178	TOTAL EQUITY AND LIABILITIES		1 214 067	1 183 791

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