Downloads | Contact us | Glossary
 
     
   
Introduction | Income statement | Balance sheet | Cash flow statement | Reconciliation between IFRS and US GAAP
| Print
     
   
Condensed consolidated income statement
derived from financial statements prepared in accordance with US GAAP3
 
Figures in US Dollars millions, except for share data 2003  2002  2001 
Year ended 31 December $  $  $ 
       
Sales and other income 2,062  1,799  2,066 
     
Product sales 2,026  1,761  2,041 
Interest, dividends and other income 36  38  25 
   
Cost and expenses 1,651  1,369  2,059 
   
Production costs 1,206  910  1,245 
Exploration costs 40  28  26 
Related party transactions 36  40  54 
General and administrative 43  30  24 
Royalties 27  25  16 
Market development costs 19  17  16 
Research and development ?  1  2 
Depreciation, depletion and amortisation 321  333  371 
Impairment of assets 78  ?  173 
Goodwill amortised ?  ?  27 
Interest expense 49  44  72 
Accretion expense 2  ?  ? 
Employment severance costs 4  3  22 
Loss on sale of mining assets ?  ?  4 
(Profit) loss on sale of assets (55) 11  ? 
Non-hedge derivative (gains) loss (119) (73) 5 
Other ?  ?  2 
   
Income before equity income and income tax 411  430  7 
Equity income in affiliates 2  4  1 
Income before income tax provision 413    434  8 
Deferred income and mining tax expensed (146) (62) (163)
Income (loss) before minority interest 267  372  (155)
Minority interest (17) (16) (8)
Income (loss) before cumulative effect of accounting change 250  356  (163)
Cumulative effect of accounting change (3)  ?  (10)
Net income (loss) ? applicable to common stockholders 247  356  (173)
Basic earnings (loss) per common share: (cents)      
Before cumulative effect of accounting change 112  160  (76)
Cumulative effect of accounting change (1) ?  (5)
Net income (loss) ? applicable to common stockholders 111  160  (81)
Diluted earnings (loss) per common share: (cents)      
Before cumulative effect of accounting change 112  160  (76)
Cumulative effect of accounting change (1) ?  (5)
Net income (loss) ? applicable to common stockholders 111  160  (81)
Weighted average number of common shares used in computation 222,836,574  221,883,567  214,278,892 
Dividend per common share (cents) 133  113 

84 
       
These condensed financial statements should be read in conjunction with the Company’s financial statements and footnotes filed on Form 20-F with the United States Securities and Exchange Commission on or about 15 March 2004.
 
| Top