Company financial statements

The company annual financial statements represent the South African operations and corporate office. These company annual financial statements are a statutory requirement, and are accordingly presented in SA rands only.
for the year ended 31 December 2004
Figures in million	Notes		2004	2003
			SA Rands
Revenue	1		8,185	9,245
Gold income	1		7,749	8,845
Cost of sales	2		(6,774)	(6,762)
			975	2,083
Corporate administration and other expenses			(297)	(283)
Market development costs			(79)	(115)
Net inter-company royalties, dividends and interest			-	(189)
Exploration costs			(144)	(128)
Amortisation of intangible assets			(5)	(5)
Impairment of tangible assets	Group 18		-	(247)
Non-hedge derivative (loss) gain			(523)	877
Other operating expenses	3		(27)	(101)
Abnormal items	4		-	(122)
Operating (loss) profit			(100)	1,770
Interest receivable			183	185
Other net income	5		1	10
Finance costs and unwinding of decommissioning obligation	6		(276)	(196)
Fair value gains on interest rate swaps			12	38
Profits on disposal of assets			-	10
Debt written off			-	(9)
(Loss) profit before taxation	7		(180)	1,808
Taxation	9		641	(767)
Profit after taxation			461	1,041