Annual Financial Statements

Company financial statements

Company income statement

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 South African rands only. The functional currency of the company is South African rands.

Figures in millionNotes20082007
  SA Rands
Revenue113,61610,669
    
Gold income112,6529,971
Cost of sales2(8,296)(7,528)
Loss on non-hedge derivatives and other commodity contracts32(1,632)(1,205)
    
Gross profit 2,7241,238
Corporate administration and other expenses (922)(782)
Market development costs (60)(68)
Exploration costs (43)(28)
Other operating income (expense)39(19)
Operating special items48979
    
Operating profit 1,797420
Dividends received from subsidiaries1538376
Dividends received from other investments116
Interest received1282146
Net inter-company management fee and interest 9(6)
Exchange (loss) gain (267)11
Finance costs and unwinding of obligations5(192)(257)
Impairment of investment in Margaret Water CompanyGroup 8(4)(3)
    
Profit before taxation62,163703
Taxation8(748)(297)
    
Profit after taxation from continuing operations 1,415406
Discontinued operations   
Profit from discontinued operationsGroup 131987
    
Profit for the year 1,613413

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ANGLOGOLD ASHANTI Annual Report 2008