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	Home          Profile & mission          Key features          Chairman‘s statement          The board & executive          CEOs‘ review          Finance review       +   Market review       +   Operations review          Ore reserves & mineral resources review          Projects review       +   Company statistics            Financial statements Approval of the Annual Financial Statements Declaration by the Company Secretary Auditor‘s Report Directors‘ Report Remuneration Report Audit Committee Report Principal accounting policies Consolidated Income Statement Segmental Information Consolidated Balance Sheet Consolidated Cash Flow Statement Group Statement of Recognised Income and Expense United States Dollar Equivalent Consolidated Income Statement United States Dollar Equivalent Consolidated Balance Sheet United States Dollar Equivalent Consolidated Cash Flow Statement Notes to the Consolidated Financial Statements Annexures Appendix 1       +   Directorate & management       +   Shareholders‘ information	Financial statements  |  Notes to the Consolidated Financial Statements   print page   email page   PDF 639KB Explore Notes ---------------------------------------------------------------------------------------------- 1. Gross sales revenue ---------------------------------------------------------------------------------------------- 2. Exchange rates to the South African rand ---------------------------------------------------------------------------------------------- 3. Cash operating costs ---------------------------------------------------------------------------------------------- 4. Depreciation of operating assets ---------------------------------------------------------------------------------------------- 5. Other costs ---------------------------------------------------------------------------------------------- 6. Other net expenditure ---------------------------------------------------------------------------------------------- 7. Interest expensed and received ---------------------------------------------------------------------------------------------- 8. Profit before taxation ---------------------------------------------------------------------------------------------- 9. Taxation ---------------------------------------------------------------------------------------------- 10. Earnings per ordinary share ---------------------------------------------------------------------------------------------- 11. Reconciliation between net profit       and headline earnings ---------------------------------------------------------------------------------------------- 12. Ordinary and preference dividends ---------------------------------------------------------------------------------------------- 13. Property, plant and equipment ---------------------------------------------------------------------------------------------- 14. Capital work-in-progress ---------------------------------------------------------------------------------------------- 15. Exploration and evaluation ---------------------------------------------------------------------------------------------- 16. Investment in associates ---------------------------------------------------------------------------------------------- 17. Joint ventures ---------------------------------------------------------------------------------------------- 18. Investments held by environmental trusts ---------------------------------------------------------------------------------------------- 19. Other financial assets ---------------------------------------------------------------------------------------------- 20. Other non-current assets ---------------------------------------------------------------------------------------------- 21. Inventories ---------------------------------------------------------------------------------------------- 22. Accounts receivable ---------------------------------------------------------------------------------------------- 23. Other assets ---------------------------------------------------------------------------------------------- 24. Derivative financial assets ---------------------------------------------------------------------------------------------- 25. Cash and cash equivalents ---------------------------------------------------------------------------------------------- 26. Assets held for sale ---------------------------------------------------------------------------------------------- 27. Combined statement of movement in       shareholders’ funds and       movement in reserves ---------------------------------------------------------------------------------------------- 28. Share capital ---------------------------------------------------------------------------------------------- 29. Deferred taxation ---------------------------------------------------------------------------------------------- 30. Environmental obligations ---------------------------------------------------------------------------------------------- 31. Employee benefits ---------------------------------------------------------------------------------------------- 32. Obligations due under finance leases ---------------------------------------------------------------------------------------------- 33. Interest-bearing borrowings ---------------------------------------------------------------------------------------------- 34. Accounts payable ---------------------------------------------------------------------------------------------- 35. Other liabilities ---------------------------------------------------------------------------------------------- 36. Related party transactions ---------------------------------------------------------------------------------------------- 37. Reconciliation of profit before       taxation to cash from operations ---------------------------------------------------------------------------------------------- 38. Taxation paid ---------------------------------------------------------------------------------------------- 39. Purchase of property, plant and equipment ---------------------------------------------------------------------------------------------- 40. Commitments ---------------------------------------------------------------------------------------------- 41. Contingent liabilities ---------------------------------------------------------------------------------------------- 42. Change in accounting estimate ---------------------------------------------------------------------------------------------- 43. Financial instruments ---------------------------------------------------------------------------------------------- 44. Analysis of shareholders ---------------------------------------------------------------------------------------------- 45. Revision of conversion price applicable       to convertible preference shares ---------------------------------------------------------------------------------------------- 46. Comparative figures ---------------------------------------------------------------------------------------------- 47. Post-balance events ----------------------------------------------------------------------------------------------
		Notes to the Consolidated Financial Statements     2007 Rm    2006 Rm  29. Deferred taxation The movement for the year in the Group's net deferred taxation position was as follows: Opening balance 7,168   5,921 Charged to the income statement 2,017   1,247 Transferred to liabilities directly associated with assets held for sale (Note 26) (437)   Closing balance 8,748   7,168 Comprising: Deferred taxation assets (606)   (531) Deferred taxation liabilities 9,354   7,699     8,748   7,168 Deferred taxation liabilities 9,354   7,699 Mining property, plant and equipment 9,324   7,675 Other 30   24 Deferred taxation assets (606)   (531) Accrual for leave pay (204)   (183) Share-based payment provision (147)   (168) Post-retirement medical aid benefits (7)   (10) Other (248)   (170)   Net position as at 31 December 8,748   7,168 Deferred taxation balances are presented in the balance sheet as follows:   Deferred taxation liabilities 8,748   7,168 30. Environmental obligations Provision for decommissioning cost 679   434 Opening balance 434   334 Movement for the year 262   100 Discounted amount for decommissioning of expansion projects (Note 13) 213   63 Charged to interest expensed (Note 7) 49   37 Transferred to liabilities directly associated with assets held for sale (17)   — Provision for restoration cost 161   96 Opening balance 96   91 Movement for the year 69   5 Discounted amount for increase in restoration obligation charged to income statement 63   1 Charged to interest expensed (Note 7) 6   4 Transferred to liabilities directly associated with assets held for sale (4)   —   Environmental obligations before funding 840   530 Environmental obligations before funding* 861   530 Less: Environmental trusts (Note 18)* (378)   (264)   Unfunded environmental obligations* 483   266 Real pre-tax risk-free discount rate 4.0%   5.0%   Undiscounted amount of environmental obligations* 1,861   1,429 Refer to note 41 with respect to details on guarantees provided to the Department of Minerals and Energy in this regard.   *Including amounts attributable to Lebowa Platinum Mines Limited
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