Back to Anglo Platinum  | Downloads  | Glossary  | Contact
	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  19. Other financial assets Loans carried at amortised cost Advance to Bakgatla-Ba-Kgafela traditional community* 46   40 Rand-denominated secured loan to Plateau Resources (Pty) Limited† 70   70     116   110   * Anglo Platinum has made a R45 million loan to the Bakgatla-Ba-Kgafela traditional community (Bakgatla). As security for this loan, the Bakgatla has pledged its 55% interest in the company that holds the right to be granted a prospecting right on portion two of Rooderand 46JQ (Rooderand) to Anglo Platinum. If the prospecting right is not granted to Anglo Platinum in terms of section 17 of the Minerals and Petroleum Resources Development Act 28 of 2002 within a period of three years from 30 November 2006, Anglo Platinum has the election to acquire the Bakgatla's interest in the company holding the Rooderand right at par value in lieu of the capital and any interest accrued on the loan at that date. As at year end, management has applied for the new prospecting right, which application was refused on the basis of not facilitating empowerment. Anglo Platinum is taking this decision on judicial review, the outcome of which is pending. Anglo Platinum has undertaken not to advance legal proceedings pending negotiations with the Department of Mineral and Energy and, given the significant stake in this property that is held by an empowerment partner, Anglo Platinum is confident that either through the court process, or through engaging the Department of Minerals and Energy, the prospecting right will be awarded.  † Plateau Resources (Pty) Limited has pledged its 50% shareholding in Micawber 277 (Pty) Limited, which holds the right to the Ga-Phasha project. Plateau Resources (Pty) Limited has also ceded its participation interest in the Ga-Phasha unincorporated joint venture as security for this loan.  Neither of the loans and receivables included as non-current financial assets are past due or impaired at balance sheet date and there are no indications that any of these counterparties will not meet their repayment obligations.        20. Other non-current assets Non-current portion of prepaid operating lease rentals 79   83    Prepaid operating lease rentals to Ga-Pila (Pty) Limited, a company    registered in terms of section 21 of the Companies Act in South Africa 83   87    Less: Short-term portion transferred to other assets (Note 23) (4)   (4) Non-current portion of prepaid royalties —   —    Prepaid royalties —   133    Less: Short-term portion transferred to other assets (Note 23) —   (133)     79   83 21. Inventories Refined metals 1,736   1,630    At cost 1,529   1,525    At net realisable values 207   105 Work-in-progress at cost 4,046   3,195    At cost 3,944   3,195    At net realisable values 102   —   Total metal inventories 5,782   4,825 Stores and materials at cost less obsolescence provision 588   475     6,370   5,300
		Page up
		Page  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  40  41  42  43  44  45  46  47  48  49  50  51  52  53  54  55  56  57  58  59  60  61  62  63  64  65  66  67  68  69  70  71  72  73  74  75     Previous page  |  Financial statements 37/75
		Disclaimer