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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  26. Assets held for sale Assets held for sale       Lebowa Platinum Mines Limited 1,660   — Micawber 277 (Proprietary) Limited – (Ga-Phasha) 41   — Micawber 278 (Proprietary) Limited – (Booysendal) 46   — Investment in associate – Northam (Market value: R2,127 million) 507   —     2,254   — Liabilities associated with assets held for sale Micawber 277 (Proprietary) Limited – (Ga-Phasha) 19   —   Lebowa Platinum Mines Limited 1,138   — 1,157   —   Net assets classified as held for sale 1,097   — Disposal of Lebowa Platinum Mines Limited (LPM) In September 2007, the Board approved the disposal of 51% of the business of LPM, a wholly-owned subsidiary of Anglo Platinum and 1% of its interest in the Ga-Phasha joint venture, to Anooraq Resources Corporation for a cash purchase consideration of R3.6 billion. The sale is subject to the finalisation of binding legal agreements and certain regulatory and third party approvals. The transaction is expected to be effective by the end of the second quarter of 2008. Disposal of investment in associate – Northam In September 2007, the Board approved the disposal of Anglo Platinum's 22.4% interest in Northam and a 50% stake in the Booysendal joint venture to Mvelaphanda Resources Limited (Mvelaphanda) for a cash purchase consideration of R4 billion. The sale is subject to the finalisation of binding legal agreements and certain regulatory and third party approvals. The transaction is expected to be effective by the beginning of the second quarter of 2008.       Property, plant and equipment 712 Capital work-in-progress 1,005 Investment in associates 507 Accounts receivable 11 Other assets 3 Taxation 3 Cash deposits held by environmental trusts 12   Cash held by insurance captives 1     Assets classified as held for sale 2,254 Deferred taxation 437 Environmental obligations 21 Interest-bearing borrowings 210 Accounts payable 125 Other liabilities 80 Share-based payment provision 25   Cash and cash equivalents 259     Liabilities associated with assets classified as held for sale 1,157   Net assets classified as held for sale 1,097
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