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COMPANY INCOME STATEMENT / STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER
INCOME
STATEMENT
Rand million Notes 2011 2010
Net operating expenses 6 (44) (33)
Operating loss (44) (33)
Finance income 71 122
Finance costs (1) –
Income from investments 7 13,016 6,705
Profit before taxation 13,042 6,794
Taxation 8 (95) (35)
Profit for the year 12,947 6,759
Total comprehensive income for the year 12,947 6,759
The company did not have any non-owner changes in equity during the year other than the profit for the year, therefore no separate statement of
other comprehensive income is presented for the years ended 31 December 2011 and 2010.
STATEMENT OF
CHANGES IN EQUITY
Share
premium
(note 4)
Equity-settled
share-based
payment
Rand million
Share capital
(note 4)
Retained
earnings Total
Balance at beginning of year 3 267 202 518 990
Shares issued during the period – 80 – – 80
Equity-settled share-based payments – – 246 – 246
Vesting of shares under employee share incentive schemes – – (3) (9) (12)
Total comprehensive income for the year – – – 6,759 6,759
Dividends paid – – – (6,720) (6,720)
Balance at 31 December 2010 3 347 445 548 1,343
Shares issued during the period – 16 – – 16
Equity-settled share-based payments – – (244) – (244)
Vesting of shares under employee share incentive schemes – – (7) (14) (21)
Total comprehensive income for the year – – – 12,947 12,947
Dividends paid – – – (13,749) (13,749)
Balance at 31 December 2011 3 363 194 (268) 292
70 Kumba Iron Ore Limited