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ANNEXURE 4: BALANCE SHEET – US DOLLAR CONVENIENCE TRANSLATION AS AT 31 DECEMBER ANNEXURE 4: BALANCE SHEET US DOLLAR CONVENIENCE TRANSLATION (Unaudited supplementary information) US dollar million 2011 2010 Assets Property, plant and equipment 2,552 2,395 Biological assets 1 1 Investments in associates and joint ventures 4 4 Investments held by environmental trust 69 56 Long-term prepayments and other receivables 12 8 Deferred tax assets 80 71 Non-current assets 2,718 2,535 Inventories 472 468 Trade and other receivables 433 467 Current tax assets 4 4 Cash and cash equivalents 580 733 Current assets 1,489 1,672 Total assets 4,207 4,207 Equity and liabilities Shareholders’ equity 1,936 2,164 Non-controlling interest 582 610 Total equity 2,518 2,774 Liabilities Interest-bearing borrowings – 481 Provisions 110 101 Deferred tax liabilities 604 343 Non-current liabilities 714 925 Short-term portion of interest-bearing borrowings 390 – Short-term portion of provisions 1 2 Trade and other payables 557 493 Current tax liabilities 27 13 975 508 Total liabilities 1,689 1,433 Total equity and liabilities 4,207 4,207 Exchange rate Translated at closing rand/US dollar exchange rate 8.18 6.63 82 Kumba Iron Ore Limited
ANNEXURE 5: INCOME STATEMENT – US DOLLAR CONVENIENCE TRANSLATION FOR THE YEAR ENDED 31 DECEMBER ANNEXURE 5: INCOME STATEMENT US DOLLAR CONVENIENCE TRANSLATION (Unaudited supplementary information) US dollar million 2011 2010 Revenue 6,697 5,299 Operating expenses (2,288) (1,858) Operating profit 4,409 3,441 Finance income 33 20 Finance costs (21) (24) Profit before taxation 4,421 3,437 Taxation (1,346) (933) Profit for the year 3,075 2,504 Attributable to: Owners of Kumba 2,351 1,961 Non-controlling interest 724 543 3,075 2,504 (Cents per share) Basic 7.32 6.11 Diluted 7.31 6.10 Exchange rate Translated at average rand/US dollar exchange rate 7.25 7.30 Annexures Annual Financial Statements 2011 83
Page 1 and 2:
KUMBA IRON ORE ANNUAL FINANCIAL STA
Page 3 and 4:
KUMBA AT A GLANCE BROAD AND MEANING
Page 5 and 6:
INTEGRATED REPORTING THE INTEGRATED
Page 7 and 8:
OPERATING PROFIT (R billion) CAGR:5
Page 9 and 10:
17 13 OPERATING EXPENDITURE Rand mi
Page 11 and 12:
Net debt Kumba’s net cash positio
Page 13 and 14:
productivity improvement project,
Page 15 and 16:
CERTIFICATE OF THE COMPANY SECRETAR
Page 17 and 18:
DIRECTORS’ REPORT FOR THE YEAR EN
Page 19 and 20:
SEGMENT RESULTS Refer to note 36,
Page 21 and 22:
REPORT OF THE AUDIT COMMITTEE FOR T
Page 23 and 24:
REMUNERATION REPORT FOR THE YEAR EN
Page 25 and 26:
Both fixed and variable components
Page 27 and 28:
Executive directors’ short-term i
Page 29 and 30:
Long-term incentive schemes: intere
Page 31 and 32:
PRINCIPAL ACCOUNTING POLICIES FOR T
Page 33 and 34:
On disposal of part or all of the i
Page 35 and 36: The average LOM stripping ratio is
Page 37 and 38: The group’s criteria for a deriva
Page 39 and 40: The group recognises termination be
Page 41 and 42: 5.2 Waste stripping costs The rate
Page 43 and 44: GROUP INCOME STATEMENT/ STATEMENT O
Page 45 and 46: GROUP CASH FLOW STATEMENT FOR THE Y
Page 47 and 48: 1. PROPERTY, PLANT AND EQUIPMENT co
Page 49 and 50: 4. INVESTMENTS HELD BY ENVIRONMENTA
Page 51 and 52: 9. INTEREST-BEARING BORROWINGS Rand
Page 53 and 54: 10. PROVISIONS continued Change in
Page 55 and 56: 15. OPERATING EXPENSES Rand million
Page 57 and 58: 19. TAXATION Rand million 2011 2010
Page 59 and 60: 22. EQUITY-SETTLED SHARE-BASED PAYM
Page 61 and 62: 23. NON-CONTROLLING INTEREST Rand m
Page 63 and 64: 29. FINANCIAL INSTRUMENTS The group
Page 65 and 66: 29. FINANCIAL INSTRUMENTS continued
Page 67 and 68: 29. FINANCIAL INSTRUMENTS continued
Page 69 and 70: 32. COMMITMENTS Rand million 2011 2
Page 71 and 72: 35. RELATED PARTY TRANSACTIONS cont
Page 73 and 74: COMPANY BALANCE SHEET AS AT 31 DECE
Page 75 and 76: COMPANY CASH FLOW STATEMENT FOR THE
Page 77 and 78: 4. SHARE CAPITAL AND SHARE PREMIUM
Page 79 and 80: 11. RELATED PARTY TRANSACTIONS Duri
Page 81 and 82: ANNEXURE 2: INVESTMENTS IN ASSOCIAT
Page 83 and 84: LONG-TERM INCENTIVE PLAN continued
Page 85: MANAGEMENT SHARE OPTION SCHEME cont
Page 89 and 90: BREAKDOWN OF NON-PUBLIC HOLDINGS BR
Page 91 and 92: NOTES Annual Financial Statements 2
Page 93: 4771/11
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