Entire Annual Report - Anglo American Platinum

Income Statements" for the year ended 31 DecemberCOMPANYGROUP1999 2000 2000 1999Rm Rm Notes Rm RmGROSS SALES REVENUE 1 16 185,6 8 794,9Commissions paid 648,6 276,9NET SALES REVENUE 15 537,0 8 518,0COST OF SALES 6 675,8 5 338,7Cash operating costs 5 871,4 5 056,3On-mine costs 2 4 934,6 4 187,5Smelting costs 3 336,9 330,7Treatment and refining costs 4 599,9 538,1Amortisation of operating assets 5 395,8 304,5Increase in metal inventories (100,0) (239,7)Transfer from metal lease liability — (64,4)Other costs 6 508,6 282,0GROSS PROFIT ON METAL SALES 8 861,2 3 179,30,5 3,6 Other net income 7 593,5 56,0— — Net profit on disposal of mineral rights and investments 8 122,7 —— — Market development and promotional expenditure (180,2) (139,1)0,5 3,6 OPERATING PROFIT 9 397,2 3 096,21 371,1 4 033,5 Net investment income 9 295,6 120,6— — Income from associate 17 157,6 —1 371,6 4 037,1 PROFIT BEFORE TAXATION 10 9 850,4 3 216,830,8 193,9 Taxation 11 2 932,4 612,3NET PROFIT ATTRIBUTABLE TO ORDINARY1 340,8 3 843,2 SHAREHOLDERS 6 918,0 2 604,51 340,8 3 843,2 HEADLINE EARNINGS 6 795,3 2 604,5Weighted average number of ordinary shares in issue (millions) 216,3 215,5Earnings per share (cents) 12– Attributable (basic) 3 198,3 1 208,6– Headline 3 141,6 1 208,6– Diluted (attributable) 3 140,3 1 185,5– Diluted (headline) 3 084,6 1 185,5Dividends per share (cents) 2 410,0 700,0– Interim 710,0 275,0– Proposed/final 1 100,0 425,0– Proposed special 600,0 —Dividend cover (headline earnings before special dividend) 1,7 1,7Dividend cover (headline earnings after special dividend) 1,3 1,7RECONCILIATION BETWEEN ATTRIBUTABLEAND HEADLINE EARNINGSNet profit attributable to ordinary shareholders 6 918,0 2 604,5Adjustment:Net profit on disposal of mineral rights and investments (122,7) —HEADLINE EARNINGS 6 795,3 2 604,5146