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INCOME STATEMENT

.	%	2007 R millions	2006 R millions

Continuing operations
Revenue ⁽²⁾	+13	8 521	7 558
Net operating costs	.	7 764	6 510
Profit from operations	- 28	757	1 048
Creation of pension fund employer surplus account		-	179
Release of provision for post-employment medical aid benefits		-	131
Net income from pension fund employer surplus account		30	17
Net income from plan assets for post-retirement liabilities	.	36	-
		823	1 375
Fair value adjustments on derivative instruments		5	11
Financing costs (net of costs capitalised)		(159)	(143)
Interest received		28	35
Income from associates and investments	.	12	7
		709	1 285
Impairment of goodwill		(20)	(6)
Other impairments and disposals	.	2	(15)
Profit before tax		691	1 264
Tax	.	(218)	(339)
Net profit from continuing operations		473	925
Net profit from discontinued operations		(6)	28
Profit before tax		46	48
Closure costs		(117)	-
Impairments and disposals		64	(6)
Tax		1	(14)
.	.	.	.
Net profit		467	953

Attributable to preference and minority shareholders	.	(12)	(37)
Profit attributable to ordinary shareholders	.	455	916

Headline earnings are derived from:
Profit attributable to ordinary shareholders		455	916
Impairment of goodwill		20	6
Other impairments and disposals before tax		(66)	21
Tax effects of the above items		(17)	(1)
.	.	.	.
Headline earnings	.	392	942

Per ordinary share (cents):	.
Headline earnings	- 58	355	853
Diluted headline earnings ⁽³⁾		352	842
Attributable earnings		412	829
Diluted attributable earnings ⁽³⁾		408	819
Continuing earnings		417	804
Diluted continuing earnings ⁽³⁾		414	794
Dividends declared	+ 4	213	205
Dividend paid		213	185
Ordinary shares (millions) ⁽⁴⁾
- in issue		110	110
- weighted average number of shares		110	110
- diluted weighted average number of shares ⁽³⁾		111	112

Notes
(1)	Accounting policies are in accordance with International Financial Reporting Standards and are consistent with those applied in the previous financial year.
(2)	Includes foreign sales of R1 533 million (2006 - R1 271 million).
(3)	Calculated in accordance with IAS33. The Company has purchased call options over AECI Shares which will obviate the need for the Company to issue new shares in terms of the AECI share option scheme. In practice, therefore, there will be no future dilution of earnings from this source.
(4)	Net of 10 311 120 (2006 - 10 311 120 treasury shares held by a subsidiary company.
(5)	Items relating to discontinued operations have been reclassified in the comparatives.
(6)	The auditors, KPMG Inc, have reviewed the Group condensed financial results for the year ended 31 December 2007. A copy of the auditors' unqualified review report is available for inspection at the Company's registered office.