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Income statements

for the year ended 31 December 2008

                     GROUP                COMPANY  
        2008   2007   2008   2007  
    Note   R millions R millions   R millions   R millions  
  CONTINUING OPERATIONS                    
  Revenue 16   12 876   8 710   5 601   3 425  
  Net operating costs 17   (11 841)   (7 963)   (5 350)   (3 333)  
  Profit from operations     1 035   747   251   92  
  Net (loss)/income from Pension Fund employer surplus account 4   (13)   30   (13)   30  
  Net (loss)/income from plan assets for post-retirement                    
  medical aid liabilities 13   (57)   36   (46)   26  
        965   813   192   148  
  Fair value adjustments – interest     (16)   5   (16)   5  
  Interest expense 18   (233)   (159)   (246)   (176)  
  Interest received 19   28   28   328   181  
  Investment income 20   12   11   238   227  
  Share of profit of associate companies 6   1   1          
        757   699   496   385  
  Impairment of goodwill 3   (42)   (20)   (27)   (3)  
  Impairment of property, plant and equipment 1   (4)   (36)   –   –  
  Impairment of investments 6   –   (1)   –   (1)  
  Profit on disposal of businesses     –   4   –   8  
  Profit before tax     711   646   469   389  
  Income tax expense 21   (238)   (246)   (80)   (78)  
  Profit from continuing operations     473   400   389   311  
  DISCONTINUED OPERATIONS                    
  (Loss)/profit from discontinued operations, net of tax 22   (94)   67   (116)   89  
  Profit for the year     379   467   273   400  
  Attributable to:                    
  Ordinary shareholders     385   455   271   398  
  Preference shareholders     2   2   2   2  
  Minority interest     (8)   10          
        379   467   273   400  
  Per ordinary share (cents)                    
  – Attributable earnings 23   358   412          
  – Diluted attributable earnings 23   356   408          
  – Headline earnings 23   412   355          
  – Diluted headline earnings 23   410   352          
  Continuing operations                    
  – Attributable earnings     445   351          
  – Diluted attributable earnings     443   348          
  – Ordinary dividends paid 24   231   213          
  – Ordinary dividends declared after the balance sheet date 24   141   141          

 
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