Notes to the consolidated financial statements

for the year ended 30 June 2008

		2008	2007
		R’000	R’000
21.	PROFIT BEFORE TAXATION AND STATE’S SHARE OF PROFITS
	Profit before taxation and State’s share of profits is stated after taking
	into account the following items of income and expenditure:

	Income
	Profit on disposal of property, plant and equipment	125	2 458
	Foreign exchange gains
	– realised	195 962	80 042
	– unrealised	29 166	2 852

	Expenditure
	Amortisation of intangible assets	180	180
	Auditors’ remuneration	4 364	3 225
	– Audit fees	4 173	3 200
	– Underprovision in prior year	191	25
	Cost of inventories written down	2 054	1 255
	Depreciation of mining assets (refer note 2)	287 661	222 728
	– Mineral and prospecting rights	20 342	20 330
	– Land, buildings and mining properties	16 814	8 176
	– Plant and equipment	145 304	110 670
	– Prospecting, exploration, mine development and decommissioning	51 490	54 732
	– Vehicles, furniture and office equipment	48 659	24 455
	– Leased assets capitalised	5 052	4 365
	Depreciation of other assets (refer note 2)	5 813	5 689
	– Land and buildings	7	–
	– Township and industrial property	442	253
	– Plant and equipment	2 767	3 045
	– Vehicles, furniture and office equipment	2 597	2 391
	Exploration expenditure	97	762
	Loss on disposal and scrapping of property, plant and equipment	10 040	207
	Foreign exchange losses – unrealised	1 964	20 464
	Operating lease expenses	648	616
	Professional fees	26 390	1 283
	Provision for impairment of debtors and bad debts written off	9	10
	Transfer secretary fees	99	211
	Staff costs (refer note 33)
	– salaries and wages (including directors’ emoluments)	600 606	377 207
	– healthcare costs	17 827	15 056
	– pension fund contributions	30 234	24 354

Notes to the consolidated financial statements

21.

PROFIT BEFORE TAXATION AND STATE’S SHARE OF PROFITS