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Notes to the consolidated financial statements for the year ended 30 June 2009

Notes 1. ACCOUNTING POLICIES 2. PROPERTY, PLANT AND EQUIPMENT 3. INVESTMENT PROPERTIES 4. INTANGIBLE ASSETS 5. INVESTMENTS 6. INVENTORIES 7. TRADE AND OTHER RECEIVABLES 8. SHARE CAPITAL 9. SHARE PREMIUM 10. TREASURY SHARES  11. OTHER RESERVES  12. LONG-TERM BORROWINGS 13. DEFERRED TAXATION 14. LONG-TERM PROVISIONS 15. TRADE AND OTHER PAYABLES  16. SHORT-TERM PROVISIONS  17. SHORT-TERM BORROWINGS AND OVERDRAFTS 18. REVENUE  19. FINANCE COSTS  20. PROFIT BEFORE TAXATION AND STATE'S SHARE OF PROFITS 21. TAXATION AND STATE'S SHARE OF PROFITS 22. EARNINGS AND HEADLINE EARNINGS PER SHARE 23. DIVIDENDS  24. NOTES TO THE CASH FLOW STATEMENT  25. FINANCIAL RISK MANAGEMENT 26. CAPITAL MANAGEMENT 27. COMMITMENTS/option> 28. CONTINGENT LIABILITIES 29. INVESTMENT IN JOINT-VENTURE ENTITY 30. SEGMENTAL INFORMATION 31. RELATED PARTY TRANSACTIONS 32. RETIREMENT BENEFIT INFORMATION 33. COMPARATIVE INFORMATION

2009     2008           R’000     R’000   20. 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      38 450     125     Foreign exchange gains                – realised      556 709     195 962     – unrealised      9 511     29 166     Increase in decommissioning assets      –     1 316      Expenditure                 Amortisation of intangible assets      180     180      Auditors’ remuneration      5 148     4 364      – audit fees      5 148     4 173      – underprovision in prior year      –     191                      Cost of inventories written down (refer to note 6)      131 383     2 054      Depreciation of mining assets (refer to note 2)      406 052     287 661      – Mineral and prospecting rights      19 813     20 342      – Land, buildings and mining properties      21 248     16 814      – Plant and equipment      227 672     145 304      – Prospecting, exploration, mine development and decommissioning      31 545     51 490      – Vehicles, furniture and office equipment      98 828     48 659      – Leased assets capitalised      6 946     5 052      Depreciation of other assets (refer to note 2)      8 569     5 813      – Land and buildings      124     7      – Township and industrial property      1 068     442      – Plant and equipment      4 452     2 767      – Vehicles, furniture and office equipment      2 925     2 597      Impairment of non-financial assets (refer to note 2)      59 114     –      Exploration expenditure      660     97      Loss on disposal and scrapping of property, plant and equipment      14 251     10 040      Foreign exchange losses                 – realised      69 817     17 137      – unrealised      31 797     1 964      Operating lease expenses      694     648      Professional fees      2 486     26 390      Provision for impairment of receivables and bad debts written off      126     9      Transfer secretaries’ fees      242     99      Staff costs (refer to note 32)                 – salaries and wages (including executive directors’ emoluments)      743 300     600 606      – healthcare costs      23 455     17 827      – pension fund contributions      39 821     30 234