2005 Annual Report

Company income statement

for the year ended 31 December

      Restated
            2005 2004
  Notes Rm Rm
Interest and similar income   22 46
Interest expense and similar charges   13 41
Net interest income   9 5
Dividends from subsidiaries   769 298
Dividends from other investments   2 3
Foreign currency translation gains   25 1
Total income after foreign currency translation gains   805 307
Operating expenses 9 13 15
Profit from operations before non-trading and capital items   792 292
Loss on repatriation of foreign capital   74  
Impairment of investments   516 401
Impairment of advances 8 (97) 218
Profit/(loss) before taxation   299 (327)
Taxation   44 8
South African normal taxation – current   36 6
    – deferred   7  
Secondary taxation on companies   1 2
       
Profit/(loss) after taxation   255 (335)
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