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Annual Results for the year ended 31 December 2021
Creating economic value for all our stakeholders by delivering
MORE THAN MINING

Summary consolidated statement of comprehensive incomefor the year ended 31 December 2021

      Group 
   Notes  2021 
R (million)
2020 
R (million)

change 
Revenue  14  16 428.7  13 379.4  22.8 
Cost of sales  15  (9 637.3) (7 948.7) (21.2)
  Cost of sales excluding depreciation, amortisation and movement in inventories     (8 375.0) (6 866.5) (22.0)
  Depreciation and amortisation     (1 311.2) (1 265.3) (3.6)
  Increase in inventories     48.9  183.1  (73.6)
Gross profit     6 791.4  5 430.7  25.1 
Other income     1 062.3  494.4  114.9 
Other expenses       (301.4) 100.0 
Administrative expenses     (363.1) (263.7) (37.7)
  Corporate office     (237.4) (191.9) (23.7)
  Housing project     (55.5) (35.3) (57.2)
  Industry membership and market development     (42.5) (34.8) (22.1)
  Maseve care and maintenance and other costs     (27.7) (1.7) (1 529.4)
Impairment of housing assets       (4.1) 100.0 
Finance income  16.1  255.1  154.7  64.9 
Finance cost  16.2  (694.7) (487.3) (42.6)
  Premium on buy-back of convertible bond  8  (312.5) —  (100.0)
  Other finance costs  16.2  (382.2) (487.3) 21.6 
Profit before tax     7 051.0  5 023.3  40.4 
Income tax expense  17  (541.1) (1 494.3) 63.8 
  Current tax expense  17  (188.0) (81.3) (131.2)
  Deferred tax expense  17  (353.1) (1 413.0) 75.0 
Net profit for the period     6 509.9  3 529.0  84.5 
Other comprehensive income for the period       —  — 
Total comprehensive income     6 509.9  3 529.0  84.5 
Earnings per share for profit attributable to the ordinary equity holders of the Company:             
Basic EPS (cents/share) 22  2 332.4  1 369.9  70.3 
Diluted EPS (cents/share) 22  2 270.7  1 244.2  82.5 

The notes form an integral part of these summary consolidated annual financial statements.