38

Segment report

 The group has only one product, being gold. In order to determine operating and reportable segments, management reviewed various factors, including geographical location as well as managerial structure. It was determined that an operating segment consists of a shaft or a group of shafts managed by a single general manager and management team.
  
 After applying the quantitative thresholds from IFRS 8, the reportable segments were determined as:
  
 Bambanani, Doornkop, Evander, Joel, Kusasalethu, Masimong, Phakisa, Target, Tshepong, Virginia, Papua New Guinea and Mount Magnet (classified as held-for-sale and discontinued operation). For 2009 the Cooke operations were also classified as held for sale and discontinued operations. All other operating segments have been grouped together under All other surface operations, under their classification as either continuing or discontinued.
  
 When assessing profitability, the chief operating decision maker (CODM) considers the revenue and production costs of each segment. The net of these amounts is the operating profit or loss. Therefore, operating profit has been disclosed in the segment report as the measure of profit or loss.
  
 The CODM does not consider depreciation or impairment and therefore these amounts have not been disclosed in the segment report, but does consider capital expenditure which has been disclosed.
  
 Segment assets consist of mining assets included under property, plant and equipment which can be attributed to the shaft or group of shafts. Current and non-current group assets that are not allocated at a shaft level, form part of the reconciliation to total assets.
  
 A reconciliation of the segment totals to the group financial statements has been included in note 39.
      Segment report – 2010 (Rand)
  Revenue
Rm
Production
cost
Rm
Production
profit
Rm
Mining
assets
Rm
Capital
expenditure
Rm
Kilograms
produced*
kg
Tonnes
milled*
t’000
 

Continuing operations

       
 South Africa       
 Underground       
 Bambanani1 1147453699542074 137(1)528
 Doornkop5174101072 8373421 950540
 Evander operations910859519221753 475788
 Joel524379145175882 006439
 Kusasalethu1 3921 0913012 9744305 4441 035
 Masimong1 2777025757991774 840899
 Phakisa375326494 0654861 371339
 Target8786642142 5373823 539(2)777
 Tshepong1 8231 1476763 6452616 7491 518
 Virginia operations1 4151 340756821805 2881 656
         
 Surface       
 All other surface operations980632348127843 7319 140
 Total South Africa11 2058 2952 91019 7172 81242 53017 659
         
 International       
 Papua New Guinea7963163 7715411 903(3)304
 Total international7963163 7715411 903304
 Total continuing operations11 2848 3582 92623 4883 35344 43317 963
 

Discontinued operations

       
 Mount Magnet226
 Total discontinued operations226
 Total operations11 2848 3582 92623 7143 35344 43317 963
 Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39) 15 509   
  11 2848 358 39 223   
 *Production statistics are unaudited.
  (1)33kg capitalised.
 (2)117kg capitalised.
  (3)1 438kg capitalised.
          
 Segment report – 2010 (US dollar)
   Revenue
US$m
Production
cost
S$m
Production
profit
US$m
Mining
assets
US$m
Capital
expenditure
US$m
Ounces
produced*
oz
Tons
milled*
t’000
 

Continuing operations

       
 South Africa       
 Underground       
 Bambanani147984912528133 007(1)582
 Doornkop6854143724562 694595
 Evander operations120113712123111 724869
 Joel695019231064 495484
 Kusasalethu1841444039057175 0291 141
 Masimong168937510523155 609991
 Phakisa504375336444 079374
 Target116882833351113 782(1)857
 Tshepong2411519047835216 9861 674
 Virginia operations187177108924170 0131 826
         
 Surface       
 All other surface operations12984451711119 95410 077
 Total South Africa1 4791 0953842 5863711 367 37219 470
         
 International       
 Papua New Guinea10824947161 173(1)335
 Total international10824947161 173335
 Total continuing operations1 4891 1033863 0804421 428 54519 805
 

Discontinued operations

       
 Mount Magnet29
 Total discontinued operations29
 Total operations1 4891 1033863 1094421 428 54519 805
 Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39) 2 032   
   1 4891 103 5 141   
 *Production statistics are unaudited. 
  (1)1 061oz capitalised. 
 (2) 3 762oz capitalised. 
  (3) 46 223oz capitalised. 
         
 Segment report – 2009 (Rand)
   Revenue
Rm
Production
cost
Rm
Production
profit
Rm
Mining
assets
Rm
Capital
expenditure
Rm
Kilograms
produced*
kg
Tonnes
milled*
t’000
 

Continuing operations

       
 South Africa       
 Underground       
 Bambanani924651273705523 780517
 Doornkop343281622 5443951 311549
 Evander operations1 5149985169402105 9121 125
 Joel503366137240562 043513
 Kusasalethu1 4221 0563662 7154225 422962
 Masimong1 2156615546651304 791890
 Phakisa171107643 658461691185
 Target6885361522 2183422 713644
 Tshepong1 7809788023 6342497 1781 375
 Virginia operations2 0331 4885458981998 0302 261
         
 Surface       
 All other surface operations903535368142843 5668 867
 Total South Africa11 4967 6573 83918 3592 60045 43717 888
         
 International       
 Papua New Guinea3 5401 782
 Total international3 5401 782
 Total continuing operations11 4967 6573 83921 8994 38245 43717 888
 

Discontinued operations

       
 Cooke operations614447167872 5001 287
 Mount Magnet259
 Total discontinued operations614447167259872 5001 287
 Total operations12 1108 1044 00622 1584 46947 93719 175
 Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39)(614)(447) 15 867   
   11 4967 657 38 025   
 * Production statistics are unaudited. 
          
 Segment report – 2009 (US dollar)
    Production
Revenue
US$m
Production
cost
US$m
Production
profit
US$m
Mining
assets
US$m
Capital
expenditure
US$m
Ounces
produced*
oz
Tons
milled*
t’000
 

Continuing operations

       
 South Africa       
 Underground       
 Bambanani1037231916121 530570
 Doornkop383173304442 150605
 Evander operations1681115712224190 0751 241
 Joel56411531665 684566
 Kusasalethu1581174135247174 3211 061
 Masimong13573628614154 034981
 Phakisa191274745122 216204
 Target7660162873887 225710
 Tshepong1981098947128230 7781 516
 Virginia operations2261656111622258 1702 493
         
 Surface       
 All other surface operations1005941189114 6489 778
 Total South Africa1 2778504272 3782891 460 83119 725
         
 International       
 Papua New Guinea458198
 Total international458198
 Total continuing operations1 2778504272 8364871 460 83119 725
 

Discontinued operations

       
 Cooke operations6950191080 3771 419
 Mount Magnet34
 Total discontinued operations695019341080 3771 419
 Total operations1 3469004462 8704971 541 20821 144
 Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39)(69)(50) 2 055   
   1 277850 4 925   
 * Production statistics are unaudited.