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* t000 | |||
---|---|---|---|---|---|---|---|---|---|
Continuing operations | |||||||||
South Africa | |||||||||
Underground | |||||||||
Bambanani | 1 114 | 745 | 369 | 954 | 207 | 4 137(1) | 528 | ||
Doornkop | 517 | 410 | 107 | 2 837 | 342 | 1 950 | 540 | ||
Evander operations | 910 | 859 | 51 | 922 | 175 | 3 475 | 788 | ||
Joel | 524 | 379 | 145 | 175 | 88 | 2 006 | 439 | ||
Kusasalethu | 1 392 | 1 091 | 301 | 2 974 | 430 | 5 444 | 1 035 | ||
Masimong | 1 277 | 702 | 575 | 799 | 177 | 4 840 | 899 | ||
Phakisa | 375 | 326 | 49 | 4 065 | 486 | 1 371 | 339 | ||
Target | 878 | 664 | 214 | 2 537 | 382 | 3 539(2) | 777 | ||
Tshepong | 1 823 | 1 147 | 676 | 3 645 | 261 | 6 749 | 1 518 | ||
Virginia operations | 1 415 | 1 340 | 75 | 682 | 180 | 5 288 | 1 656 | ||
Surface | |||||||||
All other surface operations | 980 | 632 | 348 | 127 | 84 | 3 731 | 9 140 | ||
Total South Africa | 11 205 | 8 295 | 2 910 | 19 717 | 2 812 | 42 530 | 17 659 | ||
International | |||||||||
Papua New Guinea | 79 | 63 | 16 | 3 771 | 541 | 1 903(3) | 304 | ||
Total international | 79 | 63 | 16 | 3 771 | 541 | 1 903 | 304 | ||
Total continuing operations | 11 284 | 8 358 | 2 926 | 23 488 | 3 353 | 44 433 | 17 963 | ||
Discontinued operations | |||||||||
Mount Magnet | | | | 226 | | | | ||
Total discontinued operations | | | | 226 | | | | ||
Total operations | 11 284 | 8 358 | 2 926 | 23 714 | 3 353 | 44 433 | 17 963 | ||
Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39) | | | 15 509 | ||||||
11 284 | 8 358 | 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* t000 | |||
Continuing operations | |||||||||
South Africa | |||||||||
Underground | |||||||||
Bambanani | 147 | 98 | 49 | 125 | 28 | 133 007(1) | 582 | ||
Doornkop | 68 | 54 | 14 | 372 | 45 | 62 694 | 595 | ||
Evander operations | 120 | 113 | 7 | 121 | 23 | 111 724 | 869 | ||
Joel | 69 | 50 | 19 | 23 | 10 | 64 495 | 484 | ||
Kusasalethu | 184 | 144 | 40 | 390 | 57 | 175 029 | 1 141 | ||
Masimong | 168 | 93 | 75 | 105 | 23 | 155 609 | 991 | ||
Phakisa | 50 | 43 | 7 | 533 | 64 | 44 079 | 374 | ||
Target | 116 | 88 | 28 | 333 | 51 | 113 782(1) | 857 | ||
Tshepong | 241 | 151 | 90 | 478 | 35 | 216 986 | 1 674 | ||
Virginia operations | 187 | 177 | 10 | 89 | 24 | 170 013 | 1 826 | ||
Surface | |||||||||
All other surface operations | 129 | 84 | 45 | 17 | 11 | 119 954 | 10 077 | ||
Total South Africa | 1 479 | 1 095 | 384 | 2 586 | 371 | 1 367 372 | 19 470 | ||
International | |||||||||
Papua New Guinea | 10 | 8 | 2 | 494 | 71 | 61 173(1) | 335 | ||
Total international | 10 | 8 | 2 | 494 | 71 | 61 173 | 335 | ||
Total continuing operations | 1 489 | 1 103 | 386 | 3 080 | 442 | 1 428 545 | 19 805 | ||
Discontinued operations | |||||||||
Mount Magnet | | | | 29 | | | | ||
Total discontinued operations | | | | 29 | | | | ||
Total operations | 1 489 | 1 103 | 386 | 3 109 | 442 | 1 428 545 | 19 805 | ||
Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39) | | | 2 032 | ||||||
1 489 | 1 103 | 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* t000 |
|||
Continuing operations | |||||||||
South Africa | |||||||||
Underground | |||||||||
Bambanani | 924 | 651 | 273 | 705 | 52 | 3 780 | 517 | ||
Doornkop | 343 | 281 | 62 | 2 544 | 395 | 1 311 | 549 | ||
Evander operations | 1 514 | 998 | 516 | 940 | 210 | 5 912 | 1 125 | ||
Joel | 503 | 366 | 137 | 240 | 56 | 2 043 | 513 | ||
Kusasalethu | 1 422 | 1 056 | 366 | 2 715 | 422 | 5 422 | 962 | ||
Masimong | 1 215 | 661 | 554 | 665 | 130 | 4 791 | 890 | ||
Phakisa | 171 | 107 | 64 | 3 658 | 461 | 691 | 185 | ||
Target | 688 | 536 | 152 | 2 218 | 342 | 2 713 | 644 | ||
Tshepong | 1 780 | 978 | 802 | 3 634 | 249 | 7 178 | 1 375 | ||
Virginia operations | 2 033 | 1 488 | 545 | 898 | 199 | 8 030 | 2 261 | ||
Surface | |||||||||
All other surface operations | 903 | 535 | 368 | 142 | 84 | 3 566 | 8 867 | ||
Total South Africa | 11 496 | 7 657 | 3 839 | 18 359 | 2 600 | 45 437 | 17 888 | ||
International | |||||||||
Papua New Guinea | | | | 3 540 | 1 782 | | | ||
Total international | | | | 3 540 | 1 782 | | | ||
Total continuing operations | 11 496 | 7 657 | 3 839 | 21 899 | 4 382 | 45 437 | 17 888 | ||
Discontinued operations | |||||||||
Cooke operations | 614 | 447 | 167 | | 87 | 2 500 | 1 287 | ||
Mount Magnet | | | | 259 | | | | ||
Total discontinued operations | 614 | 447 | 167 | 259 | 87 | 2 500 | 1 287 | ||
Total operations | 12 110 | 8 104 | 4 006 | 22 158 | 4 469 | 47 937 | 19 175 | ||
Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39) | (614) | (447) | 15 867 | ||||||
11 496 | 7 657 | 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* t000 |
|||
Continuing operations | |||||||||
South Africa | |||||||||
Underground | |||||||||
Bambanani | 103 | 72 | 31 | 91 | 6 | 121 530 | 570 | ||
Doornkop | 38 | 31 | 7 | 330 | 44 | 42 150 | 605 | ||
Evander operations | 168 | 111 | 57 | 122 | 24 | 190 075 | 1 241 | ||
Joel | 56 | 41 | 15 | 31 | 6 | 65 684 | 566 | ||
Kusasalethu | 158 | 117 | 41 | 352 | 47 | 174 321 | 1 061 | ||
Masimong | 135 | 73 | 62 | 86 | 14 | 154 034 | 981 | ||
Phakisa | 19 | 12 | 7 | 474 | 51 | 22 216 | 204 | ||
Target | 76 | 60 | 16 | 287 | 38 | 87 225 | 710 | ||
Tshepong | 198 | 109 | 89 | 471 | 28 | 230 778 | 1 516 | ||
Virginia operations | 226 | 165 | 61 | 116 | 22 | 258 170 | 2 493 | ||
Surface | |||||||||
All other surface operations | 100 | 59 | 41 | 18 | 9 | 114 648 | 9 778 | ||
Total South Africa | 1 277 | 850 | 427 | 2 378 | 289 | 1 460 831 | 19 725 | ||
International | |||||||||
Papua New Guinea | | | | 458 | 198 | | | ||
Total international | | | | 458 | 198 | | | ||
Total continuing operations | 1 277 | 850 | 427 | 2 836 | 487 | 1 460 831 | 19 725 | ||
Discontinued operations | |||||||||
Cooke operations | 69 | 50 | 19 | | 10 | 80 377 | 1 419 | ||
Mount Magnet | | | | 34 | | | | ||
Total discontinued operations | 69 | 50 | 19 | 34 | 10 | 80 377 | 1 419 | ||
Total operations | 1 346 | 900 | 446 | 2 870 | 497 | 1 541 208 | 21 144 | ||
Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 39) | (69) | (50) | 2 055 | ||||||
1 277 | 850 | 4 925 | |||||||
* | Production statistics are unaudited. |