Dollar Imperial
			2001	2000	1999	1998
Underground operations
Area mined	- ft2	- 000	32,757	41,985	41,764	46,026
Tons milled	- 000	- reef	19,764	23,287	23,209	24,422
		- waste	28	184	715	265
		- total	19,792	23,471	23,924	24,687
Yield	- oz/t	- reef	0.240	0.234	0.242	0.238
		- waste	-	0.016	0.024	0.026
		- average	0.239	0.232	0.236	0.236
Gold produced	- oz 000	- reef	4,734	5,448	5,626	5,814
		- waste	-	3	17	7
		- total	4,734	5,451	5,643	5,821
Productivity
oz/employee		- target	7.05	6.71	7.14	5.59
		- actual	6.87	6.21	6.75	5.92
Surface and dump reclamation
Tons treated	- 000		55,506	55,436	59,915	63,395
Yield	- oz/t		0.009	0.009	0.009	0.009
Gold produced	- oz 000		514	510	520	547
Open-pit operations
Tons mined	- 000		94,567	54,146	52,779	8,297
Stripping ratio	- t (mined-treated)/t treated		2.17	1.08	2.51	1.63
Tons treated	- 000		29,808	26,016	15,024	3,156
Yield	- oz/t		0.058	0.049	0.050	0.074
Gold produced	- oz 000		1,735	1,282	755	234
Total
Gold produced	- oz 000		6,983	7,243	6,918	6,602
Revenue	- $/oz sold		286	308	315	333
Total cash costs	- $/oz produced		178	213	213	225
Total production costs	- $/oz produced		213	245	244	259
Rand/US dollar average exchange rate			8.62	6.78	6.11	5.53
Financial results
Dollar million
Operating profit			522	468	505	469
Net profit			245	166	434	318
EBITDA			673	611	616	438
Headline earnings			281	254	325	277
Headline earnings before unrealised hedging activities			286	254	325	277
Capital expenditure			298	304	220	174
Financial ratios
Capital employed		- $m	2,359	2,924	2,861	1,895
Return on capital		- %	14	11	18	15
Equity		- $m	1,559	2,006	2,576	2,058
Return on equity		- %	16	11	16	13
Debt		- $m	987	1,156	828	814
Cash		- $m	191	195	493	254
Net debt (cash)		- $m	796	961	335	(70)
Net debt (cash) to capital employed		- %	34	33	12	(4)
Interest cover		- times	9	9	12	23
Operating margin		- %	26	21	23	21
Glossary of terms on page 123.
Financial review: Group operating results
Rand Metric
			2001	2000	1999	1998
Underground operations
Area mined	- m2	- 000	3,043	3,900	3,880	4,275
Tonnes milled	- 000	- reef	17,929	21,126	21,055	22,155
		- waste	25	167	649	241
		- total	17,954	21,293	21,704	22,396
Yield	- g/t	- reef	8.21	8.02	8.31	8,16
		- waste	0.08	0.54	0.81	0.88
		- average	8.20	7.96	8.09	8.08
Gold produced	- kg	- reef	147,248	169,468	174,994	180,831
		- waste	2	91	527	212
		- total	147,250	169,559	175,521	181,043
Productivity
g/employee		- target	219	209	222	174
		- actual	214	193	210	184
m2/employee		- target	4.69	4.62	4.62	4.31
		- actual	4.42	4.45	4.21	4.07
Surface and dump reclamation
Tonnes treated	- 000		50,355	50,289	54,354	57,511
Yield	- g/t		0.32	0.32	0.30	0.30
Gold produced	- kg		15,976	15,870	16,165	17,025
Open-pit operations
Tonnes mined	- 000		85,790	49,121	47,880	7,525
Stripping ratio	- t (mined-treated)/t treated		2.17	1.08	2.51	1.63
Tonnes treated	- 000		27,042	23,601	13,630	2,863
Yield	- g/t		2.00	1.69	1.72	2.54
Gold produced	- kg		53,977	39,866	23,480	7,281
Total
Gold produced	- kg		217,203	225,295	215,166	205,349
Revenue	- R/kg sold		79,384	67,158	61,830	58,830
Total cash costs	- R/kg produced		48,828	46,404	41,979	39,944
Total production costs	- R/kg produced		58,579	53,334	47,842	46,060
Financial results
Rand million
Operating profit			4,617	3,273	3,088	2,609
Net profit			2,180	1,116	2,654	1,711
EBITDA			5,905	4,262	3,761	2,378
Headline earnings			2,476	1,773	1,986	1,534
Headline earnings before unrealised hedging activities			2,536	1,773	1,986	1,534
Capital expenditure			2,567	2,063	1,345	959
Financial ratios
Capital employed		- Rm	28,213	22,151	17,607	11,142
Return on capital		- %	13	13	18	16
Equity		- Rm	18,642	15,191	15,852	12,101
Return on equity		- %	15	13	16	13
Debt		- Rm	11,811	8,762	5,098	1,081
Cash		- Rm	2,284	1,477	3,031	1,492
Net debt (cash)		- Rm	9,527	7,285	2,067	(411)
Net debt (cash) to capital employed		- %	34	33	12	(4)
Interest cover		- times	10	9	12	23
Operating margin		- %	26	21	23	21
Glossary of terms on page 123.