GROUP FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – for the year ended 30 June 2014

    2014   
Millions  
2013  
Millions  

34.  

Cash generated from operations  

   
  Profit before tax   15   2 460  
  Adjustment for:      
  Exploration costs (note 30 20   47  
  Depreciation (notes 5 and 25 2 341   2 314  
  Finance income (note 28 (318)  (222) 
  Finance cost (note 29 496   446  
  Share of associates’ results   (365)  (233) 
  Retirement benefit obligations   (4)  (6) 
  Share-based compensation   228   (114) 
  Provision for employee retention scheme   21   36  
  Provision for community development   (100)  (27) 
  Rehabilitation provision   (52)  (38) 
  Amortisation of prepaid royalty (notes 14 (i) and 27 112   199  
  Foreign currency adjustment   143   182  
  Profit on disposal of property, plant and equipment   (76)  (86) 
  Impairments   1 071   2 280  
  Scrapping of assets   223   –  
  Bad debt provision   (19)  (7) 
  Prepayments utilised   101   197  
  Fair value adjustment on derivative financial instruments   (165)  (196) 
  Tax penalties and interest   25   124  
  Deferred profit on housing scheme   –   3  
  Insurance claim   (112)  –  
    3 585   7 359  
  Cash movements in working capital:      
  Decrease in trade and other receivables   395   1 059  
  Decrease/(increase) in inventories   1 260   (1 206) 
  Decrease in trade and other payables   (6)  (417) 
  Cash generated from operations   5 234   6 795