Annual financial statements statement 2015
Supplement to the integrated annual report 30 June 2015
MENU

GROUP FINANCIALS STATEMENTS

MENU Notes to the consolidated financial statements — for the year ended 30 June 2015

  1. Accounting policies
  2. Segment information
  3. Property, plant and equipment
  4. Exploration and evaluation assets
  5. Investment in equity-accounted entities
  6. Deferred tax
  7. Other financial assets
  8. Derivative financial instrument
  9. Prepayments
  10. Inventories
  11. Trade and other receivables
  12. Cash and cash equivalents
  13. Share capital
  14. Non-controlling interest
  15. Borrowings
  16. Other financial liabilities
  17. Sundry liabilities
  18. Provisions
  19. Trade and other payables
  20. Financial instruments and financial risk management
  21. Current tax
  22. Revenue
  23. Cost of sales
  24. Other operating income
  25. Other operating expenses
  26. Impairment
  27. Royalty (income)/expense
  28. Finance income
  29. Finance cost
  30. Other income
  31. Other expenses
  32. Income tax expense
  33. Earnings per share
  34. Dividends
  35. Cash generated from operations
  36. Contingent liabilities and guarantees
  37. Related-party transactions

23.  

Cost of sales  
    2015   2014  
    Rm   Rm  
  On-mine operations   13 656   9 090  
  Wages and salaries   8 826   6 085  
  Materials and consumables   4 620   3 323  
  Utilities   965   819  
  Minus: Post-strike ramp-up cost/Strike-related cost (note 25)  (755)  (1 137) 
  Processing operations   3 517   2 733  
  Wages and salaries   714   562  
  Materials and consumables   1 752   1 333  
  Utilities   1 104   956  
  Minus: Post-strike ramp-up cost/Strike-related cost (note 25)  (53)  (118) 
  Refining operations   1 032   880  
  Wages and salaries   448   406  
  Materials and consumables   455   354  
  Utilities   129   120  
  Other costs   869   655  
  Corporate costs, salaries and wages   674   483  
  Selling and promotional expenses   195   172  
  Share-based compensation   (190)  231  
  Chrome operation – cost of sales   113   117  
  Depreciation of operating assets (notes 3 and 35)  2 593   2 341  
  Metals purchased   10 068   8 601  
  Change in metal inventories   (809)  1 138  
    30 849   25 786  
 

The following disclosure items are included in cost of sales:  

    
  Repairs and maintenance expenditure on property, plant and equipment   1 686   1 259  
  Operating lease rentals   25   23  
 

Employment benefit expense comprises:  

    
  Wages and salaries   9 538   6 739  
  Post-employment medical benefits (note 17.1)  —   3  
  Pension costs defined contribution plans   876   608  
  Share-based compensation   (190)  231  
  – Cash-settled (note 17.2)  (301)  109  
  – Equity-settled (note 13.1)  111   122  
    10 224   7 581  
  Key management compensation is disclosed in note 37.