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DURBAN ROODEPOORT DEEP, LIMITED
(Incorporated in the Republic of South Africa)
Registration No. 1895/000926/06
ARBN 086 277616
JSE trading symbol : DUR
ISIN Code : ZAE 000015079
NASDAQ trading symbol : DROOY
ABRIDGED GROUP RESULTS FOR QUARTER ENDED 30 SEPTEMBER 2001.
GROUP HIGHLIGHTS:
Quarter Quarter
September 2001 June 2001
Gold Production : 8 147 kg 8 102 kg
261 932 oz 260 483 oz
Cash operating costs : R 61 027/kg R 58 913/kg
US$ 227/oz US$ 228/oz
Cash operating profit : R81.3 million R 63.0 million
US$ 9.6 million US$ 7.8 million
Headline earnings : R 23.1 million R5.4 million
US$ 2.7 million US$ 0.7 million
Incorporating the results of all Durban Roodepoort Deep subsidiaries,
including Blyvooruitzicht Gold Mining Company Limited, Buffelsfontein Gold
Mines Limited, West Witwatersrand Gold Holdings Limited, Crown Consolidated
Gold Recoveries Limited, Hartebeestfontein Gold Mines (a division of
Buffelsfontein Gold Mines Limited), DRD Australasia and Dome Resources NL.
GROUP OPERATING RESULTS Quarter Quarter
(Unaudited) 30/09/01 30/06/01
Ore milled - t'000 6 239 6 264
Yield - g/tonne 1.31 1.29
Gold produced - kg 8 147 8 102
Cash cost - R/kg 61 027 58 913
FINANCIAL RESULTS (R Million)
Gold revenue 578.5 540.4
Cash operating costs 497.2 477.4
Cash operating profit 81.3 63.0
Other expenses 9.2 25.7
Business development 0.9 0.6
Care and maintenance costs 3.6 0.9
GROUP OPERATING RESULTS Quarter Quarter
(Unaudited) 30/09/01 30/06/01
Cash profit from operations 67.6 35.8
Retrenchment costs 2.3 9.6
Hedge restructuring costs 1.0 10.4
Interest expense 9.2 14.2
Net cash operating profit 55.1 1.6
Non-cash items 21.9 3.4
Rehabilitation 2.8 (0.7)
Depreciation 28.1 39.1
Work in progress (2.1) 2.8
Gain on financial instruments (6.9) (37.8)
Profit/(loss) before taxation 33.2 (1.8)
Taxation 0.1 (7.2)
Deferred taxation 10.0 -
Profit after taxation 23.1 5.4
Exceptional items - 112.6
Net profit/(loss) 23.1 (107.2)
Headline earnings per share - cents 15 4
Basic earnings/(loss) per share -
cents 15 (71)
Calculated on the weighted
average ordinary shares
issued of 154 809 059 150 292 594
Capital expenditure - net outflow 12.0 1.7
Net cash generated/(absorbed) 43.1 (0.1)
ABRIDGED BALANCE SHEET Quarter Quarter
(R Million)-(Unaudited) 30/09/01 30/06/01
Employment of Capital
Mining assets after depreciation 826.8 842.9
Cash and equivalents 134.8 113.8
Other non-current assets 134.1 132.0
Current assets 268.5 299.9
1 364.2 1 388.6
ABRIDGED BALANCE SHEET Quarter Quarter
R Million (Unaudited) 30/09/01 30/06/01
Capital Employed
Shareholders' equity 464.5 439.4
Borrowings 49.1 58.5
Rehabilitation 189.3 186.5
Deferred taxation 24.6 14.6
Other non-current liabilities 213.4 157.0
Current liabilities 423.3 532.6
1 364.2 1 388.6
ABRIDGED CASH FLOW STATEMENT Quarter Quarter
R Million (Unaudited) 30/09/01 30/06/01
-------- --------
Cash flow from operating activities 37.9 9.7
Cash flow from investing activities (12.0) (11.1)
Cash flow from financing activities (5.9) 11.0
Translation adjustment 1.0 0.6
Increase in cash and equivalents 21.0 10.2
Opening cash and equivalents 113.8 103.6
Closing cash and equivalents 134.8 113.8
For and on behalf of the board
MARK WELLESLEY-WOOD
Chairman and Chief Executive Officer 18 October 2001
Directors : MM Wellesley-Wood (Chairman and Chief Executive Officer)* ; RAR
Kebble (Deputy Chairman) ; IL Murray (Chief Financial Officer); VO Hoops ;
F. Weideman ; G Fischer ; N Goodwin ; RP Hume ; F Lips ; LG Njenje
(*British) (**Swiss)
For further information, contact Maryna Eloff (Group Company Secretary) at :
Tel (+27-11) 482 4968 ;
Fax : (+27-11) 482-4641
E-mail : eloffm@drd.co.za , Web site : http:/www.durbans.com
45 Empire Road, Parktown, PO Box 390, Maraisburg, 1700, South Africa.
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