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Economic performance

4 Reporting in line with GRI

Note: Significant increases from 2003 to 2004 are primarily as a result of the business combination between AngloGold and Ashanti.

Economic indicators
Core indicatorsAdditional indicators
Direct economic impacts
Customers
*EC1. Net sales 
Net sales (gold income) of:
2004: $2,396 million
2003: $2,029 million
 
EC2. Geographic breakdown of markets 
See graph on page EP4 
Suppliers
*EC3. Cost of all goods, materials, and services purchasedEC11. Breakdown of supplier by organisation and country
2004: $900 million*
2003: $760 million*
(*Cost of goods and services used to operate mines and produce refined metal, including market development costs, net of other income)
Information not available
EC4. Percentage contracts that were paid in accordance with agreed terms, excluding agreed penalty arrangements 
Information not available 
Employees
*EC5. Total payroll and benefits (including wages, pension, other benefits, and redundancy payments) broken down by country or region 
See table on page EP5 
Providers of capital
*EC6. Distribution of capital broken down by interest on debt and borrowings and dividends on all classes of shares, with any arrears of preferred dividends to be disclosed 
Distribution of capital in 2004 as follows:
Finance costs and unwinding of decommissioning obligation:
$87 million (2003: $53 million)
Dividends declared: $147 million (2003: $224 million)
See Report to Society 2004 for further details
 
*EC7. Increase/decrease in retained earnings at the end of period 
Retained income utilised in the group is $66 million compared with $88 million reinvested in the group in 2003 
Public sector
*EC8. Total sum of all taxes paid broken down by countryEC12. Total spent on non-core business infrastructure
Net $40 million taxation utilised in the group. $142 million distributed in 2003.Information not available
EC9. Subsidies received broken down by country or region 
Information not available 
EC10. Donations to community, civil society and other groups broken down in terms of cash and in-kind donations per type of group 
See the community section of this report 
Indirect economic impacts
 EC13. The organisation's indirect economic impacts.
 Quantitative information not available. See the community section of this report
   
Social performance indicators: product responsibility
Core indicatorsAdditional indicators
Customers' Health and Safety
PR1. Description of policy for preserving customer health and safety during use of products and services, and extent to which this policy is visibly stated and applied, as well as description of procedures/programmes to address this issue, including monitoring systems and results of monitoringPR4. Number and type of instances of non-compliance with regulations concerning customer health and safety, including the penalties and fines assessed for these breaches
Not applicableNot applicable
 PR5. Number of complaints upheld by regulatory or similar official bodies to oversee or regulate the health and safety of product services
 Not applicable
 PR6. Voluntary code compliance, product labels or awards with respect to social and/or environmental responsibility that the reporter is qualified to use or has received
 See environment and community section of this report
Product and services
PR2. Description of policy, procedures/management systems, and compliance mechanisms related to product information and labellingPR7. Number and type of instances of non-compliance with regulations concerning product information and labelling including any penalties or fines assessed for these breaches
Not applicableNot applicable
 PR8. Description of policy, procedures/management systems, and compliance mechanisms related to customer satisfaction, including results of surveys measuring customer satisfaction
 Not applicable

Report to Society 2004