| 2008 | 2009 | Figures in million | 2009 | 2008 |
|---|---|---|---|---|
| SA Rands | US Dollars | |||
| 1,677 | 3,095 | Revenue | 372 | 199 |
| (2,025) | (1,887) | Operating expenses | (229) | (244) |
| (348) | 1,208 | Gross profit (loss) | 143 | (45) |
| 30 | (12) | Operating special items (note 14) (1) | (1) | 3 |
| (26) | (7) | Finance costs | (1) | (3) |
| (344) | 1,189 | Profit (loss) before taxation | 141 | (45) |
| (444) | (403) | Taxation | (47) | (54) |
| (788) | 786 | Profit (loss) after taxation | 94 | (99) |
| (389) | (76) | Impairment (note 14) (2) | (10) | (39) |
| – | 75 | Reversal of impairment (note 14) (3) | 10 | – |
| (1,177) | 785 | (note 33) | 94 | (138) |
(1) Operating special items include profit on disposal of assets of $0.2m, R2m, and impairments of assets of $0.2m, R1m.
(2) In 2009, Amikan Holding Limited, AS APK Limited and Margaret Water Company investments were impaired. Impairments of $10m, R76m were recorded. No deferred tax was raised. In 2008, the Trans-Siberian Gold plc, Morila Limited, Amikan Holding Limited, AS APK Limited and the Margaret Water Company investments were impaired. The impairment tests considered the investment’s fair value and anticipated future cash flows. Impairments of $44m, R440m were recorded. Deferred taxation on impairments amounted to $5m, R51m.
(3) In 2009, the Trans-Siberian Gold plc impairment of $10m, R75m was reversed due to the increase in the listed share price.