Harmony Gold Mining Company Limited - Amended Headline Earnings and Amended
Release Date: 03/08/2001 17:52:42 Code(s): HAR Cashflow Statement (Resend)
Harmony Gold Mining Company Limited
Inclusion of Headline EPS calculated for the financial year ended
30 June 2001
To comply with the latest JSE Listing Requirements the company has
calculated and reported its headline earnings per share and an abridged
cashflow statement for the financial year ended 30 June 2001. For comparison
purposes the headline earnings per share for the previous financial year has
also been included. Previously the company only calculated and disclosed
earnings per share as per GARP.
2001 2000
Net profit 125,675 363,980
(Profit) / loss on sale of mining
assets (80,425) (40,000)
(Profit) / loss on sale of other
assets and listed investments 18,486 (15,700)
Impairment of mining assets 200,369 0
Taxation on exceptional items 6,389 11,697
Headline earnings 270,494 319,977
Weighted average number of shares
in issue 102,884,431 83,593,424
Earnings per share 122.2 435.4
Headline earnings per share 262.9 382.8
Amended Abridged cashflow for the year ended 30 June 2001
2001 2000
Cash flows from operations 192,457 289,200
Net cash utilised in investing
activities (1,642,917) (344,300)
Net cash generated by financing
activities 2,080,892 309,600
Net increase in cash and equivalents 630,432 254,500
Cash and cash equivalents 1 July 2000 528,100 273,600
Cash and cash equivalents 30 June 2001 1,158,532 528,100
The figures for the financial year ended 30 June 2001 has been reviewed by
Harmony's auditors, PriceWaterhouseCoopers, and the review opinion is
available for inspection at the company's registered address.
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