Go Back Email this Link to a friend


HARMONY GOLD MINING COMPANY LIMITED - NOTICE OF FINAL DIVIDEND

Release Date: 02/08/2004 08:00:00      Code(s): HAR
HARMONY GOLD MINING COMPANY LIMITED - NOTICE OF FINAL DIVIDEND                  
HARMONY GOLD MINING COMPANY LIMITED                                             
Registration number 1950/038232/06                                              
Incorporated in the Republic of South Africa                                    
ISIN: ZAE000015228                                                              
JSE Securities Exchange South Africa HAR                                        
New York Stock Exchange, Inc.        HMY                                        
London Stock Exchange plc            HRM                                        
Euronext Paris                       HG                                         
Euronext Brussels                    HMY                                        
Berlin Stock Exchange                HAM1                                       
NOTICE OF FINAL DIVIDEND                                                        
A dividend No. 79 of 30 cents per ordinary share being the final dividend for   
the financial year ending 30 June 2004, has been declared payable on            
6 September 2004 to those shareholders recorded in register in the books of the 
company at the close of business on 3 September 2004.                           
The dividend is declared in the currency of the Republic of South Africa.       
Dividend cheques will be posted and electronic funds transferred on or about    
6 September 2004.                                                               
Any change in address or dividend instruction to apply to this dividend must be 
received by the company"s transfer secretaries or registrar not later than      
27 August 2004.                                                                 
This announcement will be mailed to all registered holders on or about 9 August 
2004.                                                                           
SALIENT DATES                                                                   
Last day to trade ordinary shares cum dividend                       27 August  
Ordinary shares trade ex dividend from                               30 August  
Record date                                                        3 September  
Payment due                                                        6 September  
Share certificates may not be dematerialised or rematerialised between Monday,  
30 August 2004 and Friday,3 September 2004, both days inclusive.                
By order of the Board                                                           
M P van der Walt                                                                
Company Secretary                                                               
Virginia                                                                        
2 August 2004                                                                   
OPERATING AND FINANCIAL RESULTS (Rand/metric)                                   
                                    Underground production - South Africa       
                                   FS           FS                    Rand-     
Growth     Marginal      Evander     fontein     
Ore milled - t"000 Jun-04       1 341        1 132          478         615     
                   Mar-04       1 091          989          482         623     
Gold produced - kg Jun-04       8 148        4 460        2 959       2 797     
Mar-04       6 780        4 065        2 448       2 828     
Yield - g/tonne    Jun-04        6,08         3,94         6,19        4,55     
                   Mar-04        6,21         4,11         5,08        4,54     
Cash operating     Jun-04      73 194       95 393       80 859      78 156     
costs - R/kg       Mar-04      71 029       92 668       89 919      82 825     
Cash operating     Jun-04         445          376          501         355     
costs - R/tonne    Mar-04         441          381          457         376     
Working revenue    Jun-04     663 484      361 238      239 843     222 388     
(R"000)            Mar-04     599 082      359 090      215 705     247 220     
Cash operating     Jun-04     596 387      425 452      239 263     218 602     
costs (R"000)      Mar-04     481 579      376 694      220 122     234 229     
Cash operating     Jun-04      67 097     (64 213)          580       3 786     
profit (R"000)     Mar-04     117 503     (17 604)      (4 416)      12 990     
                            Underground production - South Africa               
                              Elands-      Orkney/         Sub-                 
                                 rand       Welkom        total                 
Ore milled - t"000 Jun-04         268          236        4 070                 
                   Mar-04         317          266        3 768                 
Gold produced - kg Jun-04       1 867        1 264       21 495                 
                   Mar-04       1 938        1 612       19 671                 
Yield - g/tonne    Jun-04        6,97         5,36         5,28                 
                   Mar-04        6,11         6,06         5,22                 
Cash operating     Jun-04      96 103       82 460       82 036                 
costs - R/kg       Mar-04      86 706       69 708       80 984                 
Cash operating     Jun-04         669          442          433                 
costs - R/tonne    Mar-04         530          422          423                 
Working revenue    Jun-04     154 083      104 431    1 745 467                 
(R"000)            Mar-04     169 987      143 904    1 734 988                 
Cash operating     Jun-04     179 423      104 229    1 763 356                 
costs (R"000)      Mar-04     168 037      112 369    1 593 030                 
Cash operating     Jun-04    (25 341)          202     (17 889)                 
profit (R"000)     Mar-04       1 950       31 535      141 959                 
* The restructured shafts consist of the Deelkraal operations, Eland shaft      
(part of Freegold operations), Orkney 3 and 6 shafts and Welkom 1 shaft.        
OPERATING AND FINANCIAL RESULTS (Rand/metric)                                   
                                               Surface production -             
South Africa                 
                                           Free         Rand-          Sub-     
                                          State       fontein         total     
Ore milled - t"000         Jun-04         1 549           569         2 118     
Mar-04         1 741           557         2 298     
Gold produced - kg         Jun-04           678           159           837     
                           Mar-04           795           150           945     
Yield - g/tonne            Jun-04          0,44          0,28          0,40     
Mar-04          0,46          0,27          0,41     
Cash operating             Jun-04        90 449        77 748        88 037     
costs R/kg                 Mar-04        76 825        82 847        77 781     
Cash operating             Jun-04            40            22            35     
costs - R/tonne            Mar-04            35            22            32     
Working revenue            Jun-04        55 966        12 964        68 930     
(R"000)                    Mar-04        70 633        13 113        83 746     
Cash operating             Jun-04        61 325        12 362        73 687     
costs (R"000)              Mar-04        61 076        12 427        73 503     
Cash operating             Jun-04       (5 359)           602       (4 757)     
profit (R"000)             Mar-04         9 557           686        10 243     
                                                        South          Aus-     
Opencast        Africa        tralia     
                                        Kalgold         Total         Total     
Ore milled - t"000         Jun-04           379         6 567         1 137     
                           Mar-04           315         6 381         1 061     
Gold produced - kg         Jun-04           664        22 996         2 216     
                           Mar-04           488        21 104         2 295     
Yield - g/tonne            Jun-04          1,75          3,50          1,95     
                           Mar-04          1,55          3,31          2,17     
Cash operating             Jun-04        75 693        82 071        68 948     
costs R/kg                 Mar-04        95 777        81 182        77 280     
Cash operating             Jun-04           133           287           134     
costs - R/tonne            Mar-04           148           268           167     
Working revenue            Jun-04        52 762     1 867 159       187 700     
(R"000)                    Mar-04        42 835     1 861 569       203 879     
Cash operating             Jun-04        50 260     1 887 303       152 790     
costs (R"000)              Mar-04        46 739     1 713 272       177 387     
Cash operating             Jun-04         2 502      (20 144)        34 910     
profit (R"000)             Mar-04       (3 904)       148 298        26 491     
                                        Harmony                                 
                                      including             *       Harmony     
Restruct      Restruct         Total     
Ore milled - t"000         Jun-04                         268                   
                           Mar-04                         329                   
Gold produced - kg         Jun-04        25 212         1 161        26 373     
Mar-04        23 399         1 336        24 735     
Yield - g/tonne            Jun-04                        4,33                   
                           Mar-04                        4,06                   
Cash operating             Jun-04        80 918       132 146        83 173     
costs R/kg                 Mar-04        80 801       118 760        82 851     
Cash operating             Jun-04           265           572           275     
costs - R/tonne            Mar-04           254           482           264     
Working revenue            Jun-04     2 054 859        95 677     2 150 536     
(R"000)                    Mar-04     2 065 448       118 071     2 183 519     
Cash operating             Jun-04     2 040 093       153 421     2 193 514     
costs (R"000)              Mar-04     1 890 659       158 664     2 049 323     
Cash operating             Jun-04        14 766      (57 744)      (42 978)     
profit (R"000)             Mar-04       174 789      (40 592)       134 197     
* The restructured shafts consist of the Deelkraal operations, Eland shaft      
(part of Freegold operations), Orkney 3 and 6 shafts and Welkom 1 shaft.        
TOTAL OPERATIONS - QUARTERLY FINANCIAL RESULTS (Rand/metric) (unaudited)        
Quarter ended      Quarter ended      Quarter ended     
                              30 June           31 March            30 June     
                                 2004               2004          2003          
Ore milled - t"000              7 972              7 770              7 228     
Gold produced - kg             26 373             24 735             21 992     
Gold price received -                                                           
R/kg                           81 543             88 277             83 770     
Cash operating costs -                                                          
R/kg                           83 173             82 852             75 433     
                            R million          R million          R million     
Gold sales                      2 151              2 183              1 842     
Cash operating costs            2 194              2 049              1 659     
Cash operating                                                                  
(loss)/profit                     (43)               134                183     
Other income - net                 40                 62                 61     
Employment termination                                                          
and restructuring                                                               
costs                            (184)               (14)               (11)    
Corporate, marketing,                                                           
new business                                                                    
expenditure                       (32)               (34)               (38)    
Exploration expenditure           (21)               (14)               (24)    
Income from associates             46                 33                 33     
Loss on dilution of                                                             
ARM Limited                      (124)                 -                  -     
Interest paid                     (99)               (97)               (86)    
Depreciation and amor-                                                          
tisation                         (280)              (251)              (140)    
Reversal/(provision)                                                            
for rehabilitation                                                              
costs                              58                (12)                30     
(Loss)/gain on                                                                  
financial instruments            (110)                48                220     
Profit/(loss) on                                                                
foreign exchange                   14                (11)              (133)    
Impairment of                                                                   
investments and assets            (75)                 -               (598)    
Loss before tax                  (810)              (156)              (503)    
Current tax -                                                                   
benefit/(expense)                  30                 11                (28)    
Deferred tax - benefit            203                 67                 53     
Net loss before                                                                 
minority interests               (577)               (78)              (478)    
Minority interests                 18                 (3)                 -     
Net loss                         (559)               (81)              (478)    
TOTAL OPERATIONS - QUARTERLY FINANCIAL RESULTS                                  
(Rand/metric) (unaudited) (continued)                                           
                        Quarter ended      Quarter ended      Quarter ended     
30 June           31 March            30 June     
                                 2004               2004               2003     
                            R million          R million          R million     
(Loss)/earnings per                                                             
share - cents *                                                                 
- Basic loss                    (191)               (31)              (259)     
- Basic                                                                         
(loss)/earnings before                                                          
impairment                      (165)               (31)                 65     
- Headline                                                                      
(loss)/earnings                 (131)               (16)                 44     
- Fully diluted loss **         (191)               (31)              (259)     
Dividends per share -                                                           
(cents)                                                                         
- Interim                           -                 40                  -     
- Proposed final                   30                  -                150     
Prepared in accordance with Inter national Financial Reporting Standards.       
 * Calculated on weighted number of shares in issue at quarter end              
   June 2004: 292.9 million (March 2004: 258.4 million) (June 2003:             
   184.3 million).                                                              
** Calculated on weighted average number of diluted shares in issue at          
   quarter end June 2004: 293.2 million (March 2004: 257.0 million)             
   (June 2003: 184.3 million).                                                  
Reconciliation of headline (loss)/earnings:                                     
Net loss                         (559)               (81)              (478)    
Adjustments:                                                                    
- Profit on sale of assets        (44)                (2)               (38)    
- Profit on disposal of Kalplats  (39)                 -                  -     
- Profit on disposal of Bissett    (1)                 -                  -     
- Loss on dilution of ARM Limited 163                  -                  -     
- Amortisation of goodwill         21                 42                  -     
- Impairment of mining assets       -                  -                598     
- Impairment of Bendigo            75                  -                  -     
Headline (loss)/earnings         (384)               (41)                82     
TOTAL OPERATIONS - ANNUAL FINANCIAL RESULTS (Rand/metric)                       
                            Year ended     Year ended            Year ended     
30 June        30 June               30 June     
                                  2004           2003                  2004     
                                                                  Pro forma     
                                                          including ARMgold     
in September     
                                                              2003 Quarter      
Ore milled - t"000              30 781         28 238                32 519     
Gold produced - kg             103 127         93 054               110 547     
Gold price received - R/kg      85 219         96 663                85 317     
Cash operating costs - R/kg     79 599         71 146                79 029     
                             R million      R million             R million     
                            (reviewed)      (audited)           (unaudited)     
Gold sales                       8 788          8 995                 9 432     
Cash operating costs             8 208          6 621                 8 736     
Cash operating profit              580          2 374                   695     
Other income - net                 231            287                   283     
Employment termination and                                                      
restructuring costs              (230)           (47)                 (238)     
Corporate, marketing, new                                                       
business expenditure             (160)          (144)                 (172)     
Exploration expenditure           (83)           (75)                  (83)     
Income from associates              54             57                    50     
Profit/(loss) on sale and                                                       
dilution of listed                                                              
investments                        398           (54)                   398     
Interest paid                    (389)          (321)                 (418)     
Depreciation and amor-                                                          
tisation                         (919)          (582)                 (943)     
Reversal/(provision) for                                                        
rehabilitation costs                18            (5)                    11     
(Loss)/gain on financial                                                        
instruments                      (223)            440                 (223)     
Loss on listed investments           -            (9)                     -     
Loss on foreign exchange           (2)          (192)                   (2)     
Impairment of investments                                                       
and assets                        (88)          (812)                  (88)     
(Loss)/income before tax         (813)            917                 (729)     
Current tax - expense             (60)          (294)                  (78)     
Deferred tax - benefit             354             20                   345     
Net (loss)/income before                                                        
minority interests               (519)            643                 (461)     
Minority interests                 (4)            (4)                   (4)     
Net (loss)/income                (523)            639                 (466)     
TOTAL OPERATIONS - ANNUAL FINANCIAL RESULTS (Rand/metric) (continued)           
Year ended     Year ended            Year ended     
                               30 June        30 June               30 June     
                                  2004           2003                  2004     
                                                                  Pro forma     
including ARMgold     
                                                               in September     
                                                              2003 Quarter      
                             R million      R million             R million     
(reviewed)      (audited)           (unaudited)     
(Loss)/earnings per share -                                                     
cents *                                                                         
- Basic (loss)/earnings          (206)            359                 (193)     
- Basic (loss)/earnings                                                         
before impairment                (172)            815                 (157)     
- Headline (loss)/earnings       (287)            781                 (319)     
- Fully diluted                                                                 
(loss)/earnings **               (205)            359                 (192)     
Dividends per share -                                                           
(cents)                                                                         
- Interim                           40            125                    40     
- Proposed final                    30            150                    30     
Prepared in accordance with Inter national Financial Reporting Standards.       
 * Calculated on weighted number of shares in issue at year ended               
 June 2004: 253.6 million (June 2003: 178.0 million).                           
** Calculated on weighted average number of diluted shares                      
   in issue year ended June 2004: 254.9 million (June 2003:                     
   178.3 million).                                                              
Reconciliation of headline                                                      
(loss)/earnings:                                                               
Net (loss)/earnings               (523)            639                 (466)    
Adjustments:                                                                    
- Profit on sale of assets         (58)            (61)                 (60)    
- Profit on disposal of                                                         
 Highland and High                                                              
 River-net of tax                 (464)              -                 (464)    
- Profit on disposal of Kalplats   (39)              -                  (39)    
- Profit on disposal of Bissett     (1)              -                   (1)    
- Loss on dilution of ARM Limited  163               -                  163     
- Amortisation of goodwill         105               -                  105     
- Impairment of mining assets        -             598                    -     
- Impairment of Bendigo and                                                     
  other investments                 88               -                   88     
Headline (loss)/earnings          (729)          1 176                 (673)    
ABRIDGED BALANCE SHEET AT 30 JUNE 2004  (Rand)                                  
At 30 June 2004     At 31 March 2004     At 30 June 2003     
                         R million            R million           R million     
                        (reviewed)          (unaudited)           (audited)     
ASSETS                                                                          
Non-current assets                                                              
Property, plant                                                                 
and equipment               22 244               14 821               9 969     
Investments                  2 612                1 130                 868     
Investments in                                                                  
associates                     124                2 604               1 398     
Intangible assets            2 267                2 761                   -     
                            27 247               21 316              12 235     
Current assets                                                                  
Inventories                    531                  455                 454     
Receivables                    860                  452                 771     
Cash and cash                                                                   
equivalents                  1 413                2 337               1 687     
                             2 804                3 244               2 912     
Total assets                30 051               24 560              15 147     
EQUITY AND                                                                      
LIABILITIES                                                                     
Share capital and                                                               
reserves                                                                        
Issued capital              21 166               14 678               6 874     
Fair value and                                                                  
other reserves             (1 462)                (376)               (242)     
Retained earnings            1 078                1 636               1 996     
                            20 782               15 938               8 628     
Minority interest                -                  147                 120     
Non-current                                                                     
liabilities                                                                     
Long-term                                                                       
borrowings*                  2 846                2 795               2 415     
Net deferred                                                                    
taxation                                                                        
liabilities                  2 660                2 706               1 534     
Net deferred                                                                    
financial                                                                       
liabilities                    570                  299                 283     
Long-term                                                                       
provisions                     798                  852                 633     
                             6 874                6 652               4 865     
Current liabilities          2 395                1 823               1 534     
Total equity and                                                                
liabilities                 30 051               24 560              15 147     
Number of ordinary                                                              
shares in issue        320 741 577          258 469 684         184 854 115     
Net asset value                                                                 
per share (cents)            6,479                6,223               4,732     
Basis of accounting                                                             
The unaudited results for the quarter and the year have been prepared on the    
International Financial Reporting Standards ("IFRS") basis. These consolidated  
statements are prepared in accordance with IFRS 34, Interim Financial Repor-    
ting. The accounting policies are consistent with those applied in the previous 
financial year.                                                                 
Audit review                                                                    
The year end results have been reviewed in terms of Rule 3.23 of the Listing    
Requirements of the JSE Securities Exchange South Africa by the company"s       
auditors, PricewaterhouseCoopers Inc. The unqualified review opinion is         
available on request from the Company Secretary.                                
* The issue of the convertible bonds was offset by the payment of outstanding   
long-term loans.                                                                
CONDENSED STATEMENT OF CHANGES IN EQUITY                                        
FOR THE 12 MONTHS ENDED 30 JUNE 2004                                            
Issued     Fair value     
                                                       share      and other     
                                                     capital       reserves     
                                                   R million      R million     
(Reviewed)                                                                      
Balance as 1 July 2003                                 6 874          (242)     
Issue of share capital                                14 292              -     
Currency translation adjustment and other                  -        (1 220)     
Net earnings                                               -              -     
Dividends paid                                             -              -     
Balance at 30 June 2004                               21 166        (1 462)     
(Audited)                                                                       
Balance at 1 July 2002                                 5 547             88     
Issue of share capital                                 1 327              -     
Currency translation adjustment and other                  -          (330)     
Net earnings                                               -              -     
Dividends paid                                             -              -     
Balance at 30 June 2003                                6 874          (242)     
                                                     Retained                   
                                                     earnings         Total     
R million     R million     
(Reviewed)                                                                      
Balance as 1 July 2003                                  1 996         8 628     
Issue of share capital                                      -        14 292     
Currency translation adjustment and other                   -       (1 220)     
Net earnings                                            (523)         (524)     
Dividends paid                                          (395)         (395)     
Balance at 30 June 2004                                 1 078        20 782     
(Audited)                                                                       
Balance at 1 July 2002                                  2 328         7 963     
Issue of share capital                                      -         1 327     
Currency translation adjustment and other                   -         (330)     
Net earnings                                              639           639     
Dividends paid                                          (971)         (971)     
Balance at 30 June 2003                                 1 996         8 628     
                                                     Issued      Fair value     
share       and other     
                                                    capital       reserves      
                                                US$ million     US$ million     
(Unaudited)                                                                     
Balance at 1 July 2003                                1 104            (39)     
Issue of share capital                                2 295               -     
Currency translation adjustment and other                 -           (196)     
Net earnings                                              -               -     
Dividends paid                                            -               -     
Balance at 30 June 2004                               3 399           (235)     
(Unaudited)                                                                     
Balance at 1 July 2002                                  739              12     
Issue of share capital                                  176               -     
Currency translation adjustment and other                 -            (44)     
Net earnings                                              -               -     
Dividends paid                                            -               -     
Balance at 30 June 2003                                 915            (32)     
                                                   Retained                     
                                                   earnings           Total     
                                                US$ million     US$ million     
(Unaudited)                                                                     
Balance at 1 July 2003                                  321           1 386     
Issue of share capital                                    -           2 295     
Currency translation adjustment and other                 -           (196)     
Net earnings                                           (85)            (85)     
Dividends paid                                         (63)            (63)     
Balance at 30 June 2004                                 173           3 337     
(Unaudited)                                                                     
Balance at 1 July 2002                                  310           1 061     
Issue of share capital                                    -             176     
Currency translation adjustment and other                 -            (44)     
Net earnings                                             85              85     
Dividends paid                                        (129)           (129)     
Balance at 30 June 2003                                 266           1 149     
Balances translated at closing rates of: June 2004: US$1 = R6.23 (June 2003:    
R7.51).                                                                         
SUMMARISED CASH FLOW STATEMENT                                                  
FOR THE THREE MONTHS ENDED 30 JUNE 2004                                         
                                                      Three           Three     
                                                     months          months     
ended           ended     
                                                   31 March         30 June     
                                                       2004            2004     
                                                US$ million     US$ million     
(unaudited)     (unaudited)     
Cash flow from operating activities                    (10)            (82)     
Cash flow from investing activities                                             
Cash held by subsidiaries at acquisition                  -               -     
Net proceeds on disposal of listed investments                            2     
Net additions to property, plant and equipment         (33)            (10)     
Other investing activities                                -            (87)     
Cash utilised by investing activities                  (33)            (95)     
Cash flow from financing activities                                             
Long-term loans - net                                  (13)              72     
Ordinary shares issued - net of expenses                  1            (11)     
Dividends paid                                         (15)               -     
Cash generated/(utilised) by financing                                          
activities                                             (27)              61     
Foreign currency translation adjustments                  9            (27)     
Net decrease in cash and equivalents                   (61)           (143)     
Cash and equivalents - beginning of quarter             431             370     
Cash and equivalents - end of quarter                   370             227     
                                                      Three           Three     
                                                     months          months     
ended           ended     
                                                    30 June        31 March     
                                                       2004            2004     
                                                  R million       R million     
(unaudited)     (unaudited)     
Cash flow from operating activities                   (564)            (68)     
Cash flow from investing activities                                             
Cash held by subsidiaries at acquisition                  1               -     
Net proceeds on disposal of listed investments           14               -     
Net additions to property, plant and equipment         (71)           (228)     
Other investing activities                            (600)               -     
Cash utilised by investing activities                 (656)           (228)     
Cash flow from financing activities                                             
Long-term loans - net                                   498            (92)     
Ordinary shares issued - net of expenses               (76)               5     
Dividends paid                                            -           (103)     
Cash generated/(utilised) by financing                                          
activities                                              422           (190)     
Foreign currency translation adjustments              (126)            (65)     
Net decrease in cash and equivalents                  (924)           (551)     
Cash and equivalents - beginning of quarter           2 337           2 888     
Cash and equivalents - end of quarter                 1 413           2 337     
Operating activities translated at average rates of: June 2004 quarter: US$1 =  
R6.60 (March 2004 quarter: R6.77).                                              
Closing balance translated at closing rates of: June 2004: US$1 = R6.23         
(December 2003: R6.32).                                                         
SUMMARISED CASH FLOW STATEMENT                                                  
FOR THE 12 MONTHS ENDED 30 JUNE 2004                                            
12              12     
                                                     months          months     
                                                      ended           ended     
                                                    30 June         30 June     
2003            2004     
                                                US$ million     US$ million     
                                                (unaudited)     (unaudited)     
Cash flow from operating activities                     144            (72)     
Cash flow from investing activities                                             
Cash held by subsidiaries at acquisition                  9             106     
Net proceeds on disposal of listed investments           96             146     
Net additions to property, plant and equipment        (102)            (97)     
Other investing activities                            (112)            (87)     
Cash generated/(utilised) by investing                                          
activities                                            (109)              68     
Cash flow from financing activities                                             
Long-term loans - net                                  (52)              50     
Ordinary shares issued - net of expenses                140               -     
Dividends paid                                        (106)            (57)     
Cash utilised by financing activities                  (18)             (7)     
Foreign currency translation adjustments                 69              13     
Net (decrease)/increase in cash and equivalents          86               2     
Cash and equivalents - 1 July                           139             225     
Cash and equivalents - 30 June                          225             227     
12              12     
                                                     months          months     
                                                      ended           ended     
                                                    30 June         30 June     
2004            2003     
                                                  R million       R million     
                                                 (reviewed)     (unaudited)     
Cash flow from operating activities                   (498)           1 317     
Cash flow from investing activities                                             
Cash held by subsidiaries at acquisition                730              79     
Net proceeds on disposal of listed investments        1 008             876     
Net additions to property, plant and equipment        (669)           (935)     
Other investing activities                            (600)         (1 025)     
Cash generated/(utilised) by investing activities       469         (1 005)     
Cash flow from financing activities                                             
Long-term loans - net                                   343           (477)     
Ordinary shares issued - net of expenses                  2           1 275     
Dividends paid                                        (395)           (968)     
Cash utilised by financing activities                  (50)           (170)     
Foreign currency translation adjustments              (195)             104     
Net (decrease)/increase in cash and equivalents       (274)             246     
Cash and equivalents - 1 July                         1 687           1 441     
Cash and equivalents - 30 June                        1 413           1 687     
Operating activities translated at average rates of: June 2004: US$1 = R6,89    
(June 2003: R9,13).                                                             
Closing balance translated at closing rates of: June 2004: US$1 = R6,23 (June   
2003: R7,51).                                                                   
CONTACT DETAILS                                                                 
Harmony Gold Mining Company Limited                                             
Corporate Office                                                                
Suite No. 1                                                                     
Private Bag X1                                                                  
Melrose Arch, 2076                                                              
South Africa                                                                    
First Floor                                                                     
4 The High Street                                                               
Melrose Arch, 2196                                                              
Johannesburg                                                                    
South Africa                                                                    
Telephone: +27 11 684 0140                                                      
Fax:       +27 11 684 0188                                                      
Website: http://www.harmony.co.za                                               
Directors                                                                       
P T Motsepe (Chairman)                                                          
Z B Swanepoel (Chief Executive)                                                 
F Abbott, F Dippenaar, V N Fakude, T S A Grobicki                               
W M Gule, D S Lushaba, R P Menell, M Motloba, Dr M Z Nkosi                      
M F Pleming, N Qangule, Lord Renwick of Clifton KCMG*                           
C M L Savage                                                                    
*British                                                                        
Investor Relations                                                              
Ferdi Dippenaar                                                                 
Marketing Director                                                              
Telephone: +27 11 684 0140                                                      
Fax:       +27 11 684 0188                                                      
E-mail:    fdippenaar@harmony.co.za                                             
Corne Bobbert                                                                   
Investor Relations Officer                                                      
Telephone: +27 11 684 0146                                                      
Fax:       +27 11 684 0188                                                      
E-mail:    cbobbert@harmony.co.za                                               
Marian van der Walt                                                             
Company Secretary                                                               
Telephone: +27 11 411 2037                                                      
Fax:       +27 11 411 2398                                                      
E-mail:    mvanderwalt@harmony.co.za                                            
South African Share Transfer Secretaries                                        
Ultra Registrars (Pty) Ltd                                                      
PO Box 4844                                                                     
Johannesburg, 2000                                                              
Telephone: +27 11 832 2652                                                      
Fax:       +27 11 834 4398                                                      
United Kingdom Registrars                                                       
Capita Registrars                                                               
The Registry                                                                    
34 Beckenham Road                                                               
Beckenham                                                                       
Kent BR3 4TU                                                                    
Telephone: +44 870 162 3100                                                     
Fax:       +44 208 639 2342                                                     
ADR Depositary                                                                  
The Bank of New York                                                            
101 Barclay Street                                                              
New York, NY 10286                                                              
United States of America                                                        
Telephone: +1888-BNY ADRS                                                       
Fax:       +1 212 571 3050                                                      
Trading Symbols                                                                 
JSE Securities Exchange South Africa HAR                                        
New York Stock Exchange, Inc.        HMY                                        
London Stock Exchange plc            HRM                                        
Euronext Paris                       HG                                         
Euronext Brussels                    HMY                                        
Berlin Stock Exchange                HAM1                                       
Registration number 1950/038232/06                                              
Incorporated in the Republic of South Africa                                    
ISIN: ZAE000015228                                                              
Date: 02/08/2004 08:00:28 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.