Notes to the company annual financial statements

for the year ended 30 September 2008

		2008	2007	2006
		Rm	Rm	Rm
15.	Operating profit
	Operating profit is arrived at as follows:
	Revenue	162	284	320
	Add: Net income	863	22 768	4 177
	Interest from subsidiaries	407	299	196
	Dividend received to unbundle PPC		18 879
	Dividends from subsidiaries	801	3 934	4 284
	Administrative costs	(345)	(344)	(303)
	Operating profit	1 025	23 052	4 497
	Administrative costs include the following:
	Depreciation (note 2)	7	20	20
	BEE IFRS 2 charge	146
	Loss on disposal of property, plant, and equipment	2
	Amortisation of intangible assets (note 3)	2	3	3
	Administration, management and technical fees paid	7	12	14
	Auditors’ remuneration	6	5	5
	Audit fees	6	5	4
	Other fees			1
	Staff costs (excluding directors’ emoluments)	205	169	111
	Amounts expensed in respect of retirement benefit plans:
	Defined contribution funds	8	13	15
	Defined benefit plan			2