FINANCIALS

SUMMARISED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

as at 31 December 2013

	Year ended 31 December 2013 Audited R’000	Year ended 31 December 2012 Audited R’000
ASSETS
Property, plant and equipment	3 099 988	2 677 308
Total non-current assets	3 099 988	2 677 308
Inventories	1 132 986	1 088 885
Trade and other receivables	677 649	344 725
Current tax assets	7 440	26 424
Cash and cash equivalents	85 547	82 643
Assets held for sale	–	72 127
Total current assets	1 903 622	1 614 804
Total assets	5 003 610	4 292 112
EQUITY
Share capital	24 942	24 932
Share premium	1 262 899	1 262 481
Equity-settled share-based payment reserve	39 011	33 847
Retained earnings	1 598 985	1 388 369
Total equity attributable to equity holders	2 925 837	2 709 629
LIABILITIES
Loans and borrowings	576 311	523 872
Provision for close down and restoration costs	111 456	57 892
Deferred tax liabilities	626 099	551 165
Total non-current liabilities	1 313 866	1 132 929
Loans and borrowings	19 471	636
Trade and other payables*	648 143	430 368
Liabilities held for sale	–	18 550
Bank overdraft	96 293	–
Total current liabilities	763 907	449 554
Total liabilities	2 077 773	1 582 483
Total equity and liabilities	5 003 610	4 292 112

* Includes R194 million (2012: nil) short-term inventory facility.

Sponsor: Merrill Lynch South Africa Proprietary Limited

Executive Directors: Z Matlala (Chief Executive Officer), D Chocho (Chief Financial Officer), B McBride
Non-executive Directors: CK Molefe (Chairman)*, NB Majova*, M Mamathuba, A Mngomezulu*,
K Nondumo*, M Salanje*, S Phiri, M Mosweu, Z van der Walt*
Company Secretary: A Mahendranath
Registered office: First Floor, Block B, Sandton Place,
68 Wierda Road East, Wierda Valley, Sandton, 2196
Transfer secretaries: Link Market Services South Africa Proprietary Limited
* independent

Finance and Investor Relations Manager: Kajal Bissessor
Tel: +27 11 783 4780/+27 83 784 6686
Email: kajal@meraferesources.co.za