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How we performed

    FY14 FY13 FY12 FY11
Operating performance
Ore milled 000t 18 784 18 373 18 154 18 449
Gold produced1 kg 36 45335 374 36 273 37 801
000oz 1 1721 137 1 166 1 215
Operating costs2R/kg 328 931324 979 275 058 225 652
US$/oz 9881 1461 1011 004
All-in sustaining costs R/kg 413 433431 745357 390 10
US$/oz 1 2421 5221 43110
Underground grade g/t 4.774.544.264.63
Financial performance
Revenue R million 15 68215 902 15 169 11 596
Production costs2R million 11 88811 321 9 873 8 504
Production profit 2 R million 3 7944 581 5 296 3 092
Operating margin % 24293527
Net (loss)/profit for the year2, 11 R million (1 270)(2 349)2 599 617
Total headline earnings per share2, 11 South African cents 2652603223
Capital expenditure5 R million 2 5283 649 3 049 2 948
Exploration spend R million 458673500324
Dividend spend R million 435431214
Net debt R million (1 031)(449)(43)(866)
Market performance
Average gold price received¹R/kg 432 165454 725 419 668 307 853
US$/oz 1 2991 603 1 681 1 370
Total market capitalisation R billion 13.615.633.038.7
US$ billion 1.31.64.05.7
Exchange rate R/US$ 10.358.827.776.99
Reserves
Gold and gold equivalents Moz 49.551.552.941.6
Geographical distribution of gold reserves
– South Africa % 57585889
– Papua New Guinea % 43424211
Safety
Fatal injury frequency rate – fatal injury frequency rate per million 0.260.100.110.18
Lost-time injury frequency rate – lost-time injury frequency rate per million 7.548 5.467 6.8678.25
Health (South africa)
– Shifts lost due to occupational illness and injury 25 33820 236 23 497 26 492
– Noise-induced hearing loss compensated cases 5752101365
– Silicosis cases certified4  1758 1857872731
People
Number of employees and contractors 34 579 36 579 36 915 36 296
Employment equity (historically disadvantaged South Africans in management)% 468 467 447 427
Number of people in single rooms in 100% completed hostels6 1 6788 1 1027 55572 673
Number of people sharing 6 8418 8 6297 10 23777 322
Number of people in critical skill positions trained (We invested R1.2 million in FY14 (FY13: R5.1 million) 568 1247 747 10
Community – group local economic development13R million 77.18, 14 87.561.681.6
Meaningful economic participation9% 28282836
Preferential procurementR million 3 4428 2 4597 2 13872 151
Environment
Mineral waste (volume disposed)000t 33 4988 32 8077 20 252710
Total electricity use 000MWh 2 7988 2 7047 3 05873 254
CO2 emissions12
– Scope 1000t CO2e 758941010
– Scope 2000t CO2e 2 74582 6483 0473 425
– Scope 3000t CO2e 66186171010
Water used for primary activities3000m³ 16 4958 18 5567 32 979733 164
Funding/guarantees for rehabilitation and closureR million 2 2002 330 2 386 2 466
  1. 1 Zero gold production capitalised in FY14 and FY 13 (FY12: 36kg/1 157oz) (FY11:621kg/19 967oz)
  2. 2 Prior year figures restated for IFRIC20
  3. 3 Definition changed for FY13 to exclude fissure water from the reported figure
  4. 4 The number of cases of pure silicosis confirmed by the South Africa’s Medical Bureau of Occupational Diseases in FY13 and FY14. Previously we assured silicosis cases submitted to the Medical Bureau of Occupational Diseases
  5. 5 Prior year figures re-presented to exclude discontinued operations
  6. 6 The number of single rooms only represent hostels which are 100% converted. The total amount of single rooms (including single rooms in incomplete hostels) are 5 027 for FY14 (FY13: 3 214)
  7. 7 Assured by independent auditors in the prior years – refer to Harmony’s annual report archive
  8. 8 Assured by independent auditors in the current year. Please refer to the assurance report and glossary of terms for definitions applied.
  9. 9 Percentage of production attributed to historically disadvantaged South Africans interests
  10. 10 Not previously reported
  11. 11 Includes discontinued operations
  12. 12 FY13 figures have been revised due to the alignment with the Carbon Disclosure Project and with Harmony’s financial year end, as well as a restatement of the Scope 3 emission figure as a result of an anomaly picked up during the assurance process
  13. 13 Restatement of the FY13 local economic development due to a change in the definition. Kindly refer to key performance indicators definition presented in the glossary of terms
  14. 14 In addition, capital of R106 million (US$10 million) was spent in FY14 on the upgrading of hostel accommodation at various operations

Important note

For printing purposes only, Harmony’s annual financial statements are presented in a seperate document, the Financial Report 2014. This document is also available in the download manager.