ArcelorMittal South Africa 2007 Annual Report  Page 70 Group and company income statements for the year ended 31 December 2007 Group Company

Restated

Notes

2007

Rm

2006

Rm

2007

Rm

2006

Rm

Revenue

7

29 333

25 350

25 754

22 567

Raw materials and consumables used

(12 141)

(11 071)

(11 186)

(10 936)

Employee costs

8

(2 210)

(2 243)

(2 210)

(2 243)

Energy

(1 364)

(1 332)

(1 032)

(1 043)

Movement in inventories of finished goods and work in progress

(21)

623

(82)

943

Impairment reversal

9

2 799

Depreciation

8

(1 088)

(1 080)

(743)

(758)

Amortisation of intangible assets

8

(11)

(16)

(9)

(14)

Other operating expenses

(4 795)

(4 149)

(4 042)

(3 529)

Profit from operations

7 703

6 082

9 249

4 987

Gains and losses on changes in foreign exchange rates and financial instruments designated as held for trading at fair value through profit and loss

10

(131)

301

(151)

245

Net interest income

11

325

193

337

203

Interest received

442

362

426

331

Finance costs

(117)

(169)

(89)

(128)

Income from investments   

12

4

7

285

182

Income after tax from equity accounted investments

18

270

135

Profit before taxation

8 171

6 718

9 720

5 617

Income tax expense

13

(2 455)

(2 022)

(2 029)

(1 681)

Profit for the year

5 716

4 696

7 691

3 936

Attributable to: Equity holders of the company

5 716

4 696

Attributable earnings per share (cents)

14

– basic

1 282

1 054

– diluted

1 279

1 052

Dividend per share (cents)

15

– interim

233

143

– final (declared after balance sheet date)

196

204