African Rainbow Minerals Ltd
JSE:ARI
Income Statement
Earnings Waterfall
African Rainbow Minerals Ltd
Revenue
|
11.7B
ZAR
|
Cost of Revenue
|
-9.7B
ZAR
|
Gross Profit
|
2.1B
ZAR
|
Operating Expenses
|
-557m
ZAR
|
Operating Income
|
1.5B
ZAR
|
Other Expenses
|
3.4B
ZAR
|
Net Income
|
4.9B
ZAR
|
Income Statement
African Rainbow Minerals Ltd
Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 113
N/A
|
4 082
-1%
|
4 916
+20%
|
5 485
+12%
|
5 442
-1%
|
4 622
-15%
|
4 880
+6%
|
6 152
+26%
|
7 537
+23%
|
12 590
+67%
|
15 015
+19%
|
10 094
-33%
|
7 880
-22%
|
11 022
+40%
|
13 534
+23%
|
14 893
+10%
|
16 900
+13%
|
17 530
+4%
|
17 654
+1%
|
7 342
-58%
|
3 103
-58%
|
10 004
+222%
|
10 227
+2%
|
9 263
-9%
|
8 766
-5%
|
8 164
-7%
|
8 008
-2%
|
8 158
+2%
|
7 851
-4%
|
8 142
+4%
|
8 115
0%
|
8 834
+9%
|
10 233
+16%
|
11 653
+14%
|
15 153
+30%
|
19 657
+30%
|
17 677
-10%
|
16 917
-4%
|
18 595
+10%
|
14 662
-21%
|
11 733
-20%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 350)
|
(3 268)
|
(3 590)
|
(3 743)
|
(3 827)
|
(3 304)
|
(3 027)
|
(3 341)
|
(4 235)
|
(5 516)
|
(6 355)
|
(6 048)
|
(5 978)
|
(7 480)
|
(8 332)
|
(8 952)
|
(10 377)
|
(11 463)
|
(12 415)
|
(5 866)
|
(3 131)
|
(7 698)
|
(7 960)
|
(8 047)
|
(7 967)
|
(7 353)
|
(6 750)
|
(6 951)
|
(6 503)
|
(6 696)
|
(6 673)
|
(7 449)
|
(8 161)
|
(7 492)
|
(7 538)
|
(7 900)
|
(7 466)
|
(7 660)
|
(8 358)
|
(8 836)
|
(9 674)
|
|
Gross Profit |
763
N/A
|
814
+7%
|
1 326
+63%
|
1 742
+31%
|
1 615
-7%
|
1 318
-18%
|
1 853
+41%
|
2 811
+52%
|
3 302
+17%
|
7 074
+114%
|
8 660
+22%
|
4 046
-53%
|
1 902
-53%
|
3 542
+86%
|
5 202
+47%
|
5 941
+14%
|
6 523
+10%
|
6 067
-7%
|
5 239
-14%
|
1 476
-72%
|
(28)
N/A
|
2 306
N/A
|
2 267
-2%
|
1 216
-46%
|
799
-34%
|
811
+2%
|
1 258
+55%
|
1 207
-4%
|
1 348
+12%
|
1 446
+7%
|
1 442
0%
|
1 385
-4%
|
2 072
+50%
|
4 161
+101%
|
7 615
+83%
|
11 757
+54%
|
10 211
-13%
|
9 257
-9%
|
10 237
+11%
|
5 826
-43%
|
2 059
-65%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(509)
|
(257)
|
(262)
|
(146)
|
(153)
|
(206)
|
(200)
|
(330)
|
(354)
|
(396)
|
(175)
|
(339)
|
(764)
|
(622)
|
(492)
|
(619)
|
(577)
|
(851)
|
(1 120)
|
(302)
|
(79)
|
(746)
|
(767)
|
(426)
|
5
|
(487)
|
(669)
|
(752)
|
(720)
|
264
|
130
|
(603)
|
(624)
|
(1 036)
|
(998)
|
(521)
|
(667)
|
(1 088)
|
(1 476)
|
(847)
|
(557)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(897)
|
0
|
(795)
|
0
|
(747)
|
0
|
(599)
|
0
|
0
|
0
|
(633)
|
0
|
(940)
|
0
|
(1 752)
|
0
|
(1 511)
|
0
|
(1 093)
|
0
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(81)
|
0
|
(50)
|
0
|
(23)
|
0
|
(28)
|
0
|
0
|
0
|
(108)
|
0
|
(115)
|
0
|
(105)
|
0
|
(166)
|
0
|
(212)
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
(14)
|
0
|
(8)
|
0
|
(5)
|
0
|
0
|
0
|
(2)
|
0
|
(6)
|
0
|
(6)
|
0
|
(9)
|
0
|
(21)
|
0
|
|
Other Operating Expenses |
(509)
|
(257)
|
(262)
|
(146)
|
(153)
|
(206)
|
(200)
|
(330)
|
(354)
|
(396)
|
(175)
|
(339)
|
(764)
|
(622)
|
(492)
|
(619)
|
(577)
|
(851)
|
(1 120)
|
(302)
|
(79)
|
241
|
(767)
|
433
|
5
|
291
|
(669)
|
(120)
|
(720)
|
264
|
130
|
140
|
(624)
|
25
|
(998)
|
1 342
|
(667)
|
598
|
(1 476)
|
479
|
(557)
|
|
Operating Income |
254
N/A
|
557
+119%
|
1 064
+91%
|
1 596
+50%
|
1 462
-8%
|
1 112
-24%
|
1 653
+49%
|
2 481
+50%
|
2 948
+19%
|
6 678
+127%
|
8 485
+27%
|
3 707
-56%
|
1 138
-69%
|
2 920
+157%
|
4 710
+61%
|
5 322
+13%
|
5 946
+12%
|
5 216
-12%
|
4 119
-21%
|
1 174
-71%
|
(107)
N/A
|
1 560
N/A
|
1 500
-4%
|
790
-47%
|
804
+2%
|
324
-60%
|
589
+82%
|
455
-23%
|
628
+38%
|
1 710
+172%
|
1 572
-8%
|
782
-50%
|
1 448
+85%
|
3 125
+116%
|
6 617
+112%
|
11 236
+70%
|
9 544
-15%
|
8 169
-14%
|
8 761
+7%
|
4 979
-43%
|
1 502
-70%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(110)
|
(178)
|
(323)
|
(300)
|
(147)
|
(110)
|
(132)
|
(303)
|
(358)
|
191
|
500
|
176
|
73
|
(34)
|
(143)
|
(135)
|
(42)
|
58
|
73
|
2 989
|
4 777
|
3 158
|
1 954
|
1 307
|
677
|
1 288
|
1 795
|
2 963
|
3 766
|
3 946
|
4 322
|
4 891
|
4 505
|
4 794
|
5 556
|
7 612
|
7 267
|
7 849
|
8 267
|
6 364
|
6 276
|
|
Non-Reccuring Items |
(401)
|
1 392
|
1 669
|
147
|
(14)
|
139
|
37
|
14
|
135
|
162
|
(6)
|
514
|
547
|
97
|
93
|
(4)
|
1
|
(68)
|
(69)
|
(2 454)
|
(3 075)
|
(622)
|
(274)
|
(1 636)
|
(3 118)
|
(118)
|
(606)
|
(2 243)
|
1
|
(39)
|
(1 206)
|
(1 490)
|
(330)
|
(1 693)
|
(1 687)
|
107
|
285
|
1 239
|
1 001
|
(8)
|
(3 394)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(6)
|
(2)
|
(3)
|
(3)
|
(13)
|
6
|
0
|
(23)
|
(123)
|
12
|
0
|
0
|
0
|
(3)
|
(3)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
4
|
3
|
0
|
1
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(12)
|
16
|
(12)
|
0
|
(21)
|
112
|
(22)
|
0
|
0
|
0
|
(86)
|
0
|
(116)
|
0
|
(150)
|
0
|
(161)
|
0
|
(182)
|
(34)
|
|
Pre-Tax Income |
(257)
N/A
|
1 771
N/A
|
2 410
+36%
|
1 443
-40%
|
1 301
-10%
|
1 141
-12%
|
1 558
+37%
|
2 192
+41%
|
2 725
+24%
|
7 031
+158%
|
8 979
+28%
|
4 397
-51%
|
1 758
-60%
|
2 983
+70%
|
4 660
+56%
|
5 176
+11%
|
5 899
+14%
|
5 204
-12%
|
4 120
-21%
|
1 698
-59%
|
1 574
-7%
|
4 090
+160%
|
3 196
-22%
|
426
-87%
|
(1 760)
N/A
|
1 485
N/A
|
1 890
+27%
|
1 153
-39%
|
4 395
+281%
|
5 614
+28%
|
4 685
-17%
|
4 096
-13%
|
5 622
+37%
|
6 110
+9%
|
10 486
+72%
|
18 805
+79%
|
17 095
-9%
|
17 100
+0%
|
18 032
+5%
|
11 153
-38%
|
4 351
-61%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(64)
|
(305)
|
(545)
|
(530)
|
(411)
|
(377)
|
(540)
|
(781)
|
(978)
|
(2 084)
|
(2 933)
|
(1 727)
|
(628)
|
(1 009)
|
(1 584)
|
(1 671)
|
(1 901)
|
(1 633)
|
(1 180)
|
84
|
548
|
(546)
|
(590)
|
(353)
|
(334)
|
10
|
715
|
409
|
(440)
|
(573)
|
(258)
|
(242)
|
(757)
|
(1 076)
|
(1 907)
|
(3 333)
|
(3 042)
|
(2 736)
|
(3 005)
|
(1 833)
|
35
|
|
Income from Continuing Operations |
(321)
|
1 466
|
1 865
|
913
|
890
|
764
|
1 018
|
1 411
|
1 747
|
4 947
|
6 046
|
2 670
|
1 130
|
1 974
|
3 076
|
3 505
|
3 998
|
3 571
|
2 940
|
1 782
|
2 122
|
3 544
|
2 606
|
73
|
(2 094)
|
1 495
|
2 605
|
1 562
|
3 955
|
5 041
|
4 427
|
3 854
|
4 865
|
5 034
|
8 579
|
15 472
|
14 053
|
14 364
|
15 027
|
9 320
|
4 386
|
|
Income to Minority Interest |
10
|
(106)
|
(265)
|
(451)
|
(420)
|
(163)
|
(104)
|
(191)
|
(217)
|
(460)
|
(198)
|
198
|
(41)
|
(162)
|
(158)
|
(194)
|
(209)
|
(133)
|
(132)
|
(148)
|
(180)
|
(255)
|
(230)
|
31
|
401
|
(296)
|
(104)
|
(131)
|
(261)
|
(294)
|
(312)
|
(300)
|
(485)
|
(1 069)
|
(1 878)
|
(2 846)
|
(2 402)
|
(1 938)
|
(2 107)
|
(1 242)
|
521
|
|
Net Income (Common) |
(311)
N/A
|
1 360
N/A
|
1 600
+18%
|
462
-71%
|
470
+2%
|
601
+28%
|
914
+52%
|
1 220
+33%
|
1 530
+25%
|
4 487
+193%
|
5 848
+30%
|
2 868
-51%
|
1 089
-62%
|
1 812
+66%
|
2 918
+61%
|
3 311
+13%
|
3 789
+14%
|
3 438
-9%
|
2 808
-18%
|
1 634
-42%
|
1 942
+19%
|
3 289
+69%
|
2 376
-28%
|
104
-96%
|
(1 693)
N/A
|
(565)
+67%
|
177
N/A
|
1 372
+675%
|
3 379
+146%
|
4 562
+35%
|
4 115
-10%
|
3 554
-14%
|
4 380
+23%
|
3 965
-9%
|
6 701
+69%
|
12 626
+88%
|
11 651
-8%
|
12 426
+7%
|
12 920
+4%
|
8 078
-37%
|
4 907
-39%
|
|
EPS (Diluted) |
-2.73
N/A
|
9.51
N/A
|
7.82
-18%
|
2.26
-71%
|
2.29
+1%
|
2.91
+27%
|
4.35
+49%
|
5.71
+31%
|
7.17
+26%
|
20.84
+191%
|
27.17
+30%
|
13.38
-51%
|
5.08
-62%
|
8.42
+66%
|
13.58
+61%
|
15.53
+14%
|
17.65
+14%
|
15.93
-10%
|
12.99
-18%
|
7.51
-42%
|
8.92
+19%
|
15.1
+69%
|
10.89
-28%
|
0.48
-96%
|
-7.79
N/A
|
-2.65
+66%
|
0.93
N/A
|
7.03
+656%
|
17.26
+146%
|
23.93
+39%
|
21
-12%
|
18.15
-14%
|
22.29
+23%
|
20.11
-10%
|
34.04
+69%
|
63.99
+88%
|
58.9
-8%
|
63.39
+8%
|
65.8
+4%
|
41.11
-38%
|
25.01
-39%
|