Notes to the annual financial statements

27.	Profit
		2010 R million	2009 R million
	Profit is stated after taking the following into account:
	Consolidated
	Income
	Fair value adjustment – biological assets	74	27
	Fair value adjustment – derivative instruments	78	15
	Rental income – investment properties	10	10
	Interest received	146	197
	Shareholder’s loan to associated company	18	–
	Financial institutions and other	128	197
	Profit on sale of investments	–	24
	Exchange rate gains	–	121
	Profit on sale of property, plant and equipment	4	–
	Expenses
	Amortisation of intangible assets	10	11
	Fair value adjustment – derivative instruments	117	164
	Expenses – investment properties	1	5
	Rental	130	84
	Land and buildings	55	45
	Machinery and equipment	55	15
	Vehicles	5	7
	Office equipment	15	17
	Research and development costs written off	6	7
	Auditors’ remuneration – audit fees	15	13
	– other services	2	3
	Net impairment of investments, assets and goodwill	179	442
	Investment in PGSI	107	411
	Investment in the Kagiso Infrastructure Empowerment Fund	31	–
	Investment in Premier Team Holdings	30	–
	Other investments, assets and goodwill	11	31
	Professional fees	38	49
	Depreciation	290	271
	Buildings	40	34
	Machinery and equipment	213	203
	Vehicles	34	31
	Office equipment	3	3
	Loss on sale of investments	9	–
	Exchange rate losses	9	–
	Loss on sale of property, plant and equipment	–	3

	The Company
	Loss on exchange of investment in BAT for investment in Reinet
	depository receipts and other costs relating to the BAT unbundling	–	2 012

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27.