Gert GouwsChief Financial Officer

2005/20062005/2006Financial ResultsFinancial Results

Abridged Group Income StatementAbridged Group Income Statementfor the Year Ended 31 March 2006for the Year Ended 31 March 2006

20062006

9 months 9 months

Ended 31 Ended 31

March 2005March 2005

Revenue Revenue 4 524 4 524

2 8062 806Cost of Sales 1 928 1 191

R’ millions

Financing Expenses 495 338GROSS PROFIT 2 101 1277

Other Income 55 60Operating Expenses 2 119 1 560

NET OPERATING INCOME 378 1 037Share of equity-accounted investments

417 266

NET PROFIT BEFORE TAX 795 1

303

Taxation 42

117PROFIT FOR THE PERIOD 753 1 186

Net Capital Gains 341 1 260

Analysis of Income Statement ItemsAnalysis of Income Statement Itemsfor the Year Ended 31 March 2006for the Year Ended 31 March 2006

20062006 9 Months 9 Months

Ended 31 Ended 31

March 2005March 2005

1 7102 612

15646

4 5244 524

1 2601 372

118

5656

2 8062 806

RevenueRevenue

Financing Activities FoskorPrilla 2000Other subsidiaries

R’ millions%%

369032

(18)

61

243(1)

(38)

21

%

Prior Year

Annualised

Analysis of Income Statement ItemsAnalysis of Income Statement Itemsfor the Year Ended 31 March 2006for the Year Ended 31 March 2006

%

R’millions 2006 9 Months Ended Prior Year

31 March 2005 % Annualised

645 575 12 (16)

Impairments - Financing book 429 256

68 26

- Foskor - 300

Project Feasibility Expenses 216 19

2 119 1 560 36

2

Operating Expenses

Financing Activities 630 466 35 1Foskor 744 433 72 29Prilla 2000 74 57 30 (3)Other 26 29 (10) (33)

1 474 985 50 12

20062006

Analysis of Income Statement ItemsAnalysis of Income Statement Itemsfor the Year Ended 31 March 2006for the Year Ended 31 March 2006

R’ millions9 Months 9 Months

EndedEnded 31 31

MarchMarch20052005

%%% Prior

YearAnnualis

ed

(645)

- Impairments and Project

Feasibility Expenses- Net Capital Gains

326 630

Net Operating IncomeNet Operating Income

Financing Activities- Before items below

1 189

504504

(575)(575)

1 2601 260

(73) 25

12

(73)

(79) (6)

(16)

(80)

341

76

(12)

(12)

378

FoskorPrilla 2000Other Subsidiaries

(132)(132)

(5)(5)

(15)(15)

1 0371 037

158

(140)

2020

(64)(64)

143

(80) 40

(73)(73)

Analysis of Net Profit / (Loss) Analysis of Net Profit / (Loss) (R’mil)(R’mil)

-500

0

500

1000

1500

2000

1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06

753666

(258)

1 831

787697

1 186

Abridged Group Balance SheetAbridged Group Balance Sheetas at 31 March 2006as at 31 March 2006

Debt/Equity Ratio 14%14% 16%16%

Equity and LiabilitiesEquity and LiabilitiesCapital and reservesLong-term loansDeferred taxationOther liabilities

38 984

5 525

1 9971 649

48 48

155155

30 091

4 840676

1 343

36 36

950950

2006

35 137

5 4763 0463 558

938

48 48

155155

24 841

5 7083 1352 0811 185

36 36

950950

AssetsAssetsInvestmentsLoans and advancesProperty, plant & equipment & InventoriesCash and cash equivalentsOther assets

20052005R’ millions

Accounted for in Changes in EquityAccounted for in Changes in EquityStatementsStatements

31 March 31 March

2006200631 March 31 March

20052005

9 270(1215)

4 993(944)

Revaluation of investments to fair valueDeferred Tax

65 60Dividends Paid

R’ millions

Strengthened Financial BaseStrengthened Financial Base

0

5

10

15

20

25

30

35

40

45

1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06

Cap

ital a

nd R

eser

ves

(R'b

n)

10

15

20

25

30

35

40

45

Deb

t /

Equi

ty r

atio

(%

)

Fair value revaluationExcl. fair value revaluationDebt/Equity ratio

Thank youThank you