Statement of Financial Performance for the year ended 30 June 2004 Consolidated Resolute Mining Limited 2004 2003 2004 2003 Note $’000 $’000 $’000 $’000 Revenue from gold sales 2(a) 118,207 108,629 -  -  Cost of sales 2(c) (99,442) (91,296) -  -  Gross profit 18,765 17,333 - - Other revenues from ordinary activities 2(b) 41,933 5,220 15,841 120  Borrowing cost expense 2(d) (1,173) (797) (566) (76) Other expenses from ordinary activities 2(e) (23,093) (5,685) (14,239) (1,770) Profit/(loss) from ordinary activities before income tax 36,432 16,071 1,036 (1,726) Income tax expense attributable to ordinary activities 3  (4,347) (143) (128) -  Profit/(loss) from ordinary activities after income tax 32,085 15,928 908 (1,726) Net profit attributable to outside equity interests 26  (190) (647) -  -  Net profit/(loss) attributable to members of Resolute Mining Limited 31,895 15,281 908 (1,726) Net exchange difference on translation of financial reports of self sustaining foreign operations 24  (4,016) (10,281) -  -  Share issue costs 23  (471) -  (471) -  Total revenues, expenses and valuation adjustments attributable to members of Resolute Mining Limited and recognised directly in equity (4,487) (10,281) (471) -  Total changes in equity other than those resulting from transactions with owners as owners 27,408 5,000 437  (1,726) Basic earnings per share (cents per share) 41  19.2 9.4 Diluted earnings per share (cents per share) 41  17.1 9.4 RESOLUTE MINING LIMITED 2004 ANNUAL REPORT 38