RESULTS FROM OPERATING ACTIVITIES	12 Months Ended
RESULTS FROM OPERATING ACTIVITIES	Jun. 30, 2022
Results from operating activities [abstract]
RESULTS FROM OPERATING ACTIVITIES	5 RESULTS FROM OPERATING ACTIVITIES 5.1 COST OF SALES Amounts in R million Note 2022 2021 2020 Cost of sales (3,741.5) (3,388.2) (2,937.9) Operating costs (a) (3,506.5) (3,122.5) (2,692.1) Movement in gold in process and finished inventories - Gold Bullion 30.4 (25.6) 3.1 Depreciation 9 (267.6) (252.5) (270.8) Change in estimate of environmental rehabilitation 11 2.2 12.4 21.9 (a) The most significant components of operating costs include: Consumable stores (1,014.9) (880.2) (801.0) Labour including short term incentives (649.6) (598.4) (573.0) Electricity (547.3) (488.2) (420.9) Specialist service providers (610.2) (510.7) (447.5) Machine hire (139.0) (127.4) (95.2) Security expenses (133.0) (122.8) (87.8) Water (54.2) (57.1) (47.0) RELATED PARTY TRANSACTIONS FWGR entered into an agreement with Sibanye-Stillwater effective July 31, 2018 for the pumping and supply of water and electricity to the FWGR operations for which FWGR is invoiced based on metered usage of water and electricity. FWGR also entered into a smelting agreement with Sibanye-Stillwater effective July 31, 2018 to smelt and recover gold from gold loaded carbon produced at FWGR, and deliver the gold to Rand Refinery. As consideration for this service, Sibanye-Stillwater receives a fee based on the smelting costs plus 10 % of the smelting costs. Rand Refinery, up to April 10, 2022, performed the final refinement and marketing of all gold and silver produced by the Group. As consideration for this service, Rand Refinery receives a variable refining fee plus fixed marketing and administration fees. From April 11, 2022, Rand Refinery only performs the final refinement and administration of the gold bars delivered. As a result of this, the marketing fee was no longer incurred by the Group. Rand Refinery is a related party to the Group through Sibanye-Stillwater’s shareholding in Rand Refinery. All transactions and outstanding balances with related parties are to be settled in cash within 30 days of the invoice date. None of the balances are secured. No expense has been recognised in the current year as a credit loss allowance in respect of amounts charged to related parties. Amounts in R million 2022 2021 2020 Services rendered by related parties and included in operating costs: Supply of water and electricity 1 79.2 68.1 50.0 Gold smelting and related charges 1 19.1 21.1 19.8 Other charges 1 0.3 0.7 1.6 Charges to Sibanye-Stillwater 2 - - (0.2) Gold refining and related charges 3 6.9 6.8 4.9 105.5 96.7 76.1 1 Paid to Sibanye-Stillwater by FWGR 2 Miscellaneous charges to Sibanye-Stillwater 3 Paid to Rand Refinery 5 RESULTS FROM OPERATING ACTIVITIES continued 5.2 OTHER INCOME ACCOUNTING POLICIES Other income is recognised where it is probable that the economic benefits associated with a transaction will flow to the Group and it can be reliably measured. Other income is generally income earned from transactions outside the course of the Group’s ordinary activities and may include COVID-19 and other insurance payouts, gains on disposal of property, plant and equipment and gains on financial instruments at fair value through profit or loss. Amounts in R million 2022 2021 2020 Gain on disposal of property, plant and equipment 6.6 0.1 0.7 Insurance claim (a) 84.7 - - 91.3 0.1 0.7 (a) Insurance claim During the 2020 financial year, a complex insurance claim process was initiated for business interruption caused by the regulatory lockdowns pursuant to the COVID-19 pandemic. Of the R 84.7 million included in other income in profit and loss during the year, R 53.0 million was received before June 30, 2022. R 31.7 million was received subsequent to year end. 84.7 - - 5.3 ADMINISTRATION EXPENSES AND OTHER COSTS Amounts in R million Note 2022 2021 2020 Included in administration expenses and other costs are the following: Share based payment (expenses)/benefit (18.4) 28.3 (224.1) Cash settled Long-Term Incentive (" CLTI ") scheme 19.1 - 44.3 (218.1) Equity settled Long-Term Incentive (" ELTI ") scheme 19.2 (18.4) (16.0) (6.0) Exploration expenses and transaction costs 1 (15.2) (3.1) (1.4) Other costs and administration expenses 2 (52.8) (39.7) (28.3) 1 Includes exploration expenses of R8.2 million paid to Sibanye-Stillwater for FY 2022. 2 Other costs and administration expenses are made of short-term incentives and information technology costs.