CASH GENERATED FROM OPERATIONS

12 Months Ended

Jun. 30, 2022

Cash generated from operations [abstract]

Cash generated from operations

14 CASH GENERATED FROM OPERATIONS

Amounts in R million

Note

2022

2021

2020

Profit for the year

1,123.8

1,439.9

635.0

Adjusted for

Income tax

18.1

334.3

523.7

343.9

Depreciation 

9

267.6

252.5

270.8

Movement in gold in process and finished inventories - Gold Bullion

5.1

(30.4)

25.6

(3.1)

Change in estimate of environmental rehabilitation

11

(2.2)

(12.4)

(21.9)

Environmental rehabilitation payments to reduce the restoration liabilities

11

(3.3)

(5.8)

(8.1)

Share-based payment expense/(benefit)

5.3

18.4

(28.3)

224.1

Gain on disposal of property, plant and equipment

5.2

(6.6)

(0.1)

(0.7)

Insurance claim receivable

5.2

(31.7)

-

-

Finance income

6

(225.8)

(216.2)

(109.8)

Finance expense

7

74.8

69.5

68.8

Other non-cash items

3.8

(2.5)

2.6

Operating cash flows before other changes

1,522.7

2,045.9

1,401.6

Changes in

62.9

(194.9)

(92.0)

Trade and other receivables

25.7

6.9

(79.0)

Consumable stores and stockpiles

(18.9)

(44.7)

(26.4)

Payments made under protest

24

(15.2)

(8.1)

(10.6)

Trade and other payables

71.3

(149.0)

 1

24.0

 1

Cash generated from operations

1,585.6

1,851.0

1,309.6

 1

Includes settlement of cash-settled long-term incentives for 2021: R

183.3

 million, 2020: R

41.5

 million.