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INVENTORIES
 12 Months Ended
Jun. 30, 2022
Inventories [abstract]  
Inventories
17
 
INVENTORIES
ACCOUNTING POLICIES
Gold
 
in process
 
is stated
 
at the
 
lower of
 
cost
 
and net
 
realisable value.
 
Costs are
 
assigned to
 
gold
 
in process
 
on a
 
weighted
average cost basis. Costs comprise all costs incurred to the stage immediately
 
prior to smelting, including costs of extraction and
processing as they are
 
reliably measurable at that
 
point. Gold bullion is
 
stated at the lower
 
of cost and net
 
realisable value. Selling
and general administration costs are excluded from inventory valuation.
Consumable stores
 
are stated
 
at cost
 
less allowances
 
for obsolescence.
 
Cost of
 
consumable stores
 
and stockpile
 
material is
based on
 
the weighted
 
average cost
 
principle and
 
includes expenditure
 
incurred in
 
acquiring inventories
 
and bringing
 
them to
their existing location and condition.
Net realisable value
 
is the estimated
 
selling price in
 
the ordinary course
 
of business, less
 
the estimated cost
 
of completion and
selling expenses.
Amounts in R million
2022
2021
Consumable stores
197.5
177.6
Ore stockpile
51.9
52.9
Gold in process
75.1
59.6
Finished inventories - Gold Bullion
64.8
49.9
Total inventories
389.3
340.0
Inventory carried at net realisable value includes:
Gold in process
8.5
-
Finished inventories - Gold Bullion
7.9
-
Write down to net realisable value included in movement in gold in process and finished
stock
(2.7)
-