RESULTS FROM OPERATING ACTIVITIES (Tables)

12 Months Ended

Jun. 30, 2022

Results from operating activities [abstract]

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

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

Other Income

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

-

-

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.