RIGHT OF USE ASSETS AND LEASES (Tables)

12 Months Ended

Jun. 30, 2022

Right of use assets and leases [abstract]

Right of use assets

Amounts in R million

Note

Mine plant

facilities and

equipment

Mine property

and

development

Total

June 30, 2022

Cost

31.2

58.4

89.6

Opening balance

26.8

47.3

74.1

Additions

6.0

9.9

15.9

Lease modifications

-

1.2

1.2

Lease derecognitions

(1.6)

-

(1.6)

Accumulated depreciation

(13.0)

(28.9)

(41.9)

Opening balance

(6.2)

(18.8)

(25.0)

Depreciation

(8.4)

(10.1)

(18.5)

Lease derecognitions

1.6

-

1.6

Carrying value

18.2

29.5

47.7

June 30, 2021

Cost

26.8

47.3

74.1

Opening balance

11.1

45.0

56.1

Additions

16.7

-

16.7

Lease modifications

-

2.3

2.3

Lease derecognitions

(1.0)

-

(1.0)

Accumulated depreciation

(6.2)

(18.8)

(25.0)

Opening balance

(2.9)

(8.3)

(11.2)

Depreciation

(4.3)

(10.5)

(14.8)

Lease derecognitions

1.0

-

1.0

Carrying value

20.6

28.5

49.1

Lease liabilities

Amounts in R million

Note

2022

2021

Reconciliation of the lease liabilities balance:

Balance at the beginning of the year

54.8

47.1

New leases

9

15.9

16.7

Lease modifications

9

1.2

2.3

Interest charge on lease liabilities

7

4.2

4.5

Repayment of lease liabilities

(19.7)

(11.6)

Interest repaid

(4.1)

(4.2)

Balance at the end of the year

52.3

54.8

Current portion of lease liabilities

(19.5)

(16.9)

Non-current lease liabilities

32.8

37.9

Maturity analysis of undiscounted contractual cash flows:

Less than a year

22.4

20.5

One to five years

35.1

42.0

More than 5 years

2.1

1.3

Total undiscounted lease liabilities at the end of the year

59.6

63.8

Lease payments not recognised as a liability but expensed during the year:

Short-term leases

(2.5)

(1.4)

Leases of low value assets 

(8.6)

(7.7)

Cash flows included in cash generated from operating activities

(11.1)

(9.1)