XML 247 R46.htm IDEA: XBRL DOCUMENT v3.20.1
Segment reporting (Tables)
 12 Months Ended
Dec. 31, 2019
Segment reporting  
Schedule of segment reporting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Figures in million - SA rand

Group

Total

US PGM

operations

Stillwater

Total Southern Africa

Total
SA PGM
operations

Rusten-
burg
operation

Marikana1

Kroondal

Platinum
Mile

Mimosa

Corporate
and re-
conciling
items2

Total
SA gold
operations

Drie-fontein

Kloof

Beatrix

Cooke

DRD-GOLD

Corporate
and re-
conciling
items2

Group
Corporate and reconciling items

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

72,925.4

26,864.5

46,222.6

27,578.4

10,499.5

11,187.9

5,590.4

300.6

2,342.6

(2,342.6)

18,644.2

3,303.1

6,808.5

3,798.2

828.4

3,621.0

285.0

(161.7)

Underground

51,528.2

12,343.3

39,346.6

26,616.5

9,901.1

11,125.0

5,590.4

 -

2,342.6

(2,342.6)

12,730.1

3,301.4

5,552.4

3,576.9

21.2

 -

278.2

(161.7)

Surface

6,876.0

 -

6,876.0

961.9

598.4

62.9

 -

300.6

 -

 -

5,914.1

1.7

1,256.1

221.3

807.2

3,621.0

6.8

 -

Recycling

14,521.2

14,521.2

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

Cost of sales, before amortisation and depreciation

(56,100.4)

(19,569.4)

(36,531.0)

(18,196.7)

(6,466.9)

(8,439.9)

(3,076.3)

(213.6)

(1,336.3)

1,336.3

(18,334.3)

(4,438.6)

(6,872.9)

(3,669.2)

(617.3)

(2,736.3)

 -

 -

Underground

(36,520.3)

(5,600.8)

(30,919.5)

(17,207.9)

(5,691.7)

(8,439.9)

(3,076.3)

 -

(1,336.3)

1,336.3

(13,711.6)

(4,428.6)

(5,741.1)

(3,525.3)

(16.6)

 -

 -

 -

Surface

(5,611.5)

 -

(5,611.5)

(988.8)

(775.2)

 -

 -

(213.6)

 -

 -

(4,622.7)

(10.0)

(1,131.8)

(143.9)

(600.7)

(2,736.3)

 -

 -

Recycling

(13,968.6)

(13,968.6)

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

Net other cash costs3

(1,869.0)

(4.2)

(1,864.8)

(585.5)

(156.1)

(299.9)

(103.4)

(25.3)

(8.0)

7.2

(1,279.3)

(197.6)

(152.7)

(179.8)

(568.6)

(30.7)

(149.9)

 -

Adjusted EBITDA

14,956.0

7,290.9

7,826.8

8,796.2

3,876.5

2,448.1

2,410.7

61.7

998.3

(999.1)

(969.4)

(1,333.1)

(217.1)

(50.8)

(357.5)

854.0

135.1

(161.7)

Amortisation and depreciation

(7,214.1)

(2,285.6)

(4,928.5)

(1,919.0)

(914.4)

(500.4)

(494.8)

(4.8)

(218.7)

214.1

(3,009.5)

(920.5)

(1,200.9)

(640.0)

(15.1)

(172.1)

(60.9)

 -

Interest income

560.4

145.2

415.2

145.8

44.6

30.9

67.1

1.3

2.2

(0.3)

269.4

60.1

53.0

31.4

39.8

64.5

20.6

 -

Finance expense

(3,302.5)

(920.7)

(2,381.8)

(704.2)

(1,407.5)

(282.4)

(146.9)

 -

(21.8)

1,154.4

(1,677.6)

(242.8)

(242.9)

(141.1)

(73.7)

(73.0)

(904.1)

 -

Share-based payments

(363.3)

(53.4)

(309.9)

 -

 -

 -

 -

 -

 -

 -

(309.9)

 -

 -

 -

 -

(64.2)

(245.7)

 -

Net other4

(4,925.8)

8.3

(4,934.1)

(1,513.2)

(11,381.8)

12.9

(0.3)

1.1

(137.2)

9,992.1

(3,420.9)

17.5

31.0

13.4

(113.9)

81.6

(3,450.5)

 -

Non-underlying items5

(567.0)

(74.6)

(492.4)

258.8

2.4

212.7

44.8

 -

(27.5)

26.4

(751.2)

(169.5)

(35.1)

(112.4)

(6.9)

4.3

(431.6)

 -

Royalties and carbon tax

(443.9)

 -

(443.9)

(358.2)

(296.1)

(54.5)

(7.6)

 -

(77.1)

77.1

(85.7)

(16.6)

(34.2)

(30.8)

(4.1)

 -

 -

 -

Current taxation

(1,848.7)

(481.3)

(1,367.4)

(1,303.7)

(780.3)

13.3

(536.0)

 -

(135.5)

134.8

(63.7)

(22.7)

(5.5)

(13.3)

 -

(69.1)

46.9

 -

Deferred taxation

3,581.7

1,436.3

2,145.4

14.1

30.0

 -

(0.7)

(16.5)

(5.6)

6.9

2,131.3

74.8

150.4

89.9

 -

(129.9)

1,946.1

 -

Profit/(loss) for the year

432.8

5,065.1

(4,470.6)

3,416.6

(10,826.6)

1,880.6

1,336.3

42.8

377.1

10,606.4

(7,887.2)

(2,552.8)

(1,501.3)

(853.7)

(531.4)

496.1

(2,944.1)

(161.7)

Attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owners of the parent

62.1

5,065.1

(4,841.3)

3,355.0

(10,826.6)

1,821.6

1,336.3

39.3

377.1

10,607.3

(8,196.3)

(2,552.8)

(1,501.3)

(853.7)

(531.4)

188.7

(2,945.8)

(161.7)

Non-controlling interest holders

370.7

 -

370.7

61.6

 -

59.0

 -

3.5

 -

(0.9)

309.1

 -

 -

 -

 -

307.4

1.7

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sustaining capital expenditure

(2,039.3)

(321.7)

(1,717.6)

(1,203.2)

(316.3)

(660.4)

(212.8)

(13.3)

(343.1)

342.7

(514.4)

(163.0)

(238.1)

(70.5)

 -

(42.8)

 -

 -

Ore reserve development

(3,401.9)

(1,036.2)

(2,365.7)

(1,029.2)

(500.6)

(528.6)

 -

 -

 -

 -

(1,336.5)

(512.9)

(590.4)

(233.2)

 -

 -

 -

 -

Growth projects

(2,264.9)

(2,035.0)

(229.9)

(15.2)

(1.8)

 -

 -

(13.4)

 -

 -

(214.7)

 -

(108.9)

(2.1)

 -

(39.0)

(64.7)

 -

Total capital expenditure

(7,706.1)

(3,392.9)

(4,313.2)

(2,247.6)

(818.7)

(1,189.0)

(212.8)

(26.7)

(343.1)

342.7

(2,065.6)

(675.9)

(937.4)

(305.8)

 

(81.8)

(64.7)

 -

1 The SA PGM operations’ results for the year ended 31 December 2019 include Marikana for the seven months since acquisition (refer to note 14.1)

2 Corporate and reconciling items represents the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue. Corporate includes net revenue generated through the Wheaton Stream settlement mechanism

3 Net other cash costs consist of care and maintenance, strike cost and other costs as detailed in profit or loss. Lease payments are included in net other cash costs to conform with the adjusted EBITDA reconciliation disclosed in note 26.9

4 Net other consists of gain on financial instruments, gain on foreign exchange differences, and change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable as detailed in profit or loss. Corporate and reconciling items net other includes the share of results of equity-accounted investees after tax as detailed in profit or loss

5 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, gain on acquisition, occupational healthcare expense, restructuring costs and transaction costs as detailed in profit or loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Figures in million - SA rand

Group

Total

US PGM

operations

Stillwater

Total Southern Africa

Total
SA PGM
operations

Kroondal

Platinum
Mile

Mimosa

Rusten-
burg
operation

Corporate
and re-
conciling
items2

Total
SA gold
operations

Drie-fontein

Kloof

Beatrix

Cooke

DRD-GOLD1

Corporate
and re-
conciling
items2

Group
Corporate and reconciling items

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

50,656.4

15,872.8

34,810.3

15,153.6

3,584.4

196.7

1,857.5

11,372.5

(1,857.5)

19,656.7

5,111.2

8,131.7

4,601.3

841.8

1,047.5

(76.8)

(26.7)

Underground

38,605.7

8,430.1

30,202.3

14,045.1

3,584.4

 -

1,857.5

10,460.7

(1,857.5)

16,157.2

4,782.4

6,937.9

4,467.8

45.9

 -

(76.8)

(26.7)

Surface

4,608.0

 -

4,608.0

1,108.5

 -

196.7

 -

911.8

 -

3,499.5

328.8

1,193.8

133.5

795.9

1,047.5

 -

 -

Recycling

7,442.7

7,442.7

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

Cost of sales, before amortisation and depreciation

(41,515.2)

(11,720.9)

(29,794.3)

(12,096.0)

(2,739.4)

(152.7)

(1,235.7)

(9,203.9)

1,235.7

(17,698.3)

(5,709.3)

(6,364.8)

(3,910.8)

(693.4)

(1,020.0)

 -

 -

Underground

(30,248.7)

(4,524.4)

(25,724.3)

(11,131.4)

(2,739.4)

 -

(1,235.7)

(8,392.0)

1,235.7

(14,592.9)

(5,386.7)

(5,352.2)

(3,841.0)

(13.0)

 -

 -

 -

Surface

(4,070.0)

 -

(4,070.0)

(964.6)

 -

(152.7)

 -

(811.9)

 -

(3,105.4)

(322.6)

(1,012.6)

(69.8)

(680.4)

(1,020.0)

 -

 -

Recycling

(7,196.5)

(7,196.5)

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

Net other cash costs3

(771.8)

 -

(771.8)

(175.8)

(52.7)

(1.2)

(6.7)

(121.1)

5.9

(596.0)

(50.2)

(44.8)

(37.2)

(573.4)

8.7

100.9

 -

Adjusted EBITDA

8,369.4

4,151.9

4,244.2

2,881.8

792.3

42.8

615.1

2,047.5

(615.9)

1,362.4

(648.3)

1,722.1

653.3

(425.0)

36.2

24.1

(26.7)

Amortisation and depreciation

(6,613.8)

(2,234.4)

(4,379.4)

(1,074.4)

(370.4)

(3.0)

(191.6)

(697.1)

187.7

(3,305.0)

(1,200.9)

(1,378.8)

(635.3)

(5.7)

(57.9)

(26.4)

 -

Interest income

482.1

83.2

398.9

83.5

60.3

1.3

0.1

20.2

1.6

315.4

94.3

72.0

40.0

41.7

26.1

41.3

 -

Finance expense

(3,134.7)

(1,797.1)

(1,177.3)

(422.4)

(130.5)

 -

(13.0)

(1,890.6)

1,611.7

(754.9)

(234.9)

(245.9)

(143.6)

(78.1)

(33.0)

(19.4)

(160.3)

Share-based payments

(299.4)

(35.7)

(263.7)

 -

 -

 -

 -

 -

 -

(263.7)

(0.2)

 -

 -

 -

(3.2)

(260.3)

 -

Net other4

3,284.0

68.8

3,215.2

726.3

137.6

0.7

(9.2)

4,348.0

(3,750.8)

2,488.9

(362.8)

(110.3)

(57.8)

(106.2)

(419.1)

3,545.1

 -

Non-underlying items5

(3,311.9)

(210.7)

(3,101.2)

(29.7)

0.4

 -

 -

(30.7)

0.6

(3,071.5)

(2,157.6)

27.2

(156.6)

(50.6)

(4.6)

(729.3)

 -

Royalties

(212.6)

 -

(212.6)

(162.0)

(5.5)

 -

(57.6)

(156.5)

57.6

(50.6)

1.4

(29.0)

(18.8)

(4.2)

 -

 -

 -

Current taxation

(95.3)

238.3

(333.6)

(278.5)

 -

 -

(103.4)

(277.4)

102.3

(55.1)

63.9

(75.3)

5.5

0.8

(3.0)

(47.0)

 -

Deferred taxation

(988.5)

(1,795.7)

807.2

(192.6)

(168.9)

(9.2)

(29.9)

(15.5)

30.9

999.8

922.9

313.1

127.8

 -

(132.0)

(232.0)

 -

(Loss)/profit for the year

(2,520.7)

(1,531.4)

(802.3)

1,532.0

315.3

32.6

210.5

3,347.9

(2,374.3)

(2,334.3)

(3,522.2)

295.1

(185.5)

(627.3)

(590.5)

2,296.1

(187.0)

Attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owners of the parent

(2,499.6)

(1,531.4)

(781.2)

1,529.3

315.3

29.9

210.5

3,347.9

(2,374.3)

(2,310.5)

(3,522.2)

295.1

(185.5)

(627.3)

(565.8)

2,295.2

(187.0)

Non-controlling interest holders

(21.1)

 -

(21.1)

2.7

 -

2.7

 -

 -

 -

(23.8)

 -

 -

 -

 -

(24.7)

0.9

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sustaining capital expenditure

(1,271.2)

(260.2)

(1,011.0)

(464.4)

(141.4)

(9.5)

(170.9)

(313.5)

170.9

(546.6)

(228.1)

(220.6)

(82.6)

 -

(14.5)

(0.8)
0

Ore reserve development

(3,530.4)

(998.9)

(2,531.5)

(477.9)

 -

 -

 -

(477.9)

 -

(2,053.6)

(817.1)

(839.6)

(396.9)

 -

 -

 -

 -

Growth projects

(2,279.2)

(1,574.0)

(705.2)

(57.7)

 -

(57.1)

 -

(0.6)

 -

(647.5)

(0.4)

(141.8)

(1.7)

 -

(303.3)

(200.3)

 -

Total capital expenditure

(7,080.8)

(2,833.1)

(4,247.7)

(1,000.0)

(141.4)

(66.6)

(170.9)

(792.0)

170.9

(3,247.7)

(1,045.6)

(1,202.0)

(481.2)

 -

(317.8)

(201.1)

 -

1 DRDGOLD’s performance is for five months ended 31 December 2018 since acquisition

2 Corporate and reconciling items represents the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue. Corporate includes net revenue generated through the Wheaton Stream settlement mechanism

3 Net other cash costs consist of care and maintenance, strike costs and other costs as detailed in profit or loss

4 Net other costs consists of gain on financial instruments, gain on foreign exchange differences, change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable, and other income. Corporate and reconciling items net other costs includes the share of results of equity-accounted investees after tax as detailed in profit or loss

5 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, gain on derecognition of borrowings and derivative financial instrument, occupational healthcare expense, restructuring costs, and transaction costs as detailed in profit or loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Figures in million - SA rand

Group

Total

US PGM

operations2

Stillwater

Total Southern Africa

Total
SA PGM
operations

Kroondal

Platinum
Mile

Mimosa

Rusten-
burg
operation

Corporate and re- conciling items1

Total
SA gold
operations

Driefontein

Kloof

Beatrix

Cooke

Corporate and re- conciling items1

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

45,911.6

9,161.6

36,750.0

13,276.4

2,861.5

194.1

1,687.7

10,220.8

(1,687.7)

23,473.6

8,076.9

8,845.1

4,875.8

1,676.5

(0.7)

Underground

37,790.3

4,622.3

33,168.0

12,024.8

2,861.5

 -

1,687.7

9,163.3

(1,687.7)

21,143.2

7,148.1

7,985.3

4,753.1

1,257.4

(0.7)

Surface

3,582.0

 -

3,582.0

1,251.6

 -

194.1

 -

1,057.5

 -

2,330.4

928.8

859.8

122.7

419.1

 -

Recycling

4,539.3

4,539.3

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

Cost of sales, before amortisation and depreciation

(36,482.7)

(7,011.7)

(29,471.0)

(11,591.8)

(2,395.9)

(129.8)

(1,200.5)

(9,066.1)

1,200.5

(17,879.2)

(6,203.5)

(5,762.7)

(3,952.5)

(1,960.5)

 -

Underground

(29,345.3)

(2,634.8)

(26,710.5)

(10,678.3)

(2,395.9)

 -

(1,200.5)

(8,282.4)

1,200.5

(16,032.2)

(5,488.9)

(5,109.5)

(3,852.1)

(1,581.7)

 -

Surface

(2,760.5)

 -

(2,760.5)

(913.5)

 -

(129.8)

 -

(783.7)

 -

(1,847.0)

(714.6)

(653.2)

(100.4)

(378.8)

 -

Recycling

(4,376.9)

(4,376.9)

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

Net other cash costs3

(383.8)

(7.3)

(376.5)

(90.6)

(34.7)

(12.6)

34.2

(41.8)

(35.7)

(285.9)

(32.4)

(37.9)

(13.3)

(243.4)

41.1

Adjusted EBITDA

9,045.1

2,142.6

6,902.5

1,594.0

430.9

51.7

521.4

1,112.9

(522.9)

5,308.5

1,841.0

3,044.5

910.0

(527.4)

40.4

Amortisation and depreciation

(5,699.7)

(1,431.4)

(4,268.3)

(760.8)

(239.0)

(2.6)

(211.7)

(514.7)

207.2

(3,507.5)

(1,126.5)

(1,404.5)

(696.2)

(256.4)

(23.9)

Interest income

415.5

51.8

363.7

158.0

57.0

2.1

8.8

96.6

(6.5)

205.7

77.6

71.1

18.4

12.5

26.1

Finance expense

(2,971.8)

(1,454.1)

(1,517.7)

(335.5)

(90.7)

 -

(10.0)

(244.9)

10.1

(1,182.2)

(220.9)

(246.9)

(128.4)

(76.7)

(509.3)

Share-based payments

(231.9)

(4.9)

(227.0)

 -

 -

 -

 -

 -

 -

(227.0)

(2.8)

(1.8)

(1.3)

 -

(221.1)

Net other4

(779.1)

(23.1)

(756.0)

(1,052.5)

(181.7)

0.7

(11.0)

(893.1)

32.6

296.5

24.1

23.4

(34.7)

(76.9)

360.6

Non-underlying items5

(6,759.1)

(70.9)

(6,688.2)

(152.4)

(9.0)

 -

 -

(134.9)

(8.5)

(6,535.8)

(74.9)

(50.4)

(675.3)

(3,664.7)

(2,070.5)

Royalties

(398.5)

 -

(398.5)

(73.2)

(5.6)

 -

(60.4)

(67.6)

60.4

(325.3)

(77.8)

(189.3)

(44.5)

(13.7)

 -

Current taxation

(504.2)

(98.9)

(405.3)

(19.9)

 -

(9.3)

(59.3)

(10.0)

58.7

(385.4)

(14.8)

(350.1)

(12.4)

 -

(8.1)

Deferred taxation

3,450.8

2,917.0

533.8

(15.4)

(24.8)

(4.3)

(2.8)

12.7

3.8

549.2

(12.0)

61.4

245.3

1.5

253.0

Loss for the year

(4,433.1)

2,028.1

(6,461.2)

(657.7)

(62.9)

38.3

175.0

(643.0)

(165.1)

(5,803.5)

412.8

957.4

(419.1)

(4,601.8)

(2,152.8)

Attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owners of the parent

(4,437.4)

2,028.1

(6,465.5)

(660.9)

(62.9)

35.1

175.0

(643.0)

(165.1)

(5,804.6)

412.8

957.4

(419.1)

(4,601.8)

(2,153.9)

Non-controlling interest holders

4.3

 -

4.3

3.2

 -

3.2

 -

 -

 -

1.1

 -

 -

 -

 -

1.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sustaining capital expenditure

(1,325.6)

(226.9)

(1,098.7)

(567.6)

(190.5)

(11.0)

(222.5)

(366.1)

222.5

(531.1)

(235.0)

(210.2)

(63.1)

(8.5)

(14.3)

Ore reserve development

(3,291.6)

(538.6)

(2,753.0)

(465.0)

 -

 -

 -

(465.0)

 -

(2,288.0)

(876.1)

(876.2)

(482.0)

(53.7)

 -

Growth projects

(1,481.6)

(888.3)

(593.3)

(2.3)

 -

(2.3)

 -

 -

 -

(591.0)

(44.4)

(147.1)

(0.5)

(11.7)

(387.3)

Total capital expenditure

(6,098.8)

(1,653.8)

(4,445.0)

(1,034.9)

(190.5)

(13.3)

(222.5)

(831.1)

222.5

(3,410.1)

(1,155.5)

(1,233.5)

(545.6)

(73.9)

(401.6)

1 Corporate and reconciling items represents the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue

2 Stillwater’s performance is for eight months ended 31 December 2017 since acquisition

3 Net other cash costs consist of care and maintenance and other costs as detailed in profit or loss

4 Net other costs consists of loss on financial instruments, gain on foreign exchange differences, change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable, and other income. Corporate and reconciling items net other costs includes the share of results of equity-accounted investees after tax as detailed in profit or loss

5 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, occupational healthcare expense, restructuring costs, and transaction costs as detailed in profit or loss