Right-of-use assets

12 Months Ended

Dec. 31, 2024

15. Right-of-use assets

Accounting policy

Right-of-use assets comprise land and related infrastructure, mining equipment, vehicles and office rentals (included in the mine

development, infrastructure and other asset class) of which none meet the definition of investment property. These right-of-use assets

comprise the initial measurement of the corresponding lease liability, any initial direct costs incurred by the lessee, and an estimate of costs

to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the

underlying asset.

Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses if applicable. The assets are

depreciated over the shorter period of the lease term and useful life of the underlying asset.

If a lease transfers ownership of the underlying asset, or the cost of the right-of-use asset reflects that the Group expects to exercise a

purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the

commencement date of the lease.

See note 29 for additional detail.


Figures in million – SA rand	Notes	2024	2023	2022
Balance at beginning of the year		560	279	222
Additions and modifications		10	164	45
Right-of-use assets acquired on acquisition of subsidiaries	16	3	297	109
Assets derecognised with deemed disposal of interest in joint operation	19	—	(2)	—
Impairment of mining assets	10	(60)	—	—
Depreciation		(109)	(210)	(101)
Transfers and other movements		(244)	15	(2)
Foreign currency translation		(4)	17	6
Balance at end of the year		156	560	279