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OPERATING SGEMENTS (Tables) | 12 Months Ended
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Jun. 30, 2020
Operating Segments [abstract] |
Disclosure of operating segments Explanatory |
|  |  |  | Other |
| 2020 |  |  | reconciling |
| Amounts in R million | Ergo | FWGR | items | Total
| Financial performance |  |  |  |
| Revenue (External) | 3,064.3 | 1,120.7 | - | 4,185.0
| Cash operating costs | (2,274.0) | (352.0) | - | (2,626.0)
| Movement in gold in process and finished inventories - Gold Bullion | 1.8 | 1.3 | - | 3.1
| Operating profit | 792.1 | 770.0 | - | 1,562.1
| Administration expenses and other costs | (131.6) | (20.7) | (157.6) | (309.9)
| Interest income 1 | 13.9 | 2.9 | 50.6 | 67.4
| Interest expense 2 | (5.2) | - | (4.5) | (9.7)
| Current tax | (145.8) | (117.4) | - | (263.2)
| Working profit/(loss) before additions to property, plant and equipment | 523.4 | 634.8 | (111.5) | 1,046.7
| Additions to property, plant and equipment | (114.4) | (68.0) | (0.3) | (182.7)
| Working profit/(loss) after additions to property, plant and equipment | 409.0 | 566.8 | (111.8) | 864.0
| 1 Interest income excludes the unwinding of the Payments made under protest
| 2 Interest expense excludes the discount recognised on the initial recognition of the Payments made under protest
| Reconciliation of profit/(loss) for the year to working profit/(loss) before additions to property, plant and equipment |  |  |  |
| Profit/(loss) for the year | 297.1 | 424.9 | (87.0) | 635.0
| - Deferred tax | (6.6) | 86.5 | 0.8 | 80.7
| - Net other operating costs/(income) | 51.5 | 14.8 | (24.5) | 41.8
| - Ongoing rehabilitation expenditure | 22.3 | 2.0 | - | 24.3
| - Discount recognised on Payments made under protest including subsequent unwinding | 3.2 | - | - | 3.2
| - Unwinding of provision for environmental rehabilitation | 36.5 | 14.3 | 1.2 | 52.0
| - Growth in investment in environmental obligation funds | (11.2) | (25.2) | (2.1) | (38.5)
| - Other income | (0.7) | - | - | (0.7)
| - Change in estimate of environmental rehabilitation recognised in profit or loss | (19.1) | (2.1) | (0.7) | (21.9)
| - Depreciation | 150.4 | 119.6 | 0.8 | 270.8
| Working profit/(loss) before additions to property, plant and equipment | 523.4 | 634.8 | (111.5) | 1,046.7
| Statement of cash flows |  |  |  |
| Cash inflows from operating activities | 546.1 | 563.1 | 19.7 | 1,128.9
| Cash outflows from investing activities | (135.7) | (60.1) | (6.7) | (202.5)
| Cash (outflows)/inflows from financing activities | (405.5) | (500.8) | 1,415.5 | 509.2
| Reconciliation of adjusted EBITDA |  |  |  |
| Profit for the year |  |  |  | 635.0
| Income tax |  |  |  | 343.9
| Profit before tax |  |  |  | 978.9
| Finance expense |  |  |  | 68.8
| Finance income |  |  |  | (109.8)
| Results from operating activities |  |  |  | 937.9
| Depreciation |  |  |  | 270.8
| Share-based payment expense |  |  |  | 224.1
| Change in estimate of environmental rehabilitation recognised in profit or loss |  |  |  | (21.9)
| Gain on disposal of property, plant and equipment |  |  |  | (0.7)
| Transaction costs |  |  |  | 1.4
| Adjusted EBITDA 1 |  |  |  | 1,411.6
| 1 Adjusted EBITDA (that was considered from the year ended 30 June 2019 following the initial RCF agreement) may not be comparable to similarly titled measures of other companies. Adjusted EBITDA is not a measure of performance under IFRS and should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity.
|  |  |  | Other |
| 2019 |  |  | reconciling |
| Amounts in R million | Ergo | FWGR | items | Total
| Financial performance |  |  |  |
| Revenue (External) | 2,577.5 | 184.6 | - | 2,762.1
| Cash operating costs | (2,311.1) | (111.8) | - | (2,422.9)
| Movement in gold in process and finished inventories - Gold Bullion | 16.4 | 16.2 | - | 32.6
| Operating profit | 282.8 | 89.0 | - | 371.8
| Retrenchment costs | (1.6) | (4.7) | - | (6.3)
| Administration expenses and other costs | (12.0) | (2.3) | (76.6) | (90.9)
| Interest income 1 | 6.5 | - | 10.4 | 16.9
| Interest expense 2 | (2.4) | - | (3.2) | (5.6)
| Current tax | 1.6 | - | - | 1.6
| Working profit/(loss) before additions to property, plant and equipment | 274.9 | 82.0 | (69.4) | 287.5
| Additions to property, plant and equipment | (22.8) | (330.7) | (0.2) | (353.7)
| Working profit/(loss) after additions to property, plant and equipment | 252.1 | (248.7) | (69.6) | (66.2)
| 1 Interest income excludes the unwinding of the Payments made under protest
| 2 Interest expense excludes the discount recognised on the initial recognition of the Payments made under protest
| Reconciliation of profit/(loss) for the year to working profit/(loss) before additions to property, plant and equipment |  |  |  |
| Profit/(loss) for the year | 82.3 | 28.7 | (32.5) | 78.5
|  | - | - | - | -
| - Deferred tax | 16.2 | 13.4 | (1.4) | 28.2
| - Net other operating costs/(income) | 40.2 | 15.4 | (25.7) | 29.9
| - Ongoing rehabilitation expenditure | 16.6 | 1.7 | - | 18.3
| - Discount recognised on Payments made under protest including subsequent unwinding | 3.5 | - | - | 3.5
| - Unwinding of provision for environmental rehabilitation | 45.4 | 19.6 | 1.3 | 66.3
| - Growth in investment in environmental obligation funds | (11.3) | (22.5) | (4.6) | (38.4)
| - Other income | (2.2) | - | (5.7) | (7.9)
| - Change in estimate of environmental rehabilitation recognised in profit or loss | (58.6) | - | (1.4) | (60.0)
| - Depreciation | 142.8 | 25.7 | 0.6 | 169.1
|  | - | - | - | -
| Working profit/(loss) before additions to property, plant and equipment | 274.9 | 82.0 | (69.4) | 287.5
| Statement of cash flows |  |  |  |
| Cash inflows/(outflows) from operating activities | 221.7 | 89.3 | (22.7) | 288.3
| Cash (outflows)/inflows from investing activities | (39.4) | (324.4) | 60.8 | (303.0)
| Cash (outflows)/inflows from financing activities | (291.7) | 236.7 | 47.1 | (7.9)
| Reconciliation of adjusted EBITDA |  |  |  |
| Profit for the year |  |  |  | 78.5
| Income tax |  |  |  | 26.6
| Profit before tax |  |  |  | 105.1
| Finance expense |  |  |  | 78.4
| Finance income |  |  |  | (58.3)
| Results from operating activities |  |  |  | 125.2
| Depreciation |  |  |  | 169.1
| Share-based payment expense |  |  |  | 21.4
| Change in estimate of environmental rehabilitation recognised in |  |  |  |
| profit or loss |  |  |  | (60.0)
| Gain on financial instruments at fair value through profit or loss |  |  |  | (2.1)
| Gain on disposal of property, plant and equipment |  |  |  | (5.8)
| Retrenchment costs |  |  |  | 6.3
|  | - | - | - | -
| Adjusted EBITDA 1 |  |  |  | 254.1
| 1 Adjusted EBITDA (that was considered from the year ended 30 June 2019 following the initial RCF agreement) may not be comparable to similarly titled measures of other companies. Adjusted EBITDA is not a measure of performance under IFRS and should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity.
|  |  | Other |
| 2018 |  | reconciling |
| Amounts in R million | Ergo | items | Total
| Financial performance |  |  |
| Revenue (External) | 2,490.4 | - | 2,490.4
| Cash operating costs | (2,159.7) | - | (2,159.7)
| Movement in gold in process and finished inventories - Gold Bullion | 24.5 | - | 24.5
| Operating profit | 355.2 | - | 355.2
| Administration expenses and other costs 1 | (11.5) | (78.6) | (90.1)
| Interest income 2 | 9.5 | 12.3 | 21.8
| Interest expense 3 | (3.1) | (1.0) | (4.1)
| Current tax | (2.9) | (3.5) | (6.4)
| Working profit/(loss) before additions to property, plant and equipment | 347.2 | (70.8) | 276.4
| Additions to property, plant and equipment | (125.2) | (0.9) | (126.1)
|  | - | - | -
| Working profit/(loss) after additions to property, plant and equipment | 222.0 | (71.7) | 150.3
| 1 Administration expenses and general costs excludes loss on disposal of property, plant and equipment
| 2 Interest income excludes the unwinding of the Payments made under protest
| 3 Interest expense excludes the discount recognised on the initial recognition of the Payments made under protest
| Reconciliation of profit/(loss) for the year to working profit/(loss) before additions to property, plant and equipment |  |  |
| Profit/(loss) for the year | 53.3 | (46.8) | 6.5
| - Deferred tax | 23.2 | (3.7) | 19.5
| - Net other operating (costs)/income | 36.2 | (15.6) | 20.6
| - Ongoing rehabilitation expenditure | 26.7 | - | 26.7
| - Discount recognised on Payments made under protest including subsequent unwinding | 8.1 | - | 8.1
| - Unwinding of provision for environmental rehabilitation | 44.3 | 1.3 | 45.6
| - Loss on disposal of property, plant and equipment | 0.6 | - | 0.6
| - Growth in environmental rehabilitation obligation funds | (10.1) | (6.2) | (16.3)
| - Change in estimate of provision for environmental rehabilitation recognised in profit or loss | (2.5) | (0.4) | (2.9)
| - Depreciation | 167.4 | 0.6 | 168.0
| Working profit/(loss) before additions to property, plant and equipment | 347.2 | (70.8) | 276.4
| Statement of cash flows |  |  |
| Cash inflows/(outflows) from operating activities | 285.3 | (51.5) | 233.8
| Cash outflows from investing activities | (140.2) | (0.2) | (140.4)
| Cash outflows from financing activities | (2.8) | (42.2) | (45.0)

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