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RIGHT OF USE ASSETS AND LEASES (Tables)

12 Months Ended

Jun. 30, 2020

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, 2020
	Cost		11.1	45.0	56.1
	Impact of adopting IFRS 16 on July 1, 2019
	Right-of-use assets recognised on July 1, 2019		7.5	23.4	30.9
	Transfers and other movements 1		26.5	-	26.5
	Additions		3.8	14.2	18.0
	Lease modifications		-	7.5	7.5
	Lease derecognitions		(26.7)	(0.1)	(26.8)
	Accumulated depreciation		(2.9)	(8.3)	(11.2)
	Impact of adopting IFRS 16 on July 1, 2019
	Transfers and other movements 1		(15.9)	-	(15.9)
	Depreciation		(4.9)	(8.3)	(13.2)
	Lease derecognitions		17.9	-	17.9
	Carrying value		8.2	36.7	44.9
	1 Relates to contracts previously classified as leases under IAS 17 and presented as property, plant and equipment which the Group has reassessed as right-of-use assets upon adoption of IFRS 16 as of July 1, 2019

Lease liabilities

	Amounts in R million	Note	2020	2019
	Reconciliation of the lease liabilities balance:
	Balance at the beginning of the year		11.0	14.7
	Impact of adopting IFRS 16 on July 1, 2019	9	30.9	-
	New leases	9	18.0	-
	Lease modifications		7.5	-
	Leases derecognised		(8.9)	-
	Interest charge on lease liabilities	7	5.1	2.0
	Repayment of lease liabilities (2019: repayment of finance lease obligations)		(11.4)	(3.7)
	Interest repaid		(5.1)	(2.0)
	Balance at the end of the year		47.1	11.0
	Current portion of lease liabilities		(10.1)	(11.0)
	Non-current lease liabilities		37.0	-
	Maturity analysis of undiscounted contractual cash flows:
	Less than a year		13.0	-
	One to five years		37.0	-
	More than 5 years		9.0	-
	Total undiscounted lease liabilities at June 30, 2020		59.0	-
	Lease payments not recognised as a liability but expensed during the year:
	Short-term leases		2.4	-
	Leases of low value assets		5.0	-
	Cash flows included in cash generated from operating activities		7.4	-

X

- Definition

The disclosure of a maturity analysis of finance lease payments receivable. Finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an underlying asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 16
-IssueDate 2019-01-01
-Paragraph 94
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_94&doctype=Standard
-URIDate 2019-03-27

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X

- Definition

The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 16
-IssueDate 2019-01-01
-Paragraph 53
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_53&doctype=Standard
-URIDate 2019-03-27

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- References

No definition available.

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