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OTHER INVESTMENTS (Tables) | 12 Months Ended
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Jun. 30, 2021
Other Investments [abstract] |
Investment in other entities | Amounts in R million Shares % held 1 2021 2020 Listed investments (Fair value hierarchy Level 1): West Wits Mining Limited (" WWM ") 47,812,500 3.5% 43.5 12.0 Total listed investments 43.5 12.0 Unlisted investments (Fair value hierarchy Level 3): Rand Refinery Proprietary Limited (" Rand Refinery ") 44,438 11.3% 119.3 178.4 Rand Mutual Assurance Company Limited B Share Business Fund (" RMA ") 2 12,659 2 1.3% 2 4.1 4.7 Guardrisk Insurance Company Limited (Cell Captive A170) 3 20 3 100.0% 0.1 0.1 Chamber of Mines Building Company Proprietary Limited 42,292 4.5% 0.1 0.1 Total unlisted investments 123.6 183.3 Balance at the end of the year 167.1 195.3 Fair value adjustment on equity instruments at fair value through OCI (28.2) 191.8 Dividends received on equity instruments at fair value through OCI (76.1) (4.3) Rand Refinery (72.3) - RMA (3.8) (4.3) 1 The number and percentage shares held remained unchanged for the prior year with the exception of WWM that issued new shares thereby diluting DRDGOLD's effective shareholding from 5.1 % to 3.5 % 2 The "B Share Business Fund" shares relate to all the businesses of the RMA Group that do not relate to the Compensation for Occupational Injuries and Diseases Act 3 The shares held entitles the holder to 100 % of the residual net equity of Cell Captive A 170 after settlement of the reimbursive right
Fair value of investments | Amounts in R million 2021 2020 Balance at the beginning of the year 178.4 - Fair value adjustment on equity investments at fair value through other comprehensive income (59.1) 178.4 Balance at the end of the year 119.3 178.4
Key observable/unobservable inputs into the model | Amounts in R million Observable/unobservable input Unit 2021 2020 Rand Refinery operations Forecast average gold price Observable input R/kg 847,317 852,098 Forecast average silver price Observable input R/kg 11,751 9,453 Average South African CPI Observable input % 4.4 4.8 South African long-term government bond rate Observable input % 9.5 9.5 Terminal growth rate Unobservable input % 4.4 5.0 Weighted average cost of capital Unobservable input % 15.1 15.1 Investment in Prestige Bullion Discount period Unobservable input years 12 13 Cost of equity Unobservable input % 16.5 13.2
Sensitivity analysis | Input Change in OCI, net of tax Amounts in R million % Increase % Decrease % Increase % Decrease Rand Refinery operations Rand US Dollar exchange rate Observable inputs 1 (1) 3.8 (3.8) Commodity prices (Gold and silver) Observable inputs 1 (1) 3.0 (3.0) Volumes Unobservable inputs 1 (1) 2.6 (2.6) Weighted average cost of capital Unobservable inputs 1 (1) (0.3) 0.3 Minority discount Unobservable inputs 1 (1) (1.2) 1.2 Marketability discount Unobservable inputs 1 (1) (1.2) 1.2 Investment in Prestige Bullion Cost of equity Unobservable inputs 1 (1) (1.5) 1.5 Prestige Bullion dividend forecast Unobservable inputs 1 (1) 0.4 (0.4)

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- Definition The disclosure of the fair value of investments in equity instruments that the entity has designated at fair value through other comprehensive income. [Refer: Investments in equity instruments designated at fair value through other comprehensive income] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 11A -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_11A_c&doctype=Standard -URIDate 2020-01-01 + Details
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