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EMPLOYEE BENEFITS (Tables) | 12 Months Ended
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Jun. 30, 2021
Employee benefits [Abstract] |
Liability for CLTI long term incentives expected to be settled in 12 months | Amounts in R million Note 2021 2020 Movements in the total liability for long-term incentive scheme is as follows: Opening balance 227.6 51.0 Share-based payment (benefit)/expense - CLTI scheme 5.3 (44.3) 218.1 Vested and paid (183.3) (41.5) Liability for CLTI scheme at the end of the year - 227.6 The total liability for long-term incentive scheme is expected to be settled as follows: - 227.6 Within 12 months after reporting date - 227.6 After 12 months after reporting date - -
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Reconciliation of number of shares | Reconciliation of outstanding phantom shares 2021 2020 Weighted Weighted average average Shares price Shares price Number R per share Number R per share Opening balance 9,845,638 16,157,058 Vested and paid (9,845,638) 18.62 (5,674,252) 7.31 Forfeited - - (637,168) 7.08 Closing balance - 9,845,638
Fair value of long term incentive scheme liability | 2021 2020 Grant date 7-day VWAP of the DRDGOLD Limited share - 25.14 2.26 Annualised forward dividend yield - 1.0% 4.3%
Share-based payment expense ELTI scheme | Amounts in R million 2021 2020 2019 Share-based payment expense - ELTI scheme 16.0 6.0 -
TSR performance in relation to percentiles of peer groups performance | Percentile of peers % of performance shares vesting < 25th percentile 0% 25th to < 50th percentile 25% 50th to < 75th percentile 75%
Monte Carlo simulation pricing model and key inputs | Grant date October 22, 2020 December 2, 2019 Vesting date October 22, 2023 December 2, 2022 December 2, 2021 Weighted average fair value of 80% performance shares 1 10.49 4.12 4.26 Weighted average fair value of 20% retention shares 18.67 5.49 5.69 Expected term (years) 3 3 2 Grant date share price of a DRDGOLD share 19.43 6.15 6.15 Expected dividend yield 1.33% 3.81% 3.86% Expected volatility 2 63.07% 53.80% 53.80% Expected risk free rate 3.82% 6.80% 6.68% 1 The performance conditions are included in the measurement of the grant date fair value as they are classified as market-based performance 2 Expected volatility has been based on an evaluation of the historical volatility of DRDGOLD’s share price, commensurate with the expected term of the options
Key management personnel remuneration | Key management personnel remuneration Amounts in R million Note 2021 2020 2019 - Board fees paid 7.6 6.2 5.8 - Salaries paid 75.5 67.3 61.7 - Short term incentives relating to this cycle 73.8 63.6 31.5 - Long term incentives paid during the cycle 19.1 183.3 41.5 15.5 - Retrenchments - - 1.6 340.2 178.6 116.1
Conditional shares [member] |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Reconciliation of number of shares | Reconciliation of the number of conditional shares 2021 2020 Opening balance 5,860,760 - Granted December 2, 2019 - 5,860,760 October 22, 2020 1,979,860 - Closing balance 7,840,620 5,860,760 Vesting on 7,840,620 5,860,760 December 2, 2021 2,930,380 2,930,380 December 2, 2022 2,930,380 2,930,380 October 22, 2023 1,979,860 -

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- Definition The tabular disclosure of liaiblity for long term incentive scheme. + References No definition available. + Details
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- Definition Fair value of long term incentive scheme liability. + References No definition available. + Details
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- Definition The tabular disclosure of liaiblity for long term incentive that expect to settle in 12 months. + References No definition available. + Details
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- Definition The weighted average fair value of the performance and retention shares at grant date were determined using the Monte Carlo simulation pricing model based on key inputs. + References No definition available. + Details
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- Definition Total shareholder's return performance in relation to percentiles of peer groups performance. + References No definition available. + Details
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- Definition The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2020-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2020-en-r&anchor=para_45_b&doctype=Standard -URIDate 2020-01-01 + Details
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- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
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