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CASH GENERATED FROM OPERATIONS

12 Months Ended

Jun. 30, 2023

Cash flows from (used in) operating activities [abstract]

CASH GENERATED FROM OPERATIONS

CASH GENERATED FROM OPERATIONS


			Amounts in R million			Note			2023			2022			2021

			Profit for the year						1,281.4			1,123.8			1,439.9
			Adjusted for:
			Income tax			18.1			405.0			334.3			523.7
			Depreciation			9			217.5			267.6			252.5

			Movement in gold in process and finished inventories - Gold Bullion			5.1			(10.8)			(30.4)			25.6
			Change in estimate of environmental rehabilitation recognised in profit or loss			11			(7.1)			(2.2)			(12.4)
			Environmental rehabilitation payments to reduce the restoration liabilities			11			(1.3)			(3.3)			(5.8)
			Share based payment expense			5.3			22.0			18.4			(28.3)
			Gain on disposal of property, plant and equipment			5.2			(10.3)			(6.6)			(0.1)
			Insurance claim received/(receivable)			5.2			31.7			(31.7)			—
			Finance income			6			(334.3)			(225.8)			(216.2)
			Finance expense			7			70.7			74.8			69.5
			Other non-cash items						—			3.8			(2.5)

			Operating cash flows before working capital changes						1,664.5			1,522.7			2,045.9

			Changes in:						44.2			62.9			(194.9)
			Trade and other receivables						19.9			25.7			6.9
			Inventories						(13.6)			(18.9)			(44.7)
			Payment made under protest			24			(12.6)			(15.2)			(8.1)
			Trade and other payables and employee benefits						50.5			71.3			(149.0)

			Cash generated by operations						1,708.7			1,585.6			1,851.0