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Note 32 - Operating Segments
 12 Months Ended
Dec. 31, 2017
Statement Line Items [Line Items]  
Disclosure of entity's operating segments [text block]
32
Operating Segments
 
The Group's operating segments have been identified based on geographic areas.
The strategic business units are managed separately because they require different technology and marketing strategies. For each of the strategic business units, the Group’s CEO reviews internal management reports on at least a quarterly basis. Zimbabwe and South Africa describe the operations of the Group's reportable segments. The Zimbabwe operating segment comprise Caledonia Holdings Zimbabwe Limited and subsidiaries. The South Africa geographical segment comprise a gold mine, that is on care and maintenance, as well as sales made by Caledonia Mining South Africa Proprietary Limited to the Blanket Mine. The holding company and Greenstone Management Services Holdings Limited (UK) responsible for administrative functions within the group are taken into consideration in the strategic decision-making process of the CEO and are therefore included in the disclosure below. Corporate and other reconciling amounts do
not
represent a separate segment. Information regarding the results of each reportable segment is included below. Performance is measured based on segment profit before income tax, as included in the internal management report that are reviewed by the Group's CEO. Segment profit is used to measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries.
 
Information about reportable segments 2017   Zimbabwe     South Africa     Inter-group eliminations adjustments     Corporate and other reconciling amounts     Total  
Revenue    
69,762
      
-
      
-
      
-
      
69,762
  
Inter-segmental revenue    
-
      
15,247
      
(15,061
 )    
(186
 )    
-
  
Royalties    
(3,498
 )    
-
      
-
      
-
      
(3,498
 )
Production costs    
(36,753
 )    
(14,751
 )    
15,324
      
-
      
(36,180
 )
Depreciation    
(4,019
 )    
(53
 )    
309
      
-
      
(3,763
 )
Management fee
*
    
(3,960
 )    
3,960
      
-
      
-
      
-
  
Other income    
2,358
      
205
      
-
      
31
      
2,594
  
Other expenses    
-
      
(195
 )    
-
      
-
      
(195
 )
Administrative expenses    
(40
 )    
(2,258
 )    
-
      
(3,613
 )    
(5,911
 )
Cash settled share-based payment expense    
(581
 )    
-
      
-
      
(395
 )    
(976
 )
Equity-settled share-based payment expense    
(806
 )    
-
      
-
      
(29
 )    
(835
 )
Net Foreign exchange gain    
(375
 )    
207
      
-
      
(212
 )    
(380
 )
Net finance cost    
(69
 )    
10
      
-
      
28
      
(31
 )
Profit before tax    
22,019
      
2,372
      
572
      
(4,376
 )    
20,587
  
Tax expense    
(7,587
 )    
(1,104
 )    
-
      
-
      
(8,691
 )
Profit for the year    
14,432
      
1,268
      
572
      
(4,376
 )    
11,896
  
 
* Of the management fee
$561
was receivable and payable at year end (
2016:
$641;
2015:
$280
).
 
 
 
Information about reportable segments 2017   Zimbabwe     South Africa     Inter-group elimination adjustments     Corporate and other reconciling amounts     Total  
Geographic segment assets:
                                       
Current (excluding intercompany)    
20,368
      
2,766
      
(60
 )    
4,839
      
27,913
  
Non-current (excluding intercompany)    
82,798
      
381
      
(1,076
 )    
40
      
82,143
  
Expenditure on property, plant and equipment    
21,007
      
(7
 )    
(51
 )    
-
      
20,949
  
Intercompany balances    
-
      
8,021
      
(58,087
 )    
50,066
      
-
  
                                         
Geographic segment liabilities
                                       
Current (excluding intercompany)    
(13,969
 )    
(1,276
 )    
-
      
(357
 )    
(15,602
 )
Non-current (excluding intercompany)    
(23,041
 )    
(714
 )    
293
      
(1,781
 )    
(25,243
 )
Intercompany balances    
(2,720
 )    
(32,724
 )    
58,087
      
(22,643
 )    
-
  
 
Information about reportable segments 2016   Zimbabwe     South Africa     Inter-group eliminations adjustments     Corporate and other reconciling amounts     Total  
Revenue    
61,992
      
-
      
-
      
-
      
61,992
  
Inter-segmental revenue    
-
      
11,873
      
(11,348
 )    
(525
 )    
-
  
Royalties    
(2,923
 )    
-
      
-
      
-
      
(2,923
 )
Production costs    
(33,081
 )    
(10,185
 )    
11,180
      
-
      
(32,086
 )
Depreciation    
(3,733
 )    
(47
 )    
289
      
-
      
(3,491
 )
Management fee    
(3,960
 )    
3,960
      
-
      
-
      
-
  
Other income    
1,194
      
16
      
-
      
120
      
1,330
  
Other expenses    
(55
 )    
-
      
-
      
-
      
(55
 )
Administrative expenses    
(128
 )    
(3,119
 )    
674
      
(4,690
 )    
(7,263
 )
Share-based payment expenses    
(342
 )    
(106
 )    
-
      
(340
 )    
(788
 )
Net Foreign exchange gain    
2
      
(529
 )    
-
      
22
      
(505
 )
Margin call on hedge    
-
      
-
      
-
      
(435
 )    
(435
 )
Net finance cost    
(191
 )    
15
      
-
      
-
      
(176
 )
Sale of Blanket Mine treasury    
3,202
      
-
      
-
      
-
      
3,202
  
Profit before tax    
21,977
      
1,878
      
795
      
(5,848
 )    
18,802
  
Tax expense    
(6,795
 )    
(922
 )    
-
      
-
      
(7,717
 )
Profit for the year    
15,182
      
956
      
795
      
(5,848
 )    
11,085
  
 
 
 
Information about reportable segments 2016   Zimbabwe     South Africa     Intergroup elimination adjustment     Corporate and other reconciling amounts     Total  
Geographic segment assets:
                                       
Current    
19,501
      
1,616
      
(375
 )    
5,050
      
25,792
  
Non-current (excluding intercompany)    
65,824
      
388
      
(1,335
 )    
40
      
64,917
  
Additions to property, plant and equipment    
19,000
      
36
      
123
      
-
      
19,159
  
Intercompany balances    
-
      
7,080
      
(49,951
 )    
42,871
      
-
  
                                         
Geographic segment liabilities
                                       
Current    
(8,801
 )    
(718
 )    
-
      
(313
 )    
(9,832
 )
Non-current (excluding intercompany)    
(21,043
 )    
(517
 )    
-
      
-
      
(21,560
 )
Intercompany balances    
(2,184
 )    
(32,867
 )    
49,951
      
(14,900
 )    
-
  
 
Information about reportable segments 2015   Zimbabwe     South Africa     Zambia     Inter-group eliminations adjustments     Corporate and other reconciling     Total  
                                     
Revenue    
48,977
      
-
      
-
      
-
      
-
      
48,977
  
Inter-segmental revenue    
-
      
17,017
      
-
      
(26,514
 )    
9,497
      
-
  
Royalties    
(2,455
 )    
-
      
-
      
-
      
-
      
(2,455
 )
Production costs    
(30,955
 )    
(12,174
 )    
-
      
13,110
      
-
      
(30,019
 )
Depreciation    
(3,559
 )    
(42
 )    
-
      
279
      
-
      
(3,322
 )
Other income    
55
      
46
      
-
      
-
      
9
      
110
  
Management fee    
(4,140
 )    
4,140
      
-
      
-
      
-
      
-
  
Administrative expenses    
(118
 )    
(8,135
 )    
(750
 )    
7,183
      
(5,802
 )    
(7,622
 )
Equity-settled share-based payment expense    
-
      
-
      
-
      
-
      
(24
 )    
(24
 )
Net foreign exchange gain    
-
      
2,419
      
-
      
-
      
431
      
2,850
  
Finance income    
-
      
1
      
-
      
-
      
-
      
1
  
Finance expense    
(190
 )    
(2
 )    
-
      
-
      
(344
 )    
(536
 )
Profit before income tax    
7,615
      
3,270
      
(750
 )    
(5,942
 )    
3,767
      
7,960
  
Tax expense    
(2,616
 )    
(276
 )    
-
      
-
      
522
      
(2,370
 )
Profit after income tax    
4,999
      
2,994
      
(750
 )    
(5,942
 )    
4,289
      
5,590
  
 
 
Major customer
 
Revenues from Fidelity Printers in Zimbabwe amounted to approximately
$69,762
(
2016:
$61,992;
2015:
$48,977
).