XML 69 R61.htm IDEA: XBRL DOCUMENT v3.20.2
Note 17 - Operating Segments - Financial Statements (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Statement Line Items [Line Items]          
Revenue $ 22,913 $ 16,520 $ 46,515 $ 32,440  
Royalties (1,146) (864) (2,328) (1,683)  
Production costs (11,451) (7,571) (22,138) (17,340)  
Depreciation (1,141) (1,052) (2,314) (2,100)  
Other income 2,791 749 4,709 2,038  
Other expenses (1,314) (220) (1,522) (309)  
Administration expenses (1,275) (1,309) (2,822) (2,705)  
Management fee      
Cash-settled share-based payment expense (762) (9) (946) (370)  
Net foreign exchange gain 1,486 21,645 3,709 24,925  
Fair value losses     (148) (324)  
Net finance costs     (267) (20)  
Dividends (paid)/ received        
Profit before tax 9,859 27,723 22,448 39,961  
Tax expense (3,507) 223 (6,417) (1,296)  
Profit for the period 6,352 $ 27,946 16,031 38,665  
Current (excluding intercompany) 34,846   34,846   $ 29,839
Non-Current (excluding intercompany) 119,506   119,506   113,714
Additions other than through business combinations, property, plant and equipment     8,188   20,595
Intercompany balances    
Current (excluding intercompany) (9,909)   (9,909)   (9,879)
Non-current (excluding intercompany) (6,488)   (6,488)   (8,957)
Intercompany balances    
Profit on sale of subsidiary       5,409  
Gold hedge [member]          
Statement Line Items [Line Items]          
Fair value losses     (102) (324)  
Gold ETF [member]          
Statement Line Items [Line Items]          
Fair value losses     (46)  
Elimination of intersegment amounts [member]          
Statement Line Items [Line Items]          
Revenue     (7,638) (5,878)  
Royalties      
Production costs     6,605 5,345  
Depreciation     248 172  
Other income      
Other expenses      
Administration expenses      
Management fee      
Cash-settled share-based payment expense     191  
Net foreign exchange gain      
Net finance costs      
Dividends (paid)/ received        
Profit before tax     (594) (361)  
Tax expense     (59) 23  
Profit for the period     (653) (338)  
Current (excluding intercompany) (77)   (77)   (139)
Non-Current (excluding intercompany) (2,746)   (2,746)   (2,456)
Additions other than through business combinations, property, plant and equipment     (479)   (1,165)
Intercompany balances (72,332)   (72,332)   (52,783)
Current (excluding intercompany)     140
Non-current (excluding intercompany) 152   152  
Intercompany balances 72,332   72,332   52,783
Profit on sale of subsidiary        
Elimination of intersegment amounts [member] | Gold hedge [member]          
Statement Line Items [Line Items]          
Fair value losses      
Elimination of intersegment amounts [member] | Gold ETF [member]          
Statement Line Items [Line Items]          
Fair value losses        
Corporate and other reconciling amounts [member]          
Statement Line Items [Line Items]          
Revenue     (214)  
Royalties      
Production costs      
Depreciation     (20)  
Other income      
Other expenses      
Administration expenses     (1,881) (1,696)  
Management fee      
Cash-settled share-based payment expense     (1,118) (137)  
Net foreign exchange gain     542 18  
Net finance costs     3 6  
Dividends (paid)/ received     3,400    
Profit before tax     824 3,062  
Tax expense     (229) (40)  
Profit for the period     595 3,022  
Current (excluding intercompany) 6,093   6,093   4,987
Non-Current (excluding intercompany) 224   224   244
Additions other than through business combinations, property, plant and equipment       248
Intercompany balances 52,156   52,156   43,914
Current (excluding intercompany) (577)   (577)   (736)
Non-current (excluding intercompany) (1,383)   (1,383)   (415)
Intercompany balances (39,523)   (39,523)   (17,784)
Profit on sale of subsidiary       5,409  
Corporate and other reconciling amounts [member] | Gold hedge [member]          
Statement Line Items [Line Items]          
Fair value losses     (102) (324)  
Corporate and other reconciling amounts [member] | Gold ETF [member]          
Statement Line Items [Line Items]          
Fair value losses        
Zimbabwean operations [member]          
Statement Line Items [Line Items]          
Revenue     46,515 32,440  
Royalties     (2,328) (1,683)  
Production costs     (22,241) (17,320)  
Depreciation     (2,499) (2,217)  
Other income     4,705 2,036  
Other expenses     (1,410) (309)  
Administration expenses     (68) (54)  
Management fee     (1,279) (1,123)  
Cash-settled share-based payment expense     (149)  
Net foreign exchange gain     3,746 24,896  
Net finance costs     (298) (62)  
Dividends (paid)/ received     (2,198)    
Profit before tax     22,645 36,455  
Tax expense     (5,905) (1,026)  
Profit for the period     16,740 35,429  
Current (excluding intercompany) 22,665   22,665   21,608
Non-Current (excluding intercompany) 121,495   121,495   115,611
Additions other than through business combinations, property, plant and equipment     8,655   21,465
Intercompany balances 14,962   14,962  
Current (excluding intercompany) (6,910)   (6,910)   (9,478)
Non-current (excluding intercompany) (5,257)   (5,257)   (6,784)
Intercompany balances     (2,441)
Profit on sale of subsidiary        
Zimbabwean operations [member] | Gold hedge [member]          
Statement Line Items [Line Items]          
Fair value losses      
Zimbabwean operations [member] | Gold ETF [member]          
Statement Line Items [Line Items]          
Fair value losses        
South African operations [member]          
Statement Line Items [Line Items]          
Revenue     7,638 6,092  
Royalties      
Production costs     (6,502) (5,365)  
Depreciation     (43) (55)  
Other income     4 2  
Other expenses     (112)  
Administration expenses     (873) (955)  
Management fee     1,279 1,123  
Cash-settled share-based payment expense     (19) (84)  
Net foreign exchange gain     (579) 11  
Net finance costs     28 36  
Dividends (paid)/ received     (1,202)    
Profit before tax     (427) 805  
Tax expense     (224) (253)  
Profit for the period     (651) 552  
Current (excluding intercompany) 6,165   6,165   3,383
Non-Current (excluding intercompany) 533   533   315
Additions other than through business combinations, property, plant and equipment     12   47
Intercompany balances 5,214   5,214   8,869
Current (excluding intercompany) (2,422)   (2,422)  
Non-current (excluding intercompany)     (1,563)
Intercompany balances $ (32,809)   (32,809)   $ (32,558)
Profit on sale of subsidiary        
South African operations [member] | Gold hedge [member]          
Statement Line Items [Line Items]          
Fair value losses      
South African operations [member] | Gold ETF [member]          
Statement Line Items [Line Items]          
Fair value losses     $ (46)