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Note 38 - Operating Segments (Tables)

12 Months Ended

Dec. 31, 2021

Statement Line Items [Line Items]

Disclosure of operating segments [text block]

For the twelve months ended December 31, 2021

Zimbabwe

South Africa

Inter-group eliminations adjustments

Corporate and other reconciling amounts

Total

Revenue

121,329

–

121,329

Inter-segmental revenue

–

21,662

(21,662

)

–

Royalty

(6,083

)

–

(6,083

)

Production costs

(53,117

)

(19,902

)

19,893

–

(53,126

)

Depreciation

(8,348

)

(120

)

466

(44

)

(8,046

)

Other income

)

–

Other expenses

(3,241

)

–

(3,895

)

(7,136

)

Administrative expenses

(128

)

(2,867

)

(6,094

)

(9,091

)

Management fee

(2,908

)

2,908

–

Cash-settled share-based expense

–

691

(1,197

)

(477

)

Net foreign exchange gain (loss)

1,182

(295

)

(92

)

389

1,184

Fair value loss on derivative assets and liabilities

–

(105

)

–

(135

)

(240

)

Net finance cost

(1,614

)

–

1,255

(361

)

Profit before tax

47,119

1,307

(706

)

(9,721

)

37,999

Tax expense

(14,356

)

(652

)

151

–

(14,857

)

Profit after tax

32,763

655

(555

)

(9,721

)

23,142

As at December 31, 2021

Zimbabwe

South Africa

Inter-group eliminations adjustments

Corporate and other reconciling amounts

Total

Geographic segment assets:

Current (excluding intercompany)

34,440

2,457

(162

)

16,198

52,933

Non-Current (excluding intercompany)

159,612

2,315

(4,880

)

897

157,944

Expenditure on property, plant and equipment (note 18)

30,575

1,713

(1,019

)

–

31,269

Expenditure on evaluation and exploration assets (note 19)

5,554

–

163

5,717

Intercompany balances

34,512

9,131

(91,697

)

48,054

–

Geographic segment liabilities:

Current (excluding intercompany)

(10,042

)

(1,606

)

–

(6,040

)

(17,688

)

Non-current (excluding intercompany)

(11,535

)

(313

)

322

(1,107

)

(12,633

)

Intercompany balances

(12,414

)

(35,467

)

91,697

(43,816

)

–

For the twelve months ended December 31, 2020	Zimbabwe			South Africa			Inter-group eliminations adjustments			Corporate and other reconciling amounts			Total

Revenue		100,002			–			–			–			100,002
Inter-segmental revenue		–			23,214			(23,214	)		–			–
Royalty		(5,007	)		–			–			–			(5,007	)
Production costs		(44,032	)		(20,318	)		20,639			–			(43,711	)
Depreciation		(4,920	)		(91	)		424			(41	)		(4,628	)
Other income		4,751			14			–			–			4,765
Other expenses		(5,180	)		(114	)		–			(21	)		(5,315	)
Administrative expenses		(156	)		(2,237	)		10			(5,614	)		(7,997	)
Management fee		(2,492	)		2,492			–			–			–
Cash-settled share-based expense		–			(114	)		634			(1,933	)		(1,413	)
Net foreign exchange gain (loss)		4,618			132			(272	)		(173	)		4,305
Fair value loss on derivative assets and liabilities		–			(164	)		–			(102	)		(266	)
Net finance cost		(352	)		47			–			–			(305	)
Dividends (paid) received		(2,198	)		(1,355	)		–			3,553			–
Profit before tax		45,034			1,506			(1,779	)		(4,331	)		40,430
Tax expense		(14,446	)		(854	)		380			(253	)		(15,173	)
Profit after tax		30,588			652			(1,399	)		(4,584	)		25,257

As at December 31, 2020	Zimbabwe			South Africa			Inter-group eliminations adjustments			Corporate and other reconciling amounts			Total

*Geographic segment assets:*
Current (excluding intercompany)		27,070			5,320			(194	)		12,390			44,586
Non-Current (excluding intercompany)		133,568			716			(4,237	)		3,287			133,334
Expenditure on property, plant and equipment (note 18)		26,391			151			(1,887	)		123			24,778
Expenditure on evaluation and exploration assets (note 19)		98			–			–			2,961			3,059
Intercompany balances		17,482			6,752			(69,144	)		44,910			–

*Geographic segment liabilities:*
Current (excluding intercompany)		(6,831	)		(1,797	)		–			(1,336	)		(9,964	)
Non-current (excluding intercompany)		(8,065	)		–			264			(2,112	)		(9,913	)
Intercompany balances		–			(34,020	)		69,144			(35,124	)		–