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Note 37 - Operating Segments (Tables)

12 Months Ended

Dec. 31, 2022

Statement Line Items [Line Items]

Disclosure of operating segments [text block]

For the twelve months ended December 31, 2022

Zimbabwe

South Africa

Inter-group eliminations adjustments

Corporate and other reconciling amounts

Total

Revenue

142,082

–

142,082

Inter-segmental revenue

–

19,885

(19,885

)

–

Royalty

(7,124

)

–

(7,124

)

Production costs

(62,701

)

(18,883

)

18,586

–

(62,998

)

Depreciation

(10,735

)

(153

)

789

(42

)

(10,141

)

Other income

–

Other expenses

(11,289

)

(66

)

–

(427

)

(11,782

)

Administrative expenses

(172

)

(3,047

)

–

(8,722

)

(11,941

)

Management fee

(3,454

)

3,454

–

Cash-settled share-based expense

–

853

(1,462

)

(609

)

Equity-settled share-based expense

–

(484

)

(484

)

Net foreign exchange gain (loss)

4,415

(119

)

(291

)

406

4,411

Fair value loss on derivative liabilities

–

(1,198

)

(1,198

)

Net finance cost

(861

)

–

229

(640

)

Dividends (paid) received

(16,992

)

–

16,992

–

Profit before tax

33,217

1,075

5,292

39,636

Tax expense

(15,785

)

(252

)

117

(850

)

(16,770

)

Profit after tax

17,432

823

169

4,442

22,866

As at December 31, 2022

Zimbabwe

South Africa

Inter-group eliminations adjustments

Corporate and other reconciling amounts

Total

Geographic segment assets:

Current (excluding intercompany)

33,130

1,448

(83

)

3,932

38,427

Non-Current (excluding intercompany)

181,982

822

(5,446

)

19,406

196,764

Expenditure on property, plant and equipment (note 17)

39,635

(881

)

(1,355

)

10,821

48,220

Expenditure on evaluation and exploration assets (note 18)

9,394

–

9,398

Intercompany balances

33,468

12,202

(107,227

)

61,557

–

Geographic segment liabilities:

Current (excluding intercompany)

(17,451

)

(1,901

)

–

(13,089

)

(32,441

)

Non-current (excluding intercompany)

(8,197

)

(101

)

116

(1,109

)

(9,291

)

Intercompany balances

(12,725

)

(34,753

)

107,227

(59,749

)

–

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		47			(1	)		–			–			46
Other expenses		(3,241	)		–			–			(3,895	)		(7,136	)
Administrative expenses		(128	)		(2,867	)		(2	)		(6,094	)		(9,091	)
Management fee		(2,908	)		2,908			–			–			–
Cash-settled share-based expense		–			29			691			(1,197	)		(477	)
Net foreign exchange gain (loss)		1,182			(295	)		(92	)		389			1,184
Fair value loss on derivative instruments		–			(105	)		–			(135	)		(240	)
Net finance cost		(1,614	)		(2	)		–			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 17)		30,575			1,923			(1,019	)		–			31,479
Expenditure on evaluation and exploration assets (note 18)		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	)		–