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Note 38 - Operating Segments (Tables)

12 Months Ended

Dec. 31, 2023

Statement Line Items [Line Items]

Disclosure of operating segments [text block]

For the twelve months ended December 31, 2023

Blanket

South
Africa

Bilboes
oxide
mine

E&E
projects

Inter-group
eliminations
adjustments

Corporate
and other
reconciling
amounts

Total

Revenue

140,615

–

5,699

–

146,314

Inter-segmental revenue

–

17,623

–

(17,623

)

–

Royalty

(7,318

)

–

(319

)

–

(7,637

)

Production costs

(68,923

)

(16,788

)

(13,095

)

–

16,097

–

(82,709

)

Depreciation

(15,385

)

(139

)

–

1,079

(41

)

(14,486

)

Other income

236

–

(1,750

)

1,766

263

Other expenses*

(4,353

)

–

(14

)

–

(4,367

)

Administrative expenses

(912

)

(4,301

)

(2,101

)

(10,124

)

(17,429

)

Management fee

(3,468

)

3,471

–

)

–

Cash-settled share-based expense

–

660

(1,123

)

(463

)

Equity-settled share-based expense

–

(640

)

(640

)

Net foreign exchange (loss) gain

(3,229

)

(144

)

–

(71

)

797

(2,550

)

Fair value loss on derivative liabilities

–

(1,119

)

(1,119

)

Finance income

–

Finance cost

(3,323

)

448

(189

)

(22

)

(3,024

)

Profit (loss) before tax

33,940

219

(9,921

)

(30

)

(1,596

)

(10,420

)

12,192

Tax expense

(12,256

)

(235

)

–

(19

)

(300

)

(12,810

)

Profit (loss) after tax

21,684

(16

)

(9,921

)

(30

)

(1,615

)

(10,720

)

(618

)

As at December 31, 2023

Blanket

South
Africa

Bilboes
oxide
mine

E&E
projects

Inter-group
eliminations
adjustments

Corporate
and other
reconciling
amounts

Total

Segment assets:

Current (excluding intercompany, including assets held for sale)

51,236

2,363

–

401

(1,757

)

1,986

54,229

Non-current (excluding intercompany)

188,426

697

–

92,664

(5,294

)

(2,419

)

274,074

Assets held for sale (note 24)

13,519

–

13,519

Expenditure on property, plant and equipment (note 18)

43,496

120

–

(2,570

)

(11,440

)

29,606

Expenditure on evaluation and exploration assets (note 17)

–

76,693

–

76,693

Intercompany balances

44,452

16,844

(214

)

–

(145,523

)

84,441

–

Segment liabilities:

Current (excluding intercompany)

(31,747

)

(4,421

)

–

(1,755

)

–

(2,210

)

(40,133

)

Non-current (excluding intercompany)

(17,634

)

–

(5,932

)

(416

)

(23,978

)

Intercompany balances

(24,412

)

(34,193

)

–

(5,691

)

145,523

(81,227

)

–

For the twelve months ended December 31, 2022	Blanket			South Africa			E&E projects		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		48			12			–		–			–			60
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	)
Finance income		–			17			–		–			–			17
Finance cost		(861	)		(25	)		–		–			229			(657	)
Profit (loss) before tax		50,209			1,075			–		52			(11,700	)		39,636
Tax expense		(15,785	)		(252	)		–		117			(850	)		(16,770	)
Profit (loss) after tax		34,424			823			–		169			(12,550	)		22,866

As at December 31, 2022	Zimbabwe			South Africa			E&E projects		Inter-group eliminations adjustments			Corporate and other reconciling amounts			Total
*Segment assets:*
Current (excluding intercompany)		33,130			1,448			–		(83	)		3,932			38,427
Non-current (excluding intercompany)		176,356			822			5,626		(5,446	)		19,406			196,764
Expenditure on property, plant and equipment (note 18)		38,763			(881	)		872		(1,355	)		10,821			48,220
Expenditure on evaluation and exploration assets (note 17)		7,964			–			1,430		–			4			9,398
Intercompany balances		33,468			12,202			–		(107,227	)		61,557			–

*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	)		–