| |
| |
Group |
|
Company |
|
2021
R '000 |
2021
R '000 |
| Ferrochrome sales* |
6,794,982 |
7,020,413 |
— |
— |
| Chrome ore sales |
1,039,975 |
1,036,084 |
— |
— |
| PGMs concentrate sales** |
99,953 |
2,645 |
— |
— |
| |
7,934,910 |
8,059,142 |
— |
— |
| Revenue other than from contracts with customers |
|
|
|
|
| Management fees |
1,200 |
1,200 |
16,547 |
14,134 |
| Other income*** |
2,951 |
2,314 |
58 |
43 |
| Dividend income |
— |
— |
849,703 |
— |
| |
4,151 |
3,514 |
866,308 |
14,177 |
| Total revenue |
7,939,061 |
8,062,656 |
866,308 |
14,177 |
| * |
Ferrochrome sales includes provisional pricing adjustments of R115m (2021: R149m). |
| ** |
All PGMs concentrate sales are to a customer in South Africa. |
| *** |
Other income includes revenue from sale of scraps and silica |
Geographical areas of ferrochrome sales to customers
The majority of customers are stainless steel mills located at the following revenue destinations:
| |
2022 |
2021 |
| Revenue destination |
Revenue |
|
Revenue |
|
| |
R'000 |
% of revenue
in relation to
total
ferrochrome
revenue |
R'000 |
% of revenue
in relation to
total
ferrochrome
revenue |
| Africa* |
219,305 |
3 |
204,294 |
3 |
| Americas** |
608,406 |
9 |
494,939 |
7 |
| Asia*** |
4,788,832 |
71 |
4,966,942 |
71 |
| Europe**** |
1,178,439 |
17 |
1,354,238 |
19 |
| |
6,794,982 |
100 |
7,020,413 |
100 |
| * |
Includes South Africa. |
| ** |
Includes Brazil, USA and Mexico. |
| *** |
Includes China, India, Indonesia, Japan, South Korea, Taiwan, Singapore and Australia. |
| **** |
Includes Germany, Italy, Luxembourg, Spain, France and Belgium. |
Geographical areas of chrome ore sales to customers
| |
2022 |
2021 |
| Revenue destination |
Revenue |
|
Revenue |
|
| |
R'000 |
% of revenue
in relation to
total chrome
revenue |
R'000 |
% of revenue
in relation to
total chrome
revenue |
| South Africa |
123,830 |
12 |
68,796 |
7 |
| Asia, Australia, Mexico and Europe |
916,145 |
88 |
967,288 |
93 |
| |
1,039,975 |
100 |
1,036,084 |
100 |
Sales to the following customers individually comprise more than 10% of total sales:
| |
2022 |
2021 |
| Key customers |
Revenue |
|
Revenue |
|
| |
R'000 |
% of revenue
in relation to
total
ferrochrome
revenue |
R'000 |
% of revenue
in relation to
total
ferrochrome
revenue |
| Customer A |
2,018,385 |
30 |
1,750,189 |
25 |
| Customer B |
989,323 |
15 |
1,090,270 |
16 |
| Customer C |
783,272 |
11 |
793,307 |
11 |
| |
3,790,980 |
56 |
3,633,766 |
52 |
|
