| |
| |
Group |
Company |
| |
2022
R '000 |
2022
R '000 |
| Revenue from contracts with customers |
|
|
|
|
| Ferrochrome sales* |
6,885,467 |
6,794,982 |
– |
– |
| Chrome ore sales |
2,222,204 |
1,039,975 |
– |
– |
| PGMs concentrate sales** |
133,470 |
99,953 |
– |
– |
| |
9,241,141 |
7,934,910 |
– |
– |
| Revenue other than from contracts with customers |
|
|
|
|
| Management fees |
1,200 |
1,200 |
16,393 |
16,547 |
| Other income*** |
1,681 |
2,951 |
143 |
58 |
| Dividend income |
– |
– |
824,712 |
849,703 |
| |
2,881 |
4,151 |
841,248 |
866,308 |
| Total revenue |
9,244,022 |
7,939,061 |
841,248 |
866,308 |
| * |
Ferrochrome sales includes provisional pricing adjustments of R32m (2022: R115m). |
| ** |
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:
| |
2023 |
2022 |
| Revenue destination |
Revenue
R'000 |
% of revenue
in relation to
total
ferrochrome
revenue |
| Africa* |
207,443 |
3 |
219,305 |
3 |
| Americas** |
362,759 |
5 |
608,406 |
9 |
| Asia*** |
5,093,698 |
74 |
4,788,832 |
71 |
| Europe**** |
1,221,567 |
18 |
1,178,439 |
17 |
| |
6,885,467 |
100 |
6,794,982 |
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
| |
2023 |
2022 |
| Revenue destination |
Revenue
R'000 |
% of revenue
in relation to
total chrome
revenue |
| South Africa |
482,837 |
22 |
123,830 |
12 |
| Asia, Australia, Mexico and Europe |
1,739,367 |
78 |
916,145 |
88 |
| |
2,222,204 |
100 |
1,039,975 |
100 |
Sales to the following customers individually comprise more than 10% of total sales:
|
2023 |
2022 |
| Key customers |
Revenue
R'000 |
% of revenue
in relation to
total
ferrochrome
revenue |
| Customer A |
1,783,005 |
26 |
2,018,385 |
30 |
| Customer B |
1,535,696 |
22 |
989,323 |
15 |
| Customer C |
– |
– |
783,272 |
11 |
| |
3,318,701 |
48 |
3,790,980 |
56 |
|
