| |
Group |
Company |
| R'000 |
2025 |
Restated
2024 |
2025 |
2024 |
| Bank balances |
457 805 |
602 729 |
2 366 |
2 680 |
| Cash and cash equivalents per IAS 7 |
457 805 |
602 729 |
2 366 |
2 680 |
| Balance held with Central Treasury |
698 603 |
831 426 |
| |
|
| 1 156 408 |
1 434 155 |
2 366 |
2 680 |
| Reconciliation of cash resources in the Group |
|
|
| |
| Balances held with Central Treasury* |
698 603 |
831 426 |
– |
– |
| Cash in Merafe Resources |
2 366 |
2 680 |
2 366 |
2 680 |
| Cash in Merafe Ferrochrome |
446 835 |
592 002 |
– |
– |
| Cash in Kroondal Rehabilitation Trust** |
8 534 |
7 981 |
– |
– |
| Cash in Unicorn Chrome |
70 |
66 |
– |
|
|
| 1 156 408 |
1 434 155 |
2 366 |
2 680 |
Cash at the bank earns interest at a floating rate based on daily bank deposit rates. Call deposits are made for varying periods of between one day and one month depending on the immediate cash requirements of the Group, and interest is earned at the respective call deposit rates.
The Group's exposure to interest rate risk and sensitivity analysis for financial assets and liabilities are disclosed in note 28. While cash and cash equivalents are also subject to impairment requirements of IFRS 9: Financial Instruments, the identified impairment loss was immaterial.
| * |
This represents Merafe's share of balances held with Central Treasury. There was reclassification of these balances out of cash and cash equivalents in the statement of cash flow in the prior periods since these do not meet the definition of cash and cash equivalents as per IAS 7: Statement of Cash Flows. The treatment was corrected in the current reporting period. Refer to note 41. |
| ** |
The cash held is not available for general use by the Group and is held in a trust bank account to rehabilitate Kroondal mine. |
|
