Download excel
| For the year ended | ||||
| Summarised consolidated statement of cash flows | 31 December 2022 Audited R'000 |
31 December 2021 Audited R'000 |
||
| Profit before tax | 1 949 477 | 2 326 735 | ||
|---|---|---|---|---|
| Depreciation and amortisation | 219 473 | 111 185 | ||
| Effect of exchange rate fluctuations | 49 623 | (213 400) | ||
| Income from equity accounted investment | (3 944) | (614) | ||
| Finance income | (26 078) | (13 572) | ||
| Finance expense | 1 487 | 2 502 | ||
| Impairment | 236 | 5 824 | ||
| Movement in rehabilitation provision | 11 478 | 18 547 | ||
| Other non-cash movement | 4 223 | 1 329 | ||
| Profit on sale of property, plant and equipment | (650) | (116) | ||
| Fair value adjustment on provisionally priced revenue | 63 933 | (27 807) | ||
| Movement in long-term receivable | (25 219) | 538 | ||
| Share grants vested | (2 284) | (1 232) | ||
| Share-based payment expense | 12 848 | 8 869 | ||
| Net realisable value inventory adjustment | 1 288 | 24 411 | ||
| Changes in working capital: | ||||
| Inventories | (721 650) | (242 908) | ||
| Trade and other receivables | 622 565 | (648 374) | ||
| Trade and other payables | (22 555) | 225 627 | ||
| Cash generated from operating activities | 2 134 251 | 1 577 544 | ||
| Interest received | 23 666 | 11 615 | ||
| Interest paid | (3 358) | (2 123) | ||
| Taxation paid | (456 863) | (431 112) | ||
| Net cash generated from operating activities | 1 697 696 | 1 155 924 | ||
| Acquisition of property, plant and equipment - sustaining | (466 396) | (448 149) | ||
| Acquisition of property, plant and equipment - expansionary | (17 841) | (42 086) | ||
| Proceeds from the sale of property, plant and equipment | 697 | 366 | ||
| Movement in other long-term receivable | (14 229) | – | ||
| Net cash utilised in investing activities | (497 769) | (489 869) | ||
| Payment for repurchase of shares | – | (5 774) | ||
| Costs incurred for the repurchase of shares | – | (32) | ||
| Repayment of capital portion on lease liabilities | (4 131) | (4 210) | ||
| Dividends paid | (849 703) | (174 939) | ||
| Net cash utilised in financing activities | (853 834) | (184 955) | ||
| Total cash movement for the year | 346 093 | 481 100 | ||
| Cash at the beginning of the year | 972 129 | 277 629 | ||
| Effect of exchange rate movement on cash balances | (49 623) | 213 400 | ||
| Total cash at the end of the year | 1 268 599 | 972 129 | ||