2024

Merafe Resources Limited
Summarised consolidated financial statements for the year ended 31 December 2024

Delivering today. Investing in tomorrow.

Summarised consolidated statement of cash flows for the year ended

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  Notes 31 December 
2024 
R'000 
31 December 
2023 
R'000 
Cash flows from operating activities       
Cash generated from operations  6 2 067 819  2 404 525 
Dividends received from associate    1 596  11 642 
Finance income received    66 359  37 721 
Finance expense paid    (2 164) (3 901)
Taxation paid    (356 374) (570 661)
Net cash from operating activities    1 777 236  1 879 326 
Cash flows from investing activities       
Acquisition of property, plant and equipment – sustaining    (608 373) (617 551)
Acquisition of property, plant and equipment – expansionary    (53 819) (53 814)
Proceeds from sale of property, plant and equipment    644  – 
Proceeds from sale of land and mineral rights    7 894  – 
Other long-term receivable advanced    (3 501) – 
Net cash from investing activities    (657 155) (671 365)
Cash flows from financing activities       
Repayment of capital portion on lease liabilities    (3 186) (3 884)
Dividends    (1 049 633) (824 712)
Net cash from financing activities    (1 052 819) (828 596)
Total cash movement for the year    67 262  379 365 
Cash at the beginning of the year    1 655 807  1 268 599 
Effect of exchange rate movement on cash balances    71 842  7 843 
Total cash at the end of the year    1 794 911  1 655 807