2024

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

Delivering today. Investing in tomorrow.

Summarised consolidated statement of financial position as at

This summarised report is extracted from audited information but is not itself audited. The full set of audited consolidated financial statements from which these summarised consolidated financial statements have been derived were prepared under the supervision of Ditabe Chocho CA(SA), Financial Director, as set out more fully in note 1 of these financial results.

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  Notes  31 December 
2024 
R'000
 
31 December 
2023 
R'000 
Assets       
Non-current assets       
Property, plant and equipment    1 124 913  1 387 714 
Intangible assets    21 188  25 413 
Investment in associate    32 676  14 150 
Long-term receivable    64 260  37 287 
Other long-term receivable    17 730  14 229 
    1 260 767  1 478 793 
Currents assets       
Inventories    1 794 492  1 916 476 
Trade and other receivables    1 175 161  1 544 037 
Current tax receivable    116 966  65 218 
Cash and cash equivalents    1 794 911  1 655 807 
    4 881 530  5 181 538 
Non-current assets held for sale  11  –  963 
Total assets    6 142 297  6 661 294 
Equity and liabilities       
Equity       
Share capital    1 288 876  1 288 876 
Retained income    3 587 239  3 969 665 
    4 876 115  5 258 541 
Liabilities       
Non-current liabilities       
Lease obligation    4 723  5 911 
Deferred tax    186 146  271 554 
Environmental obligations    142 356  131 330 
Share-based payment liability    7 254  10 040 
    340 479  418 835 
Current liabilties       
Trade and other payables    893 686  945 859 
Lease obligation    1 150  3 148 
Current tax payable    106  178 
Environmental obligations    17 376  10 907 
Share-based payment liability    13 385  11 258 
    925 703  971 350 
Liabilities directly associated with the assets held for sale    –  12 568 
Total liabilities    1 266 182  1 402 753 
Total equity and liabilities    6 142 297  6 661 294