| For the six months ended | ||||
| 30 June 2023 Unaudited R'000 |
30 June 2022 Unaudited R'000 |
|||
| Profit before taxation | 1 462 436 | 1 279 016 | ||
|---|---|---|---|---|
| Depreciation and amortisation | 115 893 | 105 452 | ||
| Effect of exchange rate fluctuations | (94 075) | (1 584) | ||
| Income from equity accounted investment | (9 313) | (1 154) | ||
| Finance income | (21 572) | (11 101) | ||
| Finance expense | 689 | 774 | ||
| Movement in environmental obligations | 8 945 | 14 127 | ||
| Other non-cash movements | 1 658 | 994 | ||
| Fair value adjustment on provisionally priced revenue | (14 784) | 58 940 | ||
| Share grants vested | (10 003) | (2 324) | ||
| Share-based payment expense | 3 177 | 6 677 | ||
| Shareholders for dividends | 1 136 | – | ||
| Net realisable value inventory adjustment | 1 105 | – | ||
| Changes in working capital: | ||||
| Inventories | (40 159) | (284 244) | ||
| Trade and other receivables | (355 953) | (291 517) | ||
| Trade and other payables | (25 007) | 149 508 | ||
| Cash generated from operating activities | 1 024 173 | 1 023 564 | ||
| Finance income received | 20 348 | 11 050 | ||
| Finance cost paid | (1 366) | (2 034) | ||
| Dividend from associate | 785 | – | ||
| Taxation paid | (249 363) | (284 206) | ||
| Net cash generated from operating activities | 794 577 | 748 374 | ||
| Sustaining capital expenditure | (221 703) | (142 505) | ||
| Expansionary capital expenditure | (5 393) | (12 757) | ||
| Net cash utilised in investing activities | (227 096) | (155 262) | ||
| Dividends paid | (324 640) | (549 367) | ||
| Repayment of capital portion of lease liabilities | (1 883) | (2 205) | ||
| Net cash utilised in financing activities | (326 523) | (551 572) | ||
| Total cash movement for the period | 240 958 | 41 540 | ||
| Cash and cash equivalents at the beginning of the period | 1 268 599 | 972 130 | ||
| Effect of foreign exchange rate changes on cash balances | 94 075 | 1 584 | ||
| Cash and cash equivalents at the end of 30 June | 1 603 632 | 1 015 254 | ||
