Gross profit Other operating expenses Share of loss of investment accounted for using the equity method Tax Items that may be classified subsequently to profit or loss: Profit for the year attributable to: Owners of the Company Non-controlling interest Total comprehensive income for the year attributable to: Owners of the Company Non-controlling interest Earnings per share Basic earnings per share (US cents) Diluted earnings per share (US cents) Assets Non-current assets Intangible assets Increase (Decrease) Through Acquisition of Non-Controlling Interest The increase (decrease) in equity resulting from acquisition of non-controlling interest. Acquisition of non-controlling interest – Tharisa Minerals (Pty) Ltd Increase (Decrease) Through Shares Issued by Subsidiary to Non-Controlling Shareholders The increase (decrease) in equity resulting from shares issued by subsidiary to non-controlling shareholders. Shares issued by subsidiary to non-controlling shareholders Share capital Share premium Other reserve Foreign currency translation reserve Retained earnings Total comprehensive income for the year Profit for the year Issue of ordinary shares Equity-settled share-based payments Total transactions with owners of the Company Increase (Decrease) Through Other Contributions and Distributions by Owners The increase (decrease) in equity resulting from contributions by and distributions to owners. Contributions by and distributions to owners of the Company Cash flows from operating activities Adjustments for: Share of loss of investment accounted for using the equity method Impairment of goodwill Impairment of property, plant and equipment Equity-settled share-based payments Changes in fair value of financial assets at fair value through profit or loss Changes in fair value of financial assets at fair value through profit or loss Changes in fair value of financial liabilities at fair value through profit or loss Changes in fair value of financial liabilities at fair value through profit or loss Gain on acquisition of subsidiary Gain on acquisition of subsidiary Interest income Interest expense Tax Inventories Provisions Cash generated from operations Cash flows from investing activities Additions to property, plant and equipment Additions to investments accounted for using the equity method Net cash flows used in investing activities Cash flows from financing activities Net proceeds from/(repayment of) bank credit facilities Advances received Repayment of borrowings Principal lease payments Dividends paid Interest paid Net increase in cash and cash equivalents Effect of exchange rate fluctuations on cash held Adjustments for Write Off of Property, Plant and Equipment Write off of property, plant and equipment Adjustments for write off of property, plant and equipment to reconcile profit (loss) to net cash flow from (used in) operating activities. Financial and other assets Current assets Inventories Trade and other receivables Contract assets Financial and other assets Current taxation Equity and liabilities Other reserve Foreign currency translation reserve Non-current liabilities Provisions Borrowings Other financial liabilities Current liabilities Other financial liabilities Current taxation Contract liabilities Borrowings Increase in shareholding of subsidiaries – Karo Mining Holdings plc Acquired through business combination Total adjustments Net foreign exchange (loss)/gain Share Capital and Premium The amount of share capital and premium. Share capital and premium Trade and other payables Non-controlling interest Other comprehensive loss Other comprehensive loss Foreign currency translation differences for foreign operations, net of tax Foreign currency translation differences (Profit)/loss on disposal of property, plant and equipment Net realisable value (write down reversal)/write down of inventory Net foreign exchange loss/(gain) Net cash flows generated from operating activities Additions to intangible assets Income tax paid Tax refunds received Cash inflow from business combination Increase in restricted cash Net cash flows generated from/(used in) financing activities Adjustments for Decrease (Increase) in Trade and Other Receivables and Contract Assets Adjustments for decrease (increase) in trade and other receivables and contract assets to reconcile profit (loss) to net cash flow from (used in) operating activities. Trade and other receivables and contract assets Adjustments for Increase (Decrease) in Trade and Other Payables and Contract Liabilities Adjustments for increase (decrease) in trade and other payables and contract liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities. Trade and other payables and contract liabilities CORPORATE INFORMATION BASIS OF PREPARATION Statement of compliance Functional and presentation currency Going concern BASIS OF CONSOLIDATION Subsidiaries Foreign currency transactions Loss of control USE OF JUDGEMENTS AND ESTIMATES OPERATING SEGMENTS Accounting policy : operating segments REVENUE Accounting policy : revenue COST OF SALES OTHER INCOME OTHER OPERATING EXPENSES Accounting policy : Other operating expenses Number of employees SHARE-BASED PAYMENTS Accounting policy : Share-based payments FINANCE INCOME AND FINANCE COSTS Accounting policy: Finance costs Finance income Finance costs TAX Accounting policy : Tax DEFERRED TAX EARNINGS PER SHARE Accounting policy : Earnings per share PROPERTY, PLANT AND EQUIPMENT Accounting policy : Property, plant and equipment Mining assets and infrastructure Deferred stripping costs Depreciation Exploration and evaluation expenditure Impairment of assets INTANGIBLE ASSETS Accounting policy : Intangible assets Impairment of goodwill GROUP COMPOSITION Accounting policy : Financial assets Hedge accounting Accounting policy: Impairment Accounting policy : Other financial liabilities INVENTORIES Accounting policy : Inventories TRADE AND OTHER RECEIVABLES Accounting policy : Trade and other receivables CASH AND CASH EQUIVALENTS Accounting policy : Cash and cash equivalents SHARE CAPITAL AND RESERVES Accounting policy: share capital Accounting policy: non-controlling interest Treasury shares Capital management Non-controlling interests PROVISIONS Accounting policy : Provisions Accounting policy : Rehabilitation costs BORROWINGS Accounting policy: Borrowings TRADE AND OTHER PAYABLES Accounting policy : Trade and other payables TAX PAID BUSINESS COMBINATION Accounting policy : Business combination FINANCIAL RISK MANAGEMENT Credit risk Liquidity risk Market risk Currency risk Fair values Fair value gains and losses recognised in the financial instruments RELATED PARTY TRANSACTIONS AND BALANCES Accounting policy : Related party transactions and balances CONTINGENT LIABILITIES CAPITAL COMMITMENTS AND GUARANTEES EVENTS AFTER THE REPORTING PERIOD DIVIDENDS Accounting policy: Dividends Dividend paid (per share) Accounting policies Provisions Attributable to owners of the Company Depreciation of property, plant and equipment and amortisation of intangible assets Lease liabilities Adjustments for Expected Credit (loss) Allowance Reversal Raised Adjustments for expected credit loss allowance (reversal) or raised to reconcile profit (loss) to net cash flow from (used in) operating activities. Expected credit loss allowance (reversal)/raised