Media release
Unaudited interim results
for the six months ended 30 June 2023
for the six months ended 30 June 2023
FINANCIALS Statement of cash flows
| United States Dollars | ||
| Six months ended | ||
| Figures in millions unless otherwise stated | June 2023 | June 2022 |
| Cash flows from operating activities | 735.2 | 871.0 |
|---|---|---|
| Profit before royalties and taxation | 809.4 | 865.7 |
| Amortisation and depreciation | 423.5 | 377.8 |
| Silicosis payment | (0.7) | (0.4) |
| Payment of long-term employee benefits | (32.0) | (32.4) |
| Other non-cash items | (39.1) | 12.5 |
| South Deep BEE dividend | (0.7) | (0.9) |
| Change in working capital | (159.3) | 9.1 |
| Royalties and taxation paid | (265.9) | (360.4) |
| Dividends paid | (223.2) | (167.8) |
| Owners of the parent | (214.7) | (153.2) |
| Non-controlling interest holders | (8.5) | (14.6) |
| Cash flows from investing activities | (773.0) | (551.6) |
| Capital expenditure – additions | (507.5) | (545.0) |
| Capital expenditure – working capital | 4.7 | 25.2 |
| Windfall capital contribution | (33.6) | – |
| Proceeds on disposal of property, plant and equipment – Windfall | 1.1 | 0.2 |
| Purchase of investments | (12.7) | (6.4) |
| Purchase of equity accounted investee | (221.5) | – |
| Proceeds on disposal of investments | 1.5 | – |
| Contributions to environmental trust funds | (5.0) | (25.6) |
| Cash flows from financing activities | 158.8 | 68.6 |
| Loans received | 468.6 | 206.5 |
| Loans repaid | (274.3) | (104.8) |
| Payment of lease liabilities | (35.5) | (33.1) |
| Net cash (utilised)/generated | (102.2) | 220.2 |
| Translation adjustment | (16.7) | (20.8) |
| Net cash (utilised)/generated after translation adjustment | (118.9) | 199.4 |
| Cash and cash equivalent at beginning of the period | 769.4 | 524.7 |
| Cash and cash equivalent at end of the period | 650.5 | 724.1 |
| Non-IFRS measures and other disclosures | ||
| Adjusted free cash flow | 140.2 | 292.7 |