United States Dollar | |||
Six months ended | |||
Figures in millions unless otherwise stated | Notes | June 2024 | June 2023 |
Cash flows from operating activities | 644.5 | 735.2 | |
---|---|---|---|
Profit before royalties and taxation | 709.2 | 809.4 | |
Amortisation and depreciation | 268.6 | 423.5 | |
Silicosis payment | (0.2) | (0.7) | |
Payment of long-term employee benefits | (38.2) | (32.0) | |
Other non-cash items | (74.9) | (39.1) | |
South Deep BEE dividend | (0.7) | (0.7) | |
Change in working capital | 16 | 79.9 | (159.3) |
Royalties and taxation paid | (299.2) | (265.9) | |
Dividends paid | (214.1) | (223.2) | |
Owners of the parent | (198.5) | (214.7) | |
Non-controlling interest holders | (15.6) | (8.5) | |
Cash flows from investing activities | (513.3) | (773.0) | |
Capital expenditure – additions | (600.8) | (507.5) | |
Capital expenditure – working capital | 2.8 | 4.7 | |
Proceeds on disposal of property, plant and equipment | 1.9 | 1.1 | |
Purchase of investments | (20.2) | (12.7) | |
Purchase of equity-accounted investee – Windfall Project | 14 | – | (221.5) |
Windfall Project capital contributions | 14 | (42.4) | (33.6) |
Proceeds on disposal of investments | 150.3 | 1.5 | |
Contributions to environmental trust funds | (4.9) | (5.0) | |
Cash flows from financing activities | (35.0) | 158.8 | |
Loans received | 737.9 | 468.6 | |
Loans repaid | (726.6) | (274.3) | |
Payment of lease liabilities | (46.3) | (35.5) | |
Net cash utilised | (117.9) | (102.2) | |
Translation adjustment | (3.1) | (16.7) | |
Cash and cash equivalent at beginning of the period | 648.7 | 769.4 | |
Cash and cash equivalent at end of the period | 527.7 | 650.5 | |
Non-IFRS measures and other disclosures | |||
Adjusted free cash flow | (57.8) | 140.2 |