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Reviewed Results | Year ended 31 December 2021

Financials Statement of Cash Flows

 

   United States Dollars
   Year ended
Figures in millions unless otherwise stated  Dec 2021 
(Reviewed)
Dec 2020 
(Audited)
Cash flows from operating activities    1,599.2    1,256.7 
Profit before royalties and taxation    1,366.8    1,282.9 
Amortisation and depreciation  713.2  661.3 
Silicosis payment  (4.4) (3.5)
Payment of long-term employee benefits  (37.3) – 
Other non-cash items  208.8  (129.9)
South Deep BEE dividend  (0.9) (1.1)
Change in working capital  (89.4) (171.8)
Royalties and taxation paid  (557.6) (381.2)
Dividends paid  (369.0) (145.3)
Owners of the parent  (322.3) (137.7)
Non-controlling interest holders  (46.7) (7.6)
Cash flows from investing activities  (1,070.5) (607.4)
Capital expenditure – additions  (1,088.7) (583.7)
Capital expenditure – working capital    28.7  (7.1)
Proceeds on disposal of property, plant and equipment  2.8  0.7 
Purchase of investments  (27.4) (0.6)
Redemption of Asanko Preference shares  5.0    37.5 
Loan advanced – contractors  –  (68.4)
Proceeds on disposal of investments    19.2    22.9 
Contributions to environmental trust funds  (10.1) (8.7)
Cash flows from financing activities  (510.5) (139.8)
Loans received  207.5  689.8 
Loans repaid  (644.2) (1,014.2)
Payment of lease liabilities  (73.8) (64.4)
Shares issued  –  249.0 
Net cash (utilised)/generated  (350.8) 364.2 
Translation adjustment  (11.3) 7.6 
Cash and cash equivalent at beginning of the year  886.8  515.0 
Cash and cash equivalent at end of the year  524.7  886.8 
Non-IFRS measures and other disclosures       
Cash flow from operating activities less net capital expenditure, environmental payments, lease payments and redemption of Asanko preference shares  463.1  631.0