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{"sheet":"Publish IS (R)","index":0,"n_rows":61,"n_cols":7,"rows_kept":61,"cut":false,"hidden":false,"merged":[[0,0,2,6],[60,0,64,6],[5,5,5,6]]}
["CONDENSED CONSOLIDATED INCOME STATEMENTS (RAND)"]
[]
[]
[]
[]
[null,null,null,null,null,"Year ended"]
[null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,2018,2017]
["Figures in million",null,null,null,"Notes","(Reviewed)","(Audited)"]
[]
[]
[]
["Revenue",null,null,null,null,20359,19264]
["Cost of sales",null,null,null,2,-23503,-19639]
["Production costs",null,null,null,null,-14991,-14812]
["Amortisation and depreciation",null,null,null,null,-2570,-2519]
["Impairment of assets",null,null,null,null,-5336,-1718]
["Other items",null,null,null,null,-606,-590]
[]
[]
["Gross loss",null,null,null,null,-3144,-375]
["Corporate, administration and other expenditure",null,null,null,null,-813,-517]
["Exploration expenditure",null,null,null,null,-135,-241]
["Gain on derivatives",null,null,null,3,99,1024.8925516899999]
["Other operating expenses",null,null,null,4,-667,-885.83649167999988]
[]
[]
["Operating loss",null,null,null,null,-4660,-993.94393998999999]
["Gain on bargain purchase",null,null,null,null,0,848]
["Share of profit/(loss) of associates",null,null,null,null,38,-22]
["Loss on liquidation of subsidiaries",null,null,null,null,0,-14.056060009999999]
["Acquisition related costs",null,null,null,7,-98,0]
["Investment income",null,null,null,null,343,268]
["Finance cost",null,null,null,null,-330,-234]
[]
[]
["Loss before taxation",null,null,null,null,-4707,-148]
["Taxation",null,null,null,5,234,510]
["Current taxation",null,null,null,null,-204,-488]
["Deferred taxation",null,null,null,null,438,998]
[]
[]
["Net profit/(loss) for the year",null,null,null,null,-4473,362]
[]
[]
["Attributable to:"]
["Owners of the parent",null,null,null,null,-4473,362]
[]
[]
["Earnings/(loss) per ordinary share (cents)",null,null,null,6]
[]
["Basic earnings/(loss)",null,null,null,null,-1003.1479371568895,82]
["Diluted earnings/(loss)",null,null,null,null,-1004.2019196870864,78.829264660968875]
[]
[]
[]
["The accompanying notes are an integral part of these condensed consolidated financial statements."]
[]
[]
[]
["The condensed consolidated provisional financial statements (condensed consolidated financial statements) for the year ended \n30 June 2018 have been prepared by Harmony Gold Mining Company Limited’s corporate reporting team headed by Boipelo Lekubo CA(SA). This process was supervised by the financial director, Frank Abbott CA(SA) and approved by the board of Harmony Gold Mining Company Limited on 21 August 2018. These condensed consolidated financials have been reviewed by the group's external auditors, PricewaterhouseCoopers Incorporated (see note 21)."]

{"sheet":"Publish SOCI and SOCE (R)","index":1,"n_rows":77,"n_cols":7,"rows_kept":77,"cut":false,"hidden":false,"merged":[[74,0,74,6],[73,0,73,6],[13,0,13,4],[72,0,72,6],[0,0,1,6],[49,4,50,4],[49,5,50,5],[49,6,50,6],[49,3,50,3],[41,0,42,6],[6,5,6,6]]}
["CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (RAND)"]
[]
[]
[]
[]
[]
[null,null,null,null,null,"Year ended"]
[null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,2018,2017]
["Figures in million",null,null,null,"Notes","(Reviewed)","(Audited)"]
[]
[]
["Net profit/(loss) for the year",null,null,null,null,-4473,362]
["Other comprehensive income/(loss) for the year, net of income tax",null,null,null,null,-660,818]
[]
[]
["Items that may be reclassified subsequently to profit or loss:",null,null,null,null,-647,821]
[]
["Foreign exchange translation gain/(loss)",null,null,null,null,83,-322]
["Remeasurement of Rand gold contracts",null,null,null,9]
["Unrealised gain on Rand gold contracts",null,null,null,null,273,2172]
["Released to revenue",null,null,null,null,-1197,-728]
["Released to gains on derivatives",null,null,null,null,0,-16]
["Deferred taxation thereon",null,null,null,null,194,-285]
[]
["Items that will not be reclassified to profit or loss:",null,null,null,null,-13,-3]
["Remeasurement of retirement benefit obligation"]
["   Actuarial loss recognised during the period",null,null,null,null,-11,-1]
["   Deferred taxation thereon",null,null,null,null,-2,-2]
[]
[]
["Total comprehensive income/(loss) for the year",null,null,null,null,-5133,1180]
[]
[]
[]
["Attributable to:"]
["Owners of the parent",null,null,null,null,-5133,1180]
[]
["The accompanying notes are an integral part of these condensed consolidated financial statements."]
[]
[]
["CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (RAND)"]
[]
[]
["for the year ended 30 June 2018 "]
[]
[]
[]
[]
["Figures in million",null,null,"Share capital","Accumulated loss","Other reserves","Total"]
[]
[]
["Balance - 30 June 2017",null,null,28336,-4486,5441,29291]
["Issue of shares1",null,null,1004,0,0,1004]
["Share-based payments",null,null,0,0,374,374]
["Net loss for the year",null,null,0,-4473,0,-4473]
["Other comprehensive loss for the year",null,null,0,0,-660,-660]
["Reclassification from other reserves",null,null,0,10,-10,0]
["Dividends paid2",null,null,0,-154,0,-154]
[]
[]
["Balance - 30 June 2018 (Reviewed)",null,null,29340,-9103,5145,25382]
[]
[]
["Balance - 30 June 2016",null,null,28336,-4409,4252,28179]
["Share-based payments",null,null,0,0,371,371]
["Net profit for the year",null,null,0,362,0,362]
["Other comprehensive income for the year",null,null,0,0,818,818]
["Dividends paid3",null,null,0,-439,0,-439]
[]
[]
["Balance - 30 June 2017 (Audited)",null,null,28336,-4486,5441,29291]
["1 Includes the issue of 55 million shares in an accelerated bookbuild in June 2018. Refer to note 11 for further information. "]
["2 Dividend of 35 SA cents declared on 15 August 2017."]
["3 Dividend of 50 SA cents declared on 15 August 2016 and dividend of 50 SA cents declared on 31 January 2017."]
[]
["The accompanying notes are an integral part of these condensed consolidated financial statements."]

{"sheet":"Publish BS (R)","index":2,"n_rows":86,"n_cols":7,"rows_kept":86,"cut":false,"hidden":false,"merged":[[0,0,1,6],[43,0,44,0],[9,0,10,0],[85,0,85,6]]}
["CONDENSED CONSOLIDATED BALANCE SHEETS (RAND)"]
[]
[]
[null,null,null,null,null,"At","At"]
[null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,2018,2017]
["Figures in million",null,null,"Notes","Note","(Reviewed)","(Audited)"]
[]
[]
["ASSETS"]
[]
["Non-current assets"]
[]
["Property, plant and equipment",null,null,8,4,31001,30044]
["Intangible assets",null,null,8,null,515,603]
["Restricted cash",null,null,null,null,77,64]
["Restricted investments",null,null,7,null,3271,2658]
["Investments in associates",null,null,null,null,84,46]
["Trade and other receivables",null,null,null,null,253,185]
["Derivative financial instruments",null,null,9,null,84,306]
["Inventories",null,null,null,null,46,38]
["Other non-current assets",null,null,null,null,11,4]
[]
[]
["Total non-current assets",null,null,null,null,35342,33948]
[]
[]
["Current assets"]
[]
["Inventories",null,null,10,4,1759,1127]
["Restricted cash",null,null,null,null,38,18]
["Trade and other receivables",null,null,null,{"$error":"#REF!"},1139,1003]
["Derivative financial instruments",null,null,9,7,539,1541]
["Cash and cash equivalents",null,null,null,4,706,1246]
[]
[]
["Total current assets",null,null,null,null,4181,4935]
[]
[]
["Total assets",null,null,null,null,39523,38883]
[]
[]
[]
["EQUITY AND LIABILITIES"]
[]
["Share capital and reserves"]
[]
["Share capital",null,null,11,null,29340,28336]
["Other reserves",null,null,null,null,5145,5441]
["Accumulated loss",null,null,null,null,-9103,-4486]
[]
[]
["Total equity",null,null,null,null,25382,29291]
[]
[]
[]
["Non-current liabilities"]
[]
["Deferred tax liabilities",null,null,5,null,1147,1702]
["Derivative financial instruments",null,null,9,null,10,0]
["Provision for environmental rehabilitation",null,null,7,4,3309,2638]
["Provision for silicosis settlement",null,null,12,null,925,917]
["Retirement benefit obligation",null,null,null,null,186,179]
["Trade and other payables",null,null,null,null,41,13]
["Borrowings",null,null,13,{"$error":"#REF!"},4924,299]
[]
[]
["Total non-current liabilities",null,null,null,null,10542,5748]
[]
[]
[]
["Current liabilities"]
[]
["Borrowings",null,null,13,{"$error":"#REF!"},690,1834]
["Derivative financial instruments",null,null,9,0,205,0]
["Trade and other payables",null,null,null,4,2704,2010]
[]
[]
["Total current liabilities",null,null,null,null,3599,3844]
[]
[]
["Total equity and liabilities",null,null,null,null,39523,38883]
[]
[]
[]
["The accompanying notes are an integral part of these condensed consolidated financial statements."]

{"sheet":"Cash Flow Statement (R)","index":3,"n_rows":56,"n_cols":9,"rows_kept":56,"cut":false,"hidden":false,"merged":[[55,0,55,8],[0,0,2,8],[4,7,4,8]]}
["CONDENSED CONSOLIDATED CASH FLOW STATEMENTS (RAND)"]
[]
[]
[]
[null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,2018,2017]
["Figures in million",null,null,null,null,null,"Notes","(Reviewed)","(Audited)"]
[]
[]
[]
["Cash flow from operating activities"]
["Cash generated by operations",null,null,null,null,null,null,4289,4346]
["Interest received",null,null,null,null,null,null,82,75]
["Interest paid",null,null,null,null,null,null,-180,-79]
["Income and mining taxes paid",null,null,null,null,null,null,-307,-538]
[]
[]
["Cash generated by operating activities",null,null,null,null,null,null,3884,3804]
[]
[]
["Cash flow from investing activities"]
["Increase in restricted cash",null,null,null,null,null,null,-32,-1]
["Decrease in amounts invested in restricted investments",null,null,null,null,null,null,0,7]
["Cash on acquisition of Hidden Valley",null,null,null,null,null,null,0,459]
["Consideration paid for the acquisition of Moab Khotsong operations",null,null,null,null,null,null,-3474,0]
["Proceeds from disposal of property, plant and equipment",null,null,null,null,null,null,2,42]
["Additions to property, plant and equipment",null,null,null,null,null,15,-4571,-3890]
[]
[]
["Cash utilised by investing activities",null,null,null,null,null,null,-8075,-3383]
[]
[]
["Cash flow from financing activities"]
["Borrowings raised",null,null,null,null,null,13,6937,699]
["Borrowings repaid",null,null,null,null,null,13,-4063,-710]
["Proceeds from the issue of shares1",null,null,null,null,null,11,1003,0]
["Dividends paid",null,null,null,null,null,null,-154,-439]
[]
[]
["Cash generated/(utilised) by financing activities",null,null,null,null,null,null,3723,-450]
[]
[]
["Foreign currency translation adjustments",null,null,null,null,null,null,-72,19]
[]
[]
["Net decrease in cash and cash equivalents",null,null,null,null,null,null,-540,-10]
["Cash and cash equivalents - beginning of year",null,null,null,null,null,null,1246,1256]
[]
[]
["Cash and cash equivalents - end of year",null,null,null,null,null,null,706,1246]
[]
[]
["1 Net of share issue costs of R50 million. "]
[]
["The accompanying notes are an integral part of these condensed consolidated financial statements."]

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["NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS "]
[]
[]
["for the year ended 30 June 2018 (Rand)"]
[]
[1,"Accounting policies"]
[]
[null,"Basis of accounting"]
[null,"The condensed consolidated financial statements for the year ended 30 June 2018 are prepared in accordance with the requirements of the JSE Limited Listings Requirements for provisional reports and the requirements of the Companies Act no. 71 of 2008 of South Africa. The Listings Requirements require provisional reports to be prepared in accordance with the framework concepts and the measurement and recognition requirements of International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements as issued by the Financial Reporting Standards Council and to also, as a minimum, contain the information required by IAS 34 Interim Financial Reporting. The accounting policies applied in the preparation of the condensed consolidated financial statements are in terms of IFRS and are consistent with those applied in the previous consolidated annual financial statements."]
[]
[]
[]
[]
[]
[]
[]
[]
[null,"The amendment to IAS 7, Statement of Cash Flows has been adopted with effect 1 July 2017 and had no impact on the results of the group (other than disclosure within the full financial statements) in the current period."]
[]
[]
[null,"As of 1 July 2018, IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers will become effective for the group. The impact of these two standards are discussed below."]
[]
[]
[null,"Impact of the adoption of IFRS 9 – Financial Instruments"]
[null,"This standard on classification and measurement of financial assets and financial liabilities will replace IAS 39, Financial Instruments: Recognition and Measurement. IFRS 9 has two measurement categories: amortised cost and fair value. The group has performed an assessment of the impact of the adoption of IFRS 9 based on its position at 30 June 2018."]
[]
[]
[]
[null,"Recognition and measurement"]
[null,"The group does not expect the new guidance to have a significant impact on the classification and measurement of its financial assets for the following reasons:\n- The equity instruments that are currently classified as available-for-sale financial assets appear to satisfy the conditions for classification as at fair value through other comprehensive income and hence there will be no change to the accounting for these assets;\n- A fair value through other comprehensive income (FVOCI) election is available for the equity instruments which are currently classified as available-for-sale;\n- Equity investments currently measured at fair value through profit or loss (FVPL) will likely continue to be measured on the same basis under IFRS 9; and\n- Debt instruments currently classified as held-to-maturity and measured at amortised cost appear to meet the conditions for classification at amortised cost under IFRS 9.\n"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,"There will be no impact on the group’s accounting for financial liabilities, as the new requirements only affect the accounting for financial liabilities that are designated at fair value through profit or loss and currently the group’s financial liabilities are all measured at amortised cost. "]
[]
[]
[]
[null,"The derecognition rules have been transferred from IAS 39 Financial Instruments: Recognition and Measurement and have not been changed."]
[]
[]
[null,"Impairment"]
[null,"The impairment model requires the recognition of impairment provisions based on expected credit losses (ECL) rather than only incurred credit losses as is the case under IAS 39. The impact of the new impairment requirements is not expected to be material for the following reasons:\n- The group does not generally carry significant assets that are subject to the new impairment requirements; and\n- The group expects to make use of practical expedients when measuring expected credit losses on trade receivables.\n"]
[]
[]
[]
[]
[]
[]
[null,"Hedge accounting"]
[null,"The new hedge accounting rules will align the accounting for hedging instruments more closely with the group’s risk management practices. As a general rule, more hedge relationships might be eligible for hedge accounting, as the standard introduces a more principles-based approach. However, at this stage the group does not expect to identify any new hedge relationships. The group’s existing hedge relationships appear to qualify as continuing hedges upon the adoption of IFRS 9. As a consequence, the group does not expect a significant impact on the accounting for its hedging relationships."]
[]
[]
[]
[]
[]
[]
[null,"Disclosure"]
[null,"Extensive disclosures are required, including reconciliations from opening to closing amounts of the ECL provision, assumptions and inputs and a reconciliation on transition of the original classification categories under IAS 39 to the new classification categories in IFRS. These are expected to change the nature and extent of the group’s disclosures about its financial instruments particularly in the year of the adoption of the new standard."]
[]
[]
[]
[]
[null,"The group expects to apply the standard prospectively without restating any comparative figures. The difference between the carrying amount of financial instruments before the adoption of IFRS 9 and the new carrying amount calculated in accordance with the standard at the beginning of the annual reporting period that includes the date of initial application will be recognised directly in the opening balance of equity in the annual reporting period that includes the date of initial application."]
[]
[]
[]
[]
[]
[]
[1,"Accounting policies continued"]
[]
[null,"Impact of the adoption of IFRS 15 – Revenue from Contracts with Customers "]
[null,"The group has performed an assessment of the impact of the adoption of IFRS 15 based on its position at 30 June 2018. Revenue is currently recognised when the goods are delivered and a certificate of sale is issued by the customer, which is taken to be the point in time at which the customer accepts the goods and the related risks and rewards of ownership transfer. Revenue is recognised at this point provided that the revenue and costs can be measured reliably, the recovery of the consideration is probable and there is no continuing management involvement with the goods.  "]
[]
[]
[]
[]
[]
[]
[null,"Under IFRS 15, revenue will be recognised when a customer obtains control of the goods. The group expects that the certificate of sale will continue to drive revenue recognition as this is the point when control of the goods effectively transfers to the customer.\n\n\n\n"]
[]
[]
[]
[null,"However, on adoption of IFRS 15, the group will disclose revenue from all contracts with customer, including by-products in revenue. Currently, revenue from by-products is disclosed as a credit to cost of sales.  The change in classification will result in a consequential increase in costs of sales, and therefore will not have an impact on previously reported gross profit or loss."]
[]
[]
[]
[]
[null,"The group expects to apply the standard retrospectively to each prior reporting period presented in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors."]
[]
[]
[]
[null,"If IFRS 15 was applied retrospectively from 1 July 2017 to the earliest comparative period presented, it is expected to have the following impact on revenue and cost of sales:\n"]
[]
[]
[null," ",null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Reviewed)"]
[]
[]
[null,"Revenue",null,null,null,null,null,null,null,null,null,null,20359,19264]
[null,"By-product revenue1",null,null,null,null,null,null,null,null,null,null,93.339850455999994,230]
[null,"Revenue (restated)",null,null,null,null,null,null,null,null,null,null,20452.339850455999,19494]
[null,"% Change",null,null,null,null,null,null,null,null,null,null,0,0.01]
[]
[null,"Cost of sales",null,null,null,null,null,null,null,null,null,null,23503,19639]
[null,"By-product revenue1",null,null,null,null,null,null,null,null,null,null,93.339850455999994,230]
[null,"Cost of sales (restated)",null,null,null,null,null,null,null,null,null,null,23596.339850455999,19869]
[null,"% Change",null,null,null,null,null,null,null,null,null,null,0,0.01]
[null,"1 By product revenue relates to silver and uranium sales"]
[]
[2,"Cost of sales"]
[]
[null," ",null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[]
[null,"Production costs - excluding royalty1",null,null,null,null,null,null,null,null,null,null,14840.299039703001,14597.007652101]
[null,"Royalty expense",null,null,null,null,null,null,null,null,null,null,150.70096029699999,214.99234789899998]
[null,"Amortisation and depreciation",null,null,null,null,null,null,null,null,null,null,2570,2519]
[null,"Impairment of assets2",null,null,null,null,null,null,null,null,null,null,5336,1718]
[null,"Rehabilitation expenditure3",null,null,null,null,null,null,null,null,null,null,69,23]
[null,"Care and maintenance cost of restructured shafts",null,null,null,null,null,null,null,null,null,null,128,109]
[null,"Employment termination and restructuring costs4",null,null,null,null,null,null,null,null,null,null,208,74]
[null,"Share-based payments",null,null,null,null,null,null,null,null,null,null,244,391]
[null,"Other",null,null,null,null,null,null,null,null,null,null,-43,-7]
[]
[]
[null,"Total cost of sales",null,null,null,null,null,null,null,null,null,null,23503,19639]
[]
[]
[null,"1 Production costs for 2018 include R1 billion related to Moab Khotsong operations. Production costs related to Hidden Valley were R1 billion lower than the comparative period. Refer to note 8 for further information. "]
[]
[null,"2 Impairments during the year are an outcome of forecast cost inflation as compared to a subdued gold price and the resultant impact on margins. Refer to note 8 for further information. "]
[]
[null,"3 Included in the total for 2018 is a credit of R27 million (2017: R109 million) relating to the change in estimate following the annual reassessment of the provision for environmental rehabilitation."]
[]
[null,"4 The increase in 2018 relates to the extension of the voluntary severance programme."]
[]
[3,"Gains on derivatives"]
[]
[null,"Gains on derivatives include the fair value movements of derivatives which have not been designated as hedging instruments for hedge accounting purposes, the amortisation of day one gains and losses for hedging instruments and hedging ineffectiveness."]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[]
[null,"Derivative gain1",null,null,null,null,null,null,null,null,null,null,136,1103]
[null,"Hedge ineffectiveness",null,null,null,null,null,null,null,null,null,null,0,16]
[null,"Day one loss amortisation",null,null,null,null,null,null,null,null,null,null,-37,-94.107448310000009]
[]
[]
[null,"Total gains on derivatives",null,null,null,null,null,null,null,null,null,null,99,1024.7544296899998]
[]
[null,"1Relates primarily to the foreign exchange hedging contracts. Refer to note 9. "]
[]
[4,"Other operating expenses"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[null,"Social investment expenditure",null,null,null,null,null,null,null,null,null,null,73,74]
[null,"Profit on sale of property, plant and equipment",null,null,null,null,null,null,null,null,null,null,-2,-42]
[null,"Loss on scrapping of property, plant and equipment",null,null,null,null,null,null,null,null,null,null,1,140]
[null,"Foreign exchange translation loss/(gain)2",null,null,null,null,null,null,null,null,null,null,682,-194]
[null,"Silicosis settlement (reversal of provision)/provision",null,null,null,null,null,null,null,null,null,12,-68,917]
[null,"(Reversal of provision)/provision for ARM BEE loan1",null,null,null,null,null,null,null,null,null,null,-43,13]
[null,"Other operating expenses/(income)",null,null,null,null,null,null,null,null,null,null,24,-22]
[]
[]
[null,"Total other operating expenses",null,null,null,null,null,null,null,null,null,null,667,886]
[]
[]
[null,"1 The provision was reversed following an increase in African Rainbow Minerals (ARM) Limited's share price and dividends paid in the period between July 2017 and June 2018, which form part of the recoverability test at 30 June 2018."]
[]
[null,"2 Refer to note 13 for the foreign exchange translation loss/(gain) on the US$ borrowings."]
[]
[5,"Taxation"]
[]
[null,"The lower current taxation expense for the year ended 30 June 2018 compared to the previous year relates to a decrease in gains on derivatives and a foreign exchange translation loss compared to the comparative period."]
[]
[]
[]
[null,"The deferred tax credit for the year ended 30 June 2018 relates to a reversal of temporary differences on fixed assets as a result of the impairment. Contributing further to the deferred tax credit in the current and comparative period is a reduction in the weighted average deferred tax rates for most of the South African companies as a result of decreased profitability of the operations. The deferred tax rates for Freegold (consisting of Tshepong operations, Bambanani and Joel) decreased from 12.5% to 8.7% (2017: 20.0% to 12.5%) and for Randfontein (consisting of Doornkop and Kusasalethu) decreased from 3.8% to 1.8% (2017: 10.1% to 3.8%).  "]
[]
[]
[]
[]
[]
[6,"Earnings per ordinary share"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,null,null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[null,"Weighted average number of shares (million)",null,null,null,null,null,null,null,null,null,null,445.89634632328767,438.44299999999998]
[null,"Weighted average number of diluted shares (million)",null,null,null,null,null,null,null,null,null,null,465.31940508419922,459.22031818627232]
[]
[null,"Total earnings per share (cents):"]
[]
[null,"Basic earnings/(loss)",null,null,null,null,null,null,null,null,null,null,-1003.1479371568895,82]
[null,"Diluted earnings/(loss)",null,null,null,null,null,null,null,null,null,null,-1004.2019196870864,78.829264660968875]
[null,"Headline earnings",null,null,null,null,null,null,null,null,null,null,171.07547043135068,297.83698954148048]
[null,"Diluted headline earnings",null,null,null,null,null,null,null,null,null,null,162.88056732394847,284.33428452143613]
[]
[]
[]
[6,"Earnings per ordinary share continued"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[]
[]
[null,"Reconciliation of headline earnings:"]
[]
[null,"Net profit/(loss)",null,null,null,null,null,null,null,null,null,null,-4473,362]
[null,"Adjusted for:"]
[null,"Impairment of assets",null,null,null,null,null,null,null,null,null,null,5336,1717.8218900000002]
[null,"Taxation effect on impairment of assets",null,null,null,null,null,null,null,null,null,null,-99,-25.761303900000001]
[null,"Profit on sale of property, plant and equipment",null,null,null,null,null,null,null,null,null,null,-2,-41.767747999999997]
[null,"Taxation effect on profit on sale of property, plant and equipment",null,null,null,null,null,null,null,null,null,null,0,6.7297582399999998]
[null,"Loss on scrapping of property, plant and equipment",null,null,null,null,null,null,null,null,null,null,1,139.80417799999998]
[null,"Taxation effect on loss on scrapping of property, plant and equipment",null,null,null,null,null,null,null,null,null,null,0,-18.689028248]
[null,"Gain on bargain purchase1",null,null,null,null,null,null,null,null,null,null,0,-848.47299999999996]
[null,"Loss on liquidation of subsidiary1",null,null,null,null,null,null,null,null,null,null,0,14.056059999999999]
[]
[]
[null,"Headline earnings",null,null,null,null,null,null,null,null,null,null,763,1305.7208060920002]
[]
[]
[null,"1 There is no taxation effect on these items."]
[]
[7,"Acquisition of Moab Khotsong"]
[]
[null,"Effective 1 March 2018 the group acquired the Moab Khotsong and Great Noligwa mines and related infrastructure as well as gold-bearing tailings and the Nufcor uranium plant (collectively the Moab Khotsong operations) from AngloGold Ashanti Limited on a going concern basis. The addition of the Moab Khotsong operations will increase the group's production ounces, free cash flows and average underground gold recovery grade. The combined assets acquired and liabilities assumed constitute a business as defined by IFRS 3 Business Combinations."]
[]
[]
[]
[]
[]
[null,"For the four months ended 30 June 2018, the Moab Khotsong operations contributed revenue of R1.7 billion and profit of \nR308 million to the group's results. If the acquisition had occurred on 1 July 2017, the group’s unaudited consolidated revenue would have increased by a further R3.4 billion and unaudited consolidated profit would have increased by a further R603 million."]
[]
[]
[]
[null,"Consideration transferred"]
[null,"The cash consideration paid to acquire the Moab Khotsong operations amounted to R3 474 million (US$300 million)."]
[]
[null,"Acquisition related costs"]
[null,"The group incurred acquisition related costs of R98 million on advisory and legal fees. These costs are recognised as acquisition related costs in the income statement."]
[]
[]
[null,"Identifiable assets acquired and liabilities assumed"]
[]
[null,"The purchase price allocation (PPA) has been prepared on a provisional basis in accordance with IFRS 3. If new information obtained within one year of the acquisition date, about facts and circumstances that existed at the acquisition date, then the accounting for the acquisition will be revised. The values measured on a provisional basis include, inter alia, Property, plant and equipment, deferred tax and the finalisation of the effective date tax values. "]
[]
[]
[]
[]
[null,"The fair value of the identifiable net assets acquired was determined on the expected discounted cash flows based on the life-of-mine plans of the Moab Khotsong operations at post-tax real discount rates ranging between 8.20% and 11.30%, exchange rates ranging between R/US$11.86 and R/US$15.82, gold prices ranging between US$1 249/oz and US$1 302/oz and uranium prices ranging between US$30.44/lb and US$37.47/lb. The valuation was performed as at 1 March 2018. "]
[]
[]
[]
[]
[]
[]
[7,"Acquisition of Moab Khotsong continued"]
[]
[null,"The fair values as at the effective date are as follows:"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"At"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"1 March"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"2018"]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,null,"(Reviewed)"]
[]
[null,"Property, plant and equipment",null,null,null,null,null,null,null,null,null,null,null,3723]
[null,"Environmental rehabilitation trust funds",null,null,null,null,null,null,null,null,null,null,null,382]
[null,"Inventories",null,null,null,null,null,null,null,null,null,null,null,72]
[null,"Deferred tax liabilities",null,null,null,null,null,null,null,null,null,null,null,-77]
[null,"Provision for environmental rehabilitation",null,null,null,null,null,null,null,null,null,null,null,-663]
[null,"Retirement benefit obligation",null,null,null,null,null,null,null,null,null,null,null,-10]
[null,"KOSH deep groundwater pollution liability",null,null,null,null,null,null,null,null,null,null,null,-37]
[null,"Leave liabilities",null,null,null,null,null,null,null,null,null,null,null,-140]
[null,"Other payables",null,null,null,null,null,null,null,null,null,null,null,-48]
[]
[]
[null,"Total fair value of identifiable net assets acquired",null,null,null,null,null,null,null,null,null,null,null,3202]
[]
[]
[null,"Goodwill"]
[null,"Goodwill arising from the acquisition has been recognised as follows:"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"At \n30 June \n2018"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"At"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"1 March"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"2018"]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,null,"(Reviewed)"]
[]
[null,"Consideration paid",null,null,null,null,null,null,null,null,null,null,null,3474]
[null,"Fair value of identifiable assets",null,null,null,null,null,null,null,null,null,null,null,-3202]
[]
[]
[null,"Goodwill",null,null,null,null,null,null,null,null,null,null,null,272]
[]
[]
[null,"The goodwill has been provisionally allocated to the Moab Khotsong operations. The goodwill is attributable mainly to the skills and technical talent of the Moab Khotsong operations' work force and the synergies expected to be achieved from integrating the Moab Khotsong operations into the group's existing mining activities. None of the goodwill recognised is expected to be deductible for tax purposes."]
[]
[]
[]
[]
[8,"Property, plant and equipment and intangible assets"]
[]
[]
[null,"(a)","Acquisition of Moab Khotsong operations"]
[null,null,"Refer to note 7 for details on the property, plant and equipment acquired as part of the Moab Khotsong acquisition."]
[]
[null,"(b)","Impairment of property, plant and equipment"]
[]
[null,null,"The recoverable amount of mining assets is determined utilising real discounted future cash flows or resource multiples in the case of undeveloped properties and Doornkop's Kimberley reef resources. One of the most significant assumptions that influence the group's operations' life-of-mine plans, and therefore impairment, is the expected gold price. During this year's planning and testing, commodity price and exchange rate assumptions as per the table below were used. Post-tax real discount rates ranging between 8.35% and 10.25% (2017: 8.98% and 11.92%), depending on the asset, were used to determine the recoverable amounts (fair value less costs to sell)."]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,"2018","2017"]
[null,null,null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[null,null,"Gold price (US$/oz)",null,null,null,null,null,null,null,null,null,1250,1200]
[null,null,"Silver price (US$/oz)",null,null,null,null,null,null,null,null,null,17,17]
[null,null,"Exchange rate (R/US$)",null,null,null,null,null,null,null,null,null,13.3,13.61]
[null,null,"Exchange rate (PGK/US$)",null,null,null,null,null,null,null,null,null,3.17,3.16]
[null,null,"Rand gold price (R/kg)",null,null,null,null,null,null,null,null,null,535000,525000]
[]
[null,null,"Values of US$25.00, US$8.00 and US$2.80 per ounce were used for measured, indicated and inferred resources, respectively. For Hidden Valley, US$5.84 per ounce was used for indicated and inferred resources."]
[]
[]
[8,"Property, plant and equipment and intangible assets continued"]
[]
[null,"(b)","Impairment of property, plant and equipment continued"]
[]
[null,null,"The impairment of assets consists of the following:"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,"2018","2017"]
[null,null,"Figures in million",null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[null,null,"Tshepong operations (a)",null,null,null,null,null,null,null,null,null,988,255]
[null,null,"Joel (a)",null,null,null,null,null,null,null,null,null,160,0]
[null,null,"Other Freegold assets (a)",null,null,null,null,null,null,null,null,null,174,0]
[null,null,"Target 1 (b)",null,null,null,null,null,null,null,null,null,699,785]
[null,null,"Unisel (c)",null,null,null,null,null,null,null,null,null,487,0]
[null,null,"Masimong (c)",null,null,null,null,null,null,null,null,null,329,0]
[null,null,"Other Harmony assets (c)",null,null,null,null,null,null,null,null,null,145,0]
[null,null,"Kusasalethu (d)",null,null,null,null,null,null,null,null,null,579,678]
[null,null,"Doornkop (e)",null,null,null,null,null,null,null,null,null,317,0]
[null,null,"Target North (e)1",null,null,null,null,null,null,null,null,null,1458,0]
[null,null,"Total impairment",null,null,null,null,null,null,null,null,null,5336,1718]
[null,null,"1Target North has not been allocated to a segment. Refer to note 19 for further information. "]
[]
[null,null,"(a)","Goodwill of R326 million was impaired on Tshepong operations which has a recoverable amount of R7.4 billion. Goodwill of \nR41 million was impaired on Joel which has a recoverable amount of R876 million.  Other Freegold assets assessed have a recoverable amount of R187 million. The updated life-of-mine for Tshepong operations, Joel and other Freegold assets presented a marginal decrease in recovered grade. "]
[]
[]
[]
[]
[null,null,"(b)",null,"Target 1 has a recoverable amount of R1.2 billion. Exploration drilling during the year resulted in lower grade estimates for certain blocks that had previously been included in the life-of-mine plan but have now subsequently been excluded. "]
[]
[]
[null,null,"(c)",null,"Unisel has a recoverable amount of R38 million. Masimong has a recoverable amount of R58 million and other Harmony assets have a recoverable amount of R249 million. The impairment at Unisel was driven by a reduced remaining life-of-mine and a focus on the higher grade Basal Reef, whilst the impairment at Masimong was as a result of the depletion of the higher grade B Reef and subsequent reduced resources footprint."]
[]
[]
[]
[]
[null,null,"(d)",null,"Kusasalethu has a recoverable amount of R2.1 billion. The old mine at the operation was excluded in the FY19 life-of-mine plan."]
[]
[]
[null,null,"(e)",null,"Doornkop has a recoverable amount of R2.7 billion. Target North has a recoverable amount of R3.7 billion. "]
[null,null,null,null,"The impairments of Doornkop and Target North are primarily as a result of a decrease in resource values. During the year, the resource multiples were reassessed in order to be reflective of current market conditions using multiples derived from past transactions with an adjustment for the gold price. The transactions were used to derive US$/oz multiples for resources. The resource per ounce values have decreased substantially as a result of the low levels of merger and acquisition activity influencing the marketability of resource companies in South Africa, and more specifically gold mining companies. "]
[]
[]
[]
[]
[]
[null,null,"The recoverable amounts for these assets were determined on a fair value less costs to sell basis using assumptions above in the discounted cash flow models and attributable resource values. These are fair value measurements classified as level 3."]
[]
[]
[]
[]
[8,"Property, plant and equipment and intangible assets continued"]
[]
[null,null,"Sensitivity analysis"]
[null,null,"A 10% decrease or increase in the gold price and resource values used (with all other variables held constant) would have resulted in the following impairment as at 30 June 2018:"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June 2018"]
[null,null,"Figures in million",null,null,null,null,null,null,null,null,null,"10% decrease","10% increase "]
[null,null,"Unisel",null,null,null,null,null,null,null,null,null,525,433]
[null,null,"Masimong",null,null,null,null,null,null,null,null,null,386,59]
[null,null,"Doornkop",null,null,null,null,null,null,null,null,null,2052,0]
[null,null,"Kusasalethu",null,null,null,null,null,null,null,null,null,2716,0]
[null,null,"Bambanani ",null,null,null,null,null,null,null,null,null,222,0]
[null,null,"Tshepong operations",null,null,null,null,null,null,null,null,null,5174,0]
[null,null,"Joel",null,null,null,null,null,null,null,null,null,882,0]
[null,null,"Moab Khotsong",null,null,null,null,null,null,null,null,null,1636,0]
[null,null,"Target 1",null,null,null,null,null,null,null,null,null,1684,0]
[null,null,"Target 3",null,null,null,null,null,null,null,null,null,141,0]
[null,null,"Other mining assets",null,null,null,null,null,null,null,null,null,540,0]
[null,null,"Target North",null,null,null,null,null,null,null,null,null,1826,1090]
[null,null,"Hidden Valley",null,null,null,null,null,null,null,null,null,752,0]
[]
[]
[null,"(c)","Hidden Valley"]
[null,null,"Hidden Valley underwent a planned plant shutdown in order to upgrade processing infrastructure and simultaneously develop the stage 5 and 6 cut back. The planned shutdown commenced in August 2017 and production costs of R1 billion were capitalised to property, plant and equipment (PPE). Capitalisation of production costs ceased in June 2018 when commercial levels of production were achieved. A further R114 million of borrowing costs were capitalised to PPE during the year. "]
[]
[]
[]
[]
[null,"(d)","Intangible assets"]
[]
[null,null,"The movement in the net carrying value of goodwill within intangible assets is as follows: "]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,"2018","2017"]
[null,null,"Figures in million",null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[null,null,"Opening balance",null,null,null,null,null,null,null,null,null,591,846]
[null,null,"Acquisition of Moab Khotsong operations",null,null,null,null,null,null,null,null,null,272,0]
[null,null,"Impairment - Tshepong operations",null,null,null,null,null,null,null,null,null,-326,-255]
[null,null,"Impairment - Joel",null,null,null,null,null,null,null,null,null,-41,0]
[]
[null,null,"Total Goodwill",null,null,null,null,null,null,null,null,null,496,591]
[]
[]
[9,"Derivative financial instruments"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"At \n30 June \n2018","At \n30 June \n2017"]
[]
[]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[]
[null,"Non-current ",null,null,null,null,null,null,null,null,null,null,74,306]
[]
[null,"Rand gold forward sale contracts (a)",null,null,null,null,null,null,null,null,null,null,60,298]
[null,"US$ commodity contracts (b)",null,null,null,null,null,null,null,null,null,null,11,8]
[null,"Forward exchange hedging contracts (c)",null,null,null,null,null,null,null,null,null,null,3,0]
[]
[null,"Current",null,null,null,null,null,null,null,null,null,null,334,1541]
[]
[null,"Rand gold forward sale contracts (a)",null,null,null,null,null,null,null,null,null,null,410,1080]
[null,"US$ commodity contracts (b)",null,null,null,null,null,null,null,null,null,null,63,12]
[null,"Foreign exchange hedging contracts (c)",null,null,null,null,null,null,null,null,null,null,-139,449]
[]
[]
[null,"Total derivative financial instruments",null,null,null,null,null,null,null,null,null,null,408,1847]
[]
[]
[9,"Derivative financial instruments continued"]
[]
[null,"(a)","Harmony has entered into rand gold forward sale derivative contracts to hedge the risk of lower rand/gold prices. Cash flow hedge accounting is applied to the majority of these contracts, resulting in the effective portion of the unrealised gains and losses being recorded in other comprehensive income (other reserves). During the year ended 30 June 2018, the contracts that matured realised a gain of R1 197 million (June 2017: R744 million), which has been included in revenue (June 2017: R728 million). There was no ineffective portion in the current year (June 2017: R16 million). The unamortised portion of the day one gain or loss amounted to \nR11 million on 30 June 2018 (June 2017: R34 million). The gains and losses from non-hedge accounted rand gold forward sale contracts are included in gains on derivatives."]
[]
[]
[]
[]
[]
[]
[]
[null,"(b)","During May 2017, Harmony began a hedging programme for Hidden Valley by entering into commodity hedging contracts. The contracts comprise US$ gold forward sale derivative contracts as well as silver zero cost collars which establish a minimum (floor) and maximum (cap) silver sales price. Hedge accounting is not applied and the resulting gains and losses are recorded in gains on derivatives in the income statement.  The gain amounted to R35 million (June 2017: R20 million gain)."]
[]
[]
[]
[]
[null,"(c)","Harmony maintains a foreign exchange hedging programme in the form of zero cost collars, which establish a floor and cap US$/Rand exchange rate at which to convert US dollars to Rands, and foreign exchange forward contracts. As hedge accounting is not applied, the resulting gains and losses have been recorded in gains on derivatives in the income statement. These gains amounted to \nR113 million (June 2017: R1 082 million)."]
[]
[]
[]
[]
[null,null,"The following table shows the open position at the reporting date:"]
[]
[null,null,null,null,null,"FY19",null,null,null,"FY20",null,null,null,"TOTAL"]
[null,null,null,null,null,"Q1","Q2","Q3","Q4","Q1","Q2","Q3","Q4"]
[]
[null,null,"US$ZAR"]
[]
[null,null,"Zero cost collars"]
[null,null,"US$m",null,null,94,53,45,60,0,0,0,0,252]
[null,null,"Floor",null,null,14.09,14.139999999999999,13.139999999999999,13.09,0,0,0,0,13.692777777777779]
[null,null,"Cap",null,null,15.09,15.08,13.8,13.77,0,0,0,0,14.543253968253968]
[]
[null,null,"Forward Contracts"]
[null,null,"US$m",null,null,8,59,69,65,18,18,18,18,273]
[null,null,"FEC",null,null,13.55,13.5,13.63,13.760000000000002,14.59,14.76,14.940000000000001,15.119999999999997,13.95]
[]
[null,null,"Total US$ZAR"]
[]
[null,null,"US$m",null,null,102,112,114,125,18,18,18,18,525]
[]
[null,null,"R/gold"]
[]
[null,null,"'000 oz",null,null,54,51,53,41,43,34,15,9,300]
[null,null,"R'000/kg",null,null,697,621,630,614,622,643,631,655,639]
[]
[null,null,"US$/gold"]
[]
[null,null,"'000 oz",null,null,24,24,20,18,6,4,0,0,96]
[null,null,"US$/oz",null,null,1288,1291,1335,1338,1370,1400,0,0,1318]
[]
[null,null,"Total gold"]
[]
[null,null,"'000 oz",null,null,78,75,73,59,49,38,15,9,396]
[]
[null,null,"US$/silver"]
[]
[null,null,"'000 oz",null,null,240,240,90,90,90,0,0,0,750]
[null,null,"Floor",null,null,17.100000000000001,17.100000000000001,17.3,17.3,17.399999999999999,0,0,0,17.190000000000001]
[null,null,"Cap",null,null,18.100000000000001,18.100000000000001,18.3,18.3,18.399999999999999,0,0,0,18.190000000000001]
[]
[null,null,"Refer to note 14 for details on the fair value measurements."]
[]
[10,"Inventories"]
[]
[null,"Current inventories include an increase of R241 million related to an increase of Hidden Valley's run of mine stock piles. In addition the balance at year end includes R101 million in stores and R48 million in gold stock as a result of the acquisition of the Moab Khotsong operations during the 2018 financial year. Refer to note 7 for details on the inventory acquired as part of the Moab Khotsong acquisition. "]
[]
[]
[]
[11,"Share capital "]
[]
[null,"Harmony conducted a placement of new ordinary shares to qualifying investors to raise up to R1.26 billion (US$100 million), which represented approximately 15 per cent of the group’s existing issued ordinary share capital prior to the placement. The placement was conducted through an accelerated bookbuilding process."]
[]
[]
[]
[null,"The net proceeds of the placement were used to pay down part of the outstanding bridge loan raised for the acquisition of the Moab Khotsong operations."]
[]
[]
[null,"During June 2018, a total of 55 055 050 new ordinary shares were placed with existing and new institutional investors at a price of R19.12 per share, raising gross proceeds of approximately R1.05 billion (US$82 million). Transaction costs of R50 million were incurred. "]
[]
[]
[null,"African Rainbow Minerals Limited (ARM) has agreed to subscribe for an additional 11 032 623 shares at R19.12 a share that will maintain its shareholding of 14.29% post the placement of shares. ARM's participation was subject to Harmony shareholder approval, which was obtained subsequent to year-end. Refer to note 20 for details on events subsequent to year end. "]
[]
[]
[]
[null,"Additional share capital movements relate to shares issued as part of the group's employee share schemes. "]
[]
[12,"Provision for silicosis settlement"]
[]
[null,"Harmony and certain of its subsidiaries (Harmony group), together with other mining companies, are named in a class action for silicosis and tuberculosis which was certified by the Johannesburg High Court in May 2016."]
[]
[]
[null,"A gold mining industry working group which includes Harmony (the working group) was formed in November 2014 to address issues relating to the compensation and medical care for occupational lung diseases in the gold mining industry in South Africa. The working group engaged all stakeholders on these matters and on 3 May 2018, the working group announced that they have reached an agreement with the lawyers representing the claimants in the silicosis class action litigation.  The settlement is subject to certain suspensive conditions, including the agreement being approved by the South Gauteng High Court.  "]
[]
[]
[]
[]
[]
[null,"Harmony has provided for the estimated cost of the settlement based on actuarial assessments. At 30 June 2018, management had estimated Harmony's share as R925 million (pre-tax). The time value of money recognised for the year ended 30 June 2018 is \nR76 million and the change in estimate is a gain of R68 million due to a change in the timing of expected cashflows. "]
[]
[]
[]
[13,"Borrowings"]
[]
[null,"During the year ended 30 June 2018:"]
[]
[null,"• ","R300 million was repaid on the R1 billion Nedbank revolving credit facility (RCF) in September 2017. R500 million was drawn down on the same facility in April 2018."]
[]
[]
[null,"• ","US$140 million (R1 847 million) was repaid on the US$250 million RCF in August 2017. On 28 July 2017, Harmony concluded an agreement for a new three-year syndicated facility of US$350 million (US$175 million term loan plus US$175 million RCF). The facility was negotiated on similar terms to the previous facility. US$175 million (R2 309 million) was drawn down on the term loan in August 2017. US$40 million (R547 million) was drawn down on the RCF during November 2017. A further $110 million \n(R1 271 million) was drawn down on the same facility in February 2018.\n"]
[]
[]
[]
[]
[]
[null,"• ","On 18 October 2017, Harmony concluded an agreement for a new 12 month bridge loan of US$200 million. The facility was concluded with similar terms and covenants as the existing loan facilities. US$200 million (R2 310 million) was drawn down on the bridge loan in February 2018. US$50 million (R596 million) was repaid in April 2018 and a further US$100 million (R1 242 million) was repaid in June 2018. Refer to note 20 for details on transactions subsequent to year-end.\n"]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,"US$ bridge loan","US$ term loan","US$ RCF","Rand facility"]
[null,"Figures in million",null,null,null,null,null,null,null,null,"US dollar","US dollar","US dollar","SA rand"]
[]
[null,"Borrowings summary at 30 June 2018"]
[null,"Facility",null,null,null,null,null,null,null,null,200,175,175,1000]
[null,"Drawn down",null,null,null,null,null,null,null,null,50,175,150,500]
[null,"Undrawn committed borrowing facilities",null,null,null,null,null,null,null,null,"-",0,25,500]
[null,"Maturity",null,null,null,null,null,null,null,null,"October","July","July","February"]
[null,null,null,null,null,null,null,null,null,null,"2018","2020","2020",2020]
[null,"Interest rate",null,null,null,null,null,null,null,null,"LIBOR + \n2.5% - 3.00%","LIBOR + \n3.15%","LIBOR + \n3.00%","JIBAR + \n3.15%"]
[]
[]
[]
[13,"Borrowings continued"]
[]
[null,"Moab Khotsong operations acquisition"]
[null,"US$100 million of the cash consideration was financed through the existing US$350 million syndicated facility and the remaining \nUS$200 million was financed through a new US$200 million bridge loan. As a condition for obtaining the bridge loan, Harmony requested the covenant ratio of the tangible net worth to total net debt be relaxed from 6 times to 4 times for the duration of the loan. The request was granted. US$150 million was repaid on the bridge loan using proceeds from a share placement, the group's operating cash flows and undrawn debt facilities. For details on the share placement refer to note 11."]
[]
[]
[]
[]
[]
[null,"There were no breaches of the loan covenants for the 2018 and 2017 financial years. "]
[]
[null,"The foreign exchange translation movements on the US$ loan are as follows:"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[null,"Translation gain/(loss) on US$ borrowings",null,null,null,null,null,null,null,null,null,null,-669,215]
[]
[]
[null,"Rand/US$ exchange rate:"]
[null,"Closing/spot",null,null,null,null,null,null,null,null,null,null,13.80875,13.111800000000001]
[null,"Average",null,null,null,null,null,null,null,null,null,null,12.849834169884172,"13.60"]
[]
[]
[14,"Financial risk management activities"]
[]
[null,"Foreign exchange risk"]
[null,"Harmony's revenues are sensitive to the R/US$ exchange rate as all revenues are generated by gold sales denominated in US$. During 2016 Harmony started a foreign currency hedging programme in order to manage the foreign exchange risk. The limit currently set by the Board is approximately 25% of the group's foreign exchange risk exposure for a period of 24 months. Refer to note 9 for the details of the contracts. The audit and risk committee reviews the details of the programme quarterly."]
[]
[]
[]
[]
[null,"Commodity price sensitivity"]
[null,"The profitability of the group’s operations, and the cash flows generated by those operations, are affected by changes in the market price of gold, and in the case of Hidden Valley, silver as well. Harmony entered into derivative contracts to manage the variability in cash flows from the group’s production, in order to create cash certainty and protect the group against lower commodity prices. The limits currently set by the Board are for 20% of the production from gold and 25% from silver over a 24-month period. Management continues to top-up these programmes as and when opportunities arise to lock in attractive margins for the business, but are not required to maintain hedging at these levels. The audit and risk committee reviews the details of the programme quarterly."]
[]
[]
[]
[]
[]
[]
[null,"Refer to note 9 and the fair value determination section below for further detail on these contracts."]
[]
[null,"Fair value determination"]
[]
[null,"The fair value levels of hierarchy are as follows:"]
[]
[null,"Level 1:",null,"Quoted prices (unadjusted) in active markets for identical assets;"]
[null,"Level 2:",null,"Inputs other than quoted prices included within level 1 that are observable for the asset, either directly or indirectly (that is, as prices) or indirectly (that is derived from prices);"]
[]
[null,"Level 3:",null,"Inputs for the asset that are not based on observable market data (that is unobservable inputs)."]
[]
[]
[14,"Financial risk management activities continued"]
[]
[null,"The following table presents the group's assets and liabilities that are measured at fair value at reporting date:"]
[]
[null,null,null,null,null,null,null,null,null,null,"Fair value hierarchy  level",null,"At","At"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,null,null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[null,"Available-for-sale financial assets"]
[null,"Investment in financial assets1",null,null,null,null,null,null,null,null,"Level 3",null,8,4]
[null,"Fair value through profit or loss financial assets"]
[null,"Restricted investments2",null,null,null,null,null,null,null,null,"Level 2",null,913,839]
[null,"Derivative financial instruments3",null,null,null,null,null,null,null,null,"Level 2",null,408,1847]
[]
[]
[null,"1Level 3 fair values have been valued by the directors by performing independent valuations on an annual basis."]
[null,"2The majority of the level 2 fair values are directly derived from the Top 40 index on the JSE, and are discounted at market interest rate. This relates to equity-linked deposits in the group's environmental rehabilitation trust funds. The balance of the environmental trust funds is held to maturity and therefore not disclosed here."]
[]
[]
[null,"3The mark-to market remeasurement of the following contracts is derived from:"]
[null,"• ","Forex hedging contracts (zero cost collars and FECs): a Black-Scholes valuation technique, derived from spot rand/US$ exchange rate inputs, implied volatilities on the rand/US$ exchange rate, rand/US$ inter-bank interest rates and discounted at market interest rate (zero-coupon interest rate curve)."]
[]
[null,"• ","Rand gold hedging contracts (forward sale contracts): spot Rand/US$ exchange rate, Rand and dollar interest rates (forward points), spot US$ gold price, differential between the US interest rate and gold lease interest rate which is discounted at market interest rate."]
[]
[null,"• ","US$ gold hedging contracts (forward sale contracts): spot US$ gold price, differential between the US interest rate and gold lease interest rate and discounted at market interest rate."]
[]
[null,"• ","Silver hedging contracts (zero cost collars): a Black-Scholes valuation technique, derived from spot US$ silver price, strike price, implied volatilities, time to maturity and interest rates and discounted at market interest rate."]
[]
[]
[null,"For all other financial instruments, fair value approximates carrying value."]
[]
[15,"Net additions to property, plant and equipment"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,2017]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[]
[null,"Capital expenditure - operations",null,null,null,null,null,null,null,null,null,null,2619,2354]
[null,"Additions resulting from development at Hidden Valley1",null,null,null,null,null,null,null,null,null,null,1563,1335]
[null,"Capital and capitalised exploration and evaluation expenditure for Golpu",null,null,null,null,null,null,null,null,null,null,288,197]
[null,"Additions resulting from stripping activities ",null,null,null,null,null,null,null,null,null,null,98,77]
[null,"Other",null,null,null,null,null,null,null,null,null,null,3,-73]
[]
[]
[null,"Net additions",null,null,null,null,null,null,null,null,null,null,4571,3890]
[]
[null,"1 June 2018 includes expenditure of R2 609 million net of capitalised revenue of R1 046 million."]
[]
[16,"Commitments and contingencies"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"At","At"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,"2017"]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[]
[null,"Capital expenditure commitments:"]
[null,"Contracts for capital expenditure",null,null,null,null,null,null,null,null,null,null,273,369]
[null,"Authorised by the directors but not contracted for",null,null,null,null,null,null,null,null,null,null,1719,789]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,1992,1158]
[]
[]
[null,"This expenditure will be financed from existing resources and, where appropriate, borrowings."]
[]
[null,"Contingent liabilities"]
[]
[null,"For a detailed disclosure on contingent liabilities refer to Harmony's annual financial statements for the financial year ended \n30 June 2017. There were no significant changes in contingencies since 30 June 2017."]
[]
[]
[17,"Related parties"]
[]
[null,"Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the group, directly or indirectly, including any director (whether executive or otherwise) of the group."]
[]
[]
[null,"(a) ","Movement in shares owned by directors/prescribed officers for year ended 30 June 2018:"]
[]
[null,null,null,null,null,null,null,null,null,null,null,"Shares purchased in open market","Shares sold in open market","Performance shares vested and retained"]
[]
[]
[]
[null,"Name of director/prescribed officer"]
[]
[null,"Frank Abbott (Financial director) 1",null,null,null,null,null,null,null,null,null,0,0,141075]
[null,"Beyers Nel (Chief Operating Officer: SA)1",null,null,null,null,null,null,null,null,null,0,0,24933]
[null,"Phillip Tobias (Chief Operating Officer: new business)1",null,null,null,null,null,null,null,null,null,0,0,31166]
[null,"Johannes van Heerden (Chief executive officer (South East Asia))",null,null,null,null,null,null,null,null,null,0,0,50000]
[]
[null,"1 These shares have been voluntarily locked-up in terms of the minimum shareholding requirement of the 2006 Share Plan but remains beneficially owned."]
[]
[18,"Segment report"]
[]
[null,"Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker (CODM). As of 1 July 2017, Tshepong and Phakisa, previously two separate segments have been integrated. As a result, they now form one segment, Tshepong operations, and the results for the 2017 year have been re-presented for this change. The shafts have been integrated to take advantage of their close proximity, which allows for existing infrastructure to be optimised. From this date, the CODM has reviewed the single segment information."]
[]
[]
[]
[]
[]
[null,"The segment report follows on page 33."]
[]
[19,"Reconciliation of segment information to condensed consolidated income statements and balance sheets"]
[]
[null,"The \"Reconciliation of segment information to condensed consolidated financial statements\" line item in the segment report is broken down in the following elements, to give a better understanding of the differences between the financial statements and segment report."]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,null,null,null,null,null,2018,"2017"]
[null,"Figures in million",null,null,null,null,null,null,null,null,null,null,"(Reviewed)","(Audited)"]
[]
[]
[]
[null,"Reconciliation of production profit to gross profit"]
[]
[null,"Total revenue per income statements",null,null,null,null,null,null,null,null,null,null,20359,19264]
[null,null,"- Total segment revenue",null,null,null,null,null,null,null,null,null,20358,19264]
[null,null,"- Revenue not included in segments",null,null,null,null,null,null,null,null,null,1,0]
[null,"Total production costs as per income statements",null,null,null,null,null,null,null,null,null,null,-14991,-14812]
[null,null,"- Total segment production costs",null,null,null,null,null,null,null,null,null,-15002,-14812]
[null,null,"- Production cost adjustments not included in segments",null,null,null,null,null,null,null,null,null,11,0]
[]
[]
[null,"Production profit",null,null,null,null,null,null,null,null,null,null,5368,4452]
[null,"Amortisation and depreciation",null,null,null,null,null,null,null,null,null,null,-2570,-2519]
[null,"Impairments of assets",null,null,null,null,null,null,null,null,null,null,-5336,-1718]
[null,"Other items",null,null,null,null,null,null,null,null,null,null,-606,-590]
[]
[]
[null,"Gross loss as per income statements1",null,null,null,null,null,null,null,null,null,null,-3144,-375]
[]
[null,"1The reconciliation was done up to the first recognisable line item on the income statement. The reconciliation will follow the income statement after that."]
[]
[]
[]
[19,"Reconciliation of segment information to condensed consolidated income statements and balance sheets continued"]
[]
[null,"Reconciliation of total segment mining assets to consolidated property, plant and equipment"]
[]
[]
[null,"Property, plant and equipment not allocated to a segment"]
[null,"Mining assets ",null,null,null,null,null,null,null,null,null,null,982,1234]
[null,"Undeveloped property1",null,null,null,null,null,null,null,null,null,null,3681,5139]
[null,"Other non-mining assets",null,null,null,null,null,null,null,null,null,null,103,177]
[null,"Wafi-Golpu assets2",null,null,null,null,null,null,null,null,null,null,2137,1790]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,6903,8340]
[]
[null,"1Comprises Target North resources. "]
[null,"2This is an asset under development and disclosed separately from the group's segments."]
[]
[]
[20,"Subsequent events"]
[]
[null,"(a) On 12 July 2018, shareholders approved the special resolution to issue 11 032 623 new ordinary shares to African Rainbow Minerals Limited at the placing price of R19.12 to raise a total of R211 million (US$16 million). The proceeds raised from the ARM Placing were to be used to repay part of the outstanding bridge loan raised for the acquisition of Moab Khotsong."]
[]
[]
[]
[null,"(b) On 18 July 2018, the remaining outstanding balance of US$50 million (R670 million) was repaid on the US$200 million bridge loan."]
[]
[21,"Review conclusion"]
[]
[null,"These condensed consolidated financial statements for the year ended 30 June 2018 have been reviewed by PricewaterhouseCoopers Inc., who expressed an unmodified review conclusion thereon. A copy of the auditor's review conclusion is available for inspection at the company's registered office, together with the financial statements identified in the auditor's report. "]

{"sheet":"Segment Report (R)","index":5,"n_rows":56,"n_cols":15,"rows_kept":56,"cut":false,"hidden":false,"merged":[[52,0,53,14],[42,0,45,0],[5,11,5,12],[5,13,5,14],[7,1,7,2],[7,3,7,4],[7,5,7,6],[7,7,7,8],[7,9,7,10],[7,11,7,12],[7,13,7,14],[5,1,5,2],[5,3,5,4],[5,5,5,6],[5,7,5,8],[5,9,5,10]]}
["Segment report (Rand/Metric) (Reviewed)"]
["For the year ended 30 June 2018"]
[]
[]
[]
[null,"Revenue\n\n30 June",null,"Production cost\n\n30 June",null,"Production profit/(loss)\n\n30 June",null,"Mining assets\n\n30 June",null,"Capital expenditure#\n \n30 June",null,"Kilograms produced*\n\n30 June",null,"Tonnes milled*\n\n30 June"]
[null,2018,2017,2018,2017,2018,2017,2018,2017,2018,2017,2018,2017,2018,2017]
[null,"R million",null,"R million",null,"R million",null,"R million",null,"R million",null,"kg",null,"t'000"]
[]
[]
["Continuing operations"]
["South Africa"]
["Underground"]
["Tshepong operations(a)",5389,5062,3799,3671,1590,1391,8078,8466,1008,717,9394,8828,1716,1695]
["Moab Khotsong",1672,0,952,0,720,0,3702,0,173,0,3296,0,327,0]
["Bambanani",1616,1576,896,871,720,705,659,745,64,77,2821,2750,233,231]
["Joel",954,1309,920,936,34,373,995,909,250,243,1635,2246,454,514]
["Doornkop",1958,1553,1411,1241,547,312,2721,2979,274,243,3429,2673,696,641]
["Target 1",1630,1506,1318,1345,312,161,1259.6230250068143,2020.8691305868142,309,324,2854,2669,680,745]
["Kusasalethu",2483,2575,2026,2080,457,495,2151,2846,289,289,4429,4394,670,607]
["Masimong",1505,1452,1154,1113,351,339,57,433,129,119,2623,2538,647,640]
["Unisel",733,915,771,838,-38,77,38,529,85,78,1280,1595,376,394]
[]
[]
["Surface"]
["All other surface operations ",2009,1816,1521,1404,488,412,553,486,136,261,3570,3178,14143,11045]
[]
[]
["Total South Africa",19949,17764,14768,13499,5181,4265,20213.623025006815,19413.869130586812,2717,2351,35331,30871,19942,16512]
[]
[]
["International"]
["Hidden Valley(b)",409,1500,234,1313,175,187,3884,2290,1563,1335,2862,2965,2499,2889]
["Other",0,0,0,0,0,0,null,0,0,0,0,0,0,0]
[]
[]
["Total international",409,1500,234,1313,175,187,3884,2290,1563,1335,2862,2965,2499,2889]
[]
[]
["Total operations",20358,19264,15002,14812,5356,4452,0,0,4280,3686,38193,33836,22441,19401]
[]
[]
["Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 19)"]
[]
[]
[null,1,0,-11,0,12,0,6903,8339.9351185967698]
[]
[]
[null,20359,19264,14991,14812,5368,4452,31000.623025006815,30043.80424918358,4280,3686,38193,33836,22441,19401]
[]
[]
["# Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu of R288 million (2017: R197 million)."]
["(a) Tshepong and Phakisa were two separate segments for the 2017 financial year. As of 1 July 2017, they have been integrated into Tshepong operations and have been treated as one segment for the 2018 financial year. June 2017 amounts have been re-presented as a result of the integration. "]
[]
["(b) Capital expenditure for the year 2018 comprises of expenditure of R2 609 million net of capitalised revenue of R1 046 million. Refer to note 8(c) for further information."]
["* Production statistics are unaudited and not reviewed."]

{"sheet":"Publish IS (US$)","index":6,"n_rows":65,"n_cols":7,"rows_kept":65,"cut":false,"hidden":false,"merged":[[64,0,66,6],[0,0,0,6],[5,5,5,6]]}
["CONDENSED CONSOLIDATED INCOME STATEMENTS (US$) "]
["(Convenience translation)"]
[]
[]
[]
[null,null,null,null,null,"Year ended"]
[null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,2018,2017]
["Figures in million",null,null,null,null,"(Unaudited)","(Audited)"]
[]
[]
["Revenue",null,null,null,null,1584,1416]
["Cost of sales",null,null,null,null,-1800,-1448]
[]
["Production costs",null,null,null,null,-1167,-1089]
["Impairment of assets",null,null,null,null,-386,-131]
["Amortisation and depreciation",null,null,null,null,-200,-185]
["Other items",null,null,null,null,-47,-43]
[]
[null,null,null,null,null,0,{"$error":"#DIV/0!"}]
["Gross loss",null,null,null,null,-216,-32]
["Corporate, administration and other expenditure",null,null,null,null,-63,-38]
["Exploration expenditure",null,null,null,null,-11,-18]
["Gains on derivatives",null,null,null,null,8,75]
["Other operating expenses",null,null,null,null,-53,-68]
[]
[]
["Operating loss",null,null,null,null,-335,-81]
["Gain on bargain purchase",null,null,null,null,0,60]
["Loss on liquidation of subsidiaries",null,null,null,null,0,-1]
["Acquisition related costs",null,null,null,null,-8,0]
["Share of profit/(loss) of associate",null,null,null,null,3,-1]
["Investment income",null,null,null,null,27,20]
["Finance cost",null,null,null,null,-26,-17]
[null,null,null,null,null,null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,{"$error":"#DIV/0!"}]
["Loss before taxation",null,null,null,null,-339,-20]
["Taxation",null,null,null,null,18,37]
["Current taxation",null,null,null,null,-16,-36]
["Deferred taxation",null,null,null,null,34,73]
[]
[null,null,null,null,null,null,{"$error":"#DIV/0!"}]
["Net profit/(loss) for the year",null,null,null,null,-321,17]
[]
[null,null,null,null,null,0]
["Attributable to:"]
["Owners of the parent",null,null,null,null,-321,17]
[]
[]
["Earnings/(loss) per ordinary share (cents)"]
[]
["Basic earnings/(loss)",null,null,null,null,-78.066994787212252,4]
["Diluted earnings/(loss)",null,null,null,null,-78,4]
[null,null,null,null,null,-78,{"$error":"#DIV/0!"}]
[null,null,null,null,null,0,{"$error":"#DIV/0!"}]
[]
[]
["The currency conversion average rates for the year ended 30 June 2018: US$1 = R12.85 (30 June 2017: US$1 = R13.60)."]
[]
["The income statement for the year ended 30 June 2017 has been extracted from the 2017 annual financial statements. "]
[]
[]
["Note on convenience translations"]
[]
["Except where specific statements have been extracted from the 2017 annual financial statements, the requirements of IAS 21, The Effects of the Changes in Foreign Exchange Rates, have not necessarily been applied in the translation of the US Dollar financial statements presented on page 34 to 38."]

{"sheet":"Publish Com IS (US$)","index":7,"n_rows":74,"n_cols":7,"rows_kept":74,"cut":false,"hidden":false,"merged":[[69,0,69,6],[70,0,70,6],[71,0,71,6],[0,0,1,5],[5,5,5,6],[12,0,12,2],[46,6,47,6],[37,0,38,6],[15,0,15,3],[39,0,41,5],[46,0,47,0],[46,3,47,3],[46,4,47,4],[46,5,47,5]]}
["CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (US$)"]
[]
["(Convenience translation)"]
[]
[]
[null,null,null,null,null,"Year ended"]
[null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,"2018",2017]
["Figures in million",null,null,null,null,"(Unaudited)","(Audited)"]
[]
[]
["Net profit/(loss) for the year",null,null,null,null,-321,17]
["Other comprehensive income/(loss) for the year, net of income tax",null,null,null,null,-51.090974925319244,309]
[]
[]
["Items that may be reclassified subsequently to profit or loss:",null,null,null,null,-50.23493274963262,309]
[]
["Foreign exchange translation gain",null,null,null,null,6.575138909570768,225]
["Remeasurement of derivative instruments"]
["Unrealised gain on Rand gold contracts",null,null,null,null,21.245410360222635,160]
["Released to revenue",null,null,null,null,-93.152953117899244,-54]
["Released to gains on derivatives",null,null,null,null,0,-1]
["Deferred taxation thereon",null,null,null,null,15.097471098473227,-21]
[]
["Items that will not be reclassified to profit or loss:",null,null,null,null,-0.85604217568662633,0]
["Remeasurement of retirement benefit obligation"]
["   Actuarial loss recognised during the period",null,null,null,null,-0.85604217568662633,0]
[]
[]
["Total comprehensive income/(loss) for the year",null,null,null,null,-372.09097492531924,326]
[]
[]
["Attributable to:"]
["Owners of the parent",null,null,null,null,-372.09097492531924,326]
[]
[]
[]
["The currency conversion average rates for the year ended 30 June 2018: US$1 = R12.85 (30 June 2017: US$1 = R13.60)."]
[]
["CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (US$)"]
[]
[]
[]
["for the year ended 30 June 2018 (Convenience translation)"]
[]
[]
["Figures in million",null,null,"Share capital","Accumulated loss","Other reserves","Total"]
[]
[]
["Balance - 30 June 2017",null,null,2052.0322259436953,-324.86647958721824,394.02552729247759,2121.1912736489548]
["Issue of shares1",null,null,72.707522404272652,0,0,72.707522404272652]
["Share-based payments",null,null,0,0,27.084276274101565,27.084276274101565]
["Net loss for the year",null,null,0,-321,0,-321]
["Other comprehensive income for the year",null,null,0,0,-51.090974925319244,-51.090974925319244]
["Reclassification from other reserves",null,null,0,0.72417851000271571,-0.72417851000271571,0]
["Dividends paid2",null,null,0,-11.152349054041821,0,-11.152349054041821]
[]
[]
["Balance - 30 June 2018 (Unaudited)",null,null,2124.7397483479681,-656.2946501312573,369.29465013125719,1838]
[]
[]
["Balance - 30 June 2016",null,null,4036,-1591,-531,2149]
["Share-based payments",null,null,0,27,0,28]
["Net profit for the year",null,null,0,0,17,28]
["Other comprehensive loss for the year",null,null,0,309,0,62]
["Dividends paid3",null,null,0,0,-33,-33]
[]
["Balance - 30 June 2017 (Audited)",null,null,4036,-1255,-547,2234]
[null,null,null,1925,null,-300,1914]
["1 Relates to the issue of 55 million shares in an accelerated bookbuild in June 2018."]
["2 Dividend of 35 SA cents declared on 15 August 2017."]
["3 Dividend of 50 SA cents declared on 15 August 2016 and dividend of 50 SA cents declared on 31 January 2017."]
[]
["The currency conversion closing rates for the year ended 30 June 2018: US$1 = R13.81 (30 June 2017: US$1 = R13.11)."]

{"sheet":"Publish BS (US$)","index":8,"n_rows":90,"n_cols":6,"rows_kept":90,"cut":false,"hidden":false,"merged":[[86,0,86,4],[87,0,88,5],[10,0,11,0],[45,0,46,0]]}
["CONDENSED CONSOLIDATED BALANCE SHEETS (US$)"]
["(Convenience translation)"]
[]
[]
[null,null,null,null,"At","At"]
[null,null,null,null,"30 June","30 June"]
[null,null,null,null,2018,2017]
["Figures in million",null,null,null,"(Unaudited)","(Audited)"]
[]
[]
["ASSETS"]
[]
["Non-current assets"]
[]
["Property, plant and equipment",null,null,null,2245,2292]
["Intangible assets",null,null,null,37,46]
["Restricted cash",null,null,null,6,5]
["Restricted investments",null,null,null,237,203]
["Investments in associates",null,null,null,6,4]
["Trade and other receivables",null,null,null,18,14]
["Derivative financial instruments",null,null,null,6,24]
["Inventories",null,null,null,3,3]
["Other non-current assets",null,null,null,1,0]
[null,null,null,null,0]
[null,null,null,null,0]
["Total non-current assets",null,null,null,2559,2591]
[null,null,null,null,0]
[null,null,null,null,0]
[]
["Current assets"]
[]
["Inventories",null,null,null,127,86]
["Restricted cash ",null,null,null,3,1]
["Trade and other receivables",null,null,null,83,76]
["Derivative financial instruments",null,null,null,39,117]
["Cash and cash equivalents",null,null,null,51,95]
[null,null,null,null,0,0]
[null,null,null,null,0]
["Total current assets",null,null,null,303,375]
[null,null,null,null,303,335]
[null,null,null,null,0,0]
["Total assets",null,null,null,2862,2966]
[null,null,null,null,2862,2642]
[]
[null,null,null,null,0,0]
["EQUITY AND LIABILITIES"]
[]
["Share capital and reserves"]
[]
["Share capital",null,null,null,2125,4036]
["Other reserves",null,null,null,369.29465013125719,-1255]
["Accumulated loss",null,null,null,-656.2946501312573,-547]
[null,null,null,null,0]
[null,null,null,null,0]
["Total equity",null,null,null,1838,2234]
[]
[]
[]
["Non-current liabilities"]
[]
["Deferred tax liabilities",null,null,null,83,130]
["Derivative financial instruments",null,null,null,1,0]
["Provision for environmental rehabilitation",null,null,null,240,201]
["Provision for silicosis settlement",null,null,null,67,70]
["Retirement benefit obligation",null,null,null,13,14]
["Trade and other payables",null,null,null,2,1]
["Borrowings",null,null,null,357,23]
["Trade and other payables",null,null,null,0,0]
[null,null,null,null,0,0]
["Total non-current liabilities",null,null,null,763,439]
[]
[]
[]
["Current liabilities"]
[]
["Borrowings",null,null,null,50,140]
["Derivative financial instruments",null,null,null,15,0]
["Trade and other payables",null,null,null,196,153]
[]
[null,null,null,null,261,261]
["Total current liabilities",null,null,null,261,293]
[]
[]
["Total equity and liabilities",null,null,null,2862,2966]
[]
[]
[]
["The balance sheet for 30 June 2018 converted at a conversion rate of US$1 = R13.81 (30 June 2017: US$1 = R13.11)."]
[]
["The balance sheet at 30 June 2017 has been extracted from the 2017 annual financial statements."]

{"sheet":"Publish - Cash flow (US$)","index":9,"n_rows":61,"n_cols":9,"rows_kept":61,"cut":false,"hidden":false,"merged":[[56,0,57,8],[6,7,6,8],[58,0,58,8],[0,0,2,8]]}
["CONDENSED CONSOLIDATED CASH FLOW STATEMENTS (US$)"]
[]
[]
["(Convenience translation)"]
[]
[]
[null,null,null,null,null,null,null,"Year ended"]
[null,null,null,null,null,null,null,"30 June","30 June"]
[null,null,null,null,null,null,null,2018,2017]
["Figures in million",null,null,null,null,null,null,"(Unaudited)","(Audited)"]
[]
[]
[]
["Cash flow from operating activities"]
["Cash generated by operations",null,null,null,null,null,null,334,319.67236230301768]
["Interest and dividends received",null,null,null,null,null,null,6,5.5166652491316901]
["Interest paid",null,null,null,null,null,null,-14,-5.8108873957520473]
["Income and mining taxes paid",null,null,null,null,null,null,-24,-39.572878720437991]
[null,null,null,null,null,null,null,0]
[null,null,null,null,null,null,null,0]
["Cash generated by operating activities",null,null,null,null,null,null,302,280]
[null,null,null,null,null,null,null,0]
[]
["Cash flow from investing activities"]
["(Increase)/decrease in restricted cash",null,null,null,null,null,null,-2,0]
["Decrease in amounts invested in restricted investments",null,null,null,null,null,null,0,1]
["Cash on acquisition of Hidden Valley",null,null,null,null,null,null,0,33]
["Consideration paid for the acquisition of Moab Khotsong operations",null,null,null,null,null,null,-300,0]
["Proceeds from disposal of property, plant and equipment",null,null,null,null,null,null,0,3]
["Net additions to property, plant and equipment",null,null,null,null,null,null,-356,-286]
[]
[null,null,null,null,null,null,null,0]
["Cash utilised by investing activities",null,null,null,null,null,null,-658,-249]
[null,null,null,null,null,null,null,0]
[]
["Cash flow from financing activities"]
["Borrowings raised",null,null,null,null,null,null,540,54]
["Borrowings repaid",null,null,null,null,null,null,-316,-50]
["Issue of shares",null,null,null,null,null,null,78,0]
["Dividends paid",null,null,null,null,null,null,-12,-33]
[]
[]
["Cash utilised by financing activities",null,null,null,null,null,null,290,-29]
[]
[]
["Foreign currency translation adjustments",null,null,null,null,null,null,22,8]
[]
[]
["Net increase/(decrease) in cash and cash equivalents",null,null,null,null,null,null,-44,10]
["Cash and cash equivalents - beginning of year",null,null,null,null,null,null,95,85]
[]
[null,null,null,null,null,null,null,0]
["Cash and cash equivalents - end of year",null,null,null,null,null,null,51.127002806191726,95]
[]
[]
[]
["The currency conversion average rates for the year ended 30 June 2018: US$1 = R12.85 (30 June 2017: US$1 = R13.60)."]
[]
["Closing balance translated at closing rates of US$1 = R13.81 (30 June 2017: US$1 = R13.11)."]
[]
["The cash flow statement for the year ended 30 June 2017 has been extracted from the 2017 annual financial statements."]

{"sheet":"Segment Report (US$)","index":10,"n_rows":223,"n_cols":15,"rows_kept":223,"cut":false,"hidden":false,"merged":[[37,0,38,14],[3,13,3,14],[5,1,5,2],[5,3,5,4],[5,5,5,6],[5,7,5,8],[5,9,5,10],[5,11,5,12],[5,13,5,14],[3,1,3,2],[3,3,3,4],[3,5,3,6],[3,7,3,8],[3,9,3,10],[3,11,3,12]]}
["Segment report (US$/Imperial)"]
["For the year ended 30 June 2018 (convenience translation) (unaudited)"]
[]
[null,"Revenue\n30 June",null,"Production cost\n30 June",null,"Production profit/(loss)\n30 June",null,"Mining assets\n30 June",null,"Capital expenditure#\n 30 June",null,"Ounces produced*\n30 June",null,"Tons milled*\n30 June"]
[null,2018,2017,2018,2017,2018,2017,2018,2017,2018,2017,2018,2017,2018,2017]
[null,"US$ million",null,"US$ million",null,"US$ million",null,"US$ million",null,"US$ million",null,"oz",null,"t'000"]
[]
[]
["South Africa"]
["Underground"]
["Tshepong operations(a)",419,372,296,270,123,102,585,645,78,52,302025,283827,1893,1869]
["Moab Khotsong",130,0,74,0,56,0,268,0,13,0,105969,0,360,0]
["Bambanani",126,116,70,64,56,52,48,57,5,6,90698,88415,257,254]
["Joel",74,96,72,69,2,27,72,69,19,18,52566,72211,501,567]
["Doornkop",152,114,110,91,42,23,197,227,21,18,110245,85939,767,706]
["Target 1",127,111,103,99,24,12,91,154,24,24,91758,85809,749,822]
["Kusasalethu",193,189,158,153,35,36,156,217,22,21,142395,141270,738,670]
["Masimong",117,107,90,82,27,25,4,33,10,9,84331,81599,714,706]
["Unisel",57,67,60,62,-3,5,3,40,7,6,41152,51280,415,436]
[]
["Surface"]
["All other surface operations ",157,135,116,103,41,32,40,37,12,19,114779,102175,15595,12179]
[]
[]
["Total South Africa",1552,1307,1149,993,403,314,1464,1479,211,173,1135918,992525,21989,18209]
[]
[]
["International"]
["Hidden Valley(b)",32,110,18,97,14,13,281,175,122,98,92016,95327,2757,3186]
[]
[]
["Total international",32,110,18,97,14,13,281,175,122,98,92016,95327,2757,3186]
[]
[]
["Total operations",1584,1417,1167,1090,417,327,1745,1654,333,271,1227934,1087852,24746,21395]
[]
["#Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu of US$22 million (2017: US$14 million)."]
["(a) Tshepong and Phakisa were two separate segments for the 2017 financial year. As of 1 July 2017, they have been integrated into Tshepong operations and have been treated as one segment for the 2018 financial year. June 2017 amounts have been re-presented as a result of the integration. "]
[]
["(b) Capital expenditure comprises of expenditure of US$203 million net of capitalised revenue of US$81 million."]
[]
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[null,null,null,null,"A 10% decrease in the gold price at the reporting date would have resulted in the following additional impairments being recognised in the 2010 and 2009 financial year. This analysis assumes that all other variables remain constant.  The analysis is performed on the same basis for 2009."]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,9,null,null,null,"President Steyn 2"]
[null,null,null,null,null,null,null,null,140,null,null,null,"Evander 8"]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,149]