Annual financial statements statement 2015
Supplement to the integrated annual report 30 June 2015
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GROUP FINANCIALS STATEMENTS

MENU Notes to the consolidated financial statements — for the year ended 30 June 2015

  1. Accounting policies
  2. Segment information
  3. Property, plant and equipment
  4. Exploration and evaluation assets
  5. Investment in equity-accounted entities
  6. Deferred tax
  7. Other financial assets
  8. Derivative financial instrument
  9. Prepayments
  10. Inventories
  11. Trade and other receivables
  12. Cash and cash equivalents
  13. Share capital
  14. Non-controlling interest
  15. Borrowings
  16. Other financial liabilities
  17. Sundry liabilities
  18. Provisions
  19. Trade and other payables
  20. Financial instruments and financial risk management
  21. Current tax
  22. Revenue
  23. Cost of sales
  24. Other operating income
  25. Other operating expenses
  26. Impairment
  27. Royalty (income)/expense
  28. Finance income
  29. Finance cost
  30. Other income
  31. Other expenses
  32. Income tax expense
  33. Earnings per share
  34. Dividends
  35. Cash generated from operations
  36. Contingent liabilities and guarantees
  37. Related-party transactions
14.   Non-controlling interest  
  The table below shows details of non-wholly owned subsidiaries of the Group that have material non-controlling interests:  
  Company   Place of incorporation   Place of business   Proportion of ownership and voting rights held by non-controlling interests Profit/(loss) allocated to non-controlling interests Accumulated non-controlling interests
2015   2014   2015   2014   2015   2014  
  Zimplats Holdings Limited   Guernsey   Zimbabwe   13%   13%   (25)  127   1 519   1 349  
  Afplats (Pty) Limited*   South Africa   South Africa   26%   26%   (470)  (266)  699   1 169  
  Individually immaterial subsidiaries           19   2   40   32  
  Total           (476)  (137)  2 258   2 550  
  * Includes the purchase price allocation on initial recognition as well as subsequent impairment provisions.  
  Summarised financial information (100%) in respect of each of the Group's subsidiaries that has material non-controlling interests is set out below. The summarised financial information below presents amounts before intragroup eliminations. Zimplats' financial information disclosed below was translated using the closing and annual average US dollar exchange rates as in note 1.  
    Zimplats Holdings Limited Afplats (Pty) Limited
    2015   2014   2015   2014  
    Rm   Rm   Rm   Rm  
  Non-current assets   12 523   11 195   1 747   1 619  
  Current assets   3 857   3 444   65   203  
  Total assets   16 380   14 639   1 812   1 822  
  Equity   11 578   10 927   1 803   1 806  
  Non-current liabilities   2 525   2 268   8   8  
  Current liabilities   2 277   1 444   1   8  
  Total equity and liabilities   16 380   14 639   1 812   1 822  
   
    Zimplats Holdings Limited   Afplats (Pty) Limited  
    2015   2014   2015   2014  
    Rm   Rm   Rm   Rm  
  Revenue   4 661   5 973   —   —  
  Gross profit   494   2 037   (5)  (6) 
  Profit from operations   964   1 478   (5)  (6) 
  Profit before tax   618   1 334   (3)  6  
  Income tax expense   (1 483)  (327)  (1)  (3) 
  Profit for the year   (865)  1 007   (4)  3  
           
           
  Net cash from operating activities   1 624   1 518   (9)  (20) 
  Net cash used in investing activities   (963)  (1 136)  10   21  
  Net cash used in financing activities   (342)  (23)  —   —  
  Net increase/(decrease) in cash and cash equivalents   319   359   1   1  
           
  Dividends paid to non-controlling interests   —   —   —   —  

  Zimbabwe indigenisation  
  Both Zimplats and Mimosa continue to discuss the indigenisation implementation plan with the Government of Zimbabwe and pending the finalisation of these plans, Implats continued to consolidate its shareholding in Zimplats in 2015.  
  There are no significant restrictions on the ability of the Group to access and use assets, or settle liabilities.