Annual Integrated Report for the year ended 30 June 2024
Annual Integrated Report for the year ended 30 June 2024
The Group's value-focused strategy aims to position the business as a high-value, sustainable, profitable, socially and environmentally responsible, and competitive producer with increasing exposure to low-cost, shallow and mechanisable production over time.
| Group taxes | 2024 Rm |
Borne % |
2023 Rm |
Borne % |
| Corporate income taxes | 1 238 | 100 | 6 012 | 100 |
|---|---|---|---|---|
| Withholding taxes | 152 | 18 | 407 | 18 |
| Payroll taxes | 6 054 | 6 | 5 263 | 4 |
| Indirect taxes2 | 1 307 | 26 | 1 334 | 23 |
| Property taxes | 120 | 100 | 91 | 100 |
| Environmental taxes | 110 | 100 | 74 | 100 |
| 8 981 | 13 181 | |||
| Other payments to governments3 | 1 261 | 100 | 2 447 | 100 |
| Total tax contribution | 10 242 | 15 628 | ||
| Group effective tax rate | 16% | 37% |
| 2024 Rm |
2023 Rm |
||
| Value distributed to stakeholders (prepared on the accrual basis)4 | 79 643 | 102 220 | |
|---|---|---|---|
| Communities, suppliers and business partners | Cost of sales – other5 | (44 686) | (50 500) |
| Consumables and services | (31 152) | (28 247) | |
| Metals purchased | (13 534) | (22 253) | |
| IFRS 2 Share-based Payment charge on B-BBEE transaction – IBR and Impala CSOT, and | |||
| Bokamoso Consortium6 | (1 658) | – | |
| Employees and contractors | Labour and other | (26 810) | (22 933) |
| IFRS 2 Share-based Payment charge on B-BBEE transaction – IBR ESOT6 | (274) | – | |
| Governments | Taxes and state royalties | (2 931) | (7 154) |
| Direct state taxes7 | (1 844) | (5 243) | |
| State royalties | (1 087) | (1 911) | |
| Lenders | Finance costs | (407) | (383) |
| Shareholders | Value diminished/(retained) for non-controlling interests | 142 | (97) |
| Dividends8 | (1 791) | (13 642) | |
| Retention of shareholders’ value | (1 228) | (7 511) | |
| Number of employees | |||
| Own employees and contractors | 66 253 | 69 931 |
1 Refer to page 23 and the economic contributions in each country on pages 24 to 28 and the analysis of our data by country from page 30.
2 VAT/sales taxes, customs duty and securities transfer tax (STT).
3 Primarily comprise state royalties.
4 Numbers have been prepared on the accrual basis.
5 Includes R663 million (FY2023: R713 million) non-state royalties.
6 Refer to page 24.
7 Includes withholding taxes.
8 Includes dividends paid to non-controlling interests.