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Harmony publishes its suite of reports for the financial year ended 30 June 2021, which includes its notice of AGM
Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” and/or “the Company”)
Harmony publishes its suite of reports for the financial year ended 30 June
2021, which includes its notice of the electronic annual general meeting and a
change statement
Johannesburg, Thursday, 28 October 2021. Harmony is pleased to announce that
it has published and distributed to shareholders its suite of reports today,
28 October 2021, for the financial year ended 30 June 2021 (“FY21”).
This suite of FY21 reports includes:
- Integrated Annual Report 2021
- Environment, Social and Governance (“ESG”) report 2021
- Operational report 2021
- Financial Report 2021
- Mineral Resources and Mineral Reserves 2021
- Task Force on Climate-related Financial Disclosures (“TCFD”) report 2021
- Report to Shareholders 2021, which includes the notice of meeting of
electronic annual general meeting
The abovementioned reports are available at
https://www.harmony.co.za/invest/annual-reports and at www.har.co.za. The full
annual suite of reports is also available for inspection at the registered
office of the Company, Randfontein Office Park, Randfontein, 1760, Corner Main
Reef Road/Ward Avenue, Randfontein and at the offices of the sponsors.
Peter Steenkamp, chief executive officer of Harmony shared the following:
“As we reflect on the past financial year, the resilience and determination shown
throughout the company ensured we achieved our strategic objectives of operational
excellence, responsible stewardship, cash certainty and effective capital
allocation, and delivered stellar full-year results. The ongoing Covid-19 pandemic
has been unprecedented, yet we have adapted to a changed environment. The
successful acquisition and integration of Mponeng and related assets are
reflecting in our results demonstrating how we have further transformed our
earnings profile by acquiring high-grade assets while delivering on our strategy
of safe, profitable ounces and increasing margins. We have re-engineered our
portfolio and deleveraged our balance sheet to give us optionality while investing
in our stakeholders and our future.
As the largest gold producer in South Africa by volume, we embrace our moral
obligation to ensure the wellbeing and safety of our people, along with the belief
that the value created by our operations extends to all stakeholders and
shareholders. We have proven this in South Africa and Papua New Guinea through
the effective allocation of capital, continued operational optimisation and
productivity enhancements across our portfolio.
Harmony is more than just mining; we are about people. The actions we take today
are the foundations of tomorrow. We have an exciting investment case with our
world-class pipeline of projects and embedded approach to ESG. We are committed
to creating opportunities through sustainable mining, while creating value and
delivering positive returns for all our shareholders and stakeholders.”
The company wishes to notify shareholders of its Broad Based Black Economic
Empowerment report included on pages 136 and 137 in its ESG Report 2021. Harmony
remains a company committed to the transformation agenda in South Africa. In
compliance with Section 13G (2) of the Broad-Based Black Economic Empowerment
Amendment Act No. 46 of 2013 as amended, and paragraph 16.21(g) of the JSE
Limited Listings Requirements, the Company’s B-BBEE annual compliance report
is available on the Company’s website
https://www.harmony.co.za/sustainability/social.
The audited annual financial statements for FY21 are included as part of the
company’s suite of reports. These audited results contain a modification to the
reviewed financial results published on 31 August 2021, in line with and allowed
in terms of IFRS 3 Business Combinations, pertaining to the finalisation of the
fair value exercise of the assets acquired and liabilities assumed in the
acquisition of AngloGold Ashanti Limited’s remaining South African assets. Refer
to the audited annual financial statements for FY21 on pages 57 to 60 of the
Financial Report 2021 for further disclosure made on the acquisition, which is
available on the Company’s website mentioned above.
This modification resulted in the following changes to the financial statements:
changes in the Group’s income statement, statement of comprehensive income, and
the balance sheet. There were no other changes to the statement of cash flows and
the statement of changes in equities.
GROUP INCOME STATEMENT
SA Rand
Provisional Audited
results annual
Modification
reported on financial
31 August statements
Figures in million 2021
Cost of sales (35 657) 168 (35 489)
Gross profit/(loss) 6 076 168 6 244
Other operating expenses (562) 321 (241)
Operating profit/(loss) 5 961 489 6 450
Gain on bargain purchase 1 153 (850) 303
Profit/(loss) before taxation 6 743 (361) 6 382
Taxation (1 153) (105) (1 258)
Net profit/(loss) for the year 5 590 (466) 5 124
Attributable to:
Owners of the parent 5 553 (466) 5 087
Earnings/(loss) per ordinary share
(cents)
Total earnings/(loss) 919 (77) 842
Diluted earnings/(loss) per ordinary
share (cents)
Total earnings/(loss) 901 (76) 825
Headline earnings/(loss) per ordinary
share (cents)
Total headline earnings/(loss) 923 64 987
GROUP STATEMENT OF COMPREHENSIVE INCOME
SA Rand
Provisional Audited
results annual
Modification
reported on financial
31 August statements
Figures in million 2021
Net profit/(loss) for the year 5 590 (466) 5 124
Total comprehensive income for the
year 8 841 (466) 8 375
Attributable to:
Owners of the parent 8 783 (466) 8 317
GROUP BALANCE SHEET
SA Rand
Provisional Audited
results annual
Modification
reported on financial
31 August statements
Figures in million 2021
ASSETS
Non-current assets
Property, plant and equipment 34 366 (769) 33 597
Deferred tax assets 198 74 272
Total non-current assets 40 947 (695) 40 252
Total assets 49 498 (695) 48 803
EQUITY AND LIABILITIES
Share capital and reserves
Attributable to equity holders of the
parent company 31 626 (466) 31 160
Accumulated loss (7 707) (466) (8 173)
Total equity 31 680 (466) 31 214
Non-current liabilities
Deferred tax liabilities 2 202 (24) 2 178
Total non-current liabilities 12 060 (24) 12 036
Current liabilities
Trade and other payables 4 594 (205) 4 389
Total current liabilities 5 758 (205) 5 553
Total equity and liabilities 49 498 (695) 48 803
The annual financial statements were audited by the Company’s external auditors,
PricewaterhouseCoopers Inc. and their unqualified report, containing key audit
matters (pursuant to International Standards of Auditing ISA 701), is also
available for inspection at the registered office of the company.
Printed copies of Harmony’s suite of FY21 reports are available upon request,
free of charge from the Investor Relations Department at HarmonyIR@harmony.co.za.
The Form 20F – Harmony’s annual filing with the United States Securities and
Exchange Commission (SEC) - will be submitted on Friday, 29 October 2021 and will
be available on the Company’s website and the SEC’s website at www.sec.gov.
Notice of electronic Annual General Meeting (“AGM”)
The AGM of the company will be held entirely by electronic communication on
Tuesday, 7 December 2021 at 10:00 (SA time), to transact the business as stated
in the notice of AGM which is available on the Company website. The record date
for the purpose of determining which shareholders of the Company are entitled to
receive this notice of AGM is Friday, 22 October 2021. The record date in order
to participate and vote at the AGM is Friday, 26 November 2021, accordingly the
last date to trade is Tuesday, 23 November 2021.
Ends.
For more details, contact:
Jared Coetzer
Head: Investor Relations
+27 (0) 82 746 4120
Johannesburg, South Africa
28 October 2021
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Date: 28-10-2021 05:08:00
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