Company announcements Home » Investors » News » Company announcements » 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 2021 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 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 statementOctober 28, 2021Harmony 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 Figures in million Provisional results reported on 31 August 2021 Modification Audited annual financial statements 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 Figures in million Provisional results reported on 31 August 2021 Modification Audited annual financial statements 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 Figures in million Provisional results reported on 31 August 2021 Modification Audited annual financial statements 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.
