2017 R’000					2016 R’000
22	PROFIT BEFORE TAXATION
	Profit before tax is stated after taking into account the following items of income and expenditure:
	Income
	Foreign exchange gains					11 779			295
	– realised					11 228			155
	– unrealised					551			140
	Relief realised on disposal of subsidiary (refer note 33.3)					—			8 578
	Expenditure
	Amortisation of intangible assets					26 572			180
	Cost of inventories written down (refer note 6)					10 860			3 686
	Depreciation and impairment charges of property, plant and equipment (refer note 2)					130 484			68 446
	Depreciation					130 484			27 075
	– land and buildings					391			2 487
	– plant, machinery and equipment					42 611			3 622
	– vehicles					79 700			4 904
	– furniture, fittings and office equipment					3 912			10 912
	– mine properties					3 847			—
	– prospecting, exploration, mine development and decommissioning assets					23			5 150
	Impairment arising at year-end on review of carrying values (refer note 2)					—			41 371
	Impairment of goodwill					—			24 315
	Impairment of trade and other receivables (refer note 33.3)					—			21 382
	Foreign exchange losses					401			—
	– realised					401			—
	– unrealised					—			—
	Loss on disposal of property, plant and equipment					—			5
	Operating lease expenses					1 213			828
	Professional fees					21 264			21 552
	Secretarial fees					990			445
	Mining royalty taxes
	– chrome					177 981			898
	– other					167			557
	Staff costs
	– salaries and wages (included in cost of sales)					650 626			—
	– salaries and wages (including executive directors’ emoluments)					327 264			261 801
	– pension fund costs (refer note 34)					49 984			29 934
	– contributions to medical aid funds					5 336			5 362