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Drdgold Ltd. – ‘20-F’ for 6/30/22 – ‘EX-16.1’

On:  Friday, 10/28/22, at 5:18pm ET   ·   For:  6/30/22   ·   Accession #:  1562762-22-397   ·   File #:  1-35387

Previous ‘20-F’:  ‘20-F’ on 10/28/21 for 6/30/21   ·   Next:  ‘20-F/A’ on 11/8/22 for 6/30/22   ·   Latest:  ‘20-F/A’ on 10/31/23 for 6/30/23   ·   12 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/28/22  Drdgold Ltd.                      20-F        6/30/22  133:36M                                    Certent, Inc./FA

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML   4.24M 
                Non-Canadian Issuer                                              
 7: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     37K 
10: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     36K 
11: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     36K 
13: EX-96.1     Mining Disclosure                                   HTML   2.09M 
14: EX-96.2     Mining Disclosure                                   HTML   3.34M 
 8: EX-12.1     Statement re: the Computation of Ratios             HTML     41K 
 9: EX-12.2     Statement re: the Computation of Ratios             HTML     41K 
12: EX-16.1     Letter re: a Change in Accountant                   HTML     37K 
15: R1          Document and Entity Information                     HTML    107K 
16: R2          Consolidated Statement of Profit or Loss and Other  HTML     91K 
                Comprehensive Income                                             
17: R3          Consolidated Statement of Financial Position        HTML    103K 
18: R4          Consolidated Statement of Changes in Equity         HTML     73K 
19: R5          Consolidated Statement of Cashflows                 HTML     83K 
20: R6          About These Consolidated Financial Statements       HTML     58K 
21: R7          Use of Accounting Assumptions, Estimates and        HTML    110K 
                Judgements                                                       
22: R8          New Standards, Amendments to Standards and          HTML     68K 
                Interpretations                                                  
23: R9          Revenue                                             HTML     60K 
24: R10         Results From Operating Activities                   HTML     82K 
25: R11         Finance Income                                      HTML     46K 
26: R12         Finance Expense                                     HTML     45K 
27: R13         Earnings Per Share                                  HTML     44K 
28: R14         Property, Plant and Equipment                       HTML    125K 
29: R15         Right of Use Assets and Leases                      HTML     89K 
30: R16         Provision for Environmental Rehabilitation          HTML     67K 
31: R17         Investments in Rehabilitation and Other Funds       HTML     81K 
32: R18         Cash and Cash Equivalents                           HTML     64K 
33: R19         Cash Generated From Operations                      HTML     56K 
34: R20         Trade and Other Receivables                         HTML     78K 
35: R21         Trade and Other Payables                            HTML     47K 
36: R22         Inventories                                         HTML     47K 
37: R23         Income Tax                                          HTML    138K 
38: R24         Employee Benefits                                   HTML    106K 
39: R25         Capital Management                                  HTML     51K 
40: R26         Equity                                              HTML     70K 
41: R27         Interest in Subsidiaries                            HTML     40K 
42: R28         Operating Sgements                                  HTML    134K 
43: R29         Payments Made Under Protest                         HTML     93K 
44: R30         Other Investments                                   HTML    111K 
45: R31         Contingencies                                       HTML     67K 
46: R32         Financial Instruments                               HTML     71K 
47: R33         Related Parties                                     HTML     37K 
48: R34         Subsequent Events                                   HTML     44K 
49: R35         Accounting Policies (Policies)                      HTML    372K 
50: R36         About These Consolidated Financial Statements       HTML     37K 
                (Tables)                                                         
51: R37         Revenue (Tables)                                    HTML     47K 
52: R38         Results From Operating Activities (Tables)          HTML     75K 
53: R39         Finance Income (Tables)                             HTML     43K 
54: R40         Finance Expense (Table)                             HTML     42K 
55: R41         Earnings Per Share (Tables)                         HTML     44K 
56: R42         Property, Plant and Equipment (Tables)              HTML     76K 
57: R43         Right of Use Assets and Leases (Tables)             HTML     67K 
58: R44         Provision for Environmental Rehabilitation          HTML     45K 
                (Tables)                                                         
59: R45         Investments in Rehabilitation and Other Funds       HTML     53K 
                (Tables)                                                         
60: R46         Cash and Cash Equivalents (Tables)                  HTML     51K 
61: R47         Cash Generated From Operations (Tables)             HTML     56K 
62: R48         Trade and Other Receivables (Tables)                HTML     56K 
63: R49         Trade and Other Payables (Tables)                   HTML     41K 
64: R50         Inventories (Tables)                                HTML     40K 
65: R51         Income Tax Expense (Tables)                         HTML     80K 
66: R52         Employee Benefits (Tables)                          HTML     90K 
67: R53         Equity (Tables)                                     HTML     54K 
68: R54         Operating Sgements (Tables)                         HTML    120K 
69: R55         Payments Made Under Protest (Tables)                HTML     39K 
70: R56         Other Investments (Tables)                          HTML     85K 
71: R57         Subsequent Events (Tables)                          HTML     37K 
72: R58         ABOUT THESE CONSOLIDATED FINANCIAL STATEMENTS -     HTML     37K 
                Functional and presentation currency (Details)                   
73: R59         ABOUT THESE CONSOLIDATED FINANCIAL STATEMENTS -     HTML     37K 
                Narrative (Details)                                              
74: R60         REVENUE - Revenue table (Details)                   HTML     42K 
75: R61         REVENUE - Market Risk (Details)                     HTML     50K 
76: R62         RESULTS FROM OPERATING ACTIVITIES - Cost of sales   HTML     59K 
                (Details)                                                        
77: R63         RESULTS FROM OPERATING ACTIVITIES - Related party   HTML     53K 
                transactions (Details)                                           
78: R64         RESULTS FROM OPERATING ACTIVITIES - Other Income    HTML     46K 
                (Details)                                                        
79: R65         RESULTS FROM OPERATING ACTIVITIES - Administration  HTML     45K 
                expenses and other costs (Details)                               
80: R66         Finance Income (Details)                            HTML     52K 
81: R67         Finance Expense (Details)                           HTML     48K 
82: R68         Earnings Per Share (Details)                        HTML     55K 
83: R69         Property Plant and Equipment (Details)              HTML    107K 
84: R70         Property Plant and Equipment - Narrative (Details)  HTML     48K 
85: R71         RIGHT OF USE ASSETS AND LEASES - Right-of-use       HTML     64K 
                assets (Details)                                                 
86: R72         RIGHT OF USE ASSETS AND LEASES - Lease liabilities  HTML     68K 
                (Details)                                                        
87: R73         PROVISION FOR ENVIRONMENTAL REHABILITATION -        HTML     40K 
                Narrative (Details)                                              
88: R74         Provision for Environmental Rehabilitation          HTML     54K 
                (Details)                                                        
89: R75         INVESTMENTS IN REHABILITATION AND OTHER FUNDS -     HTML     66K 
                Environmental obligations (Details)                              
90: R76         INVESTMENTS IN REHABILITATION AND OTHER FUNDS -     HTML     42K 
                Market Risk (Details)                                            
91: R77         INVESTMENTS IN REHABILITATION AND OTHER FUNDS -     HTML     44K 
                Narrative (Details)                                              
92: R78         Cash and Cash Equivalents (Details)                 HTML     56K 
93: R79         Cash and Cash Equivalents - Market Risks (Details)  HTML     45K 
94: R80         CASH AND CASH EQUIVALENTS - Foreign Denominated     HTML     39K 
                Cash (Details)                                                   
95: R81         CASH AND CASH EQUIVALENTS - Market Risks Changes    HTML     38K 
                (Details)                                                        
96: R82         Cash Generated From Operations (Details)            HTML     85K 
97: R83         TRADE AND OTHER RECEIVABLES - Disclosure of trade   HTML     54K 
                and other receivables (Details)                                  
98: R84         TRADE AND OTHER RECEIVABLES - Balances of           HTML     48K 
                counterparties who have been assessed as being                   
                credit impaired at reporting date (Details)                      
99: R85         TRADE AND OTHER RECEIVABLES - Movement in the       HTML     44K 
                allowance for impairment in respect of trade and                 
                other receivables (Details)                                      
100: R86         TRADE AND OTHER RECEIVABLES - Narrative (Details)   HTML     38K  
101: R87         Trade and Other Payables (Details)                  HTML     54K  
102: R88         Inventories (Details)                               HTML     52K  
103: R89         Income Tax Expense (Details)                        HTML     81K  
104: R90         Income Tax Expense - Deferred Tax (Details)         HTML     39K  
105: R91         INCOME TAX EXPENSE - Movements in net deferred tax  HTML     40K  
                liability (Details)                                              
106: R92         INCOME TAX EXPENSE - Detailed components of the     HTML     59K  
                net deferred tax assets and liabilities (Details)                
107: R93         INCOME TAX EXPENSE - Deferred tax assets have not   HTML     42K  
                been recognised (Details)                                        
108: R94         INCOME TAX EXPENSE - Narrative (Details)            HTML     72K  
109: R95         EMPLOYEE BENEFITS - Long term incentive scheme      HTML     51K  
                (Details)                                                        
110: R96         EMPLOYEE BENEFITS - Share-based payment expense     HTML     36K  
                ELTI scheme (Details)                                            
111: R97         EMPLOYEE BENEFITS - Percentage of performance       HTML     40K  
                shares vesting (Details)                                         
112: R98         EMPLOYEE BENEFITS - Movement in the number of       HTML     56K  
                conditional shares (Details)                                     
113: R99         EMPLOYEE BENEFITS - Monte Carlo simulation pricing  HTML     50K  
                model (Details)                                                  
114: R100        EMPLOYEE BENEFITS - Key management personnel        HTML     45K  
                remuneration (Details)                                           
115: R101        EMPLOYEE BENEFITS - Narrative (Details)             HTML     57K  
116: R102        CAPITAL MANAGEMENT - Narrative (Details)            HTML     54K  
117: R103        EQUITY - Stated share capital (Details)             HTML     65K  
118: R104        EQUITY - Dividends (Details)                        HTML     64K  
119: R105        Operating Segments (Details)                        HTML    127K  
120: R106        Payments Made Under Protest (Details)               HTML     41K  
121: R107        Payments Made Under Protest - Narrative (Details)   HTML     44K  
122: R108        OTHER INVESTMENTS- Investments in other entities    HTML     79K  
                (Details)                                                        
123: R109        OTHER INVESTMENTS - Fair value of investments       HTML     41K  
                (Details)                                                        
124: R110        OTHER INVESTMENTS - Key observable/unobservable     HTML     54K  
                inputs (Details)                                                 
125: R111        OTHER INVESTMENTS - Sensitivity analysis (Details)  HTML     76K  
126: R112        OTHER INVESTMENTS - Narratives (Details)            HTML     42K  
127: R113        CONTINGENCIES - Narratives (Details)                HTML     55K  
128: R114        Subsequent Events (Details)                         HTML     67K  
131: XML         IDEA XML File -- Filing Summary                      XML    244K  
129: XML         XBRL Instance -- drd20220630_htm                     XML   3.52M  
130: EXCEL       IDEA Workbook of Financial Reports                  XLSX    236K  
 3: EX-101.CAL  XBRL Calculations -- drd-20220630_cal                XML    273K 
 4: EX-101.DEF  XBRL Definitions -- drd-20220630_def                 XML   1.13M 
 5: EX-101.LAB  XBRL Labels -- drd-20220630_lab                      XML   2.52M 
 6: EX-101.PRE  XBRL Presentations -- drd-20220630_pre               XML   1.87M 
 2: EX-101.SCH  XBRL Schema -- drd-20220630                          XSD    343K 
132: JSON        XBRL Instance as JSON Data -- MetaLinks              515±   756K  
133: ZIP         XBRL Zipped Folder -- 0001562762-22-000397-xbrl      Zip   2.40M  


‘EX-16.1’   —   Letter re: a Change in Accountant


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 
  exhibit161  
97
Exhibit 16.1
Securities and Exchange Commission
Washington, D.C. 20549
Dear Sir or Madam:
Change in registrant’s certifying
 
accountant
We are currently principal accountants for DRDGOLD
 
Limited and, under the date of October 28,
2022, we reported on:
 
the consolidated financial statements of DRDGOLD Limited
 
as of and for the years ended
 
the effectiveness of internal control over financial
 
reporting as of June 30, 2022.
On October 20, 2022, we were notified that DRDGOLD
 
Limited appointed BDO South Africa Inc. as
its principal accountant for the year ending June 30, 2023 and that
 
the auditor-client relationship with
KPMG Inc. will cease upon completion of the audit of DRDGOLD
 
Limited’s consolidated financial
statements as of and for the year ended June 30, 2022,
 
and the effectiveness of internal control
 
over
financial reporting as of June 30, 2022 and the issuance
 
of our report thereon.
 
We have read DRDGOLD Limited’s statements
 
included under item 16F of its Annual Report on
 
Form
20-F dated October 28, 2022, and we agree with such
 
statements, except that we are not in a position
to agree or disagree with DRDGOLD Limited’s
 
stated reason for changing principal accountants.
 
We
are also not in a position to agree or disagree with DRDGOLD
 
Limited’s statement that the change
was approved by the board of directors.
Yours faithfully,

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
6/30/23
Filed on:10/28/22
10/20/226-K
For Period end:6/30/22
6/30/2120-F
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/31/23  Drdgold Ltd.                      20-F/A      6/30/23  137:94M
10/30/23  Drdgold Ltd.                      20-F        6/30/23   10:83M
 4/13/23  SEC                               UPLOAD5/11/23    2:39K  Drdgold Ltd.
 3/02/23  SEC                               UPLOAD5/11/23    2:44K  Drdgold Ltd.


8 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/29/20  Drdgold Ltd.                      20-F       10/29/20  132:14M
10/31/19  Drdgold Ltd.                      20-F       10/31/19    8:3.8M
10/31/18  Drdgold Ltd.                      20-F        6/30/18   13:7.6M
 8/01/18  Sibanye Gold Ltd.                 SC 13D                 6:16M  Drdgold Ltd.                      Toppan Merrill/FA
10/30/15  Drdgold Ltd.                      20-F       10/30/15   10:3.6M                                   Ince Pty Ltd./FA
10/25/13  Drdgold Ltd.                      20-F       10/25/13   14:5.3M                                   Ince Pty Ltd./FA
10/26/12  Drdgold Ltd.                      20-F       10/26/12   14:5.9M                                   Ince Pty Ltd./FA
12/31/02  Drdgold Ltd.                      20-F        6/30/02   30:2.7M                                   Toppan Merrill-FA
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Filing Submission 0001562762-22-000397   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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