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Sibanye Stillwater Ltd. – ‘20-F’ for 12/31/23 – ‘EX-13.1’

On:  Friday, 4/26/24, at 10:01am ET   ·   For:  12/31/23   ·   Accession #:  1786909-24-19   ·   File #:  333-234096

Previous ‘20-F’:  ‘20-F/A’ on 12/14/23 for 12/31/22   ·   Latest ‘20-F’:  This Filing   ·   14 References:   

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

 4/26/24  Sibanye Stillwater Ltd.           20-F       12/31/23  236:284M

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  18.29M 
                Non-Canadian Issuer                                              
 2: EX-2.4      Plan of Acquisition, Reorganization, Arrangement,   HTML    113K 
                Liquidation or Succession                                        
 3: EX-4.5      Instrument Defining the Rights of Security Holders  HTML    586K 
 4: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     58K 
 7: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     59K 
 8: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     59K 
11: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     76K 
                Awarded Compensation                                             
 5: EX-12.1     Statement re: the Computation of Ratios             HTML     63K 
 6: EX-12.2     Statement re: the Computation of Ratios             HTML     62K 
 9: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     58K 
10: EX-16.1     Letter re: a Change in Accountant                   HTML     69K 
17: R1          Cover                                               HTML    140K 
18: R2          Audit Information                                   HTML     63K 
19: R3          Consolidated income statement                       HTML    131K 
20: R4          Consolidated statement of other comprehensive       HTML     87K 
                income                                                           
21: R5          Consolidated statement of financial position        HTML    162K 
22: R6          Consolidated statement of changes in equity         HTML    120K 
23: R7          Consolidated statement of cash flows                HTML    150K 
24: R8          Consolidated statement of cash flows -              HTML     70K 
                Parenthetical (Details)                                          
25: R9          Accounting policies                                 HTML    275K 
26: R10         Segment reporting                                   HTML   2.13M 
27: R11         Revenue                                             HTML    202K 
28: R12         Cost of sales                                       HTML    100K 
29: R13         Interest income and finance expense                 HTML    131K 
30: R14         Share-based payments                                HTML    573K 
31: R15         Gain/(loss) on financial instruments                HTML    119K 
32: R16         Other costs and other income                        HTML    119K 
33: R17         Restructuring costs                                 HTML     69K 
34: R18         (Impairments)/reversal of impairments               HTML    177K 
35: R19         Royalties, mining and income tax, and deferred tax  HTML    366K 
36: R20         Earnings per share                                  HTML    160K 
37: R21         Dividends                                           HTML    154K 
38: R22         Property plant and equipment                        HTML    339K 
39: R23         Right-of-use assets                                 HTML     90K 
40: R24         Acquisitions                                        HTML    293K 
41: R25         Goodwill and other intangibles                      HTML    227K 
42: R26         Equity accounted investments                        HTML    336K 
43: R27         Interests in joint operations                       HTML    117K 
44: R28         Other investments                                   HTML    123K 
45: R29         Environmental rehabilitation obligation funds       HTML    102K 
46: R30         Other receivables and other payables                HTML    289K 
47: R31         Inventories                                         HTML    113K 
48: R32         Trade and other receivables                         HTML    127K 
49: R33         Cash and cash equivalents                           HTML     71K 
50: R34         Stated share capital                                HTML     81K 
51: R35         Non-controlling interests                           HTML    196K 
52: R36         Borrowings and derivative financial instrument      HTML    717K 
53: R37         Lease liabilities                                   HTML    113K 
54: R38         Environmental rehabilitation obligation and other   HTML    217K 
                provisions                                                       
55: R39         Occupational healthcare obligation                  HTML    113K 
56: R40         Deferred revenue                                    HTML    157K 
57: R41         Trade and other payables                            HTML     86K 
58: R42         Cash generated by operations                        HTML    125K 
59: R43         Change in working capital                           HTML     71K 
60: R44         Financial instruments and risk management           HTML    427K 
61: R45         Commitments                                         HTML    109K 
62: R46         Contingent liabilities/assets                       HTML     75K 
63: R47         Related-party transactions                          HTML    323K 
64: R48         Directors' and prescribed officers' remuneration    HTML    323K 
65: R49         Events after reporting date                         HTML     77K 
66: R50         Accounting policies (Policies)                      HTML   1.17M 
67: R51         Segment reporting (Tables)                          HTML   2.12M 
68: R52         Revenue (Tables)                                    HTML    147K 
69: R53         Cost of sales (Tables)                              HTML     91K 
70: R54         Interest income and finance expense (Tables)        HTML    128K 
71: R55         Share-based payments (Tables)                       HTML    722K 
72: R56         Gain/(Loss) on Financial Instruments (Tables)       HTML    119K 
73: R57         Other costs and other income (Tables)               HTML    119K 
74: R58         (Impairments)/reversal of impairments (Tables)      HTML    172K 
75: R59         Royalties, mining and income tax, and deferred tax  HTML    310K 
                (Tables)                                                         
76: R60         Earnings per share (Tables)                         HTML    153K 
77: R61         Dividends (Tables)                                  HTML    134K 
78: R62         Property plant and equipment (Tables)               HTML    271K 
79: R63         Right-of-use assets (Tables)                        HTML     84K 
80: R64         Acquisitions (Tables)                               HTML    231K 
81: R65         Goodwill and other intangibles (Tables)             HTML    212K 
82: R66         Equity accounted investments (Tables)               HTML    289K 
83: R67         Interests in joint operations (Tables)              HTML     82K 
84: R68         Other investments (Tables)                          HTML    111K 
85: R69         Environmental rehabilitation obligation funds       HTML     94K 
                (Tables)                                                         
86: R70         Other receivables and other payables (Tables)       HTML    237K 
87: R71         Inventories (Tables)                                HTML     93K 
88: R72         Trade and other receivables (Tables)                HTML    107K 
89: R73         Cash and cash equivalents (Tables)                  HTML     67K 
90: R74         Stated share capital (Tables)                       HTML     77K 
91: R75         Non-controlling interests (Tables)                  HTML    162K 
92: R76         Borrowings and derivative financial instrument      HTML    550K 
                (Tables)                                                         
93: R77         Lease liabilities (Tables)                          HTML    111K 
94: R78         Environmental rehabilitation obligation and other   HTML    193K 
                provisions (Tables)                                              
95: R79         Occupational healthcare obligation (Tables)         HTML     84K 
96: R80         Deferred revenue (Tables)                           HTML    142K 
97: R81         Trade and other payables (Tables)                   HTML     79K 
98: R82         Cash generated by operations (Tables)               HTML    125K 
99: R83         Change in working capital (Tables)                  HTML     71K 
100: R84         Financial instruments and risk management (Tables)  HTML    270K  
101: R85         Commitments (Tables)                                HTML    108K  
102: R86         Related-party transactions (Tables)                 HTML    372K  
103: R87         Directors' and prescribed officers' remuneration    HTML    359K  
                (Tables)                                                         
104: R88         Accounting policies (Tables)                        HTML     78K  
105: R89         Accounting policies - Reporting entity (Details)    HTML    130K  
106: R90         Accounting policies - Consolidation (Details)       HTML    136K  
107: R91         Accounting policies - Unconsolidated structured     HTML     63K  
                entities (Details)                                               
108: R92         Segment reporting (Details)                         HTML    627K  
109: R93         Revenue - Accounting policy (Details)               HTML     84K  
110: R94         Revenue - Sources of revenue (Details)              HTML    103K  
111: R95         Revenue - Revenue per product (Details)             HTML     99K  
112: R96         Revenue - Narrative (Details)                       HTML     71K  
113: R97         Cost of sales (Details)                             HTML     91K  
114: R98         Interest income and finance expense (Details)       HTML    101K  
115: R99         Interest income and finance expense - Cash          HTML     75K  
                interest (Details)                                               
116: R100        Share-based payments - Equity settled, 2017 and     HTML    133K  
                2013 Plans (Details)                                             
117: R101        Share-based payments - Equity settled, 2017 and     HTML     74K  
                2013 Plan Activity (Details)                                     
118: R102        Share-based payments - Equity settled, Directors    HTML     63K  
                and Prescribed Officers 2017 and 2013 Plans                      
                (Details)                                                        
119: R103        Share-based payments - Equity settled, DRD Gold     HTML     75K  
                (Details)                                                        
120: R104        Share-based payments - Cash settled, 2020, 2021,    HTML    186K  
                2022 and 2023 Plan (Details)                                     
121: R105        Share-based payments - Cash settled, Directors      HTML    134K  
                (Details)                                                        
122: R106        Share-based payments - Cash settled, BEE            HTML    108K  
                transactions narrative (Details)                                 
123: R107        Share-based payments - Cash settled, Marikana       HTML     77K  
                (Details)                                                        
124: R108        Share-based payments - Cash settled, Obligations    HTML    103K  
                (Details)                                                        
125: R109        Share-based payments - Expense (Details)            HTML     75K  
126: R110        Gain/(Loss) on Financial Instruments (Details)      HTML    143K  
127: R111        Other costs and other income - Other costs          HTML     83K  
                (Details)                                                        
128: R112        Other costs and other income - Other income         HTML     83K  
                (Details)                                                        
129: R113        Restructuring costs (Details)                       HTML     65K  
130: R114        (Impairments)/reversal of impairments (Details)     HTML     98K  
131: R115        (Impairments)/reversal of impairments) - Mining     HTML    117K  
                assets and goodwill (Details)                                    
132: R116        (Impairments)/reversal of impairments - Impairment  HTML     89K  
                assumptions (Details)                                            
133: R117        (Impairments)/reversal of impairments - Narrative   HTML     69K  
                (Details)                                                        
134: R118        Royalties, mining and income tax, and deferred tax  HTML    121K  
                - Revenue from Mineral Resource (Details)                        
135: R119        Royalties, mining and income tax, and deferred      HTML    120K  
                tax- Rate reconciliation (Details)                               
136: R120        Royalties, mining and income tax, and deferred tax  HTML    118K  
                - Deferred Tax (Details)                                         
137: R121        Royalties, mining and income tax, and deferred tax  HTML     84K  
                - Receivables and payables (Details)                             
138: R122        Earnings per share (Details)                        HTML    119K  
139: R123        Dividends - Accounting Policy (Details)             HTML     83K  
140: R124        Dividends - Dividend Reconciliation (Details)       HTML    106K  
141: R125        Property plant and equipment - Depreciation of      HTML     71K  
                non-mining assets (Details)                                      
142: R126        Property plant and equipment- Cost, accumulated     HTML    163K  
                amortisation and carrying value (Details)                        
143: R127        Right-of-use assets (Details)                       HTML     74K  
144: R128        Acquisitions - Century narrative (Details)          HTML     83K  
145: R129        Acquisitions - Century consideration paid           HTML    110K  
                (Details)                                                        
146: R130        Acquisitions - Century assets/liabilities & NCI     HTML    108K  
                (Details)                                                        
147: R131        Acquisitions - Kroondal narrative (Details)         HTML     82K  
148: R132        Acquisitions - Kroondal consideration paid          HTML    128K  
                (Details)                                                        
149: R133        Acquisitions - Kroondal assets/liabilities & Gain   HTML    113K  
                (Details)                                                        
150: R134        Acquisitions - Copper Mines consideration           HTML     67K  
                (Details)                                                        
151: R135        Acquisitions - Copper Mine asset/liabilities        HTML     76K  
                (Details)                                                        
152: R136        Acquisitions - Net cash flow (Details)              HTML     83K  
153: R137        Goodwill and other intangibles - Changes to         HTML    121K  
                balance and allocations of goodwill in                           
                acquisitions (Details)                                           
154: R138        Goodwill and other intangibles - Estimates and      HTML    142K  
                Assumptions Used in the Calculation of Goodwill                  
                (Details)                                                        
155: R139        Equity accounted investments - Summary (Details)    HTML     76K  
156: R140        Equity accounted investments - Rand - Narrative     HTML     62K  
                (Details)                                                        
157: R141        Equity accounted investments - Rand (Details)       HTML     70K  
158: R142        Equity accounted investments - Summary of           HTML    101K  
                Financial Statements of Rand Refinery (Details)                  
159: R143        Equity accounted investments- Mimosa - Narrative    HTML     62K  
                (Details)                                                        
160: R144        Equity accounted investments- Mimosa (Details)      HTML     73K  
161: R145        Equity accounted investments - Mimosa - Summary of  HTML    151K  
                Financial Statements of Mimosa (Details)                         
162: R146        Equity accounted investments - Peregrine -          HTML     95K  
                Narrative (Details)                                              
163: R147        Equity accounted investments - Peregrine (Details)  HTML     69K  
164: R148        Equity accounted investments - Summary of           HTML     87K  
                Financial Statements of Peregrine (Details)                      
165: R149        Equity accounted investments - Cash flows           HTML     67K  
                (Details)                                                        
166: R150        Interests in joint operations (Details)             HTML     99K  
167: R151        Interests in joint operations - Assets/liabilities  HTML     89K  
                (Details)                                                        
168: R152        Other investments (Details)                         HTML    139K  
169: R153        Environmental rehabilitation obligation funds       HTML     82K  
                (Details)                                                        
170: R154        Other receivables and other payables - Other        HTML     76K  
                receivables (Details)                                            
171: R155        Other receivables and other payables - Other        HTML     91K  
                payables (Details)                                               
172: R156        Other receivables and other payables - Right of     HTML     89K  
                recovery and Deferred (Details)                                  
173: R157        Other receivables and other payables - Contingent   HTML    120K  
                consideration (Details)                                          
174: R158        Other receivables and other payables - Marikana     HTML     79K  
                dividend obligation (Details)                                    
175: R159        Other receivables and other payables - Keliber      HTML     86K  
                dividend obligation (Details)                                    
176: R160        Other receivables and other payables - Payments     HTML     96K  
                made (Details)                                                   
177: R161        Inventories (Details)                               HTML     96K  
178: R162        Trade and other receivables (Details)               HTML     93K  
179: R163        Trade and other receivables - Impairment allowance  HTML     98K  
                (Details)                                                        
180: R164        Cash and cash equivalents (Details)                 HTML     63K  
181: R165        Stated share capital - Authorised and issued        HTML     72K  
                (Details)                                                        
182: R166        Non-controlling interests - Group?s NCI relates     HTML     74K  
                (Details)                                                        
183: R167        Non-controlling interests - Summarised financial    HTML    105K  
                information of subsidiary groups (Details)                       
184: R168        Non-controlling interests - Narrative (Details)     HTML    111K  
185: R169        Non-controlling interests - NCI impact 2023         HTML     93K  
                (Details)                                                        
186: R170        Non-controlling interests - NCI impact 2022         HTML    103K  
                (Details)                                                        
187: R171        Non-controlling interests - Century (Details)       HTML     81K  
188: R172        Borrowings and derivative financial instrument -    HTML     68K  
                Summary (Details)                                                
189: R173        Borrowings and derivative financial instrument -    HTML    190K  
                Borrowings and derivative financial instrument                   
                (Details)                                                        
190: R174        Borrowings and derivative financial instrument -    HTML    105K  
                US$600 million RCF (Details)                                     
191: R175        Borrowings and derivative financial instrument -    HTML    121K  
                US$1 billion RCF (Details)                                       
192: R176        Borrowings and derivative financial instrument -    HTML    101K  
                R5.5 billion RCF (Details)                                       
193: R177        Borrowings and derivative financial instrument -    HTML     93K  
                2026 and 2029 Notes (Details)                                    
194: R178        Borrowings and derivative financial instrument -    HTML    120K  
                US$ Convertible Bond (Details)                                   
195: R179        Borrowings and derivative financial instrument -    HTML    120K  
                Burnstone Debt (Details)                                         
196: R180        Borrowings and derivative financial instrument -    HTML     78K  
                Other borrowings (Details)                                       
197: R181        Borrowings and derivative financial instrument -    HTML     97K  
                Fair Value (Details)                                             
198: R182        Borrowings and derivative financial instrument -    HTML    124K  
                Market risk (Details)                                            
199: R183        Borrowings and derivative financial instrument -    HTML     80K  
                Interest rate changes (Details)                                  
200: R184        Borrowings and derivative financial instrument -    HTML     68K  
                Capital management (Details)                                     
201: R185        Borrowings and derivative financial instrument -    HTML    114K  
                Reconciliation of EBITDA (Details)                               
202: R186        Lease liabilities - Changes in lease liabilities    HTML     74K  
                (Details)                                                        
203: R187        Lease liabilities - Lease payments expensed         HTML     67K  
                (Details)                                                        
204: R188        Lease liabilities - Undiscounted maturity analysis  HTML     68K  
                of lease liabilities (Details)                                   
205: R189        Environmental rehabilitation obligation and other   HTML     86K  
                provisions - Assumptions used to calculate the                   
                provision (Details)                                              
206: R190        Environmental rehabilitation obligation and other   HTML     70K  
                provisions - Summary (Details)                                   
207: R191        Environmental rehabilitation obligation and other   HTML     83K  
                provisions - Schedule of environmental                           
                rehabilitation obligation activity (Details)                     
208: R192        Environmental rehabilitation obligation and other   HTML     79K  
                provisions - Other provisions (Details)                          
209: R193        Environmental rehabilitation obligation and other   HTML     60K  
                provisions - Narrative (Details)                                 
210: R194        Occupational healthcare obligation - Narrative      HTML     73K  
                (Details)                                                        
211: R195        Occupational healthcare obligation - Change in      HTML     78K  
                obligation (Details)                                             
212: R196        Deferred revenue - Inputs in model to unwind        HTML    104K  
                deferred revenue (Details)                                       
213: R197        Deferred revenue - Narrative (Details)              HTML     63K  
214: R198        Deferred revenue - Changes in Deferred Revenue      HTML     95K  
                (Details)                                                        
215: R199        Trade and other payables (Details)                  HTML     74K  
216: R200        Cash generated by operations (Details)              HTML    118K  
217: R201        Change in working capital (Details)                 HTML     67K  
218: R202        Financial instruments and risk management -         HTML    116K  
                Significant financial instruments measured at fair               
                value (Details)                                                  
219: R203        Financial instruments and risk management -         HTML     80K  
                Reconciliation (Details)                                         
220: R204        Financial instruments and risk management -         HTML    171K  
                Maturities (Details)                                             
221: R205        Financial instruments and risk management -         HTML    100K  
                Working capital and going concern assessment                     
                (Details)                                                        
222: R206        Financial instruments and risk management -         HTML    105K  
                Commodity price sensitivity and hedging (Details)                
223: R207        Commitments (Details)                               HTML    114K  
224: R208        Contingent liabilities/assets (Details)             HTML     68K  
225: R209        Related-party transactions - Narrative (Details)    HTML     67K  
226: R210        Related-party transactions - Transactions and       HTML     66K  
                balances with related parties (Details)                          
227: R211        Related-party transactions - Key management         HTML     70K  
                remuneration (Details)                                           
228: R212        Directors' and prescribed officers' remuneration -  HTML    135K  
                Executive directors and prescribed officers                      
                remuneration (Details)                                           
229: R213        Directors' and prescribed officers' remuneration -  HTML    106K  
                Non-executive director fees (Details)                            
230: R214        Directors' and prescribed officers' remuneration -  HTML    123K  
                Key management share ownership (Details)                         
231: R215        Events after reporting date (Details)               HTML     78K  
233: XML         IDEA XML File -- Filing Summary                      XML    558K  
236: XML         XBRL Instance -- sbsw-20231231_htm                   XML  24.04M  
232: EXCEL       IDEA Workbook of Financial Report Info              XLSX    752K  
13: EX-101.CAL  XBRL Calculations -- sbsw-20231231_cal               XML    695K 
14: EX-101.DEF  XBRL Definitions -- sbsw-20231231_def                XML   3.34M 
15: EX-101.LAB  XBRL Labels -- sbsw-20231231_lab                     XML   4.76M 
16: EX-101.PRE  XBRL Presentations -- sbsw-20231231_pre              XML   4.24M 
12: EX-101.SCH  XBRL Schema -- sbsw-20231231                         XSD    853K 
234: JSON        XBRL Instance as JSON Data -- MetaLinks            1,013±  1.58M  
235: ZIP         XBRL Zipped Folder -- 0001786909-24-000019-xbrl      Zip 101.83M  


‘EX-13.1’   —   Annual or Quarterly Report to Security Holders


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Exhibit 13.1
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 (18 U.S.C. SECTION 1350)

In connection with the Annual Report on Form 20-F of Sibanye Stillwater Limited (the “Company”) for the period ended 31 December 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Neal Froneman, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
1The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: 26 April 2024
Chief Executive Officer



14 Previous Filings that this Filing References

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

 4/26/24  Sibanye Stillwater Ltd.           6-K        12/31/23    2:44M
 4/26/24  Sibanye Stillwater Ltd.           6-K        12/31/23    2:47M
 4/26/24  Sibanye Stillwater Ltd.           6-K        12/31/23    2:48M
 4/26/24  Sibanye Stillwater Ltd.           6-K        12/31/23    2:83M
12/14/23  Sibanye Stillwater Ltd.           20-F/A     12/31/22   16:130M
 4/24/23  Sibanye Stillwater Ltd.           20-F       12/31/22  218:272M
 4/22/22  Sibanye Stillwater Ltd.           20-F       12/31/21  220:395M
 4/22/22  Sibanye Stillwater Ltd.           6-K        12/31/21    3:115M
 4/22/22  Sibanye Stillwater Ltd.           6-K        12/31/21    4:156M
 4/22/21  Sibanye Stillwater Ltd.           20-F       12/31/20  189:131M                                   Toppan Merrill/FA
 4/28/20  Sibanye Stillwater Ltd.           20-F       12/31/19  187:50M                                    Toppan Merrill Bridge/FA
12/05/19  Sibanye Stillwater Ltd.           F-4/A                  9:3.6M                                   Toppan Merrill-FA
10/04/19  Sibanye Stillwater Ltd.           F-4                   13:3.2M                                   Toppan Merrill-FA
 1/15/13  Sibanye Gold Ltd.                 20FR12B¶              18:11M                                    Donnelley … Solutions/FA
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Filing Submission 0001786909-24-000019   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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