Caledonia Mining Corp Plc
For the period ended Dec 31, 2023. Filed May 15, 2024.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2023 · Filed May 15, 2024
Contents
B. Sensitivity Analysis
As a result of the Group’s monetary assets and liabilities denominated in foreign currencies which is different to the functional currency of the underlying entities, the profit or loss and equity in the underlying entities could be affected by movements between the functional currency and the foreign currency. The table below indicates consolidated monetary assets/ (liabilities) in the Group that have a different functional currency and foreign currency.
| 2023 · 2022 · 2021 | ||||||
|---|---|---|---|---|---|---|
| $'000 · $'000 · $'000 | ||||||
| Functional currency | Functional currency | Functional currency | ||||
| ZAR | $ | ZAR | $ | ZAR | $ | |
| Cash and cash equivalents | 62 | 4,706 | 62 | 3,443 | 62 | 1,414 |
| USD denominated | 61 | - | 62 | - | 61 | - |
| ZAR denominated | - | 989 | - | 631 | - | 573 |
| RTGS$ denominated | - | 3,424 | - | 2,502 | - | 259 |
| GBP denominated | 1 | 293 | - | 235 | 1 | 426 |
| CAD denominated | - | - | - | 75 | - | 156 |
| Trade and other receivables - RTGS$ denominated | - | 3,118 | - | 2,607 | - | 2,293 |
| Trade and other payables - RTGS$ denominated | - | (106) | - | (130) | - | (166) |
| Overdraft and term loans - RTGS$ denominated | - | - | - | - | - | - |
| 62 | 7,718 | 62 | 5,920 | 62 | 3,541 | |
A reasonably possible strengthening or weakening of 5% of the various functional currencies against the foreign currencies would have the following equal or opposite effect on profit or loss before tax for the Group:
| 2023 $’000 · 2022 $’000 · 2021 $’000 | ||||||
|---|---|---|---|---|---|---|
| Functional currency | Functional currency | Functional currency | ||||
| ZAR | USD | ZAR | USD | ZAR | USD | |
| Cash and cash equivalents | 3 | 177 | 3 | 134 | 3 | 67 |
| Trade and other receivables | - | 148 | - | 124 | - | 109 |
| Trade and other payables | - | (5) | - | (6) | - | (8) |
| Overdraft | - | - | - | - | - | - |
| 3 | 320 | 3 | 252 | 3 | 168 | |
**C. Concentration of Credit Risk
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