Reconciliation of earnings before interest, taxation, depreciation and amortisation (EBITDA)

  Six months ended
in millions of rand 30 June 2017  Reviewed 
30 June 2016  Reviewed 
Loss from operations (983) (269)
Adjusted for:
– Depreciation 437  518 
– Amortisation of intangible assets 12  12 
– Thabazimbi mine closure costs –  (75)
– Competition Commission settlement –  114 
– Unclaimed dividends –  (37)
– Derecognised payment in advance –  19 
EBITDA (534) 282