Exxaro Resources Limited

Reviewed condensed group financial statements and unreviewed production and sales volumes information for the year ended 31 December 2023

Condensed group statement of comprehensive incomeFor the year ended 31 December

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2023

Reviewed

Rm

2022

Audited

Rm

Revenue (note 7

38 698 

46 369 

Operating expenses (note 8)

(28 071)

(30 148)

Operating profit

10 627 

16 221 

Loss on disposal of subsidiary

(1)

Net operating profit

10 627 

16 220 

Finance income (note 10)

1 570 

694 

Finance costs (note 10)

(1 252)

(1 052)

Income from financial assets

Share of income of equity-accounted investments (note 11)

6 987 

6 477 

Impairment charges of equity-accounted investments

(53)

Profit before tax

17 934 

22 292 

Income tax expense

(3 231)

(4 287)

Profit for the year

14 703 

18 005 

Other comprehensive income/(loss), net of tax

200 

384 

Items that will not be reclassified to profit or loss:

(29)

14 

– Remeasurement of retirement employee obligations

– Changes in fair value of equity investments at FVOCI

(31)

10 

– Share of OCI of equity-accounted investments

Items that may subsequently be reclassified to profit or loss:

244 

300 

– Unrealised exchange differences on translation of foreign operations

88 

34 

– Changes in fair value on cash flow hedges

(44)

113 

– Changes in fair value on costs of hedging

(9)

– Share of OCI of equity-accounted investments

209 

153 

Items that have subsequently been reclassified to profit or loss:

(15)

70 

– Recycling of changes in fair value on cash flow hedges

(15)

70 

Total comprehensive income for the year

14 903 

18 389 

Profit attributable to:

Owners of the parent

11 292 

13 826 

Non-controlling interests

3 411 

4 179 

Profit for the year

14 703 

18 005 

Total comprehensive income attributable to:

Owners of the parent

11 448 

14 113 

Non-controlling interests

3 455 

4 276 

Total comprehensive income for the year

14 903 

18 389 

 

cents

cents

Attributable earnings per share

– Basic

4 666 

5 713 

– Diluted

4 666 

5 713