The cash value added statement shows the wealth the group has created through mining operations and investing activities.

Exxaro generates and creates value to its various stakeholders as follows:

• Employees receive salaries or wages, share-based payments as well as bonuses (where certain performance conditions are met) and distributions from Mpower 2012
• The governments of the countries where Exxaro has operations and investments receive various taxes and royalty payments
• Suppliers and contractors are supported through the procurement of consumables, services and capital goods
• Shareholders receive a return on their investment through dividends and capital growth in the share price
• Providers of finance receive a return through interest and other loan costs
• Communities surrounding the operations of Exxaro benefit through corporate social investment initiatives
• All stakeholders benefit from continuous reinvestment into the group to ensure sustainability and expansion.

The statement on page 7 summarises the total cash wealth created and how it was disbursed among the group’s stakeholders. The retained amount was reinvested into the group for the replacement of assets and further development of operations (further value add over time).

Value distribution

VALUE DISTRIBUTION