Company statement of changes in equity

	Other components of equity
	Share capital Rm	Foreign currency translation Rm	Equity- settled Rm	Other Rm	Retained earnings/ (accumulated deficit) Rm	Total equity Rm
At 31 December 2016 (Restated)¹	2 975	(2)	1 362	(3 524)	10 093	10 904
Loss for the year					(554)	(554)
Issue of share capital²	10 241					10 241
Share-based payments movement			233			233
Dividends paid					(2 231)	(2 231)
Share repurchase3	(1 951)			1 158	(4 268)	(5 061)
At 31 December 2017 (Restated)	11 265	(2)	1 595	(2 366)	3 040	13 532
Adjustment on initial application of IFRS 9 (net of tax)⁴					(29)	(29)
Adjusted balance at 1 January 2018	11 265	(2)	1 595	(2 366)	3 011	13 503
Profit for the year					(76)	(76)
Share repurchase³				1 794		1 794
Share-based payments movement			(82)			(82)
Dividends paid					(7 838)	(7 838)
At 31 December 2018	11 265	(2)	1 513	(572)	(4 903)	7 301

¹	Refer note 5.7 for details of the restatement.
²	Exxaro issued 67 221 565 ordinary shares to Eyesizwe at a discounted share price of R73.92 per share which had a market share price of R152.35 on 11 December 2017
³	For 2018, Exxaro derecognised a portion of the obligation to buy back its shares in terms of the put option issued to Eyesizwe. For 2017, Exxaro executed two repurchases. Exxaro repurchased 43 943 744 ordinary shares from Main Street 333 for a purchase consideration of R3 524 million during January 2017 and 22 686 572 ordinary shares from Main Street 333 for a purchase consideration of R2 695 million during December 2017. In addition, Exxaro recognised an obligation amounting to R2 366 million to buy-back its shares as a result of the put option issued to Eyesizwe.
⁴	Refer note 5.6 for details of the adjustments on initial application of IFRS 9.

Exxaro Resource limited Report Selector 2018