Exxaro report selector 2019

Report selector

Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2019

Currently viewing: CHAPTER 16 / 16.2 Judgements and assumptions made by management in applying the related accounting policies

16.2 Judgements and assumptions made by management in applying the related accounting policies

In applying IFRS 9 Financial Instruments, management makes judgements and assumptions in determining the impairment losses to be recognised in relation to financial assets. The ECL allowances for financial assets are based on assumptions about risk of default and expected loss rates. The group and company uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on the group and company’s past history, existing market conditions as well as forward-looking estimates at the end of each reporting period.