Integrated report 2019
Exxaro Resources Limited
Group and company annual financial statements
for the year ended 31 December 2019
Exxaro has adopted the following new standard for the first time for the year commencing on 1 January 2019:
The adoption of this standard has resulted in Exxaro changing its respective accounting policies. The impact of the adoption of the new accounting policies are disclosed in chapter 11.1.
New accounting standards, amendments to accounting standards and interpretations issued which are relevant to the group, but not yet effective on 31 December 2019, have not been adopted. It is expected that where applicable, these standards and amendments will be adopted on each respective effective date. The group continuously evaluates the impact of these standards and amendments. The effect of the implementation of the new, amended or revised standards are not expected to have a material impact, although assessments of the effect of the implementation of these new, amended or revised standards are ongoing.
