Exxaro report selector 2019

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

Currently viewing: CHAPTER 4 / 4.4 Company statement of changes in equity

4.4 Company statement of changes in equity

4.4

COMPANY STATEMENT OF CHANGES IN EQUITY

  Other components of equity          
   Share 
capital 
Rm
 
Foreign 
currency 
translation 
Rm
 
Equity- 
settled 
Rm
 
Other 
Rm
 
Retained 
earnings 
Rm
 
      Total 
equity 
Rm
 
  
At 31 December 2017  11 265  (2) 1 595  (2 366) 3 040        13 532    
Adjustment on initial application of IFRS 9, net of tax              (29)       (29)   
Adjusted balance at 1 January 2018  11 265  (2) 1 595  (2 366) 3 011        13 503    
Total comprehensive loss              (76)       (76)   
Loss for the year              (76)       (76)   
Transactions with owners of the company        (82) 1 794  (7 838)       (6 126)   
– Lapse of put option1           1 794           1 794    
– Share-based payments movement        (82)             (82)   
– Dividends paid2              (7 838)       (7 838)   
At 31 December 2018  11 265  (2) 1 513  (572) (4 903)       7 301    
Adjustment on initial application of IFRS 16, net of tax3              (1)       (1)   
Adjusted balance at 1 January 2019  11 265  (2) 1 513  (572) (4 904)       7 300    
Total comprehensive income           7 356        7 358    
– Profit for the year              7 356        7 356    
– Other comprehensive income for the year4                      
Transactions with owners of the company        (458) 572  (8 308)       (8 194)   
– Lapse of put option1           572           572    
– Share-based payments movement        (458)             (458)   
– Dividends paid2              (8 308)       (8 308)   
At 31 December 2019  11 265     1 055     (5 856)       6 464    
1 Exxaro derecognised its obligation to buy back its shares in terms of the put option issued to Eyesizwe which lapsed during 2019.
2 Refer note 5.6 for details of dividends paid.
3 Refer note 11.1 for details of the adjustment on initial application of IFRS 16.
4 Recycling of foreign currency translation reserve on deregistration of a foreign entity.