9.6 Summarised financial information of associates and joint ventures

The summarised financial information set out below relates to the associates and joint ventures that are material to the group and represents 100% of the entity’s financial performance and position, adjusted to reflect adjustments made by Exxaro when using the equity method.

	Associates			Joint ventures
At 31 December	Tronox SA Rm	SIOC Rm	RBCT Rm	Mafube Rm	Cennergi Rm
Statements of comprehensive income
For the year ended 31 December 2019
Revenue	9 035	64 285	1 659	2 031	1 161
Operating expenses	(7 441)	(35 284)	(1 372)	(1 732)	(400)
Net operating profit	1 594	29 001	287	299	761
Finance income	45	769		12	32
Finance costs	(378)	(406)	(320)	(40)	(613)
Profit/(loss) before tax	1 261	29 364	(33)	271	180
Income tax (expense)/benefit	(363)	(7 908)	42	(73)	(70)
Profit for the year	898	21 456	9	198	110
Other comprehensive income/(loss)	207	(87)	6		(96)
Total comprehensive income for the year	1 105	21 369	15	198	14
Dividends paid to Exxaro		4 051			95
Statements of financial position
At 31 December 2019
Non-current assets	11 766	40 678	23 678	3 506	5 187
Current assets	5 734	26 445	373	677	618
Total assets	17 500	67 123	24 051	4 183	5 805
Equity and liabilities
Total equity	9 509	47 710	19 952	2 671	543
Non-current liabilities	4 989	12 595	2 982	1 170	5 135
Current liabilities	3 002	6 818	1 117	342	127
Total equity and liabilities	17 500	67 123	24 051	4 183	5 805
Included above in joint ventures:
Cash and cash equivalents				165	373
Financial liabilities (excluding trade and other payables and provisions)					5 072
– Non-current					4 981
– Current					91
Depreciation and amortisation				251	194

	Associates			Joint ventures
At 31 December	Tronox SA Rm	SIOC Rm	RBCT Rm	Mafube Rm	Cennergi Rm
Statements of comprehensive income
For the year ended 31 December 2018
Revenue	9 370	45 725	1 139	1 515	1 050
Operating expenses	(6 959)	(29 395)	(1 405)	(1 066)	(315)
Net operating profit/(loss)	2 411	16 330	(266)	449	735
Finance income	146	484		9	44
Finance costs	(543)	(221)	(110)	(71)	(612)
Profit/(loss) before tax	2 014	16 593	(376)	387	167
Income tax (expense)/benefit	(546)	(3 944)	36	(123)	(34)
Profit/(loss) for the year from continuing operations	1 468	12 649	(340)	264	133
Loss for the year from discontinued operations		(82)
Profit/(loss) for the year	1 468	12 567	(340)	264	133
Other comprehensive income	12	522	6
Total comprehensive income/(loss) for the year	1 480	13 089	(334)	264	133
Dividends paid to Exxaro		2 569			58
Statements of financial position
At 31 December 2018
Non-current assets	11 365	41 431	22 546	3 544	5 570
Current assets	10 019	21 921	229	751	500
Total assets	21 384	63 352	22 775	4 295	6 070
Equity and liabilities
Total equity	8 403	46 145	19 937	2 473	730
Non-current liabilities	9 131	11 559	1 621	1 499	5 311
Current liabilities	3 850	5 648	1 217	323	29
Total equity and liabilities	21 384	63 352	22 775	4 295	6 070
Included above in joint ventures:
Cash and cash equivalents				329	264
Financial liabilities (excluding trade and other payables and provisions)				533	5 135
– Non-current				533	5 135
Depreciation and amortisation				143	181

Exxaro report selector 2019

Integrated report 2019

Annual financial statements

ESG report

Consolidated mrr reserves report

Tax report

CHAPTER 1: THE YEAR IN BRIEF

CHAPTER 2: REPORTS

CHAPTER 3: SEGMENTAL REPORTING

CHAPTER 4: FINANCIAL STATEMENTS

CHAPTER 5: EARNINGS

CHAPTER 6: OPERATIONAL PERFORMANCE AND WORKING CAPITAL

CHAPTER 7: TAXATION

CHAPTER 8: BUSINESS ENVIRONMENT AND PORTFOLIO CHANGES

CHAPTER 9: ASSOCIATES AND JOINT ARRANGEMENTS

CHAPTER 10: ASSETS

CHAPTER 11: LEASES

CHAPTER 12: FUNDING

CHAPTER 13: PROVISIONS AND CONTINGENCIES

CHAPTER 14: PEOPLE

CHAPTER 15: RELATED PARTIES

CHAPTER 16: FINANCIAL INSTRUMENTS

CHAPTER 17: SUBSIDIARIES

CHAPTER 18: COMPLIANCE

CHAPTER 19: ANNEXURES

CHAPTER 20: ACRONYMS

9.6 Summarised financial information of associates and joint ventures