Integrated report 2019
Exxaro Resources Limited
Group and company annual financial statements
for the year ended 31 December 2019
| AGM | Annual general meeting |
| AMSA | ArcelorMittal South Africa Limited |
| Anglo | Anglo South Africa Capital Proprietary Limited |
| Anglo Coal | Anglo Coal (Grosvenor) Proprietary Limited |
| API4 | All publications index 4 (FOB Richards Bay 6000/kcal/kg) |
| AU$ | Australian dollar |
| BEE | Black economic empowerment |
| BEE Parties | External shareholders of Eyesizwe |
| Black Mountain | Black Mountain Proprietary Limited |
| Cennergi | Cennergi Proprietary Limited |
| CFR | Cost and freight |
| Chifeng | Chifeng Kumba Hongye Corporation Limited |
| Companies Act | Companies Act No 71 of 2008, as amended |
| CPI | Consumer price index |
| Curapipe | Curapipe Systems Limited |
| DBP | Deferred bonus plan |
| DCF | Discounted cash flow |
| DEA | Department of Environmental Affairs |
| DMR | Department of Mineral Resources |
| DMTN | Domestic Medium-Term Note |
| ECC | Exxaro Coal Central Proprietary Limited |
| ECL(s) | Expected credit loss(es) |
| Eloff | Eloff Mining Company Proprietary Limited |
| EMJV | Ermelo joint venture |
| ERP | Enterprise resource planning |
| ESD | Enterprise and supplier development |
| ESG | Environment, social and governance |
| Exxaro | Exxaro Resources Limited |
| Eyesizwe | Eyesizwe (RF) Proprietary Limited, a special purpose private company which has a 30% shareholding in Exxaro |
| FCTR | Foreign currency translation reserve |
| FECs | Forward foreign exchange contract(s) |
| Ferroland | Ferroland Grondtrust Proprietary Limited |
| FOB | Free on board |
| FPR | Financial provisioning regulations |
| FVOCI | Fair value through other comprehensive income |
| FVPL | Fair value through profit or loss |
| GAM | Global Asset Management Limited |
| HDSA | The meaning given to it, or any equivalent or replacement term, in the broad-based socio-economic empowerment charter for the South African Mining Industry, developed under section 100 of the MPRDA, as amended or replaced from time to time |
| HEPS | Headline earnings per share |
| IAS | International Accounting Standard(s) |
| IASB | International Accounting Standards Board |
| IFRIC | IFRS Interpretations Committee |
| IFRS | International Financial Reporting Standard(s) |
| IFRS 9 | IFRS 9 Financial Instruments |
| IFRS 15 | IFRS 15 Revenue from Contracts with Customers |
| IFRS 16 | IFRS 16 Leases |
| Incoterm | International Commercial Terms |
| IM | Information management |
| Insect Technology | Insect Technology Group Holdings UK Limited (previously named AgriProtein Holdings UK Limited) |
| IPP | Independent power producer |
| IT | Information technology |
| JIBAR | Johannesburg Interbank Agreed Rate |
| JORC | Joint Ore Reserves Committee Code |
| JSE | JSE Limited |
| kcal | Kilocalorie |
| Khopoli | Khopoli Investments Limited |
| King IV™ | King IV Report on Corporate Governance for South Africa, 2016 |
| KIO | Kumba Iron Ore Limited |
| KPI(s) | Key performance indicator(s) |
| Lebonix | Lebonix Proprietary Limited |
| LightApp | LightApp Technologies Limited |
| Listings Requirements | JSE Listings Requirements |
| LOM | Life of mine |
| LTIFR | Lost-time injury frequency rate |
| LTIP | Long-term incentive plan |
| Mafube | Mafube Coal Proprietary Limited |
| Manyeka | Manyeka Coal Mines Proprietary Limited |
| MoI | Memorandum of incorporation |
| MPRDA | Mineral and Petroleum Resources Development Act No 28 of 2002 |
| Mt | Million tonnes |
| NBC | North Block Complex |
| NCI | Non-controlling interests |
| NCOE | Notional cost of employment |
| NEMA | National Environmental Management Act of 1998 |
| NPC | Not for profit company |
| OCI | Other comprehensive income |
| PIC | Public Investment Corporation |
| PPI | Producer Price Index |
| PRC | People's Republic of China |
| Prime Rate | South African prime bank rate |
| PwC | PricewaterhouseCoopers Incorporated |
| RBCT | Richards Bay Coal Terminal Proprietary Limited |
| Replacement BEE Transaction | BEE transaction implemented in 2017 which resulted in Exxaro being held 30% by HDSAs |
| Rm | Rand million |
| RSA | Republic of South Africa |
| SAICA | South African Institute of Chartered Accountants |
| SAMREC Code | The South African code for the reporting of exploration results, mineral resources and mineral reserves |
| SARS | South African Revenue Service |
| SIC | Standard Interpretations Committee |
| SIOC | Sishen Iron Ore Company Proprietary Limited |
| SPPI | Solely payments of principal and interest |
| SSCC | Semi-soft coking coal |
| Tata Power | Tata Power Company Limited |
| TCFD | Task force on Climate-related Financial Disclosures |
| TiO2 | Titanium dioxide |
| Tronox | Exxaro's investment in Tronox entities |
| Tronox SA | Tronox KZN Sands Proprietary Limited and Tronox Mineral Sands Proprietary Limited |
| Tronox UK | Tronox Sands Limited Liability Partnership in the United Kingdom |
| TSR | Total shareholder return |
| Tumelo | Tumelo Coal Mines Proprietary Limited |
| TVP(s) | Targeted voluntary severance package(s) |
| UK | United Kingdom |
| US$ | United States dollar |
| USA | United States of America |
| VAT | Value added tax |
| WANOS | Weighted average number of shares |
