Integrated Report 2021
Exxaro Resources Limited
Annual Financial Statements 2021
| Group | Company | ||||
| At 31 December | 2021 Rm |
2020 Rm |
2021 Rm |
2020 Rm |
|
| Operational guarantees1,2 | 3 834 | 4 531 | 206 | 233 | |
|---|---|---|---|---|---|
| – Financial guarantees ceded to the DMRE | 3 606 | 4 239 | |||
| – Other financial guarantees | 228 | 292 | 206 | 233 | |
| Total contingent liabilities | 3 834 | 4 531 | 206 | 233 | |
| 1 | Include guarantees to banks and other institutions in the normal course of business from which it is anticipated that no material liabilities will arise. |
| 2 | 2021: No longer includes R579 million which relates to the ECC operation guarantees which were cancelled upon the divestment. |
The timing and occurrence of any possible outflows of the contingent liabilities above are uncertain.
| Group | ||
| At 31 December | 2021 Rm |
2020 Rm |
| Share of contingent liabilities of equity-accounted investments | 1 564 | 1 535 |
|---|---|---|
| Group | Company | ||||
| At 31 December | 2021 Rm |
2020 Rm |
2021 Rm |
2020 Rm |
|
| Back-to-back guarantees | 134 | 134 | |||
|---|---|---|---|---|---|
| Other1 | 75 | 75 | |||
| Total contingent assets | 209 | 134 | 75 | ||
| 1 | Guarantees issued to Exxaro which arose on the divestment of the ECC operation in terms of the SPA. |
The timing and occurrence of any possible inflows of the contingent assets are uncertain.
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