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Exxaro Resources Limited
Annual Financial Statements 2022
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Currently viewing: 11.3 Right-of-use assets | Next: 11.4 Lease liabilities

CHAPTER 11: Leases

  • 11.3RIGHT-OF-USE ASSETS
Group
At 31 December 2022  Note  Land and 
buildings 
Rm 		 Residential 
land and 
buildings 
Rm 		 Buildings and 
infrastructure 
Rm 		 Machinery, 
plant and 
equipment 
Rm 		 Total 
Rm 
Gross carrying amount 
At beginning of the year  54  2  511  3  570 
Remeasurement adjustments1  4      6      10 
Lease expiry and terminations          (4) (1) (5)
At end of the year  58  2  513  2  575 
Accumulated depreciation 
At beginning of the year  (3) (2) (162) (2) (169)
Charges for the year  6.1.3  (2)     (56)     (58)
Lease expiry and terminations          3  1  4 
At end of the year  (5) (2) (215) (1) (223)
Net carrying amount at end of the year  53      298  1  352 
1 Relates to remeasurements arising from changes in CPI, as well as lease terms.

 

  Group 
At 31 December 2021  Note  Land and 
buildings 
Rm 		 Residential 
land and 
buildings 
Rm 		 Buildings and 
infrastructure 
Rm 		 Machinery, 
plant and 
equipment 
Rm 		 Total 
Rm 
Gross carrying amount 
At beginning of the year  51  2  508  2  563 
Additions          1      1 
Remeasurement adjustments1  3      8  1  12 
Lease expiry and terminations          (6)     (6)
At end of the year  54  2  511  3  570 
Accumulated depreciation 
At beginning of the year  (1) (1) (106) (2) (110)
Charges for the year  6.1.3  (2) (1) (62)     (65)
Lease expiry and terminations          6      6 
At end of the year  (3) (2) (162) (2) (169)
Net carrying amount at end of the year  51      349  1  401 
1 Relates to remeasurements arising from changes in CPI, as well as lease terms.

 

Company
At 31 December 2022  Note  Buildings and 
infrastructure 
Rm 		 Total 
Rm 
Gross carrying amount 
At beginning of the year  491  491 
Additions  1  1 
Remeasurement adjustments1  5  5 
At end of the year  497  497 
Accumulated depreciation 
At beginning of the year  (149) (149)
Changes for the year  6.1.3  (52) (52)
At end of the year  (201) (201)
Net carrying amount at end of the year  296  296 
1 Relates to remeasurements arising from changes in CPI, as well as lease terms.

 

  Company 
At 31 December 2021  Note  Buildings and 
infrastructure 
Rm 		 Total 
Rm 
Gross carrying amount 
At beginning of the year  490  490 
Remeasurement adjustments1  7  7 
Lease expiry and terminations  (6) (6)
At end of the year  491  491 
Accumulated depreciation 
At beginning of the year  (99) (99)
Charges for the year  6.1.3  (56) (56)
Lease expiry and terminations  6  6 
At end of the year  (149) (149)
Net carrying amount at end of the year  342  342 
1 Relates to remeasurements arising from changes in CPI, as well as lease terms.
Exxaro Resources Limited Annual Financial Statements 2022
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CHAPTER 1: THE YEAR IN BRIEF
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The year in brief

CHAPTER 2: REPORTS
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2.1 Responsibility statement on internal financial controls
2.2 Directors' approval
2.3 Certificate by the group company secretary
2.4 Report of the directors
2.5 Audit committee report
2.6 Independent auditor's report

CHAPTER 3: SEGMENTAL REPORTING
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3.1 Accounting policy relating to segmental reporting
3.2 Significant judgements and assumptions made by management in applying the related accounting policy
3.3 Reportable segments
3.4 Geographic location of segment assets

CHAPTER 4: FINANCIAL STATEMENTS
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4.1.1 Group financial statements of comprehensive income
4.1.2 Group financial statements of financial position
4.1.3 Group financial statements of changes in equity
4.1.4 Group financial statements of cash flows
4.2.1 Company financial statement of comprehensive income
4.2.2 Company financial statement of financial position
4.2.3 Company financial statement of changes in equity
4.2.4 Company financial statement of cash flows

CHAPTER 5: EARNINGS
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5.1 Accounting policy relating to earnings
5.2 Attributable earnings per share
5.3 Reconciliation of headline earnings
5.4 Headline earnings per share
5.5 Dividend distributions
5.6 Notes to the statements of cash flows relating to earnings
CHAPTER 6: OPERATIONAL PERFORMANCE AND WORKING CAPITAL
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6.1 Operational performance
6.2 Working capital
6.3 Notes to the statements of cash flows relating to operational performance and working capital

CHAPTER 7: TAXATION
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7.1 Accounting policies relating to taxation
7.2 Significant judgements and assumptions made by management in applying the related accounting policies
7.3 Income tax (expense)/benefit
7.4 Reconciliation of tax rates
7.5 Deferred tax
7.6 Notes to the statements of cash flows relating to taxation
7.7 Tax effect of other comprehensive income

CHAPTER 8: BUSINESS ENVIRONMENT AND PORTFOLIO CHANGES
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8.1 Accounting policies relating to business environment and portfolio changes
8.2 Significant judgements and assumptions made by management in applying the related accounting policies
8.3 Disposals of subsidiaries
8.4 Impairment charges of non-current assets

CHAPTER 9: ASSOCIATES AND JOINT ARRANGEMENTS
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9.1 Accounting policies relating to investments in associates and joint arrangements
9.2 Significant judgements and assumptions made by management in applying the related accounting policies
9.3 Income from investments in associates and joint ventures
9.4 Investments in associates and joint arrangements
9.5 Movement analysis of investments in associates and joint ventures
9.6 Summarised financial information of associates and joint ventures
9.7 Reconciliation of carrying amounts of investments in associates and joint ventures

CHAPTER 10: ASSETS
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10.1 Property, plant and equipment
10.2 Intangible assets
10.3 Financial assets
10.4 Other assets

CHAPTER 11: LEASES
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11.1 Accounting policies relating to leases
11.2 Judgements and assumptions made by management in applying the related accounting policies
11.3 Right-of-use assets
11.4 Lease liabilities

CHAPTER 12: FUNDING
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12.1 Debt
12.2 Equity

CHAPTER 13: PROVISIONS AND CONTINGENCIES
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13.1 Accounting policies relating to provisions and contingencies
13.2 Significant judgements and assumptions made by management in applying the related accounting policies
13.3 Provisions
13.4 Contingent liabilities and contingent assets

CHAPTER 14: PEOPLE
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14.1 Accounting policies relating to employee benefits
14.2 Significant judgements and assumptions made by management in applying the related accounting policies
14.3 Employee benefits
14.4 Retirement employee obligations
14.5 Directors' and prescribed officers' remuneration

CHAPTER 15: RELATED PARTIES
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15.1 Related-party transactions

CHAPTER 16: FINANCIAL INSTRUMENTS
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16.1 Accounting policies relating to financial instruments
16.2 Judgements and assumptions made by management in applying the related accounting policies
16.3 Financial instruments

CHAPTER 17: SUBSIDIARIES
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17.1 Accounting policies relating to subsidiaries
17.2 Significant judgements and assumptions made by management in applying the related accounting policies
17.3 Transactions with subsidiaries
17.4 Summary of investments in subsidiaries
17.5 Summary of indebtedness by/(to) subsidiaries
17.6 Detailed analysis of investments in subsidiaries
17.7 Non-controlling interests

CHAPTER 18: COMPLIANCE
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18.1 Basis of preparation
18.2 Adoption of new, amended and revised standards and interpretations
18.3 Events after the reporting period

CHAPTER 19: ANNEXURES
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Annexure 1 Shareholder analysis
Annexure 2 Definitions
Annexure 3 Administration
Annexure 4 Shareholders' diary

ACRONYMS
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Acronyms