Exxaro Resources Limited
Annual Financial Statements 2022
| Group | Company | ||||
| At 31 December | 2022 Rm |
2021 Rm |
2022 Rm |
2021 Rm |
|
| Pending litigation and other claims1 | 313 | ||||
|---|---|---|---|---|---|
| Operational guarantees2 | 3 834 | 3 834 | 206 | 206 | |
| – Financial guarantees ceded to the DMRE | 3 606 | 3 606 | |||
| – Other financial guarantees | 228 | 228 | 206 | 206 | |
| Total contingent liabilities | 4 147 | 3 834 | 206 | 206 | |
| 1 | Relates to commercial disputes of which the outcome is uncertain. |
| 2 | Includes guarantees to banks and other institutions in the normal course of business from which it is anticipated that no material liabilities will arise. |
The timing and occurrence of any possible outflows of the contingent liabilities above are uncertain.
| Group | ||
| At 31 December | 2022 Rm |
2021 Rm |
| Share of contingent liabilities of equity-accounted investments | 1 354 | 1 564 |
|---|---|---|
| Group | Company | ||||
| At 31 December | 2022 Rm |
2021 Rm |
2022 Rm |
2021 Rm |
|
| Back-to-back guarantees | 134 | 134 | |||
|---|---|---|---|---|---|
| Other1 | 117 | 75 | 75 | ||
| Total contingent assets | 251 | 209 | 75 | ||
| 1 | 2022: Relates to performance guarantees issued to Exxaro in terms of various capital project agreements. 2021: Relates to 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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