Exxaro Resources Limited
Annual Financial Statements 2022
| Group | |||||
| For the year ended 31 December 2022 | Gross Rm |
Tax Rm |
NCI Rm |
Net Rm |
|
| Profit attributable to owners of the parent | 13 826 | ||||
|---|---|---|---|---|---|
| Adjusted for: | 1 285 | (333) | (220) | 732 | |
| – IFRS 10 Loss on disposal of subsidiary | 1 | 1 | |||
| – IAS 16 Net losses on disposal of property, plant and equipment | 97 | (27) | (17) | 53 | |
| – IAS 28 Loss on dilution of investment in associate | 2 | 2 | |||
| – IAS 28 Share of equity-accounted investments' separately identifiable remeasurements1 | 1 132 | (306) | (191) | 635 | |
| – IAS 36 Impairment charges of non-current assets | 53 | (12) | 41 | ||
| Headline earnings | 14 558 | ||||
| Continuing operations | 14 558 | ||||
| 1 | Includes Exxaro's share of SIOC's impairment charge recognised on mining assets, amounting to R626 million (net of tax and NCI). The impairment charge on the mining assets was due to the production volumes being revised down in line with anticipated logistics performance. |
| Group | |||||
| For the year ended 31 December 2021 | Gross Rm |
Tax Rm |
NCI Rm |
Net Rm |
|
| Profit attributable to owners of the parent | 12 667 | ||||
| Adjusted for: | (1 684) | 266 | 319 | (1 099) | |
| – IFRS 10 Loss on disposal of subsidiaries | 947 | (93) | (196) | 658 | |
| – IAS 16 Net losses on disposal of property, plant and equipment | 46 | (14) | (7) | 25 | |
| – IAS 21 Net gains on translation differences recycled to profit or loss on disposal
of investment in foreign associate |
(876) | 197 | (679) | ||
| – IAS 21 Net gains on translation differences recycled to profit or loss on
deregistration of foreign subsidiaries |
(482) | 111 | (371) | ||
| – IAS 28 Net gains on disposal of associates | (1 339) | 379 | 217 | (743) | |
| – IAS 28 Share of equity-accounted investments' separately identifiable remeasurements | (1) | (1) | |||
| – IAS 36 Impairment charges of non-current assets | 21 | (6) | (3) | 12 | |
| Headline earnings | 11 568 | ||||
| Continuing operations | 11 512 | ||||
| Discontinued operations | 56 | ||||
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