CHAPTER 17:Subsidiaries

		Company
For the year ended 31 December Note	Note		2023 Rm	2022 Rm
Corporate management services rendered to the following subsidiaries:	6.1.2		1 543	1 753
Exxaro Coal Proprietary Limited			1 070	1 195
Exxaro Coal Mpumalanga Proprietary Limited			432	501
Other subsidiaries			41	57
Dividend revenue from the following subsidiaries:	6.1.2		4 767	6 323
Cennergi Proprietary Limited				261
Exxaro Coal Proprietary Limited¹			3 910	5 420
Eyesizwe (RF) Proprietary Limited			362	443
Rocsi Holdings Proprietary Limited¹			495	199
Interest revenue from the following subsidiaries:	6.1.2		463	3 432
From interest-bearing back-to-back loans receivable with:			443	370
– Exxaro Coal Proprietary Limited			443	370
From interest-bearing acquisition loans receivable with:			4	6
– Exxaro ESOP SPV RF Proprietary Limited				2
– Exxaro Aga Setshaba NPC			4	4
From treasury facilities receivable² with:			16	3 056
– Exxaro Coal Proprietary Limited				2 628
– Exxaro Coal Mpumalanga Proprietary Limited				399
– Other subsidiaries			16	29

¹	Relates to dividends in specie.
²	Change in terms since 1 January 2023 to consolidate treasury accounts on a monthly basis resulted in a decrease in interest revenue.

For the year ended 31 December	Note	2023 Rm	2022 Rm
Interest expense on treasury facilities payable¹ with:	12.1.2	(1 053)	(3 097)
Exxaro Coal Proprietary Limited		(964)	(2 830)
Exxaro Coal Mpumalanga Proprietary Limited		(88)	(256)
Other subsidiaries		(1)	(11)

¹	Change in terms since 1 January 2023 to consolidate treasury accounts on a monthly basis resulted in a decrease in interest expense.