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Exxaro Resources Limited
Group and company annual financial
statements for the year ended
31 December 2023
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CHAPTER 17:Subsidiaries

  • 17.4SUMMARY OF INVESTMENTS IN SUBSIDIARIES
  Company
  Gross carrying amount Accumulated
impairment
losses1
Net carrying amount
At 31 December 2023
Rm
2022
Rm
2023
Rm
2022
Rm
2023
Rm
2022
Rm
Unlisted subsidiaries equity shares 11 226 10 670 (2 776) (2 744) 8 450 7 926
Share-based payments 279 441     279 441
Investments in subsidiaries 11 505 11 111 (2 776) (2 744) 8 729 8 367
1 The accumulated impairment losses relates to (i) Exxaro Australia Holdings Proprietary Limited of R2 744 million (2022: R2 744 million) (ii) Exxaro Holdings Proprietary Limited of R26 million (2022: nil) and (iii) Rocsi Holdings Proprietary Limited of R6 million (2022: nil)