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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 4:Financial statements

  • 4.1GROUP FINANCIAL STATEMENTS
  • 4.1.4Statement of cash flows
For the year ended 31 December   Note  2023 
Rm 
2022 
Rm
 
Cash flows from operating activities     11 129  14 410 
Cash generated by operations  6.3.1  13 307  18 863 
Interest paid  12.1.6  (1 100) (982)
Interest received  12.1.6  1 525  650 
Tax paid  7.6  (2 603) (4 121)
Cash flows from investing activities     2 045  3 990 
Property, plant and equipment acquired     (2 699) (1 652)
Proceeds from disposal of property, plant and equipment    
Cash received from financial assets at amortised cost     196  90 
ESD loans granted     (171) (112)
ESD loans settled     108  50 
Settlement of deferred consideration     56  94 
Portfolio investments acquired      (400)
Deposit facilities acquired     (360)  
Lease receivables settled     16  15 
Increase in environmental rehabilitation funds     (19) (8)
Dividends received from equity-accounted investments  9.5  4 911  5 903 
Dividends received from financial assets    
Cash flows from financing activities     (8 228) (10 617)
Interest-bearing borrowings raised  12.1.3  489   
Interest-bearing borrowings repaid  12.1.3  (658) (1 181)
Transaction costs paid on interest-bearing borrowings raised     (13)  
Lease liabilities paid  11.4  (41) (34)
Dividends paid to owners of the parent  5.6  (5 505) (6 686)
Dividends paid to NCI BEE Parties  17.7.1  (1 831) (2 237)
Dividends paid to NCI of Tsitsikamma SPV  17.7.1  (24) (37)
Distributions to NCI share option holders  17.7.1    (1)
Shares acquired in the market to settle share-based payments     (645) (441)
Net increase in cash and cash equivalents     4 946  7 783 
Cash and cash equivalents at beginning of the year     14 812  7 041 
Translation difference on movement in cash and cash equivalents     101  (12)
Cash and cash equivalents at end of the year   6.2.5  19 859  14 812