| Group | |||||
| For the year ended 31 December 2023 |
Gross Rm |
Tax Rm |
NCI Rm |
Net Rm |
|
| Profit attributable to owners of the parent | 11 292 | ||||
|---|---|---|---|---|---|
| Adjusted for: | 61 | (15) | (11) | 35 | |
| – IAS 16 Net losses on disposal of property, plant and equipment | 57 | (15) | (10) | 32 | |
| – IAS 28 Share of equity-accounted investments' separately identifiable remeasurements | 4 | (1) | 3 | ||
| Headline earnings | 11 327 | ||||
|
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 assets2 | 53 | (12) | 41 | ||
| Headline earnings | 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 mining assets was due to the production volumes being revised down in line with anticipated logistics performance. |
| 2 | On 31 December 2022, the investment in LightApp was impaired to nil. |
IR