| Group | ||
|
For the year ended 31 December |
2023 Rm |
2022 Rm |
| Investments in associates | (53) | |
| Impairment charges | ||
| – LightApp |
(53) | |
| Total impairment charges of equity-accounted investments | |
(53) |
| Net impairment charges of non-current assets | |
(53) |
| Net effect on attributable earnings1 | |
(53) |
| 1 | Tax effect of nil. |
| Group | ||
For the year ended 31 December |
2023 Rm |
2022 Rm |
| Investments in subsidiaries | ||
| Impairment charges | (32) | |
| – Rocsi Holdings Proprietary Limited1 | (6) | |
| – Exxaro Holdings Proprietary Limited2 | (26) | |
| Total impairment charges of investments in subsidiaries | (32) | |
| Investments in associates | ||
| Impairment charges | (143) | |
| – LightApp |
(143) | |
| Total impairment charges of investments in associates | (143) | |
| Net impairment charges of non-current assets3 | (32) | (143) |
| 1 | On 31 December 2023, an impairment assessment was performed by comparing the carrying amount of the investment in Rocsi Holdings Proprietary Limited to its net asset value (the recoverable amount). As a result, an impairment of R6 million was recognised. |
| 2 | On 31 December 2023, an impairment assessment was performed by comparing the carrying amount of the investment in Exxaro Holdings Proprietary Limited to its net asset value (the recoverable amount). As a result, an impairment of R26 million was recognised. |
| 3 | Tax effect of nil. |
IR