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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 9:Associates and joint arrangements

  • 9.7RECONCILIATION OF CARRYING AMOUNTS OF INVESTMENTS IN ASSOCIATES AND JOINT VENTURES

Set out below is a reconciliation of the equity attributable to owners of the parent (closing net assets) in 9.6, to the corresponding carrying value of the equity-accounted investment.

  Associates   Joint venture
Group SIOC 
Rm 
RBCT
Rm
Black
Mountain
Rm
  Mafube
Rm
At 31 December 2023          
Closing net assets 68 337  19 627 8 703   3 843
Interest in equity-accounted investment (%) 20.62  10.26 26.00   50.00
Interest in equity-accounted investment 14 091  2 014 2 263   1 922
Unrealised profit in closing balances (12)        
Carrying value 14 079  2 014 2 263   1 922
At 31 December 2022          
Closing net assets 53 865  19 724 7 435   5 998
Interest in equity-accounted investment (%) 20.62  10.26 26.00   50.00
Interest in equity-accounted investment 11 107  2 024 1 933   2 999
Unrealised profit in closing balances (3)        
Carrying value 11 104  2 024 1 933   2 999