Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2024 
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Chapter 5Earnings

  • 5.3Reconciliation of headline earnings
  Group

For the year ended 31 December 2024 
Gross
Rm
 
Tax
Rm
 
NCI
Rm
 
  Net
Rm
 
Profit attributable to owners of the parent          7 724 
Adjusted for:  (756) 203  127    (426)
– IAS 16 Net losses on disposal of property, plant and equipment  27  (7) (5)   15 
– IAS 38 Losses on disposal of intangible assets  16  (4) (3)  
– IAS 28 Share of equity-accounted investments' separately identifiable remeasurements1  (799) 214  135    (450)
Headline earnings  7 298 
1 Includes Exxaro's share of SIOC's impairment reversal recognised on mining assets, amounting to R458 million (net of tax and NCI). The impairment reversal was due to a life of mine extension based on revisions to the forecast production volume profile.
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