Company | |||
For the year ended 31 December | 2024 Rm |
2023 Rm | |
Investments in subsidiaries | |||
Impairment charges | (32) | ||
– Rocsi Holdings Proprietary Limited1 | (6) | ||
– Exxaro Holdings Proprietary Limited2 | (26) | ||
Total impairment charges of investments in subsidiaries3 | (32) |
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. |