Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2024 
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Chapter 9Associates and joint arrangements

  • 9.6Summarised financial information of associates and joint ventures

The summarised financial information set out below relates to the associates and JVs that are material to the group, and represents 100% of the entity's financial performance and position, as adjusted to reflect adjustments made by Exxaro when using the equity method.

   Associates     Joint venture 
  SIOC 
Rm
 
RBCT 
Rm
 
Black 
Mountain 
Rm
 
   Mafube 
Rm 
Statements of comprehensive income            
For the year ended 31 December 2024            
Revenue  68 529  1 544  7 508     3 517 
Operating expenses  (46 009) (1 388) (6 081)    (2 938)
Operating profit  22 520  156  1 427     579 
Impairment reversal of non-current assets  3 940          
Net operating profit  26 460  156  1 427     579 
Finance income  649    58     76 
Finance costs  (457) (258) (871)    (31)
Profit/(loss) before tax  26 652  (102) 614     624 
Income tax (expense)/benefit  (7 354) 26  (368)    (172)
Profit/(loss) for the year  19 298  (76) 246     452 
Other comprehensive income/(loss) 33  (326)     
Total comprehensive income/(loss) for the year  19 331  (69) (80)    452 
Dividends paid to Exxaro  3 741         130 
             
Statements of financial position            
At 31 December 2024            
Non-current assets  66 715  22 670  17 567     3 996 
Current assets  31 764  660  306     1 459 
Total assets  98 479  23 330  17 873     5 455 
Equity and liabilities            
Total equity  69 525  19 558  8 623     4 035 
Non-current liabilities  17 586  2 654  6 405     1 233 
Current liabilities  11 368  1 118  2 845     187 
Total equity and liabilities  98 479  23 330  17 873     5 455 
Included above in JVs:            
Cash and cash equivalents           804 
Depreciation and amortisation           237 

 

   Associates     Joint venture 
  SIOC 
Rm 
RBCT 
Rm 
Black 
Mountain 
Rm 
   Mafube 
Rm 
Statements of comprehensive income            
For the year ended 31 December 2023            
Revenue  86 234  1 493  9 135     3 713 
Operating expenses  (45 281) (1 354) (7 551)    (2 696)
Net operating profit  40 953  139  1 584     1 017 
Finance income  652    86     259 
Finance costs  (836) (270) (38)    (48)
Profit/(loss) before tax  40 769  (131) 1 632     1 228 
Income tax (expense)/benefit  (10 909) 35  (353)    (333)
Profit/(loss) for the year  29 860  (96) 1 279     895 
Other comprehensive income/(loss) 1 036  (1) (11)     
Total comprehensive income/(loss) for the year  30 896  (97) 1 268     895 
Dividends paid to Exxaro  3 386         1 525 
           
Statements of financial position           
At 31 December 2023           
Non-current assets  59 941  22 319  13 033     3 915 
Current assets  38 938  643  1 250     1 680 
Total assets  98 879  22 962  14 283     5 595 
Equity and liabilities           
Total equity  68 337  19 627  8 703     3 843 
Non-current liabilities  16 092  2 181  3 880     1 179 
Current liabilities  14 450  1 154  1 700     573 
Total equity and liabilities  98 879  22 962  14 283     5 595 
Included above in JVs:           
Cash and cash equivalents          862 
Depreciation and amortisation          234