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 | 7 | (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 |