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

  • 9.7Reconciliation 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.

  Group
  Associates   Joint venture
SIOC
Rm
RBCT
Rm
Black
Mountain
Rm
  Mafube
Rm
At 31 December 2024  
Closing net assets 69 525 19 558 8 623   4 035
Interest in equity-accounted investment (%) 20.62 10.26 26.00   50.00
Interest in equity-accounted investment 14 336 2 007 2 242   2 018
Unrealised profit in closing balances (7)  
Carrying value 14 329 2 007 2 242   2 018
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