Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2025
10.4.1 Other assets composition
|
Group |
Company |
|||||
|---|---|---|---|---|---|---|
|
At 31 December |
2025 Rm |
2024 Rm |
2025 Rm |
2024 Rm |
||
|
Non-current |
||||||
|
Reimbursements1 |
533 |
443 |
|
|
||
|
Biological assets |
46 |
37 |
|
|
||
|
Lease receivables2 |
6 |
18 |
|
|
||
|
Other |
61 |
71 |
2 |
1 |
||
|
Total non-current other assets |
646 |
569 |
2 |
1 |
||
|
Current |
||||||
|
VAT |
79 |
62 |
4 |
11 |
||
|
Diesel rebates |
35 |
40 |
|
|
||
|
Royalties |
|
63 |
|
|
||
|
Prepayments3 |
379 |
229 |
42 |
32 |
||
|
Lease receivables2 |
13 |
11 |
|
|
||
|
Other |
49 |
51 |
|
1 |
||
|
Total current other assets |
555 |
456 |
46 |
44 |
||
|
Total other assets |
1 201 |
1 025 |
48 |
45 |
||
1 Amounts recoverable from Eskom in respect of the rehabilitation, environmental expenditure and retirement employee obligations of the Matla operation.
2 The lease relates to the upgrade of the Zeeland Water Treatment Works (in Lephalale, South Africa), of which Exxaro funds the capital for a period of 15 years. The municipality’s share of the capital expenditure will be recovered through fixed monthly instalments over this period. The minimum lease instalments are payable monthly with no escalation and calculated at a rate of 14.3% (2024: 14.3%) per annum.
3 Includes an amount of R235.97 million (2024: R83.70 million) which relates to advance payments for assets under construction. The increase for 31 December 2025 relates mainly to the Karreebosch project.