CHAPTER 10:Assets

10.4.1 OTHER ASSETS COMPOSITION

	Group		Company
At 31 December	2020 Rm	(Re- presented)¹ 2019 Rm	2020 Rm	(Re- presented)¹ 2019 Rm
Non-current
Reimbursements²	373	1 648
Indemnification asset: Total S.A.³		1 410
Biological assets	28	24
Lease receivables⁴	53	61
Deferred costs	2
Other	74	51	1	1
Total non-current other assets	530	3 194	1	1
Current
Indemnification asset: Tronox Holdings plc⁵		65		65
VAT	504	501
Royalties	127	114
Prepayments	144	120	5	10
Current tax receivables	198	265	8
Lease receivables⁴	6	6
Other	41	33	1	9
Total current other assets	1 020	1 104	14	84
Total other assets	1 550	4 298	15	85

¹	2019 has been re-presented as a result of the following reclassifications: Intangible assets have been disaggregated from other assets due to it becoming material for 2020 in light of the business combination Lease receivables have been aggregated as part of other assets so as to remove immaterial items from the face of the statement of financial position to provide a better presentation of assets for the users.
²	Amounts recoverable from Eskom in respect of rehabilitation, environmental expenditure and retirement employee obligations of the Matla operation at the end of LoM (2019: included Matla and Arnot operations).
³	Upon the acquisition of ECC in 2015, Total S.A. indemnified Exxaro from any obligations relating to EMJV (refer note 8.4). The indemnification lapsed in August 2020.
⁴	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 13% per annum.
⁵	The indemnification asset arose on the repurchase of the Tronox Holdings plc ordinary shares as Tronox Holdings plc indemnified Exxaro from any tax obligation, which arose on the disposal of any of the Tronox Holdings plc ordinary shares held by Exxaro subsequent to the redomicile.

Exxaro report selector 2020