|
Transactions with related parties are on terms that are not more nor less favourable than those arranged with independent third parties.
SHAREHOLDERS
The principal shareholders of the company at 31 December 2020 are detailed in chapter 19, annexure 1.
DIRECTORS
Details relating to directors’ emoluments and shareholdings (including options) in the company are disclosed in note 14.5.
SENIOR EMPLOYEES
Details relating to option and share transactions are disclosed in note 14.5.
KEY MANAGEMENT PERSONNEL
For Exxaro, other than the executive and non-executive directors and executive committee members, no other key management
personnel were identified. Refer note 14.5 for details on directors’ and an employee remuneration.
SUBSIDIARIES
Details of transactions with and investments in subsidiaries are disclosed in chapter 17.
STRUCTURED ENTITIES
The group has an interest in the following structured entities which are consolidated unless otherwise indicated:
| Entity |
|
|
Nature of business |
| Exxaro Chairman's Fund |
|
|
Local social economic development1 |
| Exxaro Foundation |
|
|
Local social economic development1 |
| Exxaro Employee Empowerment Participation Scheme Trust |
|
|
Employee share incentive trust |
| Exxaro Employee Empowerment Trust |
|
|
Employee share incentive trust |
| Exxaro Environmental Rehabilitation Fund |
|
|
Trust fund for mine closure |
| Exxaro Mountain Bike Academy NPC |
|
|
Local social economic development1 |
| Exxaro People Development Initiative NPC |
|
|
Local social economic development – bridging classes1 |
| Kumba Resources Management Share Trust |
|
|
Management share incentive trust |
| Exxaro Employee Share Ownership Trust2 |
|
|
Structured entity to hold shares in Exxaro ESOP SPV for the benefit of qualifying beneficiaries2 |
| Exxaro ESOP SPV RF Proprietary Limited2 |
|
|
Structured entity to hold shares in Eyesizwe for the benefit of Exxaro ESOP Trust2 |
| Exxaro Matla Setshabeng Development NPC2 |
|
|
Structured entity to benefit communities1,2 |
| Eyesizwe (RF) Proprietary Limited |
|
|
Structured entity to hold the BEE shares |
| Matla and Arnot Rehabilitation Trust |
|
|
Trust fund for mine closure |
| 1 |
Non-profit organisations. |
| 2 |
Refer note 8.7. |
ASSOCIATES AND JOINT VENTURES
Details of associates and JVs are disclosed in chapter 9. Details of trading transactions and balances are summarised below.
| |
Group |
| |
Associates |
|
Joint ventures |
| |
2020
Rm |
|
2019
Rm |
|
2020
Rm |
|
2019
Rm |
|
| Items of income/(expense) incurred during the year |
|
|
|
|
|
|
|
|
| Sales of goods and services rendered |
18 |
|
6 |
|
|
|
|
|
| Purchases of goods and services rendered |
(198) |
|
(318) |
|
(1 093) |
|
(1 103) |
|
| Outstanding balances at 31 December |
|
|
|
|
|
|
|
|
| Included in trade and other receivables |
26 |
|
1 |
|
2 |
|
1 |
|
| Included in trade and other payables |
(13) |
|
(12) |
|
(124) |
|
(124) |
|
|
