| |
|
| Portfolio changes in 2020 |
|
|
| Type2 |
Date |
Country3 |
Nature
of
business4 |
| DIRECT INVESTMENTS |
|
|
| |
| Aquicure Proprietary Limited |
|
| RSA |
W |
| Cennergi Proprietary Limited |
A |
1 Apr |
RSA |
H |
| Clipeus Investment Holdings Proprietary Limited |
|
| RSA |
H |
| Colonna Properties Proprietary Limited |
|
| RSA |
B |
| Cullinan Refractories Proprietary Limited |
S |
30 Sept |
RSA |
B |
| Exxaro Australia Holdings Proprietary Limited5 |
|
| AUS |
H |
| Exxaro Base Metals and Industrial Minerals Holdings Proprietary Limited |
|
| RSA |
H |
| Exxaro Chairman's Fund |
|
| RSA |
S |
| Exxaro Coal Central Proprietary Limited |
T |
31 Dec |
RSA |
M |
| Exxaro Coal Proprietary Limited |
|
| RSA |
M |
| Exxaro Employee Empowerment Participation Scheme Trust6 |
|
| RSA |
S |
| Exxaro Employee Empowerment Trust6 |
|
| RSA |
S |
| Exxaro Environmental Rehabilitation Fund |
|
| RSA |
S |
| Exxaro ESOP SPV RF Proprietary Limited7 |
N |
27 Mar |
RSA |
S |
| Exxaro FerroAlloys Proprietary Limited |
|
| RSA |
A |
| Exxaro Foundation |
|
| RSA |
S |
| Exxaro Holdings Proprietary Limited |
|
| RSA |
H |
| Exxaro Insurance Company Limited |
|
| RSA |
I |
| Exxaro Matla Setshabeng Development NPC7 |
N |
11 May |
RSA |
S |
| Exxaro Mountain Bike Academy NPC |
|
| RSA |
E |
| Exxaro People Development Initiative NPC |
|
| RSA |
E |
| Exxaro Properties (Groenkloof) Proprietary Limited6 |
|
| RSA |
B |
| Exxaro Resources (Beijing) Commercial Company Limited |
D |
9 Sept |
PRC |
C |
| Eyesizwe (RF) Proprietary Limited (2020: 14.86%; 2019: 24.86%)7 |
|
| RSA |
S |
| Ferroland Grondtrust Proprietary Limited |
|
| RSA |
F |
| Gravelotte Iron Ore Company Proprietary Limited |
|
| RSA |
B |
| K2018621183 (SA) Proprietary Limited |
|
| RSA |
C |
| Kumba Resources Management Share Trust |
|
| RSA |
S |
| Rocsi Holdings Proprietary Limited |
|
| RSA |
H |
| Total direct investments in subsidiaries |
|
|
| |
|
| Investment in subsidiaries
|
|
|
| Investment
in shares
|
| Investment in
share-based payments
|
|
|
| |
2020
R |
|
|
2019
R |
| 2020
R
|
| 2019
R
|
|
| DIRECT INVESTMENTS |
|
|
|
|
|
|
|
|
|
|
| Aquicure Proprietary Limited |
|
100 |
|
|
100 |
|
|
|
|
|
| Cennergi Proprietary Limited |
|
2 437 330 415 |
|
|
|
|
|
|
|
|
| Clipeus Investment Holdings Proprietary Limited |
|
1 |
|
|
1 |
|
|
|
|
|
| Colonna Properties Proprietary Limited |
|
2 518 966 |
|
|
2 518 966 |
|
|
|
|
|
| Cullinan Refractories Proprietary Limited |
|
|
|
| 1 000 |
|
|
|
|
|
| Exxaro Australia Holdings Proprietary Limited5 |
|
608 115 666 |
|
|
556 076 871 |
|
|
|
|
|
| Exxaro Base Metals and Industrial Minerals Holdings Proprietary Limited |
|
1 |
|
|
1 |
|
|
|
|
|
| Exxaro Chairman's Fund |
|
|
|
|
|
|
|
|
|
|
| Exxaro Coal Central Proprietary Limited |
|
|
|
| 2 389 488 797 |
|
|
|
|
|
| Exxaro Coal Proprietary Limited |
|
1 868 325 864 |
|
|
1 868 325 864 |
| 290 |
|
276 |
|
| Exxaro Employee Empowerment Participation Scheme Trust6 |
|
|
|
|
|
|
|
|
|
|
| Exxaro Employee Empowerment Trust6 |
|
|
|
|
|
|
|
|
|
|
| Exxaro Environmental Rehabilitation Fund |
|
|
|
|
|
|
|
|
|
|
| Exxaro ESOP SPV RF Proprietary Limited7 |
|
100 |
|
|
|
|
|
|
|
|
| Exxaro FerroAlloys Proprietary Limited |
|
1 |
|
|
1 |
| 5 |
|
5 |
|
| Exxaro Foundation |
|
|
|
|
|
|
|
|
|
|
| Exxaro Holdings Proprietary Limited |
|
459 517 297 |
|
|
459 517 297 |
|
|
|
|
|
| Exxaro Insurance Company Limited |
|
312 000 000 |
|
|
312 000 000 |
|
|
|
|
|
| Exxaro Matla Setshabeng Development NPC7 |
|
|
|
|
|
|
|
|
|
|
| Exxaro Mountain Bike Academy NPC |
|
|
|
|
|
|
|
|
|
|
| Exxaro People Development Initiative NPC |
|
|
|
|
|
|
|
|
|
|
| Exxaro Properties (Groenkloof) Proprietary Limited6 |
|
1 |
|
|
1 |
|
|
|
|
|
| Exxaro Resources (Beijing) Commercial Company Limited |
|
|
|
| 1 609 275 |
|
|
|
|
|
| Eyesizwe (RF) Proprietary Limited (2020: 14.86%; 2019: 24.86%)7 |
|
1 482 907 923 |
|
|
2 480 517 136 |
|
|
|
|
|
| Ferroland Grondtrust Proprietary Limited |
|
2 |
|
|
2 |
| 5 |
|
5 |
|
| Gravelotte Iron Ore Company Proprietary Limited |
|
1 |
|
|
1 |
|
|
|
|
|
| K2018621183 (SA) Proprietary Limited |
|
100 |
|
|
100 |
|
|
|
|
|
| Kumba Resources Management Share Trust |
|
|
|
|
|
|
|
|
|
|
| Rocsi Holdings Proprietary Limited |
|
653 722 945 |
|
|
653 722 945 |
|
|
|
|
|
| Total direct investments in subsidiaries |
|
7 824 439 383 |
|
|
8 723 778 358 |
| 300 |
|
286 |
|
|
| |
Total indebtedness receivable/(payable) |
|
| |
Total indebtedness by |
| (Total indebtedness to) |
|
| Type of
indebted
ness |
2020
Rm |
|
2019
Rm |
| 2020
Rm |
|
2019
Rm |
| DIRECT INVESTMENTS |
|
|
|
|
|
|
| |
| Aquicure Proprietary Limited |
Non-interest-bearing |
35 |
|
31 |
|
|
| |
| Cennergi Proprietary Limited |
|
|
|
|
|
|
| |
| Clipeus Investment Holdings Proprietary Limited |
Non-interest-bearing |
23 |
|
|
|
|
| |
| Colonna Properties Proprietary Limited |
|
|
|
|
|
|
| |
| Cullinan Refractories Proprietary Limited |
|
|
|
|
|
|
| |
| Exxaro Australia Holdings Proprietary Limited5 |
|
|
|
|
|
|
| |
| Exxaro Base Metals and Industrial Minerals Holdings Proprietary Limited |
Non-interest-bearing |
215 |
|
219 |
|
|
| |
| Exxaro Chairman's Fund |
|
|
|
|
|
|
| |
| Exxaro Coal Central Proprietary Limited |
Total |
352 |
|
228 |
| (182) |
|
(949) |
|
| – Treasury facility |
|
|
|
| (182) |
|
(949) |
|
| – Current indebtedness |
352 |
|
228 |
|
|
| |
| Exxaro Coal Proprietary Limited |
Total |
7 350 |
|
7 295 |
| (7 217) |
|
(4 499) |
|
| – Interest-bearing |
7 150 |
|
7 060 |
|
|
| |
|
| – Treasury facility |
|
|
|
| (7 217) |
|
(4 499) |
|
| – Current indebtedness |
200 |
|
235 |
|
|
| |
| Exxaro Employee Empowerment Participation Scheme Trust6 |
|
|
|
|
|
|
| |
| Exxaro Employee Empowerment Trust6 |
|
|
|
|
|
|
| |
| Exxaro Environmental Rehabilitation Fund |
|
|
|
|
|
|
| |
| Exxaro ESOP SPV RF Proprietary Limited7 |
Interest-bearing |
51 |
|
|
|
|
| |
| Exxaro FerroAlloys Proprietary Limited |
Total |
186 |
|
133 |
|
|
| |
|
| – Treasury facility |
180 |
|
126 |
|
|
| |
|
| – Current indebtedness |
6 |
|
7 |
|
|
| |
| Exxaro Foundation |
|
|
|
|
|
|
| |
| Exxaro Holdings Proprietary Limited |
Non-interest-bearing |
75 |
|
108 |
|
|
| |
| Exxaro Insurance Company Limited |
Current indebtedness |
2 |
|
1 |
|
|
| |
| Exxaro Matla Setshabeng Development NPC7 |
Interest-bearing |
137 |
|
|
|
|
| |
| Exxaro Mountain Bike Academy NPC |
Non-interest-bearing |
|
|
|
|
|
| |
| Exxaro People Development Initiative NPC |
|
|
|
|
|
|
| |
| Exxaro Properties (Groenkloof) Proprietary Limited6 |
Non-interest-bearing |
|
|
|
| (1) |
|
(1) |
| Exxaro Resources (Beijing) Commercial Company Limited |
|
|
|
|
|
|
| |
| Eyesizwe (RF) Proprietary Limited (2020: 14.86%; 2019: 24.86%)7 |
|
|
|
|
|
|
| |
| Ferroland Grondtrust Proprietary Limited |
Treasury facility |
233 |
|
194 |
|
|
| |
| Gravelotte Iron Ore Company Proprietary Limited |
|
|
|
|
|
|
| |
| K2018621183 (SA) Proprietary Limited |
Non-interest-bearing |
5 |
|
1 |
|
|
| |
| Kumba Resources Management Share Trust |
Non-interest-bearing |
|
|
|
| (70) |
|
(68) |
| Rocsi Holdings Proprietary Limited |
Non-interest-bearing |
|
|
|
| (1 612) |
|
(1 394) |
| Total direct investments in subsidiaries |
| 8 664 |
|
8 210 |
| (9 082) |
|
(6 911) |
1 At 100% holding except where otherwise indicated.
2 A – Acquisition, D – Deregistered, N – Formation of new entity, L – Liquidated, S – Sold, T – Reclassified to non-current assets held-for-sale (refer chapter 8 for details of changes in portfolio).
3 Country of incorporation: RSA – Republic of South Africa, AUS – Australia, HK – Hong Kong, NE – Netherlands, PRC – Peoples– Republic of China, SW – Switzerland.
4 M – Mining, B – Property, C – Service, E – NPC, F – Farming, H – Holdings, I – Insuring, A – Manufacturing, P – Exploration, S – Structured entity, W – Water, MIC – Mines in closure,
R – Renewable Energy.
5 Additional share capital was issued during 2020 and part of the loan was capitalised. The name was changed from Exxaro Australia Iron Holdings Proprietary Limited.
6 Entity in process of liquidation or deregistration.
7 Part of the investment in Eyesizwe (RF) Proprietary Limited has been sold to Exxaro ESOP SPV (5%) and Exxaro Community NPC (5%) (refer note 8.7).
|
| |
|
|
|
Investment in subsidiaries |
|
| Portfolio changes
in 2020 |
|
|
Investment in shares |
| Investment in
share-based payments |
|
| Type2 |
Date |
Country3 |
Nature of business4 |
2020
R |
2019
R |
| 2020
Rm |
2019
Rm |
| INDIRECT INVESTMENTS |
|
|
|
|
|
|
|
| |
| Amakhala Emoyeni RF Proprietary Limited (95%) |
A |
1 Apr |
RSA |
R |
|
|
|
| |
| Coastal Coal Proprietary Limited |
|
| RSA |
MIC |
|
|
| 3 |
3 |
| Dorstfontein Coal Mines Proprietary Limited (74%) |
T |
31 Dec |
RSA |
M |
|
|
|
| |
| Exxaro Australia Proprietary Limited |
|
| AUS |
M & P |
|
|
|
| |
| Exxaro Base Metals China Limited |
L |
30 Nov |
HK |
H |
|
|
|
| |
| Exxaro Base Metals International BV |
|
| NE |
H |
|
|
|
| |
| Exxaro Coal Mpumalanga Proprietary Limited |
|
| RSA |
M |
|
|
| 264 |
274 |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
| Exxaro International BV |
|
| NE |
H |
|
|
|
| |
| Exxaro International Trading AG |
|
| SW |
C |
|
|
| (1) |
|
| Exxaro Reductants Proprietary Limited |
|
| RSA |
A |
|
|
|
| |
| Forzando Coal Mines Proprietary Limited (74%) |
T |
31 Dec |
RSA |
M |
|
|
|
| |
| Ithemba Farm Proprietary Limited |
T |
31 Dec |
RSA |
F |
|
|
|
| |
| Matla and Arnot Rehabilitation Trust |
|
| RSA |
S |
|
|
|
| |
| Mmakau Coal Proprietary Limited (49%) |
T |
31 Dec |
RSA |
P |
|
|
|
| |
| Newcastle Coal Mines Proprietary Limited |
T |
31 Dec |
RSA |
MIC |
|
|
|
| |
| The Vryheid (Natal) Railway Coal and Iron Company Proprietary Limited |
|
| RSA |
MIC |
|
|
|
| |
| Exxaro Employee Share Ownership Trust |
N |
27 Mar |
RSA |
S |
|
|
|
| |
| Jeka Mphamvu Proprietary Limited5 |
A |
1 Apr |
RSA |
R |
|
|
|
| |
| Tsitsikamma RF Proprietary Limited |
A |
1 Apr |
RSA |
R |
|
|
|
| |
| Total indirect investment in subsidiaries |
|
|
|
|
|
|
| 266 |
277 |
| Total investment in subsidiaries |
|
|
|
| 7 824 439 383 |
8 723 778 358 |
| 566 |
563 |
|
| |
Total indebtedness receivable/(payable) |
|
| |
Total indebtedness by |
| (Total indebtedness to) |
|
| Type of indebtedness |
2020
Rm |
2019
Rm |
| 2020
Rm |
2019
Rm |
| INDIRECT INVESTMENTS |
|
|
|
|
| |
| Amakhala Emoyeni RF Proprietary Limited (95%) |
|
|
|
|
| |
| Coastal Coal Proprietary Limited |
Treasury facility |
66 |
41 |
|
| |
| Dorstfontein Coal Mines Proprietary Limited (74%) |
|
|
|
|
| |
| Exxaro Australia Proprietary Limited |
|
|
|
|
| |
| Exxaro Base Metals China Limited |
|
|
|
|
| |
| Exxaro Base Metals International BV |
|
|
|
|
| |
| Exxaro Coal Mpumalanga Proprietary Limited |
Total |
4 456 |
3 657 |
|
| |
|
| – Treasury facility |
4 378 |
3 513 |
|
| |
|
| – Current indebtedness |
79 |
144 |
|
| |
| Exxaro International BV |
Non-interest-bearing |
|
|
| (6 989) |
(6 989) |
| Exxaro International Trading AG |
|
|
|
|
| |
| Exxaro Reductants Proprietary Limited |
Treasury facility |
| 145 |
|
| |
| Forzando Coal Mines Proprietary Limited (74%) |
|
|
|
|
| |
| Ithemba Farm Proprietary Limited |
|
|
|
|
| |
| Matla and Arnot Rehabilitation Trust |
|
|
|
|
| |
| Mmakau Coal Proprietary Limited (49%) |
|
|
|
|
| |
| Newcastle Coal Mines Proprietary Limited |
|
|
|
|
| |
| The Vryheid (Natal) Railway Coal and Iron Company Proprietary Limited |
Treasury facility |
30 |
19 |
|
| |
| Exxaro Employee Share Ownership Trust |
|
|
|
|
| |
| Jeka Mphamvu Proprietary Limited5 |
|
|
|
|
| |
| Tsitsikamma RF Proprietary Limited |
|
|
|
|
| |
| Total indirect investment in subsidiaries |
| 4 553 |
3 862 |
| (6 989) |
(6 989) |
| Total investment in subsidiaries |
| 13 217 |
12 072 |
| (16 071) |
(13 900) |
1 At 100% holding except where otherwise indicated.
2 A – Acquisition, D – Deregistered, N – Formation of new entity, L – Liquidated, S – Sold, T – Reclassified to non-current assets held-for-sale (refer chapter 8 for details of changes in portfolio).
3 Country of incorporation: RSA – Republic of South Africa, AUS – Australia, HK – Hong Kong, NE – Netherlands, PRC – Peoples – Republic of China, SW – Switzerland.
4 M – Mining, B – Property, C – Service, E – NPC, F – Farming, H – Holdings, I – Insuring, A – Manufacturing, P – Exploration, S – Structured entity, W – Water, MIC – Mines in closure,
R – Renewable Energy.
5 Entity is dormant. |