CHAPTER 4:
FINANCIAL STATEMENTS

		Group		Company
At 31 December	Note	2020 Rm	(Represented)¹ 2019 Rm	2020 Rm	2019 Rm
ASSETS
Non-current assets		65 824	57 978	12 576	20 521
Property, plant and equipment	10.1.3	38 395	33 562	599	602
Intangible assets²	10.2.3	3 095	16	6	8
Right-of-use assets	11.3	453	462	391	439
Inventories	6.2.2	128	101
Equity-accounted investments	9.4	20 006	17 502	1 324	2 735
Investments in subsidiaries	17.4			8 390	9 287
Financial assets	10.3.2	2 141	2 674	1 406	7 153
Deferred tax	7.5	1 076	467	459	296
Other assets²	10.4	530	3 194	1	1
Current assets		9 033	9 121	13 917	6 905
Inventories	6.2.2	1 821	1 809	7	3
Financial assets	10.3.2	169	272	11 386	4 539
Trade and other receivables	6.2.3	2 827	3 241	646	630
Cash and cash equivalents		3 196	2 695	1 864	1 649
Other assets²	10.4	1 020	1 104	14	84
Non-current assets held-for-sale	8.4	3 749	1 741	4 002	2 377
Total assets		78 606	68 840	30 495	29 803

¹	Refer note 18.3 for the reclassification of Black Mountain from non-current assets held-for-sale to equity-accounted investments.
²	2019 has, in addition, 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

	Group			Company
At 31 December	Note	2020 Rm	(Represented)¹ 2019 Rm	2020 Rm	2019 Rm
EQUITY AND LIABILITIES
Capital and other components of equity
Share capital	12.2.2	1 021	1 021	11 265	11 265
Other components of equity		2 495	2 723	1 053	1 055
Retained earnings/(accumulated deficit)		35 265	31 032	(7 611)	(5 856)
Equity attributable to owners of the parent		38 781	34 776	4 707	6 464
Non-controlling interests	17.7	9 340	8 111
Total equity		48 121	42 887	4 707	6 464
Non-current liabilities		19 103	19 364	3 217	7 528
Interest-bearing borrowings	12.1.3	7 448	6 991	2 748	6 991
Lease liabilities	11.4	493	461	432	448
Other payables	6.2.4	24	121
Provisions	13.3	1 946	4 305	37	37
Retirement employee obligations	14.4	147	181
Financial liabilities	12.1.7	782
Deferred tax	7.5	8 236	7 138
Other liabilities	12.1.8	27	167		52
Current liabilities		10 244	5 179	22 571	15 811
Interest-bearing borrowings	12.1.3	6 163	50	6 053	50
Lease liabilities	11.4	29	27	23	17
Trade and other payables	6.2.4	2 940	2 603	200	177
Provisions	13.3	185	99
Financial liabilities	12.1.7	49	498	16 071	14 398
Overdraft	12.1.3	17	976	17	976
Other liabilities	12.1.8	861	926	207	193
Non-current liabilities held-for-sale	8.4	1 138	1 410
Total liabilities		30 485	25 953	25 788	23 339
Total equity and liabilities		78 606	68 840	30 495	29 803

¹	Refer note 18.3 for the reclassification of Black Mountain from non-current assets held-for-sale to equity-accounted investments.

Exxaro report selector 2020