CHAPTER 5:Earnings

		Group
For the year ended 31 December 2020		Gross Rm	Tax Rm	NCI Rm	Net Rm
Profit attributable to owners of the parent					7 283
Adjusted for:		560	(258)	(168)	134
–	IFRS 11 Gain on disposal of joint operation	(17)		4	(13)
–	IAS 16 Gain on transfer of operation	(4)		1	(3)
–	IAS 16 Net losses on disposal of property, plant and equipment	92	(29)	(14)	49
–	IAS 16 Compensation from third parties for items of property, plant and equipment impaired, abandoned or lost	(18)	5	3	(10)
–	IAS 21 Net gains on translation differences recycled to profit or loss on deregistration and liquidation of foreign entities	(103)		23	(80)
–	IAS 21 Net gains on translation differences recycled to profit or loss on disposal of associate	(13)		3	(10)
–	IAS 28 Losses on dilution of investments in associate	20		(5)	15
–	IAS 28 Net gain on deemed disposal of JV	(1 321)		298	(1 023)
–	IAS 28 Share of equity-accounted investments' separately identifiable remeasurements	42	2	(10)	34
–	IAS 36 Net impairment charges of non-current assets	1 882	(236)	(471)	1 175

Headline earnings					7 417

Continuing operations					7 348
Discontinued operations					69


For the year ended 31 December 2019 (Re-presented)¹		Gross Rm	Tax Rm	NCI Rm	Net Rm
Profit attributable to owners of the parent					9 809
Adjusted for:		(2 286)	62	14	(2 210)
–	IFRS 10 Loss on loss of control of subsidiary	35			35
–	IAS 16 Gain on disposal of operation	(76)		17	(59)
–	IAS 16 Net gains on disposal of property, plant and equipment		(3)	(3)	(6)
–	IAS 16 Compensation from third parties for items of property, plant and equipment impaired, abandoned or lost	(49)	14	8	(27)
–	IAS 21 Net gains on translation differences recycled to profit or loss on partial disposal of associate	(832)			(832)
–	IAS 21 Net gains on translation differences recycled to profit or loss on dilution of associates	(1)			(1)
–	IAS 21 Net gains on translation differences recycled to profit or loss on liquidation of foreign subsidiary	(10)			(10)
–	IAS 21 Net loss on translation differences recycled to profit or loss on deregistration of foreign entity	3		(1)	2
–	IAS 28 Losses on dilution of investments in associates	42			42
–	IAS 28 Net gains on disposal of associates²	(1 504)	65		(1 439)
–	IAS 28 Share of equity-accounted investments' separately identifiable remeasurements	71	(14)	(12)	45
–	IAS 36 Net impairment charges of non-current assets	35		5	40

Headline earnings					7 599

Continuing operations					7 488
Discontinued operations					111

¹	Refer note 18.3.
²	Includes a gain of R1 234 million on the partial disposal of Tronox Holdings plc and a gain of R270 million on the redemption of the membership interest in Tronox UK.

Exxaro report selector 2020