Go Back Email this Link to a friend


Exxaro Resources Limited - Group Segment Results

Release Date: 27/08/2014 14:32:00      Code(s): EXX     
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN code: ZAE000084992
ADR code: EXXAY
(?Exxaro?)

GROUP SEGMENT RESULTS 

Shareholders are referred to the announcement of Exxaro?s interim financial results for the six-month period ended 30 June 2014 
released on the Stock Exchange News Service of the JSE on 21 August 2014 and are advised that certain figures in Table 2: Group segment 
results (included in the commentary section) were incorrectly reflected in the text version of this announcement due to a glitch in the 
alignment process. 

The correct information is set out below:

Table 2: Group segment results

                                                      Revenue                                  Net operating profit/(loss) 
                                     6 months        6 months    12 months               6 months            6 months     12 months 
                                       ended            ended        ended                  ended               ended        ended
                                      30 Jun           31 Dec       31 Dec                 30 Jun              31 Dec       31 Dec
                               2014         2013         2013         2013             2014         2013         2013         2013 
Rm                         Reviewed     Reviewed     Reviewed      Audited         Reviewed     Reviewed     Reviewed      Audited 
Coal                          7 312        6 149        7 213       13 362            1 836        1 031        1 738        2 769 
- Tied(1)                     2 094        1 782        2 135        3 917              208          210            5          215 
- Commercial(2)               5 218        4 367        5 078        9 445            1 628          821        1 733        2 554 
Ferrous                          71           55           65          120           (5 917)         (44)         (97)        (141)
- Iron ore(3)                                                                        (5 821)          (1)         (26)         (27)
- Alloys                         71           55           65          120              (96)         (26)         (35)         (61)
- Other(4)                                                                                           (17)         (36)         (53)
Other                            29           41           45           86                1          (70)       1 008          938 
- Base metals(5)                                                                                      32          113          145 
- Other(6)                       29           41           45           86                1         (102)         895          793 
Total                         7 412        6 245        7 323       13 568           (4 080)         917        2 649        3 566

(1)  Tied operations refer to mines that supply their entire production to either Eskom or ArcelorMittal South Africa Limited in terms 
     of contractual agreements.
(2)  Includes the New Clydesdale Colliery pre-tax impairment loss of R292 million recorded in the six-month period ended 30 June 2013 
     as well as the subsequent partial impairment loss reversal recorded during the six-month period ended 31 December 2013. This 
     resulted in a net impairment loss of R143 million recorded during the 12 months ended 31 December 2013.
(3)  Includes the pre-tax impairment of the original investment including goodwill, carrying value of the property, plant and equipment 
     and qualifying project costs capitalised for the Mayoko project of R 5 760 million as well as the write-off of financial assets 
     totalling R47 million recorded in the six-month period ended 30 June 2014.
(4)  Mainly made up of ferrous head office costs not directly attributable to the operation at Mayoko and as such could not be 
     capitalised with the development of the project.
(5)  Includes a Zincor refinery partial impairment loss reversal of R98 million recorded during the six-month period ended 31 December 
     2013.
(6)  Includes a profit on the sale of subsidiaries of R964 million on the sale of Base Metals Proprietary Limited (which held the 
     Zincor refinery) recorded during the six-month period ended 31 December 2013.


The legend to the commentary on the announcement of 21 August 2014 should read:
Legend
1H14  Six-month period ended 30 June 2014
2H13  Six-month period ended 31 December 2013 
1H13  Six-month period ended 30 June 2013 


Editor?s note:
Exxaro is one of the largest South African based diversified resources companies, with interests in the coal, titanium dioxide and iron 
ore commodities. www.exxaro.com 


Pretoria
27 August 2014

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 27/08/2014 02:32:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.