Shareholder leaflet - Exxaro
Shareholder leaflet - Exxaro
Shareholder leaflet - Exxaro
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Year ended 31 December<br />
2012<br />
Reviewed<br />
Rm<br />
2011<br />
Restated<br />
Rm<br />
Net operating profit<br />
Coal 2 105 3 083<br />
Tied 285 309<br />
Commercial 1 820 2 774<br />
Mineral sands 1 925 2 678<br />
KZN Sands (1) 680 753<br />
Namakwa Sands 1 009 987<br />
Australia Sands 236 938<br />
Base metals 422 (1 145)<br />
Rosh Pinah (7) 102<br />
Zincor (2) (91) (1 239)<br />
Other (3) 520 (8)<br />
Other 3 105 (491)<br />
Total net operating profit 7 557 4 125<br />
Continuing operations 1 738 2 552<br />
Discontinued operations 5 819 1 573<br />
(1)<br />
Includes a partial impairment reversal of R103 million (2011: R869 million) of the carrying<br />
value of property, plant and equipment at KZN Sands, of which the impairment was initially<br />
accounted for in 2009.<br />
(2)<br />
Includes an impairment of R516 million of the carrying value of property, plant and equipment<br />
at Zincor refinery in 2011.<br />
(3)<br />
Includes profit on sale of R544 million in 2012.<br />
7. Net financing costs<br />
Year ended 31 December<br />
Continuing operations<br />
2012<br />
Reviewed<br />
Rm<br />
2011<br />
Restated<br />
Rm<br />
Total interest income 138 261<br />
Interest income 81 203<br />
Interest received from joint ventures 42 58<br />
Finance leases 15<br />
Total interest expense (655) (628)<br />
Interest expense and loan costs (249) (281)<br />
Interest adjustment on non-current<br />
provisions and post-retirement obligations (404) (347)<br />
Other (2)<br />
Borrowing costs capitalised 330<br />
Net financing costs (187) (367)<br />
Reviewed condensed group annual financial results and unreviewed physical information | 13
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