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• Group at a glance
• Exxaro's geographical locations
• Group shareholder structure
• Summary of business operations
• Group review at a glance
• Business objectives
• Exxaro Resources - Directorate
• Exxaro Resources - Executive committee
• Kumba Resources - Directorate
• Group cash value added statement
• Supplementary information
• Selected group financial data
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• Directors' responsibility
• Certificate by Company Secretary
• Independent auditor's report
• Report of the directors
• Directors' remuneration
• Income statements
• Balance sheets
• Cash flow statements
• Group statement of changes in equity
• Company statement of changes in equity
• Notes the annual financial statements
• Annexure 1
• Annexure 2
• Annexure 3

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• Administration and Diary
• Notice of AGM
• Short biographies of Exxaro directors for re-election
• Shareholders' analysis
• Form of proxy [PDF]

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Supplementary information

 

Income statements
for the periods ended
	12 months	12 months
	ended	ended
	31 Dec	31 Dec
	2006	2005
	Unaudited	Unaudited
		Restated
Revenue	8 814	7 248
Operating expenses	(7 553)	(6 254)
Net operating profit	1 261	994
Net financing costs	(315)	(173)
Share of profit from equity accounted investments	638	417
Profit before taxation	1 584	1 238
Taxation	(595)	(321)
Profit for the period	989	917
Attributable to:
Equity holders of the parent	962	856
Minority interest	27	61
	989	917
Ordinary shares (million)
– in issue	351	306
– weighted average number of shares	313	304
– diluted weighted average number of shares	318	311
Attributable earnings per share (cents)
– basic	307	281
– diluted	302	275
Dividend per share for the period (cents)	525	470
Reconciliation of headline earnings
Net profit attributable to ordinary shareholders	962	856
Adjusted for:
– Impairment charges		28
– Share of associates goodwill amortisation
– Goodwill amortisation	(36)	(95)
– Share of associates exceptional items	(1)
– Net deficit on disposal or scrapping of property,
plant and equipment	(3)	(2)
– Net surplus on disposal of investment in joint
venture and associates	(39)
– Closure cost
Minority interest on adjustments		(1)
Taxation effect of adjustments	10	(6)
Headline earnings	893	780
Headline earnings per share (cents)
– basic	285	256
– diluted	281	251
Balance sheets
	As at	As at
	31 Dec	31 Dec
	2006	2005
	Unaudited	Unaudited
		Restated
	Rm	Rm
ASSETS
Non-current assets
Property, plant and equipment	8 367	7 714
Biological assets	26	28
Intangible assets	69	61
Investments in associates
and joint ventures	384	513
Deferred taxation	521	339
Other financial assets	693	307
Total non-current assets	10 060	8 962
Current assets
Inventories	1 391	1 027
Trade and other receivables	1 663	1 414
Cash and cash equivalents	1 367	889
Total current assets	4 421	3 330
Non-current assets classified as held for sale	2	11
Total assets	14 483	12 303
EQUITY AND LIABILITIES
Capital and reserves
Share capital	4 560	2 940
Non-distributable reserves	1 205	228
Retained income	3 395	1 010
Equity attributable to equity holders of the parent	9 160	4 178
Minority interest	27	9
Total equity	9 187	4 187
Non-current liabilities
Interest-bearing borrowings	1 214	5 139
Non-current provisions	931	643
Deferred taxation	1 116	502
Total non-current liabilities	3 261	6 284
Current liabilities
Trade and other payables	1 321	1 235
Interest-bearing borrowings	613	549
Taxation	67	24
Current provisions	30	24
Shareholders for dividend	4
Total current liabilities	2 035	1 832
Total equity and liabilities	14 483	12 303
Net debt	460	4 799
Cash flow statements
	12 months	12 months
	ended	ended
	31 Dec	31 Dec
	2006	2005
	Unaudited	Unaudited
Cash flows from operating activities	(1 173)	214
Cash flows from investing activities	(559)	(3 432)
Cash flows from financing activities	2 260	3 521
Net increase in cash and cash equivalents	528	303
Cash and cash equivalents at beginning of year	889	586
Acquisition of subsidiary	(50)
Cash and cash equivalents at end of year	1 367	889

   
   
   Supplementary information is compiled using the following assumptions:

• The iron ore business is excluded and the investment in SIOC is equity accounted from 1 January 2005;
• Eyesizwe is consolidated from 1 January 2005;
• The non-recurring entries to give effect to the empowerment transaction are excluded;
• The impairment of the mineral sands property, plant and equipment is excluded from the 2006 results;
• The settlement proceeds from the disposal of the interest in Hope Downs isexcluded from the 2005 results;
• Net financing costs have been split on the assumption that Exxaro incurred the
  majority of external borrowings with SIOC being cash positive; and
• The taxation charge has been split on the assumption that STC incurred on dividend declaration was borne by Exxaro.

 

 

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