Reviewed condensed group financial statements and unreviewed production and sales volumes information for the year ended 31 December 2014

NOTES TO THE REVIEWED CONDENSED GROUP FINANCIAL STATEMENTSfor the year ended 31 December

    At 31 December  
    2014  
Reviewed  
Rm  
2013  
Audited  
Rm  

10.  

Discontinued operations  

   
  All the conditions precedent to the sale of Exxaro's 100% shareholding in Exxaro Base Metals to Lebonix Proprietary Limited were met on 2 December 2013. The subsidiary, which included the Zincor operations, was disposed of for a total consideration of R183 million. This sale completed the Zincor divestment process, which commenced with the cessation of the production of zinc metal at Zincor in 2011 which was followed by the sale of the Rosh Pinah mine during 2012.      
  Financial information relating to the discontinued operations to the date of disposal is set out below:      
  The financial performance and cash flow information      
  Revenue      
  Operating income     61  
  Impairment reversal of non-current assets     98  
  Operating profit     159  
  Gain on disposal of subsidiary     964  
  Net operating profit     1 123  
  Finance costs     (74) 
  Profit for the year from discontinued operations     1 049  
  Cash flow attributable to operating activities     26  
  Cash flow attributable to investing activities     98  
  Cash flow attributable to financing activities     (37) 
  Cash flow attributable to discontinued operations     87