Notes to the consolidated and separate annual financial statements | Note 5

5. Investment in subsidiary
 

The following table lists the entity controlled by the Group, either directly or indirectly through a subsidiary.

Company

Issued share capital
Directly held Number
of shares
2024		 Number
of shares
2023		 Percentage
holding
2024		 Percentage
holding
2023		 Carrying 
amount 
2024*		 Carrying 
amount 
2023*
Merafe Ferrochrome 400 400 100 100 – –

The Company's share in the profits of subsidiary for the year ended 31 December 2024 amounted to R677 million (2023: R1 769 million).

* Less than R1 000.

Controlled entities

Merafe Kroondal Rehabilitation Trust is consolidated as a controlled entity of the Company.

Refer to note 1.3 for further details on the consolidation of controlled entities. There have been no significant changes in the nature and risks associated with this entity.

Trust with different reporting dates

The end of the reporting year of Merafe Kroondal Rehabilitation Trust is 28 February. The financial information used in the consolidation of the results is as at 31 December 2024. In reporting the financial information for the Trust, information from 1 January 2024 to 31 December 2024 has been reported using management accounts.