| |
| |
Group |
Company |
| |
31 March
2021
Rm |
31 March
2021
Rm |
| Net finance charges and fair value movements |
(1 279) |
(1 527) |
(1 423) |
(1 747) |
| Net finance charges |
(1 112) |
(1 249) |
(1 262) |
(1 496) |
| Finance charges on lease liabilities |
(450) |
(445) |
(517) |
(560) |
| Net finance charges on local debt1 |
(740) |
(835) |
(823) |
(967) |
| Less: Finance charges capitalised2 |
78 |
31 |
78 |
31 |
| Foreign exchange and fair value movements |
(167) |
(278) |
(161) |
(251) |
| Foreign exchange (loss)/gain |
(136) |
829 |
(125) |
870 |
| Cost of hedging |
– |
(153) |
– |
(153) |
| Fair value adjustments |
(31) |
(954) |
(36) |
(968) |
| Capitalisation rate for borrowing costs (%) |
6.6 |
7.1 |
6.6 |
7.1 |
| 1 |
For interest-bearing debt movement, refer to note 26. |
| 2 |
Finance charges on general borrowings are capitalised to qualifying assets (property, plant and
equipment and intangible assets). |
Finance charges relate to interest expense on financial liabilities measured at amortised cost.
Finance charges on local and foreign debt decreased from R1 249 million in March 2021 to R1 112 million in March 2022 for Group and decreased from
R1 496 million in March 2021 to R1 262 million in March 2022 for Company, respectively. The decrease in the current year is mainly due to lower interest rates
as well as the settlement of the SARS liability in the prior year.
|
