Notes to the financial statements | Note 3.7

3.7 Changes in liabilities arising from financing activities
 
  Group
2023 Derivative
liabilities –
interest rate
swaps
Rm		 Interest–
bearing
debt
Rm		 Lease
liabilities
Rm		 Total
Rm
Balance as at 31 March 2022 69 11 932 5 374 17 375
Cash flow movements (53) 2 320 (1 571) 696
Repayment of derivatives (53) – – (53)
Loans raised – 25 970 – 25 970
Loans repaid – (23 650) – (23 650)
Repayment of lease liability – – (1 571) (1 571)
Non-cash flow movements – 104 2 085 2 189
Foreign exchange revaluation on loans – 21 – 21
Insurance premium amortised – 11 – 11
Finance charges capitalised to interest-bearing debt1 – 72 – 72
Additions to lease liabilities – – 1 203 1 203
Termination of leases – – (144) (144)
Lease modifications – – 538 538
IFRS 16 interest capitalised – – 488 488
Balance as at 31 March 2023 16 14 356 5 888 20 260

 

  Group
2022 Derivative
liabilities –
interest rate
swaps
Rm 		 Interest–
bearing
debt
Rm 		 Lease
liabilities
Rm 		  Total
Rm
Balance as at 31 March 2021 202 10 866 4 972 16 040
Cash flow movements (105) 957 (1 443) (591)
Repayment of derivatives (105) – – (105)
Loans raised – 1 150 – 1 150
Loans repaid – (193) – (193)
Finance leases repaid/reclassified to lease liabilities – – (3) (3)
Repayment of lease liability – – (1 440) (1 440)
Non-cash flow movements (28) 109 1 845 1 926
Foreign exchange revaluation on loans – (9) – (9)
Finance charges capitalised to interest-bearing debt1 – 107 – 107
Insurance premium amortised – 11 – 11
Additions to lease liabilities – – 997 997
Termination of leases – – (58) (58)
Lease modifications – – 456 456
IFRS 16 interest capitalised – – 450 450
Valuation loss (28) – – (28)
Balance as at 31 March 2022 69 11 932 5 374 17 375

 

  Company
2023 Derivative
liabilities –
interest rate
swaps
Rm		 Interest–
bearing
debt
Rm		 Lease
liabilities
Rm		 Total
Rm
Balance as at 31 March 2022 69 11 932 6 103 18 104
Cash flow movements (53) 2 320 (1 775) 492
Repayment of derivatives (53) – – (53)
Loans raised – 25 970 – 25 970
Loans repaid – (23 650) – (23 650)
Repayment of lease liability – – (1 775) (1 775)
Non-cash flow movements – 104 1 027 1 131
Foreign exchange revaluation on loans – 21 – 21
Insurance premium amortised – 11 – 11
Finance charges capitalised to interest-bearing debt1 – 72 – 72
Additions to lease liabilities – – 1 068 1 068
Termination of leases – – (166) (166)
Lease modifications – – 963 963
IFRS 16 interest capitalised – – 464 464
Leases transferred from Yellow Pages – – 26 26
Leases transferred to Openserve – – (1 328) (1 328)
Balance as at 31 March 2023 16 14 356 5 355 19 727

 

  Company
2022 Derivative
liabilities –
interest rate
swaps
Rm 		Interest–
bearing
debt
Rm 		Lease
liabilities
Rm 		Total
Rm
Balance as at 31 March 2021 202 10 866 6 161 17 229
Cash flow movements (105) 957 (2 043) (1 191)
Repayment of derivatives (105) – – (105)
Loans raised – 1 150 – 1 150
Loans repaid – (193) – (193)
Repayment of lease liability – – (2 043) (2 043)
Non-cash flow movements (28) 109 1 985 2 066
Foreign exchange revaluation on loans – (9) – (9)
Finance charges capitalised to interest-bearing debt1 – 107 – 107
Insurance premium amortised – 11 – 11
Additions to lease liabilities – – 1 000 1 000
Termination of leases – – (150) (150)
Lease modifications – – 618 618
IFRS 16 interest capitalised – – 517 517
Valuation loss (28) – – (28)
Balance as at 31 March 2022 69 11 932 6 103 18 104
1 Interest accruals include the effect of interest amortised and accrued for in the closing balance of interest-bearing debt.