4. Working capital
4.1 Lease receivables
4.1.1 Finance lease receivables
 

The Group provides voice and non-voice services to its customers, which make use of router, PABX equipment and IT equipment that are dedicated to specific customers. The disclosed information relates to those arrangements that have been assessed to be finance leases.

   Group 
2025  Total
Rm
 
<1 year
Rm
 
1 - 5 years
Rm
 
Minimum lease payments receivable          
Lease payments receivable  705  360  345 
Unearned finance income  (76) (41) (35)
Present value of minimum lease income (finance lease receivables) 629  319  310 
Expected credit loss  (165)      
Carrying amount  464       

2024 
        
Minimum lease payments receivable           
Lease payments receivable  691  334  357 
Unearned finance income  (76) (36) (40)
Present value of minimum lease income (finance lease receivables) 615  298  317 
Expected credit loss  (36)      
Carrying amount  579       
   Company 
2025  Total
Rm
 
<1 year
Rm
 
1 - 5 years
Rm
 
Minimum lease payments receivable          
Lease payments receivable   242  70   172 
Unearned finance income  (39) (22) (17)
Present value of minimum lease income (finance lease receivables) 203  48  155 
Expected credit loss  (10)      
Carrying amount  193       

2024 
        
Minimum lease payments receivable          
Lease payments receivable  56  24  32 
Unearned finance income  (8) (4) (4)
Present value of minimum lease income (finance lease receivables) 48  20  28 
Expected credit loss  (10)      
Carrying amount  38       
4.1.2 Operating lease revenue
 
  Group
2025 Total
Rm
<1 year
Rm
1 - 5 years
Rm
>5 years
Rm
Rental receivable on buildings 201 54 123 24
Customer premises equipment receivables 5 3 2 —
Exchanges 285 67 183 35
Total 491 124 308 59

2024
       
Rental receivable on buildings 73 37 36 —
Customer premises equipment receivables 7 4 3 —
Exchanges 94 94 — —
Masts and towers1 2 417 684 1 733 —
Total 2 591 819 1 772 —
1 In the current year, Swiftnet has been sold. Future rental income from masts and towers will not materialise for the Group.
  Company
2025 Total
Rm
<1 year
Rm
1 - 5 years
Rm
>5 years
Rm
Rental receivable on buildings 167 71 96 —
Customer premises equipment receivables 5 3 2 —
Total 172 74 98 —

2024
       
Rental receivable on buildings 244 76 168 —
Customer premises equipment receivables 7 4 3 —
Total 251 80 171 —