Notes to the financial statements | Note 6.1

6. Financing structure and commitments
6.1 Investment income
 
    Group Company
    31 March
2025
Rm 		31 March
2024
Rm 		31 March
2024
Rm 		31 March
2025
Rm
Investment income 369 229 2 408 4 381
Interest income 339 229 1 149 1 115
Dividend income from subsidiaries — — 1 229 3 266
  Dividend received in cash — — 1 189 616
  Non-cash dividend — — 40 2 650
Dividend income from insurance cell captive 30 — 30 —

Interest income relates to interest earned from financial assets (cash and cash equivalents and loans) measured at amortised cost. Interest is recognised on a time proportionate basis, taking into account the principal amount outstanding and the effective interest rate.

The decrease in dividend received is mainly due to the decrease in dividends declared by BCX in the current financial year.

R40 million (31 March 2024: R2 650 million) of the dividends declared by BCX and Gyro were non-cash and were net settled through the entities' intercompany accounts.