MENU Notes to the financial statementsfor the year ended 30 June 2015

  1. Accounting policies
  2. Definitions
  3. Revenue
  4. Cost of sales
  5. Trading profit
  6. Share-based payments
  7. Finance revenue
  8. Finance cost
  9. Taxation
  10. Earnings per share
  11. Headline earnings per share
  12. Dividends paid in the current year
  13. Property, plant and equipment
  14. Investment properties
  15. Investments
  16. Long-term financial assets
  17. Goodwill
  18. Deferred taxation
  19. Inventories
  20. Trade and other receivables
  21. Cash and cash equivalents
  22. Stated capital
  23. Non-distributable reserve
  24. Interest-bearing loans and borrowings
  25. Trade and other payables
  26. Provisions
  27. Reconciliation of profit before taxation to cash generated from operations
  28. Taxation paid
  29. Dividends paid
  30. Commitments and contingencies
  31. Employee benefits
  32. Financial risk management objectives and policies
  33. Related-party transactions
  34. Segment report (restated)
  35. Subsequent events
  36. Discontinued operations
  37. Loss of control in subsidiary
  38. Group entities
Company       Group  
2015  
Rm’s  		     2014  
Rm’s  		       2015  
Rm’s  		     2014  
Rm’s  
        24. Interest-bearing loans and borrowings            
          Loans            
          Rand            
          Loan carried interest at a fixed rate of 7,49% and final instalment was paid on 1 March 2015.     —       125  
          Australian Dollar            
          Loan secured by a first mortgage over property that has a carrying value of R47 million (2014: R74 million). This loan was set to mature on 5 October 2014 but terms were renegotiated in the current year.     29       40  
          The loan of R29 million bears interest at a fixed rate of 4,99% (2014: 5,91%) per annum, and matures on 4 October 2016. A second loan of R10 million bearing interest of 4,79% per annum was settled on 2 March 2015.            
              29       165  
          Current portion of interest-bearing debt     —       165  
          Non-current portion of interest-bearing debt     29       —  
          The fair value of the long-term borrowings approximates the carrying value, as the current market rates of interest (fixed and variable) do not differ materially from those specified in the loan agreements.