| Notes to the financial statements l Note 28 |
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| 28. |
INTEREST-BEARING LOANS |
| |
| Company |
|
|
Group |
2021
Rm |
|
2020
Rm |
|
| 2021
Rm |
|
2020
Rm |
|
|
|
| |
Interest-bearing loan |
|
| |
|
|
|
| |
Current portion |
502 |
|
2 |
|
|
|
| |
Non-current portion |
5 |
|
500 |
|
|
|
|
|
| 507 |
|
502 |
|
|
|
| |
Movements in interest-bearing loans for the year: |
|
| |
|
|
|
| |
Opening balance |
502 |
|
503 |
|
|
|
| |
Drawings on facilities |
5 |
|
380 |
|
|
|
| |
Finance cost charges |
24 |
|
39 |
|
|
|
| |
Payments |
(24) |
|
(420) |
|
|
|
| |
Closing balance |
507 |
|
502 |
|
|
|
| |
An interest-bearing loan of R500 million bears interest at 3 month JIBAR plus 1,25% and is repayable in full in November 2021. An interest-bearing loan of R5 million bears interest of LIBOR plus 1.65% and is repayable in full in October 2022. All debt covenants have been fulfilled. Covenants include net debt and finance charge cover measures. |
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| Notes to the financial statements l Note 28 |
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