Trade and other payables
| COMPANY |
|
|
|
GROUP |
| |
|
(R’million) |
| |
|
|
25 |
TRADE AND OTHER PAYABLES# |
|
|
| |
|
|
|
Trade payables |
2 827,1 |
2 308,7 |
| |
|
|
|
Rebates and incentives accruals* |
931,6 |
715,9 |
| |
|
|
|
Accruals |
964,6 |
753,6 |
| |
|
|
|
VAT payable |
49,9 |
40,9 |
| 37,9 |
27,0 |
|
|
Other creditors |
356,0 |
271,4 |
| |
|
|
|
Defined benefit pension fund liability (refer note 30) |
2,3 |
2,3 |
| 37,9 |
27,0 |
|
|
|
5 131,5 |
4 092,8 |
| # |
Restated as the group reclassified customer rebates as part of continuous improvements in terms of IFRS 15. (Refer note 21.1). |
| * |
During the year, R4,1 billion (2020: R4,0 billion) was raised and R3,9 billion (2020: R3,8 billion) was settled. |
Trade payables are non-interest bearing and are normally settled within 30 to 45-day terms. Included within other creditors is
derivative liabilities of R18,1 million (2020: R16,1 million) which are carried at fair value. Refer note 33.7 for further details.
