| |
|
GROUP |
| |
(R’million) |
| 27 |
BORROWINGS |
|
|
| |
In terms of the group's delegation of authority, the group’s borrowings are subject to specific approval processes. Any secured and unsecured loans are all at floating rates unless otherwise stated. |
|
|
| 27.1 |
Lease liability |
|
|
| |
Current year movements in relation to leases are as follows: |
|
|
| |
Opening balance (1 October) |
336,2 |
412,7 |
| |
New leases and lease modifications |
447,8 |
64,3 |
| |
Accretion of interest |
38,1 |
28,3 |
| |
Payments |
(254,8) |
(164,9) |
| |
Transfer to held for sale |
– |
(4,2) |
| |
|
567,3 |
336,2 |
| |
The group utilised an IBR between 5.0% and 8.5% for the different classes of assets identified. |
|
|
| |
Lease liabilities relate to right-of-use assets with a book value of R525,2 million (2020: R291,9 million) as per note 12.3. |
|
|
| |
The maturity analysis of lease liabilities is disclosed in note 33.4. |
|
|
| 27.2 |
Long-term borrowings |
|
|
| |
Long-term portion of lease liability |
399,0 |
197,2 |
| 27.3 |
Short-term borrowings |
168,3 |
141,0 |
| |
Bank overdrafts |
– |
2,0 |
| |
Short-term portion of lease liability |
168,3 |
139,0 |
|
|
|
|
