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Annual financial statements
Trade and other payables
Download pdf| COMPANY | GROUP | |||||||||
| 2022 | 2021 | (R'million) | 2022 | 2021 | ||||||
| 24 | Trade and other payables | |||||||||
| Trade payables | 3 364,2 | 2 827,1 | ||||||||
| Rebates and incentives accruals* | 902,7 | 931,6 | ||||||||
| Accruals | 1 141,6 | 964,6 | ||||||||
| VAT payable | 14,0 | 49,9 | ||||||||
| 52,6 | 37,9 | Other creditors | 252,7 | 356,0 | ||||||
| Defined benefit pension fund liability (refer note 29) | 2,5 | 2,3 | ||||||||
| 52,6 | 37,9 | 5 677,7 | 5 131,5 | |||||||
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| Trade payables are non-interest bearing and are normally settled within 30 to 45-day terms. Included within trade payables is derivative liabilities of R19,8 million (2021: R18,1 million) which are carried at fair value. Refer note 32.7 for further details. | ||||||||||