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Tiger Brands Limited

Annual Financial Statements

Annual financial statements

Net (finance costs)/finance income

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COMPANY       GROUP
2022   2021     (R'million) 2022   2021
        8 Net (finance costs)/finance income      
        8.1 Finance costs (89,1)   (57,0)
          Bank and other short-term borrowings (44,2)   (8,4)
          Other – financial liabilities (44,8)   (47,9)
          Other – non-financial liabilities (0,1)   (0,7)
43,0   24,9   8.2 Finance income 14,2   2,8
20,3   16,0     From subsidiary companies      
22,7   8,9     From cash and cash equivalents 14,2   2,8
(3,6)   (15,9)   8.3 Foreign exchange profit/(loss) 45,7   (8,7)
(3,6)   (15,9)     Profit/(loss) on cash balances and loans of a funding nature 45,7   (8,7)
39,4   9,0     Net (finance costs)/finance income (29,2)   (62,9)