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Interest received
For all financial instruments measured at amortised cost, interest received or expensed is recorded using the effective
interest rate, which is the rate that exactly discounts the estimated future cash payments or receipts through the
expected life of the financial instrument or a shorter period, where appropriate, to the net carrying amount of the
financial asset or liability. Interest received is included in finance income in the income statement. |
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GROUP |
|
COMPANY |
| |
(R'million) |
2024 |
2023 |
|
2024 |
2023 |
| 9.1 |
Finance costs |
(320,4) |
(267,9) |
|
(1,4) |
(0,1) |
| |
Bank and other short-term borrowings |
(265,2) |
(220,9) |
|
– |
– |
| |
Other – financial liabilities |
(52,9) |
(44,8) |
– |
– |
| |
Other – non-financial liabilities |
(2,3) |
(2,2) |
(1,4) |
(0,1) |
| 9.2 |
Finance income |
21,1 |
29,9 |
|
57,1 |
60,0 |
| |
From subsidiary companies |
– |
– |
|
39,0 |
32,8 |
| |
From cash and cash equivalents |
21,1 |
29,9 |
18,1 |
27,2 |
| 9.3 |
Foreign exchange loss |
(51,1) |
(33,6) |
|
(56,8) |
(34,7) |
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Loss on cash balances and loans of a funding nature |
(51,1) |
(33,6) |
|
(56,8) |
(34,7) |
|
|
|
|
|
|
|
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Net (finance costs)/finance income |
(350,4) |
(271,6) |
|
(1,1) |
25,2 |
|