| Notes to the consolidated financial statements | Note 24 |
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| |
|
2016
R’000 |
|
2015
R’000 |
|
| 24. |
BORROWINGS |
|
|
|
|
| |
Loans secured by mortgage bonds over fixed property (refer to note 13) |
78 436 |
|
21 372 |
|
| |
Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements (refer to note 13) |
284 365 |
|
158 622 |
|
| |
Unsecured borrowings |
6 825 353 |
|
5 053 356 |
|
| |
Other borrowings |
– |
|
1 122 195 |
|
| |
Borrowings |
7 188 154 |
|
6 355 545 |
|
| |
Bank overdrafts |
– |
|
4 |
|
| |
Total borrowings |
7 188 154 |
|
6 355 549 |
|
| |
Less: Short-term portion of borrowings |
(4 845 484) |
|
(4 534 115) |
|
| |
Long-term portion of borrowings |
2 342 670 |
|
1 821 434 |
|
| |
Schedule of repayment of borrowings |
|
|
|
|
| |
Year to June 2016 |
– |
|
4 534 115 |
|
| |
Year to June 2017 |
4 845 484 |
|
1 235 046 |
|
| |
Year to June 2018 |
1 425 966 |
|
236 080 |
|
| |
Year to June 2019 |
747 223 |
|
224 561 |
|
| |
Year to June 2020 |
66 940 |
|
44 280 |
|
| |
Year to June 2021 |
14 183 |
|
81 463 |
|
| |
Thereafter |
88 358 |
|
– |
|
| |
|
7 188 154 |
|
6 355 545 |
|
| |
Total borrowings comprise |
|
|
|
|
| |
Foreign subsidiaries borrowings |
6 181 866 |
|
6 355 545 |
|
| |
South African subsidiary borrowings |
1 006 288 |
|
– |
|
| |
Foreign subsidiaries overdraft |
– |
|
4 |
|
| |
|
7 188 154 |
|
6 355 549 |
|
| |
|
% |
|
% |
|
| |
Effective weighted average rate of interest on |
|
|
|
|
| |
South African borrowings excluding overdrafts |
8,5 |
|
– |
|
| |
Foreign borrowings excluding overdrafts |
2,0 |
|
2,1 |
|
| |
|
2016 |
|
|
|
|
| |
|
Currency |
Nominal
interest rate
% |
Financial
year of
maturity |
|
R’000 |
|
|
2015
R’000 |
|
| |
Terms and debt repayment schedule |
|
|
|
|
|
|
|
|
|
| |
Terms and conditions of outstanding loans were: |
|
|
|
|
|
|
|
|
|
| |
Borrowings of South African subsidiaries |
|
|
|
|
|
|
|
|
|
| |
Unsecured loans |
ZAR |
8,5 |
2017 |
|
1 006 288 |
|
|
– |
|
| |
Borrowings of foreign subsidiaries |
|
|
|
|
6 181 866 |
|
|
5 233 350 |
|
| |
Loans secured by mortgage bonds over fixed property |
GBP |
2,2 – 2,7 |
2020 – 2022 |
|
42 014 |
|
|
7 344 |
|
| |
|
EUR |
1,6 – 10,0 |
2017 – 2022 |
|
23 554 |
|
|
– |
|
| |
|
CZK |
1,9 |
2020 |
|
12 868 |
|
|
14 028 |
|
| |
Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements |
GBP |
3,4 – 6,6 |
2017 – 2019 |
|
4 270 |
|
|
1 302 |
|
| |
|
PLN |
2,2 – 2,3 |
2020 – 2021 |
|
41 973 |
|
|
37 900 |
|
| |
|
EUR |
1,7 – 6,1 |
2017 – 2022 |
|
232 773 |
|
|
119 420 |
|
| |
|
BRL |
2,5 – 18,2 |
2017 – 2018 |
|
5 349 |
|
|
– |
|
| |
Unsecured borrowings |
GBP |
0,0 – 9,6 |
2018 – 2023 |
|
535 563 |
|
|
365 913 |
|
| |
|
EUR |
0,0 – 3,2 |
2017 – 2021 |
|
2 739 544 |
|
|
2 220 621 |
|
| |
|
HKD |
0,9 – 3,3 |
2016 – 2018 |
|
1 415 240 |
|
|
1 172 791 |
|
| |
|
SGD |
1,3 – 2,5 |
2017 – 2019 |
|
656 758 |
|
|
740 089 |
|
| |
|
CZK |
1,5 – 5,0 |
2017 – 2019 |
|
233 866 |
|
|
376 705 |
|
| |
|
PLN |
2,8 – 3,6 |
2017 – 2020 |
|
49 408 |
|
|
30 968 |
|
| |
|
CLP |
0,0 – 8,9 |
2017 – 2022 |
|
71 138 |
|
|
62 765 |
|
| |
|
AED |
0,0 – 5,0 |
2017 – 2022 |
|
52 621 |
|
|
43 191 |
|
| |
|
USD |
1,9 |
2017 |
|
50 576 |
|
|
– |
|
| |
|
Other |
0,0 – 15,0 |
2017 – 2022 |
|
14 351 |
|
|
15 086 |
|
| |
|
NZD |
– |
– |
|
– |
|
|
25 227 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total interest-bearing borrowings |
|
|
|
|
7 188 154 |
|
|
5 233 350 |
|
| |
The expected maturity dates are not expected to differ from the contractual maturity dates.
Refer to note 32 for further disclosure. |
| Notes to the consolidated financial statements | Note 24 |
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|