113 / 166
2017
R’000
2016
R’000
25.
BORROWINGS
Loans secured by mortgage bonds over fixed property (refer to note 13)
54 651
78 436
Loans secured by lien over certain property, plant and equipment in terms of financial leases and
suspensive sale agreements (refer to note 13)
441 679
284 365
Unsecured borrowings
7 561 133
6 825 353
Borrowings
8 057 463
7 188 154
Less:
Short-term portion of borrowings
(2 809 822)
(4 845 484)
Long-term portion of borrowings
5 247 641
2 342 670
Schedule of repayment of borrowings
Year to June 2017
–
4 845 484
Year to June 2018
2 809 822
1 425 966
Year to June 2019
4 015 364
747 223
Year to June 2020
719 285
66 940
Year to June 2021
131 475
14 183
Year to June 2022
300 261
88 358
Thereafter
81 256
–
8 057 463
7 188 154
Total borrowings comprise
Foreign subsidiaries borrowings
7 422 844
6 181 866
South African subsidiary borrowings
634 619
1 006 288
8 057 463
7 188 154
%
%
Effective weighted average rate of interest on
South African borrowings excluding overdrafts
8,5
8,5
Foreign borrowings excluding overdrafts
2,2
2,0
109
Annual integrated report 2017
Bid Corporation Limited