| Notes to the consolidated annual financial statements l Note 30 |
|
| 30 Trade and other payables |
|
Group |
|
|
Company |
|
|
|
|
|
|
|
| |
|
2017
Rm |
|
|
2016
Rm |
|
|
2017
Rm |
|
|
2016
Rm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
7 516 |
|
|
7 134 |
|
|
8 657 |
|
|
6 820 |
|
| Trade payables |
|
3 870 |
|
|
3 873 |
|
|
3 383 |
|
|
3 359 |
|
| Finance cost accrued |
|
60 |
|
|
54 |
|
|
60 |
|
|
54 |
|
| Accruals and other payables |
|
3 586 |
|
|
3 207 |
|
|
5 214 |
|
|
3 407 |
|
Accruals and other payables mainly represent amounts payable for goods received, net of value added tax obligations and licence fees.
Telkom's standard payment terms of trade payables is at the end of the following month following the date of the receipt of the invoice. This averages to 45 days.
Included in the current and prior year balance is the refund from SARS of R854 million including interest. Refer to note 37.
|
| Notes to the consolidated annual financial statements l Note 30 |
|
|