| |
| |
Group |
Company |
| |
31 March
2025
Rm |
31 March
2024
Rm |
31 March
2025
Rm |
31 March
2024
Rm |
| Net finance charges and fair value movements |
(1 984) |
(2 181) |
(1 859) |
(2 002) |
| Net finance charges |
(1 926) |
(2 127) |
(1 809) |
(2 030) |
| Finance charges on lease liabilities |
(529) |
(586) |
(463) |
(468) |
| Net finance charges on local debt1 |
(1 445) |
(1 580) |
(1 377) |
(1 590) |
| Less: Finance charges capitalised2 |
48 |
39 |
31 |
28 |
| Foreign exchange and fair value movements |
(58) |
(54) |
(50) |
28 |
| Foreign exchange gain/(loss) |
167 |
(185) |
112 |
(101) |
| Fair value adjustments |
(225) |
131 |
(162) |
129 |
| Capitalisation rate for borrowing costs (%) |
10.2 |
10.2 |
10.2 |
10.2 |
| 1 |
For the interest-bearing debt movement, refer to note 6.4. |
| 2 |
Finance charges on general borrowings are capitalised to qualifying assets (property, plant and equipment and intangible assets). |
Finance charges relate to interest expense on financial liabilities measured at amortised cost.
Net finance charges on local and foreign debt decreased from R2 127 million in March 2024 to R1 926 million in March 2025 for the Group and
decreased from R2 030 million in March 2024 to R1 809 million in March 2025 for the Company. The decrease in finance charges is largely due
to decreases in interest rates and lower average debt levels during the current financial year. |
